Tag «forex»

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 …

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 …

NZDJPY Sentiment Bearish Despite Strong Bullish Seasonality

TradeProofer’s NZDJPY sentiment has turned bearish despite the NZDJPY having a bullish seasonal tendency in Sep, Oct, Nov & December. Between 2002 to 2020 the Kiwi-Yen has only had 5 bearish Septembers, 6 bearish Octobers, 4 bearish Novembers, and 4 bearish Decembers. If we exclude the anomaly of the 2008 GFC, downside on NZDJPY has …

AUDUSD Sentiment Swings Bullish, NZDUSD Bearish

TradeProofer’s community sentiment for AUDUSD has turned bullish today, however the kiwi counterpart remains bearish. AUDUSD sentiment is 63% bullish, whereas NZDUSD sentiment holds 76% bearish! On the AUDUSD 1h Chart I currently hold a buy position with a tight stop. Price has broken the descending trendline, and the RSI is attempting to point higher. …

Reducing Slippage By Changing Symbol Traded

Any forex trader knows that the performance of a strategy changes depending upon the symbol traded. Less commonly known is the fact that your slippage amounts can be significantly impacted by the symbol traded. To get to the bottom of what symbol you have the best trade execution simply join TradeProofer’s community and run free …

Is Your Broker Slipping Trades More Than Normal?

Slippage is the when a trade is opened at a price that is different from the requested price. This can occur due to lack of liquidity in the markets, or because of high volatility. Slippage can negatively impact your trading P/L, so it is important to be aware of when it happens. TradeProofer’s proprietary software …

NZDUSD Sentiment Shifts Bearish

TradeProofer’s NZDUSD sentiment has shifted bearish as the pair falls. The pair is currently resting at the 21.4% fibo level at 0.7090. The next fibonacci support level is the 38.2% level, at 0.7030.

FP Markets #1 GBPUSD Spreads

In August FP Markets Raw had the lowest spread on average, with a monthly spread average of 0.46 pips, far below the August GBPUSD average of all 50 broker feeds that TradeProofer records or 1.29 pips.Below you can see FP Markets Raw GBPUSD weekly spread averages over the last 5 weeks, compared against the TradeProofer …

The 10 Best EURUSD Brokers in March 2021

As a trader it can be difficult finding the best place to trade. Between finding a broker that you can trust, making sure that they have good spreads & making sure the commissions are low, it can be a complete handful finding a reliable broker. Luckily TradeProofer can help, thanks to our community of Forex …