BEst ea for SpreadProbe

For solving the problem of trader who is suffering with low spreads among other things. it is the right EA who show you the spreads given by your broker.
The out put is stored in the file in experts\files folder. and it wil have three columns.

this ea do good work  i like it very much i download it and run on my mt4 its result very nice

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hello, there is no ea my friend to download, I think you forgot, can you please upload this ea. thanks

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ranifa wrote:

For solving the problem of trader who is suffering with low spreads among other things. it is the right EA who show you the spreads given by your broker.
The out put is stored in the file in experts\files folder. and it wil have three columns.

hey friend pls be specific about what youu share. this is not an automated expert advisor. its just a tool.
thanks
krish

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can you tell us how to run your ea with what setting for this tool as it look nice to use

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This Expert Advisor named SpreadProbe, is designed to monitor and record the bid-ask spread of a financial instrument on a MetaTrader 4 (MT4) chart.

Here's how it works:

Interval Setting: You can set the time interval (in minutes) over which the bid-ask spread is averaged. This is done using the "Interval" parameter. The default value is 15 minutes.
Initialization: When you attach this EA to a chart, it checks if it has already been initialized. If not, it sets the specified interval and prepares to start recording spread data.
Data File: The EA creates a data file to store the spread information. The file's name includes the symbol of the financial instrument, the interval, and the date. For example, if you attach it to a EUR/USD chart with a 15-minute interval on a specific date, it would create a file like "EURUSD_BidAskSpread(15)_YYYYMMDD.txt."
Recording Spread: The EA continuously monitors the bid and ask prices and records the bid-ask spread at the end of each interval. It keeps track of the total spread and the number of ticks (price changes) within the interval.
Interval Completion: When the current time exceeds the end of the specified interval, it closes the current interval and starts a new one. It records the average spread over the completed interval and resets the spread accumulation for the new interval.
Deinitialization: When you remove the EA from the chart or change the symbol or time frame, it saves the final data for the current interval and closes the data file.
File Format: The data file contains three columns: the start time of the interval, the end time of the interval, and the average spread for that interval. The time is in seconds since the epoch, which is a way to represent time.
Alerts: The EA provides alerts if you set an interval that doesn't meet its requirements (e.g., intervals must be multiples of 5 between 5 and 60 minutes).
In summary, SpreadProbe records the average bid-ask spread for a specified time interval and stores this information in a text file. It's a basic tool for monitoring and analyzing spread changes over time, which can be helpful for traders and analysts in understanding market dynamics.

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can you tell us how to run your ea with what setting for this tool as it look nice to use

Certainly, if you'd like to use the SpreadProbe EA for monitoring and recording bid-ask spreads in MetaTrader 4, here are the steps and settings to follow:

Attach the EA to a Chart:

Open your MetaTrader 4 platform.
In the "Navigator" panel, find the "Expert Advisors" section and locate "SpreadProbe."
Drag and drop "SpreadProbe" onto the chart you want to monitor.

Set the Interval:

By default, the EA is set to use a 15-minute interval. If you want to change this interval, you can do so by modifying the "Interval" parameter in the EA settings. Right-click on the chart where the EA is attached, choose "Expert Advisors," and then click on "Properties." You can adjust the "Interval" parameter to your desired value (in minutes). Remember that it should be a multiple of 5 and between 5 and 60 minutes.

Check Alerts:

The EA provides alerts if you set an interval that doesn't meet its requirements (e.g., not a multiple of 5 or outside the 5-60 minute range). So, pay attention to any alerts in the "Experts" or "Alerts" tabs at the bottom of your MetaTrader 4 platform. If you receive an alert, it will suggest a corrected interval value.

Data File:

The EA will create a data file to store the spread information. It uses the symbol of the financial instrument, the interval, and the date to name the file. You can locate this file in your MetaTrader's "Files" section, typically found under "File" in the top menu.

Data Analysis:

Once you've attached the EA to the chart and set your desired interval, it will start recording the bid-ask spread data in the background. You can analyze the data in the generated text file for your trading or analysis needs.

Deinitialize Correctly:

When you're done using the EA or want to change the chart's symbol or time frame, make sure to remove the EA from the chart properly. The EA will save the final data for the current interval and close the data file.

Please note that this EA is primarily designed for monitoring spread data and storing it for later analysis. It doesn't execute trades or provide signals. Use it as a tool to gain insights into how the spread of a specific financial instrument evolves over time.

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ranifa wrote:

For solving the problem of trader who is suffering with low spreads among other things. it is the right EA who show you the spreads given by your broker.
The out put is stored in the file in experts\files folder. and it wil have three columns.

hey friend pls be specific about what youu share. this is not an automated expert advisor. its just a tool.
thanks
krish

You are absolutely right, that the SpreadProbe EA is not an automated trading expert advisor that executes trades or provides trading signals. It serves as a tool for traders who want to monitor and analyze the spreads offered by their broker. The primary purpose of this tool is to record and store bid-ask spread data in a file for later analysis.

The output is saved in a file within the "experts\files" folder of your MetaTrader platform, and it consists of three columns: the start time of the interval, the end time of the interval, and the average spread for that specific time frame. This data can be useful for traders and analysts who want to gain insights into how spreads change over time with their chosen broker.

So, it is rather a data collection and analysis tool to help you make more informed decisions based on historical spread data.

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