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J Forex Trader
1-2 years

Is it possible to use Expert Advisors (EAs) for automated trading on Specter.ai's platforms?

Broker Issues
Specter.ai
Instruments
Platform
Leverage
Account
08-02
United States
WikiFX
Reply

Based on my experience and the specifics available about Specter.ai, I would approach the question of using Expert Advisors (EAs) for automated trading with considerable caution. Specter.ai is a blockchain-based platform centered on binary options and synthetic assets, rather than the traditional forex environment that supports plug-and-play automation such as EAs on the MT4 or MT5 platforms. Since the technical infrastructure appears unique—relying on the Ethereum blockchain, decentralized liquidity pools, and proprietary contract types—direct compatibility for MetaTrader-based EAs is not advertised or suggested in any official material. Specter.ai does allow users to trade directly from crypto wallets or through regular accounts utilizing blockchain verification. While this model introduces transparency, it does not inherently provide an open API or attachable scripting environment for EAs as seen with many regulated forex brokers. For me, this is a limitation; I rely on EAs not only for trade automation but also to consistently test strategies over time. Here, the lack of regulatory oversight and a suspicious license status add further risk to automating trading with large sums, as transparency around execution, data feeds, and strategy stability is unclear. Overall, if automated trading is core to your approach, Specter.ai may not be a suitable venue given its current structure and risk profile. I would advise any trader in a similar position to carefully assess platform capabilities and regulatory protection before considering Specter.ai for EA-driven strategies.

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