Arbitrage Reverse EA
Logic:
- Arbitrage:
- The EA is designed to exploit price discrepancies in the market by opening buy and sell orders simultaneously to capture price differences.
- Uses a reverse trading strategy, meaning it capitalizes on adverse price movements to make profits.
- Order Management:
- Monitors open and closed trades to calculate the current balance and profit.
- Adjusts trade sizes dynamically based on calculated equity and risk parameters.
- Uses magic numbers to identify and manage trades specific to this EA.
- Trade Execution:
- Opens and closes trades based on price movements and predefined thresholds.
- Closes buy and sell trades against each other using the OrderCloseBy function to avoid additional spread costs.
- Risk Management:
- Limits trade sizes based on available margin and predefined risk parameters.
- Ensures that trades are only opened or closed if the market conditions are suitable and trading is allowed.
Detailed EA Explanation
- Initialization and Deinitialization:
- Sets initial values for key variables and performs any necessary setup when the EA is started or stopped.
- OnTick Function:
- Main function where all trading decisions and order management occur.
- Checks if it is time to perform actions based on the current time and trading conditions.
- Calculates the total number of trades and the current balance.
- Iterates through open and closed trades to update the balance and identify active buy and sell trades.
- Makes decisions to open or close trades based on the calculated balance and profit/loss thresholds.
- Uses the closeby function to close buy and sell trades against each other when appropriate.
- closeby Function:
- Closes buy and sell trades against each other using the OrderCloseBy function to minimize spread costs and manage trade positions effectively.
- getLots Function:
- Calculates the appropriate lot size for new trades based on available margin and predefined risk parameters.
- Ensures that the lot size does not exceed the available margin to prevent over-leveraging.
This EA implements an arbitrage and reverse trading strategy to capture price discrepancies in the market, dynamically managing trade sizes and risk to optimize trading performance while protecting account equity.
