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IceFX SpreadMonitor
IceFX SpreadMonitor is a special spread logging indicator which displays the current, minimum/maximum and average spread values. These values are set to be visible even after a reboot. Also, SpreadMonitor could save all the desired spread values to .csv files for later analysis of the results.
Indicator parameters:
- SpreadLowLevel - low level of spread (show value in green color)
- SpreadHighLevel - high level of spread (show value in red color)
- BGColor - background of panel
- SpreadNormalColor - color when the spread is normal
- SpreadRedColor - color when the spread is high
- SpreadGreenColor - color when the spread is low
- BarColor - color of the bar at right side.
- WriteToCSV - write spread high, low, average values per candles to CSV file to data folder (<MT4 Data Folder>\MQL4\Files\SpreadMonitor)
lAspenwall
2015.12.16 22:45
#
Very Very important for my strategy building. More important than a brokers advertised avg spread amount.
My FXCM advertised ECN is .5pips and I usually witness .1-.7pips at any given time.
Today Fed raised rates. And my spreads averaged 5 full pips during the 2 minutes before and 2 after announcement. Spikes as high as 12.
My EA can now be adjusted to prepare for more than just "spreads widen" but by a real quantitated amount.
Thank you Norbert Mereg
Version 1.32
2016.03.18
- fixed 2-digits XAU
Version 1.31
2016.03.15
- support 2-digits CFDs
Version 1.30
2016.01.27
- parameter of colors available
Version 1.21
2014.02.04
- Fixed bug with load from file.
Useful tool.