Triangular Arbitrage - MetaTrader 5 Expert | MT5 EA Download - MetaTrader 5 Resources

This Expert Advisor (EA) is designed to perform triangular arbitrage between three currency pairs: EURUSD, USDJPY and EURJPY. The main goal is to take advantage of the price differences between these currency pairs, identify arbitrage opportunities and open positions to exploit them.

Identify opportunities : The EA calculates the implied price of EURJPY by multiplying the ask price of EURUSD and USDJPY. This value is then compared to the EURJPY direct price. If the relative difference exceeds a defined threshold, an arbitrage opportunity is considered.

Opening a position : When an opportunity is discovered:

If the implied price is higher than the direct price, the EA will execute a series of trades, including buying EURJPY and selling EURUSD and USDJPY.

If the implied price is lower, the EA will execute the reverse trade.

Position Tracking : The EA tracks open positions using a specific magic number. This helps distinguish trades executed by the EA from other trades.

Closing : When the cumulative profit of open positions exceeds the defined target, all positions associated with the EA are closed.

Error handling : The EA includes error checking to ensure that any problems when opening or closing a position are reported.

In summary, this EA automates the triangular arbitrage process through a systematic approach to optimize returns based on price differences.

Attachment download

📎 triangular_arbitrage.mq5 (20.26 KB)

Source: MQL5 #57272