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MT4 Spread size?
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MT4 Spread size?

  #1 (permalink)
Trading Apprentice
Manchester
 
Futures Experience: Beginner
Platform: Metatrader, NinjaTrader
Favorite Futures: Forex, options, futures
 
Posts: 3 since Aug 2014
Thanks: 0 given, 1 received

MT4 Spread size?

Just a quick question...is the spread on MT4 based on the broker used for the demo account? or is it just a generic mt4 spread? I'm with FXCM and it's pretty unrealistic when trying to trade! Not sure if I set it up correctly or missed something.

Thanks

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  #2 (permalink)
Elite Member
Valdosta, GA. U.S.A
 
Futures Experience: Advanced
Platform: Sierra ,NT, TOS
Favorite Futures: 6E, 6J, CL, GC
 
Posts: 480 since Sep 2010
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Spreads

Yes...from all the forex Brokers i used it is based on their formula...some better than others.
Spreads will be much wider around news time , and in off hours for that pair.
if you allow the spread to show on the screen along with bid line you will be able to see how large
the spread actually is compared to size chart you are trading on.
Over the week end it will be really wide from what i remember.

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  #3 (permalink)
Trading Apprentice
Berlin / Germany
 
Futures Experience: Intermediate
Platform: MetaTrader
Favorite Futures: Forex
 
Posts: 7 since Aug 2015
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There are also some indicators that can be downloade from the metatrader codebase which display the amount of spread on the chart.

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  #4 (permalink)
Trading Apprentice
Bangkok Thailand
 
Futures Experience: Advanced
Platform: IB, MC, Python
Favorite Futures: Forex, CL, ES
 
Posts: 31 since May 2016
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Based on the broker. There will be also differences sometime between a demo and a real account, as well as between different account types with the same broker.

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