I was observing the GBP/USD on two broker MT4 platforms during the NFP this morning. 1st broker has fixed spread = 3pips, 2nd broker widens spread = 12+. During normal market conditions, they are within 1pip of each other, and the 2nd broker has a spread of 4-5 pips. This morning ,after the release, I noticed a huge gap between the two brokers. For instance:
At the same exact time/second:
1st broker: 1.9912/1.9915
2nd broker: 1.9871/1.9883
The 1st broker increased their pricing before the 2nd broker. What I would have liked to do was, at that instance, simultaneously, Buy at the 2nd broker at 1.9883 and sell at the 1st broker at 1.9912. When the market calms down and the spreads go back to normal, wheather it be 2 min or 2 hours, it doesn't matter, I would close both positions with both brokers simultaneously. I have noticed these quote discrepancies on numerous occassions. The end result would have been +31 pips.
Here's what I need, and can anyone program it?:
I need a program that will observe the pricing on both platforms and when the difference between the lowst ask price of both brokers and the highest bid price is greater than 15 pips (you can make this what ever you want), place those orders.
Here's the catch. In order for this to work and not screw us, the orders need to be filled instantly at those prices. I was thinking a limit order would work better, versus a market order.
What are your thoughts, comments, feedback?
At the same exact time/second:
1st broker: 1.9912/1.9915
2nd broker: 1.9871/1.9883
The 1st broker increased their pricing before the 2nd broker. What I would have liked to do was, at that instance, simultaneously, Buy at the 2nd broker at 1.9883 and sell at the 1st broker at 1.9912. When the market calms down and the spreads go back to normal, wheather it be 2 min or 2 hours, it doesn't matter, I would close both positions with both brokers simultaneously. I have noticed these quote discrepancies on numerous occassions. The end result would have been +31 pips.
Here's what I need, and can anyone program it?:
I need a program that will observe the pricing on both platforms and when the difference between the lowst ask price of both brokers and the highest bid price is greater than 15 pips (you can make this what ever you want), place those orders.
Here's the catch. In order for this to work and not screw us, the orders need to be filled instantly at those prices. I was thinking a limit order would work better, versus a market order.
What are your thoughts, comments, feedback?