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My Own Broker Arbitrage

  • #321
  • Feb 7, 2012 12:51pm Feb 7, 2012 12:51pm
Go to 10 brokers. You won't be putting in as many trades to trigger "attention" then.

Quoting Iceworld79
I used 4 brokers, one of them is ECN. eventually, all brokers became against me. I guess what you were talking is what they were doing. I've stopped my live testing until some new thoughts come in.
  • #322
  • Feb 7, 2012 1:41pm Feb 7, 2012 1:41pm
Quoting nondisclosure00
Go to 10 brokers. You won't be putting in as many trades to trigger "attention" then.
thanks, nondisclosure00. That might be helpful. But one observation I had is that the opportunity trends to focus on 2 brokers (in my case). I think the reason is these brokers manipulate price a lot. you found many fake ones. With 10 brokers, it should help, but I am afraid that same thing may happen. Let's see.
  • #323
  • Feb 7, 2012 2:32pm Feb 7, 2012 2:32pm
There's a weeding out process that needs to be done to get to 10 "trustworthy" brokers.

I'd ask everyone who's playing this on live accounts of any kind to keep track and share who you find are trustworthy.

Quoting Iceworld79
thanks, nondisclosure00. That might be helpful. But one observation I had is that the opportunity trends to focus on 2 brokers (in my case). I think the reason is these brokers manipulate price a lot. you found many fake ones. With 10 brokers, it should help, but I am afraid that same thing may happen. Let's see.
  • #324
  • Feb 7, 2012 4:13pm Feb 7, 2012 4:13pm
Quoting Iceworld79
thanks, nondisclosure00. That might be helpful. But one observation I had is that the opportunity trends to focus on 2 brokers (in my case). I think the reason is these brokers manipulate price a lot. you found many fake ones. With 10 brokers, it should help, but I am afraid that same thing may happen. Let's see.
Better yet, try only ECN brokers instead of Market Makers. I think you'll still get arbs but less frequent. Once you get the trade, it is solid with least amount of slippage.
  • #325
  • Feb 8, 2012 8:15am Feb 8, 2012 8:15am
Quoting FXEZ
Highlighted some particularly interesting comments regarding the mechanics of the broker prices we see vs. the actual prices they receive from their suppliers.

It doesn't even take 100 transactions in a single day to alert the broker. A consistent pattern of (small) profits over a couple of weeks will do it given even 5-15 trades per day, particularly if those trades are small or the holding period is small. But if you're making $$$, you're on the radar regardless of the strategy employed.

Given how easy it is to create a report and to sort that...
I agree with you, it is extremely easy for a brokers to make reports and Analise them. And they do in a continuous basis. But it seems you still are under the impression that "all" brokers hold "all" the orders from their clients. Therefore, if we win they lose. Yes, those exist. They are the real bucket shops. But they are the few and do not last long. They are rather ponsi schemes in need of new clients all the time to steal from them. Please forget about them. Stay with the majors or with Banks.

But that is not the financial model of the rest of them. To stay in business they must reduce their exposure passing the risk to the banks. In their ECN section they pass 100%, in their MM section goes from 100%, to whatever risk they choose to take. (by the way, if a broker offers ECN, it is a very good sign and hint they are for the long run)

Sure, they know who is making money and losing money. But when doing analysis they arrange the spreadsheet according to how much the client is making for them... not what client makes. ..... And guess what? The clients that makes the most for the brokers in a consistence basis, are the one that are making money for themselves... so, If we stay in the ballpark of how much they should make according to our volume we are ok. But if our transactions are merely a break-even, or loss for them, regardless of the money we might be wining or losing. They may not want us there. It is very simple to understand.

Don't remember if you or some else very wisely started in a previous post... the whole darn problem with these arbs type software is that we cant teach them to differentiate between .. say. a "pure" arb , or merely taking out the broker's piece of the pie.

.
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  • #326
  • Edited Feb 9, 2012 12:47am Feb 8, 2012 10:42pm | Edited Feb 9, 2012 12:47am
Hi.. i had this idea couple of months ago but i couldnt find any info exactly what i want.

When i did more research lately ive found this thread by Ronald_Raygun which is exactly what im looking for. When i attached slave script i got this message

Hopefully someone help me in this case..
  • #327
  • Edited Feb 9, 2012 12:47am Feb 8, 2012 10:55pm | Edited Feb 9, 2012 12:47am
As an addition..

I did try to do the steps as mention on Ronald_Raygun webinar..

1st : I attached Slave script on slave broker

2nd : I attached master script on master broker

On the top left corner the running... moving.. (blinking)
3rd : I put my slave name on the "Change Me to the slave name" objects

then it stop

I did attach the slave script into the master broker and put the name on to the master script.

Here is the final result
  • #328
  • Feb 9, 2012 12:03am Feb 9, 2012 12:03am
There should be a reference to hPIpe in the experts tab. What value is it?

Most of the 'hanging' problems are issues with the scripts not being able to see the named pipe.
  • #329
  • Feb 9, 2012 12:47am Feb 9, 2012 12:47am
I just want to make sure and confirm that this is what i get, i dont know wether it is right,,

The MT4 on the right is the master
  • #330
  • Edited 1:06am Feb 9, 2012 12:51am | Edited 1:06am
Upss.. forgot to attach,,


The problem is i dont get any price data on the Master Script (On the left side of the chart)

is that normal ?
Attached Image (click to enlarge)
Click to Enlarge Name: combined.png Size: 323 KB
  • #331
  • Feb 12, 2012 3:10am Feb 12, 2012 3:10am
When it start working in live accounts plz PM me.
thanks
  • #332
  • Feb 22, 2012 6:05am Feb 22, 2012 6:05am
RR,

I have a fair amount of C# programming experience and think I might be able to help out with this project. I've read the entire thread (whew...) and performance seems to be something that could be tweaked a bit.

I am mostly a lurker on this board so I can't PM you but please contact me to discuss further.

Jason
  • #333
  • Mar 1, 2012 3:50am Mar 1, 2012 3:50am
HI RR,
have you already managed to solve the closing orders issue?
cheers!
  • #334
  • Mar 1, 2012 5:09am Mar 1, 2012 5:09am
Quotes for real accounts have been really crappy for arbs for the last 15 days, all across major banks-->brokers.

Not a lot a volume, few prices available, thus everybody has same prices.

Market Makers, like usual show prices in between due to their clients pools but most of the time when trying to execute they take me right up or down to the real pricing (requote).

Anybody trying this in real accounts for the last 15 days probably facing same problem. Last Tuesday was ok but now back at the same.

J.
  • #335
  • Mar 1, 2012 6:37am Mar 1, 2012 6:37am
Quoting jeuro
Quotes for real accounts have been really crappy for arbs for the last 15 days, all across major banks-->brokers.

Not a lot a volume, few prices available, thus everybody has same prices.

Market Makers, like usual show prices in between due to their clients pools but most of the time when trying to execute they take me right up or down to the real pricing (requote).

Anybody trying this in real accounts for the last 15 days probably facing same problem. Last Tuesday was ok but now back at the same.

J.
Jeuro,

U use the EA of Ronald in live ?

U haven't latency on executions orders ?
  • #336
  • Mar 1, 2012 9:18am Mar 1, 2012 9:18am
Quoting surfeur
Jeuro,

U use the EA of Ronald in live ?

U haven't latency on executions orders ?
Hello surfeur:
I am not using Ronald's. I am using a commercial software in behalf of one of my clients in live accounts.

Not sure what latency you are asking.
It will always be latency in executions. I have ping average below 100ms to all the brokers I use. I assume I get executed below 250ms because I have set 250 max loop time to cancel orders automatically. The real time I don't know because I run the software in a complete stealth mode that I don't even get logs for myself.

J
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  • #337
  • Mar 6, 2012 6:43am Mar 6, 2012 6:43am
Quoting jeuro
Hello surfeur:
I am not using Ronald's. I am using a commercial software in behalf of one of my clients in live accounts.

Not sure what latency you are asking.
It will always be latency in executions. I have ping average below 100ms to all the brokers I use. I assume I get executed below 250ms because I have set 250 max loop time to cancel orders automatically. The real time I don't know because I run the software in a complete stealth mode that I don't even get logs for myself.

J
.
I can ping at 10 ms (Using CNS vps) to some brokers but execution is averageing 400-500 ms.

are u using a VPS? and if so which one ?

thanks
natal
  • #338
  • Mar 6, 2012 11:56pm Mar 6, 2012 11:56pm
Hello Natal:

I don't use a vps for arb'ing. I have good connection at home and most of the brokers/server I use are relatively close, 2 of then are less then 300km.

I will say 400-500ms execution is quite good. In my case I filter a lot.
I get a lot more canceled order but the ones that go thru are good from the opening.


J.
.
  • #339
  • Mar 7, 2012 9:44am Mar 7, 2012 9:44am
Hi J

Thank u for your reply... I presume that you are in the UK?

By the way are u doing Forex arbs only or have tried CFDs too?

Is the software taht u r using avaiable to the Public?

Regards
natal
  • #340
  • Mar 30, 2012 1:14pm Mar 30, 2012 1:14pm
Has anyone experimmented with this method of arbitrage:

1. Use a level2 arbitrage calculator to find opportunities

2. buy EURUSD, sell EURGBP and sell GBPUSD

3. Profit

The difference would have to be more than the spread over the 3 trades.

Anyone done this in the old days and does it still work now?
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