Close in profit? What does that mean? How much profit - 1 pip, 100 pips?
Triangular Arbitrage 16 replies
Triangular Arbitrage 251 replies
Triangular Arbitrage and carry trade 6 replies
Triangular Arbitrage 7 replies
Disliked@subheadSeven There are 2 EA groups. The one that says "avoid Fridays" will not open trades on Fridays. Otherwise they are the same. The EA that avoid Fridays will have a smaller drawdown of about 18% at worst, while the other one will get stopped out at 25% from time to time (2 time in 2 years), but trading on Fridays does produce a massive amount of extra profit. Still not nice to see your account drop 25% at once, even though you know it will rise 100% the next 3 months. Your heart remembers the losses more than the wins. WOW and thanks for the...Ignored
Disliked@shiva Thanks Shiva. I just added the metatrader 4 version for you. One more thing. My code is using a maximum spread limit of : GBPJPY=0.040 GBPUSD=0.00030 USDJPY=0.070 Anything bigger and it will not open a trade. Therefore a commission account is better. I will later adapt it to use a bigger spread for non commission brokers or for whatever reason. . {file}Ignored
DislikedI do not have funds to test this live, but demo testing seem quite good.Ignored
Disliked{quote} You could start your live journey with as little as $10 (equivalent to $1000 on a standard account) on a micro account. Good luck!Ignored
Disliked@kosmo. Thanks, but this strategy is not very effective below $1000 on a 200:1 leverage. I suggest $10,000. Might be better on a higher leverage so I will find another higher leverage broker to test it later. Still. $10 + $40 per month for VPS. Is a lot for me. Does not mean I will not stop pondering this strategy and EA , even if I do not have the funds to actually use it Maybe someone could find a use for it Pay it forwardIgnored
Disliked@subheadseven You do have a point there. $100 will be about $1000 in one year if all goes well. $40 x 12 for the vps=$480 Therefore I need $580 at least to do this for one year and it still need to run another 8 months to get to the $10,000 stable mark. Therefore about $900. The myfxchoice vps becomes free if your trade volume is enough so at $1000 you might get a big enough trade volume to get a free fast vps. Still. $900 = about R15,300 for me. Which is beyond my means. I did think about it Im a math geek you know ...Ignored
Disliked@kosmo Thanks kosmo. You are right Just do not try it using this EA as it is hardcoded for 0.01 lots. But I would love to try it. What broker do you suggest that is trustworthy with 500:1 and 0.001 lot size ? That will still only take it down from $10,000 to $1000, but still a massive improvement. I was looking at oanda some time ago, but their charge $ to use their custom API I also do not know if oanda is trustworthy so far. But wow they do have the lowest lot sizes. As for the free amazon web services. Could work, but...Ignored