This high-frequency trading robot implements latency arbitrage by comparing price feeds across two separate MetaTrader terminals. It requires a fast data source to serve as a reference and a slower broker where price delivery lags behind the market. The EA communicates between instances via a socket library to detect p
Trading robot · MT4
EA Swap
EA Swap is a MetaTrader 4 expert advisor designed to capture interest rate differentials during the triple rollover period, typically occurring on Wednesdays.
GitHub stars1
Forks0
Last update7 years ago17 Sep 2019
LicenceApache-2.0
Overview
EA Swap automates the process of opening a buy or sell position shortly before the swap is charged and closing it after the rollover is processed. The robot includes parameters for fixed lot sizes, an optional stop loss, and spread-based exit logic to manage costs. The developer notes that the strategy is primarily educational, as high spreads and market volatility during rollover hours can offset potential swap gains.
- Triple rollover swap targeting
- Timed entry and exit parameters
- Maximum spread filter for closing trades
- Fixed lot sizing and optional stop loss
Details
Author
pablogalve on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Arbitrage
Markets
Forex
Timeframes
M15-H1
Risk profile
- Trades without a fixed stop loss
EA files
Input parameters
Read from swapEA.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
swapDay | daysOfWeek | wednesday | |
lots | double | 0.1 | |
SL | int | 0 | SL (in points). 0=No SL |
swapHour | int | 23 | Swap is charged at 23:00h |
CloseHour | int | 1 | Close 1h after 3x swap |
CloseMinute | int | 30 | Close 30min after 3x swap |
OpenHour | int | 1 | Open 1h before 3x swap |
OpenMinute | int | 30 | Open 30min before 3x swap |
operation | operations | buy | |
maxSpread | int | 10 | Close if spread <= (in points) |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone pablogalve/EA_Swap from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts.
- 3Copy the filesCopy the .mq4 file into Experts.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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