Currency Spread Calculator Plus
- Indicadores
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Opengates Success International
I am a financial trading software programmer with vast experience. I create expert advisor, indicator, scripts, utility ea and sell my products with good ratings. I am also a forex trader, trainer, account manager and consultant. I am the coordinator of Opengates Forex Academy. Search Youtube for - Versão: 1.1
- Atualizado: 16 abril 2020
- Ativações: 10
Currency Spread Calculator Plus
This indicator is created with the aim of letting the Traders know the exact points of the
spread on the currency pair they are about to buy or sell. What makes it a PLUS is that Symbol/Time frame Changer is coded with this indicator to
make it easier navigating from one currency pair to another and one time frame to another on the same chart window without having to open tens
of chart window in order to study more currency pairs. It saves time, energy, stress and CPU's space for the traders.
This will safe them
of paying exorbitant spread over a single currency pair procurement. Imagine a normal spread become wider from 2 or 3 pips to 15pips or more
when there is volatility in the market. It is absolutely outrageous looking for just 20 pips and paying another 20 pips as spread over a
currency pair!
Actually, this cannot prevent the widening of the spread but at least, it will adequately inform the traders ahead so you will
know what you are getting into. So if you can bear it, you can go ahead and place the order but if not, you have saved yourself the agony of paying
more than you are earning for the Brokers.
In a nutshell, it helps the traders to make an informed decision about the order a trader is
about to place. Since many traders do not bother themselves about this but begin to wonder what happened to their trade that their Take profit
was not closed despite the fact that the PRICE (bid) reached and even went beyond their target point?
When the spread become widened
beyond normal, it is good to stay our of the market but if you can bear it, well, there is no harm in that but can you continue paying your Broker
more than you are paying yourself and bad enough, to your own trade detriment?
Remember that your target point may not get hit before the price
reversed due to exorbitant spread. I believe it is not fair!
That is why this indicator is created for timely information on spread, it
works on all instruments and irrespective of the Broker your are using.
You can customize it with any color your desire due to the color
formation of your chart and its background.
Cheers.
