Bid/Ask Spread Expert Signal
Hi folks!
Newbie comes again...
My next task is to build an include file (mqh) to use with expert advisor (generate). It is an expert signal based solely on bid/ask spread (BAS, for convenience), based on ticks. So, if the current BAS is higher than the last three ones, it is a no go. Or it least should be lower than or equal to the smallest of the last three ones. For example:
Bid/Ask Spread:
9 -> store to BASarray[0]
8 -> store to BASarray[1]
10 -> store to BASarray[2]
BufferArray = ArrayCopy(BASarray,BufferArray)
ArraySort(BufferArray)
MinSpread = BufferArray[0]
MedSpread = BufferArray[floor(ArraySize(BufferArray)/2)]
MaxSpread = BufferArray[2]
New tick, new BAS, let's say 11
If NewBAS <= MinSpread
position.open()
Does this already exists? I think this could be a great addition to the standard library of MT5, ready for generate new experts with the Wizard, since Bid/Ask spread impacts heavily on exchange deals entry (open, direction in).
Many thanks!
what's the point of entering a trade based on spread decrease ?
you know spread can be widened/squeezed in both direction ?
what's the point of entering a trade based on spread decrease ?
you know spread can be widened/squeezed in both direction ?
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Hi folks!
Newbie comes again...
My next task is to build an include file (mqh) to use with expert advisor (generate). It is an expert signal based solely on bid/ask spread (BAS, for convenience), based on ticks. So, if the current BAS is higher than the last three ones, it is a no go. Or it least should be lower than or equal to the smallest of the last three ones. For example:
Bid/Ask Spread:
9 -> store to BASarray[0]
8 -> store to BASarray[1]
10 -> store to BASarray[2]
BufferArray = ArrayCopy(BASarray,BufferArray)
ArraySort(BufferArray)
MinSpread = BufferArray[0]
MedSpread = BufferArray[floor(ArraySize(BufferArray)/2)]
MaxSpread = BufferArray[2]
New tick, new BAS, let's say 11
If NewBAS <= MinSpread
position.open()
Does this already exists? I think this could be a great addition to the standard library of MT5, ready for generate new experts with the Wizard, since Bid/Ask spread impacts heavily on exchange deals entry (open, direction in).
Many thanks!