The Arbitrage Metatrader 4 Forex Robot is an algorithmic trading software that triggers a buy when the price is low and sells when the price is high.
The set of logic that supports the Arbitrage Metatrader 4 Forex Robot is grounded in a simple counter-trend strategy with all the resultant fears.
One of major concerns is that when utilizing the Arbitrage forex robot to trade a single pair, the profit can come from rollbacks or trend reversals and also from ranges and flats.
The Arbitrage expert advisor is optimized for all currency pairs and time frames.
Tweaking the default values within the inputs parameter and further testing will greatly enhance the indicator.
Strategy Tester Report
Find below the Arbitrage forex robot strategy tester report for the EUR/NZD forex pair on the 1-Hour chart.
The EA made a total profit of $50006.34 from a total of 1824 trades. The largest winning trade generated $390.43 in profits, while the largest losing trade generated a loss of-$252.19.
Bars in test: 12888 ticks modelled
Initial deposit: $70000.00
Total net profit: $50006.34
Total trades: 1824
Largest profit trade: $390.43
Largest loss trade: -$252.19
Consecutive wins: 51
Consecutive losses: 1
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: experts, beginPrice, magicnumber
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the ArbitrageReverse_1_1.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)