Broker Arbitrage Manual

Transcription

1 Broker Arbitrage Manual Questions? U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures, Currency and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. All information on this website or any e-book or software purchased from this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold Broker Arbirtrage and any authorized distributors of this information harmless in any and all ways.

2 What Do I Need To Start? (Details Provided) Meta Trader 4 Platform Broker Account Global Trade Station 2 Optional: Virtual Private Server Activate Your Broker Account When you sign up for your Forex broker account you will be provided a free copy of the MetaTrader 4 platform. Here are two brokers I recommend you can start with: FX Choice: Click Here to Sign Up With FX Choice Pepperstone: Click Here to Sign Up With Pepperstone Once you sign up they will provide you with Meta Trader 4 platform. Download and install it. No need to run it yet as you will need to install Broker Arbitrage in a few moments. Now, you need to install Global Trade Station 2. You only need to create a DEMO account for Global Trade Station 2. Click the link below to create a DEMO account. You will be provided an account number and you will need to choose a password. I recommend putting a random phone number otherwise they might call you to request you open a live account, which is not necessary. The demo may expire in 20 days, if it does, simply create another one. After 20 days, if it doesn't let you use same address, simply use another. Click the following link to create your demo account:

3 After you create your demo account, you need to download and install Global Trade Station 2. You will need to login to Global Trade Station 2 with the account number you are provided and the password you selected. To download Global Trade Station 2, please click the link below. After logging in it will ask you to allow it to update the platform, click OK to allow it to. Once completed open it up again and login. Click the following link to download Global Trade Station 2: Download GTS2 After you open Global Trader Station 2 and have allowed it to update. You will see this box pop up For trading Region choose USA. Then check off Forex and click OK. The following will show...

4 Global Trade Station 2 is now up and running. Nothing else is needed for it. YOU MUST RUN Global Trade Station 2 at all times that Meta Trader 4 is running on the same machine. You can run Broker Arbitrage on your PC, but it is important you have a reliable connection to the internet, reliable power source, and able to leave it on around the clock. To avoid using your computer, you can use a dedicated server to host Broker Arbitrage. It's inexpensive, reliable, and you can access it from almost anywhere. Click the following link to access a reliable VPS service: Click Here for VPS Now that you installed Meta Trader 4 and Global Trade Station 2, you will need to activate your license for Broker Arbitrage to use it on your account. You ONLY need to activate the license for Meta Trader 4. Please identify your Login Number or Account Number for Meta Trader 4. This is provided by your broker. It should be only numbers. Use the link below to go to the license activation page. You can activate your account number there for a LIVE or DEMO account. You can come back to the page anytime to switch to another account. You can only use one account at a time per license. Click the following link to go to the license activation page: Activate License Page

5 Setup Summary Before we go through the installation and setup of the robot, I want to give you a quick summary or checklist so you can make sure you have everything you need to be up and running smoothly. Do all these steps on VPS if using VPS. Create Forex Broker account and download and install Meta Trader 4 Create a SaxoBank demo account and download and install Global Trade Station 2 Activate your license for your Meta Trader 4 account number. Run Broker Arbitrage installer and follow the prompts. To setup Broker Arbitrage all details are on the next few pages. You are good to go! 100% automated.

6 Important Points to Maximize Performance of Broker Arbitrage To maximize performance and profits of Broker Arbitrage it is important you follow all recommendations and steps. In terms of broker recommendations our brokers are carefully selected with low spreads and ECN execution. It is very important you select your risk carefully. You can use money management built into Broker Arbitrage. I personally love to use 20 for risk. But keep in mind this can be riskier and I don t recommend it. To be on the safe side I recommend a risk setting of at most 5. But of course you can use higher risk if you want to go for bigger gains. There are many settings you can tweak in the robot, but for best performance only adjust the risk setting. If you are a fan of back testing, it s not really quite possible, because this is arbitrage over two platforms, so please don t expect back testing to work. If you want to do effective testing, then please test on demo or use a small live account. For best performance I highly recommend using a VPS that is smooth and dedicated, with not many other platforms running if you can. By running it on a PC you risk connection issues, and computer processor issues if your computer isn t maintained properly. If you are constantly operating software on your PC while Broker Arbitrage is running it can have negative effects on the speed of operation, so please consider this. If you can I recommend checking to make sure Global Trade Station 2 and Meta Trader 4 are running proper at least 1 time a day. It s not urgent, but it s good practice in general. Keep in mind when using all pairs supported that the risk is for each pair alone.

7 Again, I mentioned this before, Global Trade Station 2 will need to be updated on your first install, it s easy just follow the simple steps. Also, your login details may expire in 20 days, simply create another demo account if that happens. From time to time I will recommend other brokers you can use with Broker Arbitrage; I will also you those details. Sometimes it s good practice to switch it or use more than one broker. This is a form of diversifying and can help keep you more profitable. I ll help guide you on this so no need to worry.

8 Let s Install Broker Arbitrage Within the ZIP file that you found this manual is the.exe installer. Double click the.exe to start the installer and the following image will appear: Click the Next button to continue. Read the terms, click I accept, then click Next. Make sure there is a check mark next to the Forex broker / MT4 you are using and uncheck the one s you are not. And then click Next.

9 Now click Next. And click Next again. Click Finish and now Meta Trader 4 will open.

10 This is what your Meta Trader 4 platform will look like On the toolbar on top, click Tools, and then click Options. The box above will show up. Then click Expert Advisors. Make sure all the check marks look the same as above.

11 You now will open up the 7 charts Broker Arbitrage will be trading on. Click File -> New Chart and select the pairs I will share with you in a moment. Each time you click a pair it will pop up in Meta Trader 4. Please do this step for each of the following pairs: AUDUSD, EURUSD, EURJPY, GBPUSD, NZDUSD, USDCHF, USDJPY There will be a tab for each currency pair on the bottom. You can click each tab to see the chart. Please click a tab, and then click M1 at the top. Do this for each pair.

12 On the left, look for the Navigator window, then click the plus sign next to the Expert Advisors box. It will become a negative sign and drop down a list. Locate Broker Arbitrage in the list. Now click on the name, and hold and drag it to each currency chart you opened up. (IMPORTANT: Activate your license before doing this step if you haven t done so yet) This box above will popup make sure the check marks match and then click Inputs.

13 Inputs is where you can adjust settings. All settings options are described below. I do NOT recommend changing anything. Default is fine, but if you want to adjust RiskManagement you can do so. I personally use 20 risk on my accounts, but keep in mind it can be riskier, but more profitable. So I recommend using a lower number such as 5. If you decide to change settings or simply use default settings, then do so, and then click OK. Do NOT click Load or Save. Just click OK and the robot will attach to the chart. You MUST do this for EACH currency pair. Click the tab for the pair and attach.

14 Here is a description of each setting Lot Size: If you don t want to use Risk Management and use Fixed Lots. Then set the Lot size you want for each trade here and set Risk Management to 0. Otherwise, this setting is ignored. Risk Management: This is money management. It is the risk you want and the robot will auto calculate lot size. When set to 0, Lot Size will be used instead. Max Orders: Max number of trades at a time per pair. Set this to 1 if you are using a U.S based broker. Slippage: The robot will attempt to avoid trading if slippage exceeds this amount. Max Attempts: If a trade fails this is the max number of tries it will attempt before giving up on that trade. Magic 1: This is a unique identifier for certain trades, no need to change it. Magic 2: This is a unique identifier for certain trades, no need to change it. Use Scheduler: If you want to control the specific hours traded, set this to true. Time is based on broker time and 24 hours. (Not recommended) Start Hour: This is the hour you want the system to turn on. Start Minutes: This is the minute you want the system to turn on. Start Seconds: This is the second you want the system to turn on. Stop Hour: This is the hour you want the system to turn off. Stop Minutes: This is the minute you want the system to turn off. Stop Seconds: This is the second you want the system to turn off. Show Price Lines: When true will lines on chart of where the system is scanning. Comment: This allows you to set trade comments, blank is recommended.

15 Each chart will show this box on the top left. This means the robot is up and running. Now just let it run and it s completely automated. If you need assistance you can me at support@brokerarbitrage.com