Spread-History in mt4?

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forexjake80
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Spread-History in mt4?

Postby forexjake80 » Mon Jan 24, 2011 11:50 pm

hey,

is there any way to see the spread (probably the average spread / candle) in the past, just like i can see the bid-candles? I would also love to use that data in mq4.

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Postby flinux » Tue Jan 25, 2011 12:14 am

Hi!
No isn't possibile, because the only way to know Bid & Ask is using the MarketInfo function.
MarketInfo function returns you only the value in real time.
At least it's possibile to store those values (in real-time) and make an history!
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Postby bredin » Tue Jan 25, 2011 1:25 am

Its not possible for past data since MT4 doesnt ever record it, and if I understand correctly neither will MT5 both will remain limited to 1min resolution despite traders demands for this change... other platforms keep both bid and ask tickdata though ;)

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Postby forexjake80 » Tue Jan 25, 2011 9:54 am

arrrr.... well, it figgures :P Does anyone remember if tro ever wrote an indi, which gives an alert when the spread becomes wide/high ?
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Postby Relativity » Tue Jan 25, 2011 12:07 pm

This? I've considered spread analysis before, but found it too difficult. Maybe you can spot something?

http://codebase.mql4.com/6183

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Postby forexjake80 » Tue Jan 25, 2011 12:19 pm

Well, the idear behind it is fairly simple, although it took me 2 years to figgure it out. Didnt test it yet, though. Avery keeps saying, fixed spread is a scam. Why is that?
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Postby Relativity » Tue Jan 25, 2011 12:41 pm

Fixed spreads = bucket shops + http://www.100forexbrokers.com/stp-ecn-brokers ? But I can be wrong lol. I was thinking of analysing spread history to give us a hint of up coming trends. e.g. expanding spread = increased volatility? Admittedly, I am out of ideas on research here.

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Postby forexjake80 » Tue Jan 25, 2011 1:01 pm

Sure, Fixed Spread Bandit = Scam = Bucket shop. But why is that?

The first thing you learn at kreslik by the way is, that you have been tricked into thinking, there was a trend.
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Postby bredin » Tue Jan 25, 2011 8:07 pm

They are outright stating "we are hiding the real market spread, and therefore real market price, from you"

Lets say they claim "2.0 pips spread on EU": well ive seen spread on EU hit 0 at GoMarkets, and I know they charge about 0.8pips on EU themselves, so when spreads get very tight they make more money from each trade placed then.

Next part of the scam is called Slippage.... if the spread widens past their magic number they introduce "Slippage" to either ensure they make their money or kill your trade outright (ie they make no loss). They can do this easily because we dont know what the market price is....

And finally they can stop hunt and take profit avoid at will because we dont know the actual market price...

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