Trade Advisor for Metatrader 4 works on the theory of arbitration.
opened two opposing positions of two brokers
position opened when the bid> ASK
closed when the position is leveled.
works on two or more brokers
statistics can be viewed at
forexarbitr.com/1/DetailedStatement2.htm
forexarbitr.com/1/DetailedStatement3.htm
forexarbitr.com/1/DetailedStatement1.htm
profit is the sum of 3 accounts
Robot works with a slip and requotes
forexarbitr.com]арбитражный советник
You haven’t done anything new. I haven’t seen one of these systems fail yet. I also haven’t heard of anybody making any real money with them either. The so called arbitrage exists in demo only not in the real money accounts and most brokers ban this kind of trading.
That reminds me of something I read about on another forum. 3 college buddies spent all summer perfecting a similar system and wrote a robot. They had it ready to sell and were posting real time results (not real money) and asking for advice on how much they should charge. One of the expert traders figured out how they were doing it and asked them which broker would handle the trading. That was the last posting.
But if you’re doing this across multiple brokers, how would they even know? I don’t know what this spammer is using to access brokers, but let’s say for arguments sake you could run an EA that can access two or more brokers at a time. Couldn’t that work, even on a live account?
This can be done in demo accounts and probably nobody notices or cares.
The brokers with slow feeds probably are aware of their risk and watch out for this kind of activity. Not saying they could detect 4 or 5 trades a day, but several hundred, all winners, would catch somebody’s attention. All they have to do is delay the trades with requotes and the stategy fails.
Remember this method can only catch a few pips so less than a hundred trades isn’t going to worth bothering with.
Yeah, I see your point. I would only try this kind of thing with STP-type offerings, though, where they have good average execution times.
And you wouldn’t necessarily need to execute hundreds of trades a day … give me 5-10 pips every day, and I think it would work out in the end.
I realized afterwards some of my statements didn’t make sense in the previous posting. I wasn’t trying to imply that less than 100 pips was unacceptable, rather that to make 30 or 40 pips make take a hundred trades because these schemes typically have a high Risk/Reward ratio. And I certainly didn’t mean that it had a 100% win ratio - rather it has a very high win ratio.
Hello. Tell, if your adviser works and produces a profit, why you sell it?