SpreadWatch - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources
This indicator is ideal for scalpers who need to know the maximum spread possible with a broker. This will limit his stop loss. Stop loss should be higher than the maximum spread to minimize stop loss and slippage issues.
Includes minimum spreads.
Attachment download
📎 spreadwatch.mq4 (5.38 KB)
📎 spreadwatch2.mq4 (7.17 KB)
Source: MQL5 #27942
SpreadWatch - MetaTrader 4 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
SpreadWatch - 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. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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