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This expert advisor facilitates arbitrage trading between futures and spot instruments, primarily targeting gold and stock indices. Available for MetaTrader 4 and 5, it monitors the price difference between two related symbols against a moving average to identify trade opportunities. The logic includes a noise-filterin
Trading robot · MT4
Take Profit Oil Arbitrage
This MetaTrader 4 expert advisor implements a pairs trading or statistical arbitrage strategy primarily designed for energy commodities like USOIL and UKOIL.
GitHub stars1
Forks0
Last update7 years ago12 Nov 2018
LicenceNone stated
Overview
Take Profit Oil Arbitrage monitors the price differential between two correlated assets over a specific lookback period to identify mean-reversion opportunities. The robot executes simultaneous trades on both instruments when the spread deviates from the calculated average. Risk management is handled through user-defined stop loss and take profit parameters based on price spreads. The repository contains several iterations of the logic, though the documentation is minimal.
- Statistical arbitrage between correlated energy assets
- Configurable spread-based stop loss and take profit
- Simultaneous dual-asset order execution
- Adjustable lookback period for spread calculation
Details
Author
iceandfire1981 on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Arbitrage, Mean reversion, Hedging
Markets
Oil & commodities
Timeframes
M15-H1
Risk profile
- Holds opposite positions at once
EA files
Input parameters
Read from TakeProfit_2.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
input_bar_count | int | 1440 | 行? |
input_begin_bar_index | int | 30 | 计算开始索引（最近半小时） |
input_slip | int | 2.0 | 滑点值 |
input_timer_settings | int | 10 | 定时器设置（单位：秒） |
input_sl | double | 0.2 | 止损差价 |
input_tp | double | 0.6 | 止盈差价 |
input_x | double | 0.15 | 偏移价差 |
input_adjust | double | 0.05 | 修正值 |
input_shares_m | double | 0.1 | 主执行数量 |
input_shares_s | double | 0.1 | 次执行数量 |
input_as_m | string | USOIL | 主资产 |
input_as_s | string | UKOIL | 次资产 |
Show all 13 inputs
| Name | Type | Default | Description |
|---|---|---|---|
input_order_prefix | string | aa | 订单以及文件前缀 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone iceandfire1981/MT4_Project 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, and any .mqh files into the Include folder the code expects.
- 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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