MetaTrader India

Spread MetaTrader indicator — displays current spread in the main window of the chart. You can modify the font parameters, indicator’s position and the normalization of the spread value. The spread is redrawn after each tick, ensuring the most current and active spread value. This can be useful for brokers with variable spreads or with spreads that are widened often. The indicator is available for both MT4 and MT5.

Input parameters:

• font_color (default = Red) — color of the spread indicator.
• font_size (default = 14) — size of the spread indicator.
• font_face (default = “Arial”) — font of the spread indicator.
• corner (default = 0/ANCHOR_LEFT_UPPER) — location for the spread indicator. In MT4: 0 — for top-left corner, 1 — top-right, 2 — bottom-left, 3 — bottom-right. In MT5 it’s quite obvious.
• spread_distance_x (default = 10) — horizontal distance from the corner to indicator.
• spread_distance_y (default = 130) — vertical distance from the corner to indicator.
• normalize (default = false) — if true then the spread value is normalized and is given in conventional pips. If false then the spread is given in the current pips as is. Can be useful for nonstandard quotes.

This indicator can’t be used to generate trading signals. It can only assist you to make trading decisions, set proper stop-loss or take-profit levels and inform of the current market situation in a simple and fast manner.

Source: http://www.earnforex.com/metatrader-indicators/Spread eMeta

The trading system in MetaTrader 5 differs from that of MetaTrader 4 in its basics. First of all, four types of trade operation execution are supported in MetaTrader 5: Market, Instant, Request and Exchange. Secondly, the new terminal accepts the strict delimitation between the notions of Order, Trade and Position.

To view the full article, please visit: http://www.metatraderglobal.com/253/metatrader-5-trading-system/