michal.kreslik wrote: TheEconomist wrote:
Visit my forex arbitrage blog to see my rebranded version of FPI
Michal, hope you won't get upset
I modified 50% of the FPI...TheEconomist's Forex Arbitrage Blog
... Stay tuned, more arbitrage strategies to come!
I have just come home from a vacation in Ireland, that's why I'm only replying now.
A brief look at your link makes me think that you apply the arbitrage only
on MetaTrader4-contracted brokers. I would seriously doubt the arbitrage like FPI would work with MT4 as the brokers are put under a contract with MT4 to deliver extra commissions
Imagine a standard broker being forced to not only collect fees for themselves but for some third party as well. As I see it, this wipes out all potential profit and then some since FPI arbitrage only makes a very small profit each time it "trades".
You're right. I presented the Intercross more because I worked a lot in making the FPI more understandable and it was a pity to throw it away just because it wasn't working well on MT4 brokers. The theoretical ground is good, but with these brokers you can expect everything. In September I am restarting my trading with cash-to-futures arbitrage or oil arbitrage (I will present these too on my blog). I decided to make my choice and throw away the fund safety of NFA-regulated brokers for the strategical safety of non-NFA regulated brokers which allow me to deploy also non-forex arbitrage strategies (that can't be destroyed just by slapping the fingers, like it happens to FPI on MT4). Actually having access to multiple , arbitrageable commodities contracts or currency futures (i'm opening a parenthesis here, FPI or Intercross applied on currency futures instead of forex might work), for instance, tells a lot about what's happening on retail forex. These online forex casinos are changing the rules of the game, allowing to pass some of their gains from newbie and generally directional traders to smart, poor arbitrageurs that don't earn too much. Some thousand dollars won could mean a lot for me, and I won't mind if after that the broker would tell me to *censored - swear word* off... I would have plenty of cash to put my strategies with trusted brokers on Strategy Runner, for example... So I don't necessarily consider MT4 the pinnacle of trading platforms, but rather, a beginning...