Arbitrage by IticSftoware | Forex Factory

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Arbitrage by IticSftoware

  • #1
  • First Post: Edited May 20, 2016 4:14am May 16, 2016 7:34am | Edited May 20, 2016 4:14am
Hi


i'm creating a group buy for the arbitrage software from Itic Software

http://offers.fxpartner.net/fix-api-...development-2/

look at the video it looks amazing !

price is $500 for 3 licenses
If we split in 3 that's $166 per person only!

compared to BumbleBee that is $999 for 1 license, it is really cheap!

If you're interested please contact me in PM

http://offers.fxpartner.net/wp-conte...screenshot.jpg

Jeff
  • #2
  • May 19, 2016 12:05pm May 19, 2016 12:05pm
Bump

that's a real money machine guyz!

Jeff
  • #3
  • May 20, 2016 1:24am May 20, 2016 1:24am
Quoting ionone
Hi i'm creating a group buy for the arbitrage software from Itic Software http://offers.fxpartner.net/fix-api-...development-2/ look at the video it looks amazing ! price is $500 fro 3 licenses If we split in 3 that's $166 per person only! compared to BumbleBee that is $999 for 1 license, it is really cheap! If you're interested please contact me in PM {image} Jeff
, the website says 3 license but only on 1 pc/vps, thus your clever idea will not work
  • #4
  • May 20, 2016 4:11am May 20, 2016 4:11am
I think you misread :
"(1 License = unlimited accounts, but only 1 PC or VPS)"

it means that you can use 1 license only on 1 PC or VPS, but with unlimited accounts, no? I'll ask them
  • #5
  • May 20, 2016 7:33am May 20, 2016 7:33am
This is a scam. Works on demo and that's it. I know these people. Don't make the mistake.
  • #6
  • May 20, 2016 7:45am May 20, 2016 7:45am
Why you say such BS may i ask? It's you're go-to sentence when reviewing an EA? As most EAs works in in demo but not in RT (slippage, requotes, etc) so you put that every time? That way you're 90% sure it will be right and everyone will think you're the most baddass trader on earth? lol

If you knew about this software you wouldn't not say that it doesn't work in Live trading. Of course it works, the problem is to withdraw the money!

If the broker catches you using arbitrage, and they doesn't allow it, they won't allow you to withdraw the money!

but you have to be clever, don't make $20 into $2000 in 1 night, that's supiscious! i knew a guy that was using Arbitrage software, and he did exactly that, with different brokers, and he would be surprised they would no let him withdraw! lol. Another newbie!

Jeff
  • #7
  • May 20, 2016 7:51am May 20, 2016 7:51am
Quoting ionone
Why you say such BS may i ask? It's you're go-to sentence when reviewing an EA? As most EAs works in in demo but not in RT (slippage, requotes, etc) so you put that every time? That way you're 90% sure it will be right and everyone will think you're the most baddass trader on earth? lol If you knew about this software you wouldn't not say that it doesn't work in Live trading. Of course it works, the problem is to withdraw the money! If the broker catches you using arbitrage, and they doesn't allow it, they won't allow you to withdraw the money!...
Bs??? I bought software from them before. So you can stick it!! If people want to give you money that's their problem. I just put the warning out.
  • #8
  • May 20, 2016 7:53am May 20, 2016 7:53am
ok, my bad, but i know some software that works. Maybe you didn't have enough latency on the slow broker?
  • #9
  • May 20, 2016 7:57am May 20, 2016 7:57am
or maybe too high commissions/spread? i suppose you need at max a cost of 10 points
  • #10
  • May 20, 2016 8:05am May 20, 2016 8:05am
and finally did you use a VPS?

anyway i'm interested in buying it from you if you want.

EDIT : and I just had the answer it's 3 different PC/VPS, so it's all good.
Jeff
  • #11
  • May 20, 2016 8:07am May 20, 2016 8:07am
Hi Ionone,

No, it's not working. The principal reason is because sometimes the fast broker correct the slow, and sometimes the slow broker correct the fast. The arbitrage can be in both side. So you can win and loss... and the spread + commission finish the work.

Regards,
GregV
  • #12
  • May 20, 2016 8:12am May 20, 2016 8:12am
"The slow broker correct the fast" LOL wow this thread is something
  • #13
  • May 21, 2016 12:38pm May 21, 2016 12:38pm
For those who wonder if it's legal or not, it's not illegal per say, but brokers don't like it and some don't allow it (like some don't allow scalpers)

it's a bit like martingale in casinos, martingale isn't illegal in itself, but if casinos spot you using this technique they will kick you and ban you.

I mean, it's not doing anything wrong, and for your info HFT (High Frequency Trading) uses these techniques and 70% of the market is ruled by HFT, so... Brokers don't like arbitrage but they use it behind our back of course...

PS: if someone want, i'll trade it for Neuroshell DT Power User

Jeff
  • #14
  • May 21, 2016 3:59pm May 21, 2016 3:59pm
We have made money with arbitrage EA during 2010-2011 time. we collect Accounts which is already have big loss ,then set the EA on the exiting Account.
that time, brokers only catch the system where this run with profitable account. so we will stop when the account come to net profit status .
Bye the way that is old story. right now it's only a "SELLING PRODECT" You can buy this EA and make Money on Demo Lol
  • #15
  • May 22, 2016 8:36am May 22, 2016 8:36am
I succeded in making some arbitrage between two MT4 with two different brokers : one fast and one slow. Only problem, it works only when there is a sudden big movement in the price : the fast broker server sees that, and he already knows that he is ahead by a few hundreds of ms then he makes the trade.

But there is so few of these occasions

With this kind of software and a feed like LMAX (I heard they would install a Rithmic feed soon which is faster than LMAX), it would work like a charm

Jeff
  • #16
  • Last Post: May 10, 2017 9:30am May 10, 2017 9:30am
Any update is this software work or just scam
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