TradeProofer Partners With ForexVPS.net

TradeProofer has announced a partnership with ForexVPS on Tuesday, the 22nd of March 2022. The trade execution analysis service has made the partnership to support their retail clients service. By operating TradeProofer’s expert advisor 24/7 traders ensure that the technology will be able to analyse all trades. Sign up to ForexVPS.net to TradeProof 24/7! Why …

TradeProofer Show Spread Expert Advisor

TradeProofer’s latest expert advisor displays the spread on the chart at all times. Simply add the expert to a chart, input the desired text font & colour, and enjoy the ease of seeing the spread! For those of you MQL4 wizz’s the code used is below. Feel free to implement this into your own expert …

TRADEPROOFER TREND TANK EXPERT ADVISOR

Identifying a forex trend is hard, we know. TradeProofer has previously sought to only provide trade execution analysis rather than trade ideas, however the demand we’ve had to add tools to traders arsenals has been overwhelming! Over the coming weeks and months TradeProofer will be publishing a series of unique expert advisors and indicators! WE …

Are You Being Robbed On Cryptocurrency Spreads?

TradeProofer’s industry index on a 5 week average shows that the average spread is: $29.915 on Bitcoin (BTC/USD)$4.214 on Ethereum (ETH/USD)$2.132 on Bitcoin Cash (BCH/USD)$1.287 on Dash (DSH/USD)$0.006 on Cardano (ADA/USD) Despite digital assets being rapidly adopted there are still extremely large discrepancies between how brokers price the new asset class. Most brokers tend to …

NZD/JPY Sentiment Swings Bullish

TradeProofer’s NZDJPY sentiment has swung bullish, and the daily bullish structure is still in tact. This is despite the recent sell off having strong momentum. NZD/JPY has traded into the previous resistance trendline which may act as a support. Price has been extremely bearish over the last few trading days, as traders look to hedge …

TradeProofer’s Best Broker For Execution

Currently TradeProofer’s best execution broker is Fusion Markets on their Zero account. Fusion Markets is an ASIC regulated forex broker that offers multi-asset trading across 170+ different products. TradeProofer data shows that Fusion Markets has executed an outstanding 95% of trades inline with their spreads. This means that only 5% of trades executed had slippage …

RBA Today – Will Rate Hikes Be Announced Earlier Than Expected?

The Melbourne cup takes place in Australia today, a world renowned horse race event. The RBA has decided to get in on todays excitement, and will be announcing their Interest Rate Decision at 15:30 AEST today. The Commonwealth Bank of Australia has forecasted that the RBA will hike rates in November 2022. Despite this, the …

XAUUSD Spreads Enter A New Era!

Brokers have been busy cutting spreads over the last year across forex major symbols. Gold has been no exception to this, with gold spreads getting progressively lower. We have now entered a new era of gold spreads however. Only one year ago brokers spread averages on XAUUSD were around a 20 cent spread. Now TradeProofer …

USD Sentiment Bearish, XAUUSD Sentiment Turns Bearish Too

TradeProofer’s retail sentiment is sell the Greenback, sell gold. Both market bias’s seem to be correct at the moment, as multi-year highs on oil spur USDCAD downside, and gold has rebounded again out of a significant resistance. USDCAD is back below the 1.2400 significant level, and has closed 4 weeks in a row bearish. It …

Do Your Broker’s Spreads Compete With TradeProofer’s Spread Index’s?

It’s easy to lose track of the bigger picture when looking at short term spread changes. Let’s have a look at the Month Over Month spread averages for TradeProofer’s Industry index across major forex symbols. In Q4 last year we saw FX Brokers drastically cutting spreads M.o.M. In the last few months spreads have stabilised …