Excerpt from product page

Warning:

Do you really know the spreads you are being charged?

 

The Broker Spread Monitoring EA

 






[]













Broker spread widening – introduction

When I started trading Forex trading things were very simple. The difference between the buy and sell prices was called the spread and it stayed pretty consistent (although spreads were slightly higher than today).

[]

Today the common and general practice of spread widening by brokers could be killing the retail industry and “killing the Goose that lays the Golden Eggs”.

It is a bit like the elephant in the room – everybody knows it is there but nobody want to talk about it. Now and then there is a comment  “be careful of announcements” but nothing is really addressing the real problem.

In general Brokers used changing liquidity as an excuse for fluctuating spreads. The size of spreads are not strictly regulated or legislated so now Broker are pushing spread widening to the extremes. And how do we know this. A few years back we designed a broker spread monitor that recorded the minimum, maximum and average spreads on our live trading accounts. In fact this monitor is now pretty standard on all Expert4x EA’s.







Measuring Broker spread widening

A few months back we started a practice of testing our EA’s on small live accounts rather than back trading demo accounts. The results of 1 months back trading and 1 months forward trading on a live account are so different it is scary. In fact most trading EA’s have become extremely handicapped by this and that is why we are only using forward trading on live accounts as the best EA testing method.

Normal and accepted practice

So what is now regarded a normal practice:
When there is an important Economic announcements it is not uncommon for certain Brokers to increase spreads from 2 pips to 30 pips to discourage trading during that announcement. Discouraging trading during an announcements is one thing but what about the ordinary swing trader that trades on a longer term basis. This is a huge minefield that has to be catered for. Over weekends spreads general increase by up to 40 pips. Again a challenge for swing traders. We have noticed what appears to be a general clean-up practice before the open on the UK and US markets that Brokers spike spreads to “clean out the trading book” prior to the session.
So often deals are stopped out when the price did not come remotely close to the stops or pending orders.

Some brokers even use what they think is fair game to hunt stops where by spiking the spread for a micro second buy stops  or buy pending orders can be activated where the actual normal price did not come close to those levels. This conveniently clears a whole level of orders off the books.

There is not much regulation to prevent today’s common practices. A few years back FXCM was involved in a Class action where a group on investors proved that FXCM was using immoral methods and software to manage trading results. FXCM also needed to reach settlements with the NFA and CFTC about these claims.

The problem today that these excessive spread management practices have become generally accepted and are not regarded as unfair – just something we retail traders need to live with. A bit of a “like it or leave” attitude. Times are changing.  Luckily some Brokers are better than others but they need monitoring.







The Broker Spread Monitor  is now available for purchase:-

 

WARNING: – When using it for the first time get ready for a few shocks.
SHOCK 1: Broker spread variations during the day is critical information for any trader. We have seen huge variations of 4 to 6 pips in quite times on certain currencies and brokers. With this information you will know for sure how much the spreads vary for each currency. These variations can result in not only your STOPS being hit un-expectantly but more importantly will impact your ENTRY prices and how your TARGETS are reached. SHOCK 2: You will be shocked to see what the actual average spread charged is day by day when brokers use variable and even fixed spreads. SHOCK 3: We have recorded very high spreads when in high liquidity times of trading when brokers should be charging and maintaining lower spreads. SHOCK 4: The maximum and minimum spreads for a day are sometimes within minutes of each other due to unexplained spikes that occur in seconds – too fast for the eye to see…..
You really can not afford to be without it !!

The EA has the functionality of an indicator and with no automatic trading abilities. It supplies valuable information. The EA has full free technical support and you will be given access to a personal webpage which will contain your fully automated download information.







Purchase This Forex Trading Tool for $ 8.99

Your purchase of the licensed Forex Broker Spread Monitor EA entitles you to use it as many times and on as many currencies and charts as you like as long as the EA is not used on more than 2 computers at the same time.

If you need more info> [Contact US]




[]






















ClickBank Disclaimer - ClickBank is a registered trademark of Keynetics Inc., a Delaware corporation. www.Expert4x.com is not affiliated with Keynetics Inc. in any way, nor does Keynetics Inc. sponsor or approve any www.Expert4x.com.com product. Keynetics Inc. expresses no opinion as to the correctness of any of the statements made by www.mt4ForexweekendEA.com in the materials on this Web page.







[Home ]      [Contact Us]      [Legal Disclaimers / Warnings]        [Privacy Statement]







CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. All results shown on this website are hypothetical, back-tested results.

No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading.

All information on this website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold the Mt4 Weekend Gap EA team and any authorized distributors of this information harmless in any and all ways.

The use of this website constitutes acceptance of our user agreement.

 

Sites you may be interested in

Tags

> No Tags <

This product is also listed in

Business / Investing Foreign Exchange

Trends

popularity
lower = better; 1 = best

Pingback / Trackback



In database since 2015-09-05 and last updated on 2015-12-04
 
Random Synapse Stuff