spread informer
Info
The spread informer is a Expert Advisor for MetaTrader 5 that this ea collects information about the spread and shows the statistics on the chart. when the ea ends its working, it prints all statistics to the journal, which can be useful for the strategy tester.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use spread informer
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
this ea collects information about the spread and shows the statistics on the chart.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: Real Cost Spread P95 Logger MT5 - another powerful expert for MetaTrader 5 traders.
this ea collects information about the spread and shows the statistics on the chart.
Also recommended: Positions Change Informer - similar expert with strong performance on MetaTrader 5.
when the ea ends its working, it prints all statistics to the journal, which can be useful for the strategy tester. for example, if you want to know all information about the spread of historical data in the tester for a certain period.input parameters
'max. spread'
parameter value in points, for example: 1.12001 - 1.12000 = 1 point.when the current spread exceeds this value there will be an alert.if the parameter value = 0, this function does not work.
'minimum alert interval (in seconds)'
- after the alert, the next alert will not be earlier than specified in this parameter.
v.1.01
- new input parameter is 'minimum alert interval (in seconds)'. after the alert, the next alert will not be earlier than specified in this parameter.
v.1.02
- added information about the current spread.
You may also like: hf t spreader for fo r t s - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.02"
input int MaxSpread_ = 0;//Max. Spread(in points,0-OFF)
input int SpreadAlertInterval_ = 0;//Minimum Alert Interval (in seconds)
bool _IsVisual = !MQLInfoInteger(MQL_TESTER) || MQLInfoInteger(MQL_VISUAL_MODE);
int _PrevSpread = 0;
int _MaxSpread = 0;
datetime _MaxSpreadTime = 0;
int _MinSpread = 0;.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.