NewGenEA Lite MT5
New Generation EA MT5 (Lite VERSION - Run on Real Account with Limited Volume)
Trades based on Triangular Arbitrage strategy. Triangular arbitrage (also referred to as cross currency arbitrage or three-point arbitrage) is the act of exploiting an arbitrage opportunity resulting from a pricing discrepancy among three different currencies in the foreign exchange market. A triangular arbitrage strategy involves three trades, exchanging the initial currency for a second, the second currency for a third, and the third currency for the initial. During the second trade, the arbitrageur locks in a zero-risk profit from the discrepancy that exists when the market cross exchange rate is not aligned with the implicit cross exchange rate.
Advantages of EA :
- The EA is Smart and adjusted professional inputs for best result. Only key inputs can be change by user, thus using EA is very simple and
- The EA can work on over 60 pairs in the same time.
- The EA can calculate maximum allowable volume of positions according to account deposit and leverage.
- The EA can work on any symbol and any time frame.
- Both Hedge and Netting accounts supported.
- High leverage accounts can make higher profits.
- The EA is sensitive to broker order execution time. Thus before buying full version, test EA according to test procedure below.
- Using VPS can help you to make better profits.
Using EA :
Input Parameters Are :
- Symbols for trade: You can add all your desired symbols for trading. Only 6-Character symbols without any prefix or suffix are supported with comma separating. make sure that all symbols you entered is added to market watch on metatrader terminal.
- Prefix : If you symbols has prefix, enter this input.
- Suffix : If your symbols has suffix, enter this input.
- Magic Number (ID) : ID of EA (any unique number)
- Volume Percent (1~100) : Percentage of maximum volume. Maximum volume is calculated smartly based on your account free margin and leverage.
- Delta to Start Trade : Delta Points to start trade. Default is 100 (enter 10 for 4digit accounts). You can adjust this parameter with optimization.
- Delta to Close Positions : Delta Points to close Position. Default is-30 (also can use positive inputs.). You can adjust this parameter with optimization.
Testing Procedure (VERY IMPORTANT) :
- Download Free Version of EA NewGenEA Free MT5.
- Test EA with Strategy Tester (Backtest). Start testing with low deposits (50 or 100 or ...). High leverage can make high profits.
- If Test results of stage 2 is OK, attach the EA (demo version) to a chart on a demo account. The EA work fully with demo accounts. Wait some days.
- After some days if the results of trading on demo account is desirable, download and rent Lite Version and trade on real account with low deposit for some days.
- If trading results of stage 4 is successful, now you can buy full version and continue trading.
- If above trading and testing procedure is unsuccessful on any stage, change your broker and try on another broker.
- NewGenEA MT5, NewGenEA MT4 : Full Version
- NewGenEA Lite MT5, NewGenEA Lite MT4 : Run Real accounts with Limited Volume.
- NewGenEA Free MT5, NewGenEA Free MT4 : Run only on demo accounts.
If any question, you are welcome to ask, Barmas Group.