Spread Normalization - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
The use of this indicator in crosses (e.g. EURAUD, GBPAUD, EURGBP, etc.) depends on the correlation of currencies. Usually I use it with timaframe Daily. But I think it could be used in another time frame. Importantly available for commodities and stocks.
Now I use it, without EA .. I have to do this, usually I use it in manual when it falls -0.3, I open a position on buy and 0.3 on sell.
Attachment download
📎Spread_Normalized.mq4 (3.04 KB)
Source: MQL5 #10569
Spread standardization - MetaTrader 4 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
Spread normalization - MetaTrader 4 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Focus on spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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