FA Spread Trading for MT4
FA Spread Trading is a tool that allows us to analyze the spread between two or more financial instruments. It allows us to create charts that highlight the performance of financial instruments and also allows us to operate in spreads by opening two or more positions/orders on the analyzed instruments. Not only that, FA Spread Trading also allows you to manage these orders as if they were a single entity assigning them a target to reach and closing them when you reach it.
The software is equipped with a practical and intuitive graphical interface, organised in Tabs, which facilitates interaction.
Tab n. 1: Analysis
The first tab allows you to analyse the spread between selected instruments. The main part of the tab traces instruments on the same graph by hooking them in the initial part. This lets you see the strength of one instrument in relation to the others. You can also select parameters and change the chart (by docking instruments every day/week/month and in some cases you can draw instruments on the chart below).
This tab also contains an indicator calculated on the selected instruments, the TSI, and a section showing the signals generated by the TSI. In the signals section you can choose to automatically open new positions when the next signal occurs.
After you have made an analysis of the instruments you can open positions and group them by assigning an output target. The EA will monitor the trend and close them when the target is reached. These are manually managed groups, i.e. groups of orders opened by the user and then grouped together to form a single entity.
There is also the possibility to open automatic groups in countertrend, where orders are inserted in the group automatically when going in countertrend with respect to the first order (and some indicators indicate that it is time to enter). These automatic groups work with parameters that are chosen at the start (max. number of orders to enter, countertrend distance, lot growth mode, ...). An automatic group is opened by the user through the interface (then the software will add orders if necessary and close the whole group when the target or maximum loss is reached).
Manual groups can also contain orders opened by the user without the software. This allows you to entrust FA Spread Trading with the management of already open orders.
Tab n. 2: Manager
In the second tab we have a Manager that allows us to view open groups (with their orders). Various useful information is provided for each group. Here we will see both manual and automatic groups and you can edit them. We can set targets and maximum losses, modify an automatic group and make it manual, add orders to a manual group, dismember the groups and regenerate them with a different criterion.