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Trade nonexsitent crosses with EA or script?
Hello,
my broker is ok, but it has very high spread on EURAUD and it does not offer CADCHF. But i like to trade both, since im making superior profit with both crosses.
My idea is to trade EURAUD trhough EURUSD long and AUDUSD/short. This will equalize USD and end up in EURAUD. But it is quite unhandy to to open both (eurusd and audusd) in the same time.
So i thought i could programm a script that opens these positions for me, and also cloeses both when i want it to.
I am very new to mql4 and i have never programmed such, so besides the question how the code must look like, the next question is, should it run as a script or EA?
Note: this type of trading is good for saving spreas as well: e.g. EURAUD has 10 pips spread, EURUSD has 2 and AUDUSD has 3, so for trading EURAUD my sepcial way, will save 5 pips spread. This works out for all major currencies with minor crosses, like GBPAUD (great for trading) or GBPCAD or EURCAD.
I am open to all ideas and input regarding programming AND the trading idea itself.
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