[New product] "Spread_Meta" on sale
Hello, this is 2pay!
We have released a new indicator after a long time.
It is called “Spread_Meta.”
It is an indicator that displays spreads over time.
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One of the closest things is volume.
The increases and decreases in the histogram provide information from different axes than the candles.
The difference from volume is that
・Volume: counts the number of trades and visualizes that trading is active.
・Spread: visualizes low liquidity, imbalance, and risk.
such is the idea.
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・When will the early morning spread expansion subside?
・Why does the spread widen at economic data releases?
・What does it mean when brokers do not run spread-reduction campaigns?
These questions are answered by comparing spreads to the market mechanism.
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In addition, it becomes easy to compare spreads by broker.
Rates (and spreads) offered by brokers have their average values change every few months.
Cases where the average from January to March was 0.5 pips and from April the average shrinks to 0.3 pips are common.
This is not only a macro-level story but something that happens repeatedly within a day.
Spread shrinking and expansion occur more often in a regular, rather than irregular, pattern.
If you time your entries carefully, you can halve the spread cost.
If it is moving around 0.2–0.4 pips, you enter at the timing of the 0.2-pip bars that come cyclically.
Let’s simulate the savings of 0.2 pips.
If you trade an average of 3 times per day,
20 (business days) * 3 (times) * 0.2 (pips) = 12 (pips)
and you can save 12 pips per month.
Usually, assuming a monthly FX profit range of about +100 to +300 pips, the savings effect is about 4–12%.
A 10% improvement in losses is not negligible.
The essence of spreads is a separate topic, but all details are listed on the product page, so please take a look.
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Besides Mean_Bias, we offer indicators that consider large institutional traders and time awareness.
Please stop by the 2pay shop.
◇ 2pay’s latest release is clearly in a different league.
◇ The origin and most popular indicator from 2pay
◇ When used together, it becomes even more powerful. A highly recommended derivative product