spread lister - current, min, max
Info
The spread lister - current, min, max is a Expert Advisor for MetaTrader 5 that spread lister - current, min, maxmotivation to create such an ea:all brokers have different rules on spreads - incl. fixed spread accounts, ecn, regular etc.
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 lister - current, min, max
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
spread lister - current, min, maxmotivation to create such an ea:all brokers have different rules on spreads - incl.
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.
spread lister - current, min, max
motivation to create such an ea:
all brokers have different rules on spreads - incl. fixed spread accounts, ecn, regular etc.
Also recommended: hf t spreader for fo r t s - similar expert with strong performance on MetaTrader 5.
some market eas do have a build-in spread filter, others are developing own eas with the need to know and potentially filter high spread phases.therefore it is important to know the spreads with your broker and account. otherwise, one ea and settings might work for one trader while another would fail.
description:
this simple ea can be assigned to any chart that is not used for real trading.
the min and max values are listed per day. the table / min max values will be reset at midnight (broker and terminal time). you may decide to toggle to pips instead of points in the settings.
all instruments that are in your market watch (shortcut ctrl-u) are shown by default.
you may decide to sort by highest spread in the settings as well.
as formatting with standard comment function is an issue, i created a box and inserted the values. every line gets a new obj_label. background and chart is not used, so grid and background can be removed.
please find attached the mq5 code plus (in the zip) the compiled ex5.
screenshot of ea result on chart:
screenshot of the settings:
You may also like: negative spread - excellent alternative for expert users on MetaTrader 5.
Source Code
яю//+------------------------------------------------------------------+
#property strict
input int InputTimerSeconds = 1; //timer in seconds
input bool InputSortByCurrentSpread = false; // sorting by Spread?
input int InputPrintDecimals = 1; //# decimal points
input bool InputHideInactiveSymbols = true; // only active in Market Watch
input bool InputShowAsPips = false; // shows Pips instead of Points
input double InputCustomPipFactorInPoints = 0.0; //pip factor auto=0, 3&5-digit=10
input string InputFontName = "Courier New"; // "Consolas" as fallback
input int InputFontSize = 10; // font size 10 by default.......
⚠ 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.