Tag Archives: spread recorder

Metatrader Spread Recorder Indicator

forex spread recorder

Hi everyone. I just came across a neat metatrader 4 indicator that records the spread history of any currency pair you choose. Basically the way it works is you attach it to the chart of any given currency pair you prefer and it will record to a file every change in that currency pair’s spread (difference between bid and ask) until you tell it to stop recording.

This can be a really useful tool to keep an eye on your broker if you suspect that they’re doing something fishy like artificially raising the spread at key times during specific trading sessions, or it can of course be used as a mere curiosity and research tool.

For me this indicator is most useful in finding whether a particular broker is well suited for the Asian session scalper EAs that I use.

You can get this indicator by visiting the thread I created on the Forex Nirvana forum. You have to register to download the indicator, but worry not, the registration process is really quick and easy. Here is the link you need:

http://www.forexnirvana.com/f16/metatrader-spread-recorder-indicator-2159/

Hope you find this post useful!

Cheers,

Alan