Demo version of the Latency Arbitrage MT5 Expert Advisor
Limitations:
MT4 version of the Latency Arbitrage MT4 Demo Expert Advisor
? Telegram chat for questions and discussion:
Latency Arbitrage MT5 is a professional expert Advisor that automatically performs trading operations on the price difference between a slow MT5 broker and a fast MT4/MT5 broker (or several fast brokers). A situation where it is possible to predict future prices for a short period of time occurs when brokers have different liquidity providers, and a slow broker for a variety of reasons has a time delay in updating quotes (quotes hang/lag) compared to a fast broker. When this happens, the arbitrage trading robot can open an order on a slow broker in the direction of price movement on a fast broker and thus perform arbitrage trading operations.
MT4 version of the Latency Arbitrage MT4 Demo Expert Advisor
? Telegram chat for questions and discussion:
Latency Arbitrage MT5 is a professional expert Advisor that automatically performs trading operations on the price difference between a slow MT5 broker and a fast MT4/MT5 broker (or several fast brokers). A situation where it is possible to predict future prices for a short period of time occurs when brokers have different liquidity providers, and a slow broker for a variety of reasons has a time delay in updating quotes (quotes hang/lag) compared to a fast broker. When this happens, the arbitrage trading robot can open an order on a slow broker in the direction of price movement on a fast broker and thus perform arbitrage trading operations.
[spoiler title=”Read More…”]
As a slow MT5 broker, it is recommended to use standard accounts, rather than fast ECN/STP. To achieve the best results, the Expert Advisor should be placed on a VPS server as close as possible to brokers, in most cases they are located in Chicago, New York or London.
The best results can be obtained on a new, just opened broker, where there are no clients who use arbitrage yet. Finding relevant brokers where there are price lags is the main task of a trader, which he must do on his own (I do not provide a list of brokers where you can work as an adviser). To find a fast/slow broker, you can use the indicator Latency Arbitrage Indicator MT5
A full description of the functions and parameters is available in my blog at the link.
Installation, data analysis, and trading:
- The Expert Advisor or connector (Latency Arbitrage MT4 to MT5) is installed on the chart of the selected symbol simultaneously on several brokers on the same computer. On the lagging broker (presumably), specify the number (s) of the connected trading account (presumably the fast broker) in the ACCOUNT_NUMBER_1,2,3,4,5 field.
- If you did everything correctly, the Expert Advisor will start receiving and displaying various data from the current and all brokers connected to it. The data is displayed by the symbol that the Expert Advisor itself is set to. The button in the upper right corner is used to display/hide information. The red and yellow buttons (by default) are used to reset statistics and align quotes, respectively.
- After a while, the robot will accumulate enough statistics so that the trader can determine whether the quotes are late or ahead of the brokers connected to it. To facilitate this task, the chart displays the prices of the connected brokers in the form of lines.
- Set up the criteria for opening buy and sell orders, take into account the maximum / minimum deviation so that it covers the spread and commission of your broker.
- In order for the Expert Advisor to start trading, it must be allowed to use the data,the USE_DATA_FEED_1,2,3,4, 5 parameter. Select one or more brokers, depending on the analysis of the received data.
A full description of the functions and parameters is available in my blog at the link.
[/spoiler]