tardio bot
Info
The tardio bot is a Expert Advisor for MetaTrader 5 that ea overviewtardiobot v1. 05, named after a defiant historical figure, giuseppe tardio, is an expert advisor designed for metatrader 5 that employs a triangular arbitrage strategy.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use tardio bot
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.
What this tool does
ea overviewtardiobot v1.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: brakeout trader - another powerful expert for MetaTrader 5 traders.
ea overview
tardiobot v1.05, named after a defiant historical figure, giuseppe tardio, is an expert advisor designed for metatrader 5 that employs a triangular arbitrage strategy. this ea identifies and capitalizes on price discrepancies among three currency pairs to facilitate profitable trading. it continuously monitors bid and ask prices, computes arbitrage ratios, and executes simultaneous trades when opportunities surpass predetermined thresholds, while also considering spreads and commissions.
Also recommended: exp pf e - similar expert with strong performance on MetaTrader 5.
the functionality of tardiobot includes support for six predefined arbitrage trios, such as eur/usd, gbp/usd, and eur/gbp. it dynamically updates price data with precision tailored to each symbol, validates lot sizes across all symbols in the trio, and accounts for individual commissions and spread costs. additionally, the ea is programmed to close stale trades after a user-defined period, log arbitrage opportunities and trade details to a file, and implement safety checks for equity, margin, and extreme ratios. the supported arbitrage trios encompass combinations like eur/usd, gbp/usd, and eur/gbp, as well as gbp/usd, usd/jpy, and gbp/jpy, among others, ensuring a robust framework for effective trading strategies.please be aware: this ea is not designed for live trading. increasing lot sizes could eventually lead to a complete loss of your balance. it is intended for demo and strategy testing only. the code requires significant updates before it is suitable for live trading. consider it a work in progress and feel free to make improvements.
You may also like: piano - excellent alternative for expert users on MetaTrader 5.
Source Code
яю//+------------------------------------------------------------------+
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.05"
#include <Trade\Trade.mqh>
CTrade Trade;
enum ArbitrageTrio {
TRIO_EURUSD_GBPUSD_EURGBP = 0, // EUR/USD, GBP/USD, EUR/GBP
TRIO_GBPUSD_USDJPY_GBPJPY = 1, // GBP/USD, USD/JPY, GBP/JPY
TRIO_EURGBP_GBPCHF_EURCHF = 2, // EUR/GBP, GBP/CHF, EUR/CHF.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.