Crypto, FIAT ... Forex (Cefi) and DEX (Defi) ... triangular arbitrage

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I come from crypto world ... very fresh now in Forex. Hello everybody.

Would be veryvthsnkful getting some hints.

Could you name the top10 or top 5 Prop firm brokers pls which are on the way to combine crypto trading with Fiat currencies ? 

Is it possible to connect with such by using own Virtusl Private Server to host MT5 (or MT4) ?

My special interest is for solutions and data work flows which can integrate triangular arbitrage trading into the forex software.

Can MT5 (or MT4) establish arbitage bots ? - Or does it need kind plugins as EA so seen such online for around 300-1200 Euro.

To give an example: E.g. buying SwissFranken at London Foŕex from Euro depot, take these CHF to Honkong Forex ex, swap into Hongkong Hollar, take the HKD to buy Turkish Lira and sell TYL back with profit into Euro.

Can such cycles be automated with a bot ?

As I know the crypto market well, e.g. it would be intersting to get the software optimized for combining Forex (Cefi) with crypto trading (Defi) I am registered on different centealized and decentralized exchsnges (e.g. Binance, coinbase, bitmex, huobi, kucoin, bitsgap, okx and others) .... 

E.g. in upper case, taking the Turkish lira (or another exotic currency like Soth Korean Wong) to  buy a cypto token like XRP, and sell this token to reCeive HKD and then repeat the cycle again HKD - TYL - XRP - HKD before selling back on Forex to cash out in Euro.

Tks in advance giving orientation. Happy Trading!
 
LG082023:
I come from crypto world ... very fresh now in Forex. Hello everybody.

Would be veryvthsnkful getting some hints.

Could you name the top10 or top 5 Prop firm brokers pls which are on the way to combine crypto trading with Fiat currencies ? 

Is it possible to connect with such by using own Virtusl Private Server to host MT5 (or MT4) ?

My special interest is for solutions and data work flows which can integrate triangular arbitrage trading into the forex software.

Can MT5 (or MT4) establish arbitage bots ? - Or does it need kind plugins as EA so seen such online for around 300-1200 Euro.

To give an example: E.g. buying SwissFranken at London Foŕex from Euro depot, take these CHF to Honkong Forex ex, swap into Hongkong Hollar, take the HKD to buy Turkish Lira and sell TYL back with profit into Euro.

Can such cycles be automated with a bot ?

As I know the crypto market well, e.g. it would be intersting to get the software optimized for combining Forex (Cefi) with crypto trading (Defi) I am registered on different centealized and decentralized exchsnges (e.g. Binance, coinbase, bitmex, huobi, kucoin, bitsgap, okx and others) .... 

E.g. in upper case, taking the Turkish lira (or another exotic currency like Soth Korean Wong) to  buy a cypto token like XRP, and sell this token to reCeive HKD and then repeat the cycle again HKD - TYL - XRP - HKD before selling back on Forex to cash out in Euro.

Tks in advance giving orientation. Happy Trading!

You should understand forex market and the fact, forex is a whole new level. - When coming from crypto, its like comparable with Lego Duplo to Lego Technics...

Arbitrage will mostly not work on forex, because you (your software) is too slow. And it has lots of hidden risks to it, much more than it is in the crypto space.

https://www.mql5.com/en/code/15708

Arbitrage Synthetic
Arbitrage Synthetic
  • www.mql5.com
A trading robot for performing arbitrage between EURGBP and its synthetic quotes (triangular arbitrage).
 

Hello, Dominik Ch. E. !


tks for your feedback and critical approach. I am very aware about the "crypto legos", so I like to say it. A very unregulated market with lots of shady figures who run crypto casinos and where illegal activities with an exeptional criminal behaviour (e.g. Miners use insider knowledge to run MEV bots) within web3 coders is "daily business". I suppose so long its an unregulated market, we will see such wild-wild-west methods.

So here I am and I like to learn ... :-)  nearby 6 decades on this planet I think I have the skills to filter quickly what is the right path to go.

 
LG082023 #:

Hello, Dominik Ch. E. !


tks for your feedback and critical approach. I am very aware about the "crypto legos", so I like to say it. A very unregulated market with lots of shady figures who run crypto casinos and where illegal activities with an exeptional criminal behaviour (e.g. Miners use insider knowledge to run MEV bots) within web3 coders is "daily business". I suppose so long its an unregulated market, we will see such wild-wild-west methods.

So here I am and I like to learn ... :-)  nearby 6 decades on this planet I think I have the skills to filter quickly what is the right path to go.

Very good, welcome to the exciting world of leveraged trading....

I suggest you start out with learning to find a suitable broker. - Do research about it, this world as is well filled with scams and shady offerings. - And FIAT money is transfered, you have no control over it. - little bit different to Crypto, where you are the holder of the key to your funds. - Here it is the broker, you have to trust.

(google forex peace army)


After you found a broker, that suits your needs, open a demo account, learn the basic math about leveraged trading and margin accounts. - Learn the symbols specifications. Begin your first trades on a demo account. Feel how it works. If you think you are comfortable, get ready to blow your first account. - Every trader has blown his first account. Most traders blow at least 3 accounts. - So start small, use some "play-money" and check if your broker keeps the promise.

If you have questions come back to this or other forums.


Have a nice start.

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