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Posts Tagged ‘Spreads’

Spread monitor

July 1st, 2009

I started thinking about a web application today that would publish the spreads of the top MetaTrader 4 brokers both in real time and with historical data. My idea was to open accounts at the interesting ones and run a small EA that recorded every tick to a database for further analysis by the web application. So I did a google search of course. It has been done before, partly.

Check it out, it is quite nice: http://www.onestepremoved.com/spreads.html

If I were to go ahead with my application anyhow it would include more bells and whistles. Most notably it would have spread history. I really would like to see the average spread over a definable time (like the Asian session) and a histogram of the distribution and so on. It would also be nice to see the rollover costs on the pair (some brokers take much more in swaps to be able to afford lower spreads). Also I would like to see some other brokers, like Forex.com/UK and CMSFX. But this one will do for now :)