Just wanted to bring to the table a new Trading System and EA who's time has come. It is called StatArb Pro. It was released by a seasoned fx pro by the name of McLean Van Cleve.
Let me know your thoughts on it if you decide to purchase it.
All Donnaforex members receive a 5% rebate off the purchase of any StatarbPro Product Using the Link Below:http://www.forextweaked.com/?page_id=267
Questions about statarb?http://www.statarb.pro/contact/
McLean is a real professional forex trader, fund manager and former owner of two forex firms, he lead the FTT division at Dukascopy to bridge their Tradestation platform with MT4, he also manages a firm called Stratura Investment Group and long time owner of ongoing Archer Managed Forex and Archer Trading Signals.
Interview by Dukas:
His company utilizes arb models outside of MT4 to generate the pair relationships and you simply utilize the indicators to execute the trades. They are releasing a fully automated EA within 45 days of this posting. If you purchase the indie before this time, you'll receive the EA for free, however if you wait past the time of release, it will cost $1900 from what I understand.
Here's the Link:http://www.forextweaked.com/?page_id=267EA NOTES: Updated 8/24/2012
When setting up the EA, make sure you setup the EA on the EURUSD pair and have ALL other pairs your broker has that you are interested in trading open (no ea). If an arb combination presents itself, both charts of each pair must be open. Ex. If you want EURSEK/GBPAUD to trade when an arb signal on this pair presents itself, have each of these charts open, but have the EA running on the EURUSD pair if you want your trades to work properly.
If you see errors under your Experts Tab and are running Windows 7, close your platform down. Right click your MT4 Icon, select properties and click on Configure Tab. Toward the bottom under privileges, check Run As Administrator. Click Ok and restart your MT4 Platform.
Below I address commonly asked questions about Statarb based on direct responses from McLean...Anything not addressed here, please visit the statarb site if you are a member and refer to the Help Desk section. Thanks.
What purpose does the RISK setting % parameter serve in the StatArb Indicator parameters?
McLean: The risk setting generates a lot size that will withstand a 10% shift in price befor you reach your risk setting's drawdown. In EURUSD terms that is a 1270 pip move, but this rarely, if ever, happens before an exit is signalled. WE only track arb pairs with greater than a 80% win rate and of those over 85% have a 100% win rate.