Few days ago a guy who isn't even a professional trader but trades for fun (he is a programmer) showed me something interesting.
I had already heard about the concept of arbitrage in forex, triangular arbitrage and so on, but he wrote a software that compares different quotes from different brokers and when there is a discrepancy the software opens a trade and closes it when the price is aligned to the price of the other brokers.
For example 3 brokers quotes eur/usd 1.3500 and 1 broker 1.3490. Open buy 1.3490 and close 1.3500 Full auto
Would it be something doable in real market? (he said he didn't try...and he's not giving it away)
I was thinking about it because it would be risk free...
I had already heard about the concept of arbitrage in forex, triangular arbitrage and so on, but he wrote a software that compares different quotes from different brokers and when there is a discrepancy the software opens a trade and closes it when the price is aligned to the price of the other brokers.
For example 3 brokers quotes eur/usd 1.3500 and 1 broker 1.3490. Open buy 1.3490 and close 1.3500 Full auto
Would it be something doable in real market? (he said he didn't try...and he's not giving it away)
I was thinking about it because it would be risk free...