FX Brokers Arbitrage Test KIT

Installation
1. Press “File” and Select “Open Data Folder”

2. Copy files: Difference_v.1.07.ex4, iExecutionMaxAvgMin_02.ex4, iSlippageMaxAvgMin_02.ex4,

iSpreadMaxAvgMin_02.ex4 to Indicators folder

BJF Trading Group Inc.

www.: https://iticsoftware.com
e.: cs@itics.ca
Telegram Channel: @bjftg
3. Copy feeder_connector.dll to Libraries folder

BJF Trading Group Inc.

www.: https://iticsoftware.com
e.: cs@itics.ca
Telegram Channel: @bjftg
4. Copy eMaxAvgMin_01.ex4 and BJfFeeder_dll.ex4 to “Experts” Folder;
5. Press Ctrl+O and open “Experts” tab and tick “Allow DLL Imports”

6. Open EURUSD M1 chart and add BJfFeeder_dll.ex4

BJF Trading Group Inc.

www.: https://iticsoftware.com
e.: cs@itics.ca
Telegram Channel: @bjftg
BJfFeeder_dll.ex4 Parameters
Feeder
You need to select US, if your broker is in USA and in this case, we recommend using VPS located in New York.
You need to select UK, if your broker is in London or Europe and in this case, we recommend using VPS located
in London.
Username
You should enter your email address, which you used for registration. Your username will be activated in our
system within 24 hours after registration. Please be patient, do not contact our support, if not past 24 hours.

BJF Trading Group Inc.

www.: https://iticsoftware.com
e.: cs@itics.ca
Telegram Channel: @bjftg
7. Open M1 charts for EURUSD, GBPUSD, EURJPY, AUDUSD, USDCAD, USDCHF, USDJPY, NZDUSD and add indicator
Difference_v.1.07.ex4

Difference_v.1.XX.ex4 Parameters
Show feeder quotes
True – indicator will show gray line on chart, which represents price from feeder;
False - indicator will not show gray line on chart, which represents price from feeder;
Feeder Quotes non-availability, permitted
This parameter regulates the time during which there may be no quotation from fast fed and after this time
indicator will be removed from chart;
Min diff, points
If difference between fast quotes and quotes from slow broker less than Min diff, points
or equal to Min diff, points indicator will not draw dots. It is filter from minor deviations.
External Feeder Symbol Name

BJF Trading Group Inc.

www.: https://iticsoftware.com
e.: cs@itics.ca
Telegram Channel: @bjftg
 If your MT4 Broker has non standard symbols like EURUSDpro or EURUSDa, you need to specify correspondent
standard symbol EURUSD. (You do not need to enter EURUSDpro or EURUSDa – you need to enter EURUSD). If
your broker has standard symbols – leave this field empty.

How to read signals from Indicator Difference_v.1.XX.ex4

Difference_v.1.XX.ex4 Oscillator or MT4 receive fast quotes form fast feeder and shows price differences in dots.

Difference_v.1.XX.ex4 Oscillator for MT4 receive fast quotes form fast feeder with speed 1000 updates per sec and
shows price differences in dots.

• Dots above central line (0.00) represent situation when price on fast feed higher then price on your MT4 broker
- BUY signal.
• Dots bellow central line (0.00) represent situation when price on fast feed lower then price on your MT4 broker -
Sell signal.

Number of dots shows how big this price difference. Indicator draws green and red dots. Green dots shows current
difference on current M1 bar. Red dots shows how smaller current difference on the same M1 bar comparing with
previous.

Numbers 0/16 show max and minimal price difference on current M1 bar.

For example:

• Difference 5 points appear between fast feed and MT4 broker and price on fast feed higher then on MT4 broker
- Indicator draws 5 green dots.
• On next tick from fast feed difference 7 points - indicator will add 2 green dots = total; 7 green dots.

BJF Trading Group Inc.

www.: https://iticsoftware.com
e.: cs@itics.ca
Telegram Channel: @bjftg
 • On next tick from fast feed difference 4 points - indicator will change color for 3 upper dots from green to red. It
means that arbitrage situation fades away.

Signal examples

Indicators iExecutionMaxAvgMin_xx.ex4, iSlippageMaxAvgMin_xx.ex4,

iSpreadMaxAvgMin_xx.ex4

Indicator iExecutionMaxAvgMin_xx.ex4 shows execution time. It is very important to evaluate execution time on the M1
candles where arbitrage situation appeared.

Indicator iSpreadMaxAvgMin_xx.ex4 shows spread. It is very important to evaluate the spread when arbitrage situation
appeared. It will help you to set correct SL for your arbitrage trading.

BJF Trading Group Inc.

www.: https://iticsoftware.com
e.: cs@itics.ca
Telegram Channel: @bjftg
Indicator iSlippageMaxAvgMin – shows slippage. Slippage calculates based on execution time and difference between
price when arbitrage situation appeared and the price that arose at time = parbitrage price + execution time. For
example if EURUSD price when arbitrage situation appears (at time 12.00.00) and equal 1.35000, and execution time = 1
sec, we check price at time = 12.00.01 and if price = 1.35008 and means 8 points slippage. This slippage is positive for
BUY order and negative for SELL order.

Customer Support

Web: https://iticsoftware.com

Email: cs@itics.ca

BJF Trading Group Inc.

www.: https://iticsoftware.com
e.: cs@itics.ca
Telegram Channel: @bjftg
 BJF Trading Group Inc.
www.: https://iticsoftware.com
e.: cs@itics.ca
Telegram Channel: @bjftg