Small Trader Alpha #3 - Triangles

Everything is better with limit orders, including triangles.

Introduction

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Today’s episode of Small Trader Alpha dives into triangular arbitrage and the remaining pieces of this strategy that still have an edge in illiquid markets. There are many ways to approach this strategy, and they all have quite a lot of overlap, so in this article, we will try to cover as much of the useful information related to the strategy as possible.