Trading utilities for MetaTrader 4
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MetaTrader 4
Top Rated Products MT4
Overview
This Expert Advisor (EA) looks for small price differences between three currency pairs—GBPUSD, NZDUSD, and GBPNZD—and trades when it finds a gap bigger than the usual spread.
Checking Timing and Spread
It also checks how fresh each price is, making sure it’s not trading on old data. The EA only considers trades if the diff is larger than a user‑defined spread threshold (in points). This avoids trading on tiny, meaningless gaps.
1. Placing Trades
§ If a diff is above the positive spread, the EA opens a buy trade on that pair.
§ If a diff is below the negative spread, it opens a sell trade.
Before opening a new trade, it closes any existing opposite trade that’s already in profit.
2. Managing Risk
The EA only trades if the account has enough free margin—at least 1% of the balance at the current leverage—so it doesn’t over‑leverage the account. It also ensures only one buy or sell position per pair at a time.
In short, this EA automatically finds and trades small arbitrage opportunities between GBPUSD, NZDUSD, and GBPNZD, aiming to profit when prices drift out of line.
