StealThePip Demo Account Journal

Based on H4 Chart
I saw that USDCAD form a Hns Pattern
Sell 0.02 USDCAD @1.31859
Stop loss @ 1.3250
Risk : $9.73
with TP level @ 1.3050
Reward : $20.63

H1 EURUSD W pattern
Buy 0.01 EURUSD @ 1.12628
SL 30 pips TP 60 pips
Buy 0.01 EURUSD @ 1.12610
SL 30 pips TP 60 pips
Risk total 30pips x 2 = $6
Total potential Reward =$12(60 pips)

UCAD Hit Risk -9.73
EU Still running

EURGBP m15
Sell the EURGBP because of the engulfing pattern with risk @ 0.73821
TP 0.73341
Risk in $ = 2.43
TP in $ = 4.89
Total Risk = 2.43+6
Total potential reward = 12+4.89

EURGBP Hit TP, nice

Find nice Setup to sell AUDNZD
with SL @ 1.12638
TP 1 @ 1.07764
TP 2 @ 1.065
TP 3 @ 1.05177
Tp 4 @ 1.04172

Its time to cut loss my AUDNZD trade and try diffrent apporach

i am gonna try triangular arbitrage

Triangular Arbitrage is one of the forex trading strategies utilizing the imbalance value of the three currencies,
Example : GBP / USD, EUR / GBP, and the EUR USD,
the formula = GBP / USD x EUR / GBP = EUR / USD,
if the conditions are GBP / USD x EUR / GBP # EUR / USD,
then the triangular arbitrage opportunities arise.
This strategy practiced manually is difficult, because of the scarcity of opportunities that arise, and need the speed and timing to execute the order, because it is usually run by using softaware.

Here is my basic concept
Triangular Arbitrage
Currency formula (CF):
GBP / USD (GU) x EUR / GBP (EG) = EUR / USD (EU
Description :
GU price multiplied by EG must be equal to the EU
The Triangular Arbitrage Formula(TAF):
GU x EG # EU
Description :
Triangular Arbitrage arises if:
GU price multiplied by the price of EG is not the same as the price of the EU at the time
Entry Rule:
1. If the EU CF> EU TAF by a margin of at least 12 pips then we open trades: EU buy, sell EG, & sell GU
2. If the EU CF <EU TAF by a margin of at least 12 pips then we open trades: EU sell, buy EG & buy GU
3. We will not open trades if the difference is less than 12 pips
Lot used in TAF for each currency:
1. EU = 1 x lot (mini, standard)
Examples 0.10 or 1.0
2. EG = appropriate price at the time GU x lot (mini, standard)
Sample price GU 1.6381 then we open 0:16 or 1.63
3. GU = appropriate price at the time EG x lot (mini, standard)
Examples EG 0.7210 price then we open 0.72 or 7:21
Exit Rule there are 2 options:
1. Take Profit with the following calculation: the difference in pips (ex: 12) - total third spread currency (ex: fx version 8 open) = profit (4) x lot (1) = $ 40
2. Exit when price is in conformity with the CF
Sample case Using tickmill brokers
Prices on the chart, namely: GU 1.6381, EG 0.7210 and 1.1823 EU,
with spreads are 1.3 for EURUSD, 1.7 for GBPUSD , and 2 for EURGBP
and then triangular arbitrage opportunity appeared, because GU x EG # EU.
Value EU CF is supposed to 1.1811 due to the smaller than EU TAF by 12 pips,
then we open trades sell EU, buy EG and buy GU
With the lot size EU 1,
EG 1.63 (according to the price GU)
and GU 0.72 (according to the price EG that time )
We will take profit formula pips difference minus the total spread, ie 12-5 = 7 x 1 lot = $ 70



But i will do it with a twist
Instead i am wait the triangular opportunity
i will enter trades blindly, no analyzing anything
and only with this lotsize formula
XXX/USD = 1
YYY/USD = Lot size depend of XXX/YYY Price
XXX/YYY = Lot Size depend of YYY/USD price

Open 2 account and comparing my Triangular Arbitrage
one triangular is Sell EG
and another one is buy EG
let us see what gonna happen

the result so far ,
one account minus one account in profit

intresting