In this post I will be reviewing the Arbitron automated forex trading system from LeapFX that runs in the ever popular MetaTrader 4 trading platform which is free to download from most forex brokers. MetaTrader is also available for mobile devices but you will need the desktop platform to run forex robots such as Arbitron. In order to use this forex robot, you will need a trading account with a forex broker. With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs.
The LeapFX developers who programmed this automated forex trading system also have a range of other trading robots and strategies that I have reviewed, including Funnel Trader, Trade Explorer, AX Trader, DynaScalp, News Action Trader, Jet Trader Pro, Gold Trader, Econ Power Trader, Automic Trader, Auto Arb, Fund Trader, Easy Money X-Ray Robot, Skilled Trader, Bounce Trader and InstantEA. You can tell from the vast number of trading products that they have available they certainly have some experience.
Here we will take a look at the Arbitron EA, covering the trading strategy that it uses, along with analysing any backtests provided and most important, verified real results. Hopefully this will help you to decide if this forex software is suitable for your own trading goals and style.
Arbitron EA Trading Strategy
As the name slightly implies, Arbitron is a forex robot that is developed around the idea of arbitrage trading. I have always found arbitrage trading to be better in theory than it is in practice due to a multitude of varying factors, primarily broker spreads, commissions and execution speeds. Such trading systems can perform in back tests or on demo accounts but tend to fail miserably when faced with real live trading conditions. Thus, the choice of trading broker can have a huge impact on results when using an arbitrage trading strategy.
Latency arbitrage trading is a type of trading where the trader uses a special software to compare a “fast price feed” with a “slow price feed” broker. When the price on the fast feed is higher than the price on a slow broker it creates a buy opportunity. When the price on the fast feed is lower than the price on a slow broker it creates a sell opportunity. Arbitrage usually requires no analysis, prediction or guessing, we it just needs 2 differing broker feeds to take advantage of.
Where arbitrage usually fails is the technology not being efficient enough to take advantages of these minor discrepancies. Thus, a forex robot such as this is unlikely to bridge the gap that not even some of the most powerful institutions can.
That being said, the system is compact and simple – providing information to help you understand what’s going on with the results, speeds, and profit potential. The price feeder connects to the Arbitron trading system that is running on your MetaTrader 4 and feeds it the proper data automatically – while the system trades for you.
The developer has made all of the Arbitron Forex Robot settings externally available which means that you can adjust them via the inputs window when you attach this robot to the charts in your trading platform. You can always just use the default settings provided by the developer but you should always check to make sure that the lot or risk size is set to a suitable level for your risk preferences as every trader is different in that respect.
Arbitron EA Back Testing
There are no back tests on the Arbitron forex robot website, most likely due to the fact that MetaTrader 4 does not have the built-in capabilities to simultaneously run back tests on data from different brokers. That being said, I would always prefer to opt for a trading robot that has 99% modelling quality backtests over many years of tick data, across different financial instruments and chart timeframes. This helps to give me confidence that an automated trading system has not been over optimised. An example of this would be the Forex Robotron EA which impressively uses the same settings on the wide range of currency pairs that it trades. Not to mention, that expert advisor also has 99% modelling quality backtests going back around 20 years.
Arbitron EA Live Results
Although the LeapFX team have shared with us some verified Myfxbook accounts that show the Arbitron EA results, they have not been updated for years now. I would personally look for another trading robot that does have up to date results such as the Forex Flex EA. Otherwise, we cannot really get an idea of how good or bad a robot has been performing in recent market conditions. To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Arbitron EA Summary
Overall, I think that the idea behind the Arbitron EA does have some sound logic behind it. However, there are too many red flags and core issues for me. Primarily, the lack of backtests or up to date verified results are the biggest problems. I really think the LeapFX developers have the expertise to provide these things to potential users.
Arbitron is likely to suffer due to the fact that real trading conditions cannot replicate those conditions available when back testing in hindsight, especially for a system that relies so heavily on speed and minor difference between broker feeds.
Truth be told, if you do manage to find 2 brokers with such a difference that you do start managing to successfully trade using arbitrage, it is highly likely they will not take too kindly to it and either warn you or shut your account down without notice.
That being said, full support and instructions are included, along with a money back guarantee. Please feel free to use the link below to visit the official Arbitron EA website if you are curious. Perhaps they may have updated the backtests are real account results. Otherwise, you could always explore my forex robot reviews for some alternative options.
- Fully Automated Trading Robot
- Multiple Financial Instruments
- Customisable Settings
- Detailed Instructions
- Full Support
- Detailed Instructions
- Free Updates
- Money Back Guarantee
- MetaTrader 4 Only
- Broker Dependant
- Requires Ideal Trading Conditions
- Not Allowed By Most Brokers
- No Backtests
- Results Not Updated
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.