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Arbitrage between 2 brokers

  • #161
  • Dec 20, 2011 10:01pm Dec 20, 2011 10:01pm
There's a lot that can be improved. This error you're getting is one.

What happened is that the order was put in w/ the TP too close to the opening price.

It's something that retail brokers use called "freezelevel". Search Google for "what is freeze level" forex. It's hard to explain.

I thought I caught it, evidentually not.

Quoting Fabio69
Hi nondisclosure,
I tried now between Alpari Na IBFX.
On Alpari it entered a buy with TP=1 pip successfull.
On IBFX I got the following error:
2011.12.21 01:02:38 EURUSD terminal_2 EURUSD,M1: Last Error on Short entry is: 130

Anyway I think it's a great EA ;-) I'm studying the code because I think there are somethind that can be improved.
Great job
Fabio
  • #162
  • Dec 22, 2011 6:43am Dec 22, 2011 6:43am
Quoting nondisclosure00
There's a lot that can be improved. This error you're getting is one.

What happened is that the order was put in w/ the TP too close to the opening price.

It's something that retail brokers use called "freezelevel". Search Google for "what is freeze level" forex. It's hard to explain.

I thought I caught it, evidentually not.
I think you are right, but the strange thing is why on Alpari it enters the trade? If the problem is on freezelevel there should be the same on Alpari isn'it?
In fact what's is shown on EA comments on both brokers : FreezeLevel=0.

Just another question :
with your EA are you betting on winning on both brokers ?
I should expect that if you win on 1 broker , the other one is loosing.
There should be a Close order on both brokers as soon as the profit between the 2 brokers is positive .
I do think that we should implement some of the strategies applied by Jason Fileder in his ForexArb.
I prefer to PM if it's ok for you.
Krgrds
Fabio
  • #163
  • Dec 22, 2011 2:10pm Dec 22, 2011 2:10pm
Freeze level varies from broker to broker.

In theory, you should win on both as both move to close the gap between them. Doesn't always happen.

As far as Jason's "paid" app, check here: http://www.forexfactory.com/showthread.php?t=331106

Quoting Fabio69
I think you are right, but the strange thing is why on Alpari it enters the trade? If the problem is on freezelevel there should be the same on Alpari isn'it?
In fact what's is shown on EA comments on both brokers : FreezeLevel=0.

Just another question :
with your EA are you betting on winning on both brokers ?
I should expect that if you win on 1 broker , the other one is loosing.
There should be a Close order on both brokers as soon as the profit between the 2 brokers is positive .
I do think that we should implement some of the strategies applied...
  • #164
  • Mar 14, 2012 6:06am Mar 14, 2012 6:06am
Anyone still playing with this out there??? Latest comments, experience appreciated. Jack
  • #165
  • Mar 14, 2012 2:35pm Mar 14, 2012 2:35pm
I've stopped development on this to help out the development on this one: http://www.forexfactory.com/showthread.php?t=331106

Quoting JumpJack
Anyone still playing with this out there??? Latest comments, experience appreciated. Jack
  • #166
  • Mar 14, 2012 2:43pm Mar 14, 2012 2:43pm
Can we test /see the advance?

Thanks..



Quoting nondisclosure00
I've stopped development on this to help out the development on this one: http://www.forexfactory.com/showthread.php?t=331106
  • #167
  • Mar 14, 2012 3:26pm Mar 14, 2012 3:26pm
I'm not sure I understand what you're asking.

I'm old and blonde.

Quoting AlbertoFX
Can we test /see the advance?

Thanks..
  • #168
  • Aug 7, 2012 10:54am Aug 7, 2012 10:54am
Hello...sir...!!! i have put this arb ea on hot forex and think forex,but i got error 130 on both mt4.what to do?? thanks.
  • #169
  • Sep 14, 2012 11:43am Sep 14, 2012 11:43am
what is latest development on this project
  • #170
  • Sep 14, 2012 1:33pm Sep 14, 2012 1:33pm
See post #165

Quoting pravin_moule
what is latest development on this project
  • #171
  • Oct 2, 2012 12:57am Oct 2, 2012 12:57am
Hello Sir,

Pls guide me setup and use your ARB _ EU Program, i can not setup.

Thank you very much
  • #172
  • Oct 3, 2012 2:05pm Oct 3, 2012 2:05pm
Hey Nondisclosure00,

How do I change the TP for Arb-EURUSD?

Quoting nondisclosure00
First, I would like to say that I have found an over-abundance of information here on FF. I hope this helps other people in their Arbitrage journey.

Now, I've included a zip file that has the necessary components for Arbitrage EURUSD between IBFX and Alpari (you can use any 2 brokers you like, you just need to remember which is which).

Instructions for installing are in the zip file. I've also included a zip file in the zip file that has the Visual Studio 2010 source code for the dll.

What I'm hoping here is that we can improve on this....
  • #173
  • Nov 4, 2012 10:58am Nov 4, 2012 10:58am
Any updates on this subject
  • #174
  • Nov 10, 2012 9:34pm Nov 10, 2012 9:34pm
Quoting Ultimate6
I'm playing around with the following formula. If anyone wants to help me out with refining or ideas about it.

Profit = (Bid2_open - Ask1_open + Bid1_close - Ask2_close) * Amount
Can you elaborate on this formula. How to use it and what do you refer to amount to be?
  • #175
  • Nov 11, 2012 3:06am Nov 11, 2012 3:06am
Quoting fab4x
Can you elaborate on this formula. How to use it and what do you refer to amount to be?
You look for the event where (Broker1 Bid - Broker2 Ask) crosses a threshold you set then assuming the price will align again you jump into a trade. Amount is the quantity traded.
  • #176
  • Nov 11, 2012 9:31am Nov 11, 2012 9:31am
Quoting fab4x
Can you elaborate on this formula. How to use it and what do you refer to amount to be?
Bid2_open - Ask1_open + Bid1_close - Ask2_close

Is Bid2_open the bid price and Ask1_open the Ask price
Bid1_close the ask price and Ask2_close the bid price
  • #177
  • Nov 13, 2012 3:40am Nov 13, 2012 3:40am
Quoting fab4x
Bid2_open - Ask1_open + Bid1_close - Ask2_close

Is Bid2_open the bid price and Ask1_open the Ask price
Bid1_close the ask price and Ask2_close the bid price
Hows the Progress on this one..
  • #178
  • Jan 23, 2013 12:08pm Jan 23, 2013 12:08pm
Quoting Ronald Raygun
Already did it using Excel VBA.

Takes 600ms round trip (incoming quote to trade decision).

Did it in MQL, takes 200ms round trip. I used the named pipes example mentioned here (http://www.forexfactory.com/showthre...47#post4134147)

Doing it in C#, takes 150ms round trip.

Trying to do it in assembly--aiming for 15ms round trip.

My advice, Jason Fielder's method is juvenile, more benefits can be had if you build your own.
Has anyone created an excel spreadsheet where you can manually enter pairs along with the bid/ask and have it return profitable opportunities for arbitrage? This is just for self-study and obviously not for actual trade purposes. I've been trying to figure out how to go about creating this in excel and it's doing my head in.

Thanks!
  • #179
  • Jun 22, 2013 9:06am Jun 22, 2013 9:06am
  •  Fme
  • | Joined Jun 2013 | Status: Trading Binary Options | 6 Posts
I would like to share my input on this.

As with all arbitrage, even in sports betting, it works fine and great in theory.
In practical?
You will lose money.
Its not as "risk free" as you think.

There are many many many factors, which i am too lazy to type out at this point.

But i have tried, and i can tell you, dont waste your time, money and hope.
Yes each time you put your hope on something and it fails, it demoralise you.
So dont waste your hope on this.
Waste it on something else. hahhaa
Binary Options Vs Forex .....
  • #180
  • Dec 29, 2013 6:35am Dec 29, 2013 6:35am
Quoting Fme
But i have tried, and i can tell you, dont waste your time, money and hope.
You probably had no right tool and/or approach to do arbitrage, but it doesn't mean it is not doable.
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