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Spread Costs and Swap Benefits

Spread Costs refers to the amount of the loss caused by the spread, and Swap Benefits refers to the amount of the income gained by overnight positions. Spread Costs is an important indicator for short-term traders, especially for scalping traders, and Swap Benefits is an important indicator for long-term traders. Since the spreads and swaps on the MetaTrader 5 platform are all expressed in points, we need to convert it into the amount expressed in the account currency. This tool can display the Spread Costs and Swap Benefits of all Forex currency pairs (including gold XAU and silver XAG) in different account types (USD account, EUR account, etc.). All data in the panel tab is updated in real time.


Calculation

Spread Costs = Lots × OnePointValue × Spreads

Swap Benefits = Lots × OnePointValue × Swaps

Among them:

  • OnePointValue: value of one point expressed in the account currency
  • Spreads: spreads expressed in points
  • Swaps: swaps expressed in points
Note: On the day of "3-days swap", which is usually Wednesday, the results of the Swap Benefits are multiplied by 3

Detailed calculation method for OnePointValue, see the article:

THE TRADE COST OF FOREX CURRENCY Part1


How to use

  1. Before using this tool, you need to set MetaTrader 5's Market Watch to Show All. The specific operation is shown in the figure below.
  2. Set the language of the tool via "View->Languages" option. The specific operation is shown in the figure below.
  3. Set the trading Lots to calculate the spread costs and swap benefits via "View -> Trading Lots" option, default value is 1.00. The specific operation is shown in the figure below.
  4. Click on the header of each column in the panel table to sort the values in the column. The specific operation is shown in the figure below.
  5. Output the spread costs and swap benefits to the file via the "File -> Output" option. The output path is "MT5_path\MQL5\Files\SpreadCosts_SwapBenefits_Data". The file name is the current date. After successful output, the successful output information will be displayed in "MetaTrader 5 Terminal - Toolbox - Experts" column. The output path, file name and file contents are shown in the figure below.


Table content

There are seven columns of data in this table:

  • Symbol - forex symbols;
  • Spread(Points) - spread expressed in points;
  • SpreadCosts - spread costs expressed in the account currency of trading Lots volume;
  • SwapShort(Points) - swap expressed in points for short positions;
  • SwapShortBenefits - swap benefits expressed in the account currency of trading Lots volume for short positions;
  • SwapLong(Points) - swap expressed in points for long positions;
  • SwapLongBenefits - swap benefits expressed in the account currency of trading Lots volume for long positions.


Free version

The free version can output the spread costs to a file. Download address: https://www.mql5.com/en/market/product/28937.

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Der UTM Manager ist ein intuitives und benutzerfreundliches Tool, das eine schnelle und effiziente Handelsausführung ermöglicht. Eine der herausragenden Funktionen ist der Modus „Spread ignorieren“, der es Ihnen ermöglicht, zum Preis der Kerzen zu handeln und Spreads vollständig zu ignorieren (ermöglicht z. B. den Handel mit Paaren mit höherem Spread auf LTF, um zu vermeiden, dass Sie aufgrund von Spreads aus dem Handel ausgeschlossen werden). Ein weiterer wichtiger Aspekt des UTM-Managers ist s
Strategy Builder offers an incredible amount of functionality. It combines a trade panel with configurable automation (covert indicators into an EA), real-time statistics (profit & draw down) plus automatic optimization of SL, TP/exit, trading hours, indicator inputs. Multiple indicators can be combined into an single alert/trade signal and can include custom indicators, even if just have ex4 file or purchased from Market. The system is easily configured via a CONFIG button and associated pop-u
Risk Manager for MT5
Sergey Batudayev
4.42 (12)
Expert Advisor Risk Manager für MT5 ist ein sehr wichtiges und meiner Meinung nach notwendiges Programm für jeden Trader. Mit diesem Expert Advisor können Sie das Risiko in Ihrem Handelskonto kontrollieren. Die Risiko- und Gewinnsteuerung kann sowohl monetär als auch prozentual erfolgen. Damit der Expert Advisor funktioniert, hängen Sie ihn einfach an das Währungspaardiagramm an und legen Sie die akzeptablen Risikowerte in der Einzahlungswährung oder in % des aktuellen Guthabens fest. PROMO
Smart Copy Local MT5
Kyra Nickaline Watson-gordon
5 (3)
Smart Copy is an Easy-to-Use EA that supports Multi Copying Metatrader4 and Metatrader5 and Local/Remote Copying. (Remote Version is coming soon) Free version is available on Smart Copy Local Free MT5 Specifications :     Real Time, Multi Terminal - Multi Account - MT4/MT5 trade copying     Copy from netting to hedge and hedge to netting is supported.     Fast and instant copy     All settings are input visually.     Easy modifying symbol names, prefix, suffix     Enable/Disable
PZ Equity Guardian EA MT5
PZ TRADING SLU
2.25 (4)
Dieser Expert Advisor überwacht ständig das Eigenkapital Ihres Handelskontos, um kostspielige Inanspruchnahmen zu vermeiden und/oder die Handelsregeln einzuhalten. Wenn bestimmte Regeln verletzt werden, alarmiert der EA, schließt alle Trades und löscht in einigen Fällen alle ausstehenden Orders. Optional können auch alle Diagramme geschlossen werden, um alle im Konto tätigen EAs zu entfernen. Dieser EA ist besonders nützlich für Prop Trading Challenges, wie die FTMO Challenge oder PZ Challenge.
Übernehmen Sie die Kontrolle über Ihr Forex-Portfolio. Sehen Sie sofort, wo Sie stehen, was funktioniert und was Ihnen Schmerzen bereitet! MT4-VERSION HIER VERFÜGBAR: https://www.mql5.com/en/market/product/58375 Das Trade Manager Dashboard soll Ihnen auf einen Blick zeigen, wo sich jede Ihrer Positionen auf dem Devisenmarkt derzeit befindet, und das Risikomanagement und das Engagement in Währungen verständlicher machen. Für Händler, die schrittweise mit mehreren Positionen oder diesen Trading
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This indicator was modified according to the 'Way Of The Turtle'. It generates a channel based on the opening price and ATR values of the current bar. Turtle ATR Channel can be used to help identify overbought and oversold conditions in a market. Calculation upper channel = Open + r1*ATR lower channel = Open - r2*ATR Among them: Open is the opening price of the current bar. ATR is the ATR value of the current bar. r1, r2 are the ATR ratios. Input Parameters ATR Period - set the period of the
FREE
Turtle ATR
Yupeng Xiao
2 (2)
This indicator was modified according to the 'Way Of The Turtle'. The ATR indicator can be used as a reference to set stop-loss or take-profit, and also can be used to confirm the daily price range (also applicable to other cycles). Calculation The true range value is calculated as follows: TR = MAX(H-L, H-PDC, PDC-L) Among them: H = Highest price of the current bar L = Lowest price of the current bar PDC = Close price of the previous bar The average true range in 'Way Of The Turtle' is calcul
FREE
The trade cost caused by spreads is an important indicator when formulating trade profit-loss ratios. Spread costs info is particularly important for short-term traders, especially scalping traders. This tool can output the spread cost of all Forex currencies (including XAU and XAG) in the platform in different account types (USD account, EUR account, etc.). Calculation and code See articles: THE TRADE COST OF FOREX CURRENCY Part1 THE TRADE COST OF FOREX CURRENCY Part2 THE TRADE COST OF FOREX
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The trade cost caused by spreads is an important indicator when formulating trade profit-loss ratios. Spread costs info is particularly important for short-term traders, especially scalping traders. This tool can output the spread cost of all Forex currencies (including XAU and XAG) in the platform in different account types (USD account, EUR account, etc.). Calculation and code See articles: THE TRADE COST OF FOREX CURRENCY Part1 THE TRADE COST OF FOREX CURRENCY Part2 THE TRADE COST OF FOREX
FREE
Spread Costs refers to the amount of the loss caused by the spread, and Swap Benefits refers to the amount of the income gained by overnight positions. Spread Costs is an important indicator for short-term traders, especially for scalping traders, and Swap Benefits is an important indicator for long-term traders. Since the spreads and swaps on the MetaTrader 4 platform are all expressed in points, we need to convert it into the amount expressed in the account currency. This tool can display the
Risk Control Trade Panel  is designed to assist in one-click trading. This tool can automatically calculate the trading lots based on the set risk money, the recommended StopLoss and the recommended TakeProfit. In the information menu, you can view indicators such as the weekly price range and the monthly price range. Followings are highlight features Lotsize is automatically calculated based on the risk money set by the user. The recommended stoploss and recommended takeprofit are automatical
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