What does a license include?
One license allows usage from three computers or VPS.
Which broker should I trade with?
Low-spread regulated market makers metatrader brokers are the best option.
What account balance should I start with?
A very small account balance is recommended: 100$-500$ is enough.
Does the Expert Advisor use DLLs?
Yes, it does, because it needs to communicate two metatader plaforms.
Is arbitrage allowed in all brokers?
No, it is not. Read carefully the terms and conditions of your broker before trading.
Can the broker close my account if I trade using this strategy?
If the broker has arbitrage forbidden on its terms and conditions, yes, it can.
Can I backtest this Expert Advisor?
No, you can't. The EA needs data from at least two different brokers to trade, thus backtesting is impossible.
Can you recommend brokers to trade with?
No, I can't. Finding suitable brokers shall be done by trial and error, because performance depends on your network distance to their respective servers. Hence all users will have different suitable brokers depending on their geographical location.
Do I need a VPS?
No, you don't. You can trade this expert advisor from your home computer! Since the trades last barely one or two seconds, you can trade it only for one or two hours a day and still make good profits. In fact, if you hire a VPS and pound your broker all day long, it might put your account under scrutiny.
How many accounts can I trade with one license?
Unlimited accounts. A license allows usage from three computers or VPS.
Does slippage affect negatively?
Yes, it does. The EA can make profits if slippage is less that 1 or 2 pips. The slippage for all orders can be found in the expert tab of the terminal (VIEW - TERMINAL - EXPERT TAB). If slippage is constantly more than 2 pips, disable trading permissions to avoid losing money.
Can the broker sabotage my trading activity?
Yes, it can. Some brokers have anti-scalping plug-ins that work increasing the slippage for your orders. If slippage is too high, disable trading permissions and do not trade with these brokers. The slippage for all orders can be found in the expert tab of the terminal (VIEW - TERMINAL - EXPERT TAB).
Why is the EA placing stop-loss and take-profit orders? Can I change them?
The EA places SL and TP orders for safety, but are irrelevant to the strategy.