Lahore, Pakistan -- (ReleaseWire) -- 04/01/2013 -- Arbitrage FX Robot has been developed by Steven Tornsten. Scalping is the basic strategy used by the Arbitrage FX Robot. This robot works best with the pairs EUR/USD and GBP/USD when the spreads are low. This robot can also be used to trade USD/CHF, USD/JPY etc but the best results that have been achieved are with GBP/USD and especially EUR/USD. Arbitrage FX Robot turned a deposit of $2,000 into $1,332,545.33 in 28 months. The average daily return made by this robot on one account was 28% with a low drawdown of 1.3%.
This is what Steven Tornsten says about his robot: “When I first created the Robot it was quite simple and worked perfectly, but only with a couple of “easy” brokers. This was Version #1. Then I tried new brokers and created a better version which worked with most “regular” brokers, Version #2. However, there were still some “tough” brokers that required additional changes in the program, so I created Version #3. However, it worked only with a couple of those “tough” brokers. Next step was Version #4, which could make profits with ECN brokers. Then there was Version #5 that was even even better and faster. It had some UNIQUE parameters like "Automatic Order Size Increase", "Trading Times", and "Maximum Spread".
In May 2011 Version #6 was released. A few new parameters have been added which made the Robot even more profitable and are responsible for lower number of losses as well, e.g. "Max Lost Positions", "Min Time Between Orders", "Lag Detection" (built-in function) responsible for detecting a "FALSE FEED", when the broker's prices are different then the real market prices, etc. On the other hand we removed a few parameters that were seldom used and didn't have much influence on the Robot performance, so the speed of the Robot has been increased 2-3 times. Also there are many new features hidden inside the Robot code to cope with many problems that brokers have like freezing the platform, slippage, etc.”
About Steven Tornsten
Steven Tornsten is a graduate from Mannheim University, Germany. He has done MA in Economics and speaks 5 foreign languages. He started trading 6 years ago. As a beginner during the first year he lost over $150K in forex and stocks. But instead of losing heart and giving up, he with renewed enthusiasm and maturity studied hard and analyzed markets every day rigorously like a university student. Gradually he developed a few profitable systems that no longer lost money.
For more information about the Arbitrage FX Robot, please visit the following website