The Triangular EA Free vMT5 is a specialized product that employs the Forex Arbitrage strategy. This free version is primarily designed for trading on demo accounts. It’s worth noting that as an Arbitrage EA, it might not be compatible with all accounts, making it crucial to adhere to the testing process outlined in the product screenshots.
Working Mechanism of Triangular EA Free vMT5
The EA operates based on the Triangular Arbitrage strategy, which is also known as cross currency arbitrage or three-point arbitrage. This strategy exploits pricing discrepancies among three different currencies in the foreign exchange market, thus creating an arbitrage opportunity.
The operation involves three trades. The first trade involves exchanging the initial currency for a second. The second trade involves exchanging the second currency for a third. Finally, the third trade involves exchanging the third currency back to the initial one. The arbitrageur then locks in a profit from the discrepancy between the market cross exchange rate and the implicit cross exchange rate during the second trade.
Notable Features of Triangular EA Free vMT5
The EA comes with smart and professional inputs adjusted for optimal results. The user can only change the key inputs, making the EA user-friendly. The EA is capable of calculating the maximum allowable volume of positions based on the account deposit and leverage. It can function on any symbol and time frame and is compatible with both Hedge and Netting accounts.
High leverage accounts can yield higher profits. However, the performance of the EA is sensitive to broker order execution time. The lower the order execution time, the higher the potential profits. Therefore, the use of a Virtual Private Server (VPS) is recommended for better results. The EA can operate on over 56 combinations of pairs simultaneously and can trade on 28 major and cross pairs.
Usage of Triangular EA Free vMT5
When using the EA, users need to input certain parameters. For instance, if their symbols have a prefix or a suffix, these should be entered as inputs. The volume type can either be Auto or Fixed. In Auto mode, the EA calculates trading volumes based on the maximum allowable volume on the account, considering leverage and free margin. In Fixed mode, a specific trade volume is set by the user.
Another parameter is the Entry Pricing Discrepancy, which is the delta points required to initiate a trade. The default value is 100, but for 4-digit accounts, the value should be set at 10.
FAQs About Triangular EA Free vMT5
1. Can the EA work on all accounts?
No, the Triangular EA Free vMT5 is an arbitrage EA and may not function on all accounts. It is advisable to follow the testing process described on product screenshots before use.
2. What is the recommended account type for using the EA?
Standard accounts are recommended for the EA. ECN accounts are not advisable.
3. How does the EA calculate the trading volume?
In Auto mode, the EA calculates the trading volume based on the maximum allowable volume on the account considering leverage and free margin. In Fixed mode, the user determines the volume of trades.
For an independent testing of this product, visit the forexroboteasy.com website. You can also subscribe to updates on the testing results of this product. Share your experience of using this product to help other users in the Forex community.
This review is an independent assessment of the product, written in the third person, and does not endorse or criticize the product. The aim is to provide an objective overview of the product based on the provided information.
Write review