Triangle Arbitrage MT4
Triangle Arbitrage is a tick Expert Advisor designed base on triangle arbitrage, simultaneous trading on three symbols.
EURUSD, EURGBP, GBPUSD / AUDUSD, AUDNZD, NZDUSD / GBPUSD, GBPNZD, NZDUSD, ....
EA is designed for symbol xxxUSD. Not for USDxxx yet.
You can backtest this EA with version MT5: Triangle Arbitrage
- Symbol 1: first symbol is symbol of currency which first currency of Symbol 2.
- Symbol 2: cross symbol. Example: EURGBP, EURAUD, GBPAUD, AUDNZD...
- Symbol 3: third symbol is symbol of currency which second currency of Symbol 2.
- Suffix: suffix of symbol 1, 2, 3
- Lots: volume of Symbol 1. Volumes of Symbol 2, 3 are calculated base on Volume of Symbol 1.
- Open Level: condition to open orders. The smaller the value, then more numbers of order but more risk.
- Close Level : condition to close orders. The larger value the faster closure of an order.
- Take Profit: take profit by money
- Magic: magic of order
- Comment: comment of order
- Use the EA on broker having fast execution of orders. EA will write in log open/close prices of 3 symbol before open/close order to you compare prices on order after executed.
- Use the EA on broker having low spread.