Arbitrage Synthetic
This is a powerful addition to your MetaTrader 5 toolkit designed to optimize market analysis and performance. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use Arbitrage Synthetic
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
Description & Settings
An example of an Expert Advisor, which compares EURGBP to a synthetic equivalent and trades in the direction of a delay in quotes following an original logic (one-leg arbitrage). The delay is calculated for each currency pair: EURGBP, EURUSD, GBPUSD.
A deviation in points from a synthetic equivalent and the minimum time lag (how long the deviation lasts) are set for each pair.
Now brokers offer high-quality and fast quoting, therefore this simple arbitrage has low (or zero) efficiency in real conditions. However, the original strategy can be used as an example to create your own strategies.
Testing should be performed on
real ticks
. Check the screenshot for the example of settings.
