Spread monitor forex

Author: blondy Date: 29.05.2017

Below you have an images how the Spread with Bid and Ask Prices oscillate during the normal Market conditions. This is an example for GbpUsd and UsdJpy Spread values as well as Bid and Ask Prices during the last minutes.

As you know the information is Power — the Power of knowing what to expect and what happened on your platform. Do you want to know if your broker is changing the Spread way too fast and it is way too big?

Using Spread Monitor you can see very easy what was the last changes of Spread as well as the current Spread. Using the Bid Ask Monitor you can see which prices are being changed when you have a big Spread — is it being Bid price or is it being Ask price?

Brokers increase their spread during News Releases — sometimes they increase the Bid Price — sometimes they increase the Ask Price, but they definitely increase the Spread. Here is an example how the Spread changed only on EurUsd — a German News Release.

spread monitor forex

Click on the image to enlarge. You will see that the Spread went all the way up to 5 times more then usual and it stayed like that for around seconds. Here is an example how the Spread changed only on GbpUsd and GbpChf during a News Release in United Kingdom. Like in previous case it jumped also around 5 times bigger then the max spread during normal market hours. There is nothing easier than that — you can either use the automated installer we provide below or use the indicator files to copy them manually into your Meta Trader platform.

Also we provide 2 templates that will help you apply both indicators in the same time on a chart with either Black or White backgrounds.

spread monitor forex

The only thing you need to do is just apply it and let it work and show the data. Close your MT4 Platform and open it again 4.

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Under the Custom Indicators on the left side under the Navigator Window you will find the indicators 5. Every-time you will change Time-Frames the data will be saved and will be able to see it on the timeframe you switched to.

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You can use both indicators on multiple charts — as long as the charts are for different currency pairs. For Example if you want to see how the Spread is changing on EurUsd and UsdChf you need to make sure you have the indicators only on one chart of EurUsd and on one chart of UsdChf. If you will have the indicators on multiple charts of the same pair, e. EurUsd, when you will try to change timeframes you could loose some data.

In order to be able to access these great indicators you need to Signed In. You can Sign Up for FREE using this Registration Link. You will be mailed your password by e-mail.

FXCM spread on EURUSD: Real time spread monitoring and statistics

Feel free to leave your feedback below as well as share with us how your broker is changing the Spread during News Releases and breaking news. Your email address will not be published.

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You may use these HTML tags and attributes: Spread and Bid Ask Monitor. What is Spread and Bid Ask Monitor? Why do I need it? Can I check how Spread changed during News? How do I install Spread and BidAsk Monitor on my Meta Trader 4 Platform?

Check this video on how to apply the indicators. Also you will see here how to use them. October 21, at 1: May 27, at 6: Leave a Reply Cancel reply Your email address will not be published.

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