Welcome to my Broker Arbitrage review. At first I was slightly sceptical about reviewing this forex robot because I do not believe in arbitrage systems and think that not only can they be unfair on forex brokers (oh the irony?!) but they also don’t often fly under the radar and go unnoticed by brokers, that’s if they even manage to turn profit in the first place due to factors such as spreads and execution which such systems rely heavily on. Many arbitrage trading systems will show good results on demo account but not on live accounts. However in saying that, the Broker Arbitrage forex robot gained my interest due to its popularity and actually very good live results – although they have not been updated for some time.
Broker Arbitrage Trading Strategy
Arbitrage is a term used loosely in the name of this one because it is not literally doing HFT (High Frequency Trading) on the levels the quants do – that would be impossible using a normal internet connection and a trading platform such as MetaTrader 4. This forex robot will wait for the perfect entry opportunity and opens trades on multiple currency pairs. They are then closed quickly to take advantage of the small price differences. It uses a stop loss, take profit and trailing stop so there are safety measures in place to ensure that it manages risks whilst making consistent profits. It also adapts depending on the broker that you are using it on so it can study slippage (execution) and spreads then adjust accordingly. Broker Arbitrage trades multiple pairs in the 1 minute time frame and there are live results on the Broker Arbitrage website to back up its claims.
Broker Arbitrage Back Testing
Due to the nature of arbitrage systems it is not actually possible to accurately back test them so there are no back tests published on the website. There are however (and more importantly) live results so you can analyse and review the recent performance.
Broker Arbitrage Live Results
Broker Arbitrage Summary
Overall this forex robot has huge potential but will require a very good ECN broker with lightning execution and low spreads. Provided it is run in the right trading conditions I have no doubts it would be consistently profitable – similar to the live results published by the developer. It runs on the free MetaTrader 4 trading platform and includes instruction manual, updates and support.