SpreadWatcher Pro

Professional Spread Monitoring & Analysis for Smarter Trading Decisions (specially for PROP FIRMS)

SpreadWatcher Pro is a powerful MetaTrader 5 (MT5) Expert Advisor designed to track, analyze, and optimize trading conditions by monitoring real-time and historical spreads across multiple currency pairs and assets.
Whether you're a scalper, day trader, or swing trader, understanding spreads is crucial for maximizing profitability. How to use it efficiently in your trading plan? Check the 1st comment.

After buying this let me know and get a gift "DrawDown Monitor" or "Trailing Take Profit EA"(which follows the price but triggers when the price moves in the opposite direction, helping to limit losses) for free, worth 99$.

? Key Features

✅ Multi-Symbol Tracking – Monitor spreads on all Market Watch symbols or a custom selection.
✅ Real-Time & Historical Data – Logs and analyzes spreads over time, storing up to 7 days of data.
✅ Optimal Trading Times Detection – Identifies the best hours to trade based on lowest spread conditions.
✅ Server Time Window Analysis – Customize your preferred trading window (e.g., London-New York overlap) and see average spreads during those hours.
✅ Advanced Spread Statistics – Tracks min, max, average, and standard deviation of spreads.
✅ Swap Monitoring – Displays long/short swap values for each symbol (optional).
✅ Customizable Alerts – Highlights when spreads are below a user-defined optimal threshold.
✅ User-Friendly Display – Clean, customizable chart overlay with color-coded columns for quick analysis.
✅ Dark/Light Mode – Adjustable chart appearance for better visibility.

? Why SpreadWatcher Pro?

• Avoid Slippage & High Costs – Know when spreads are tightest to minimize trading costs.

• Data-Driven Decisions – Historical spread analysis helps you plan entries & exits strategically.

• Flexible & Customizable – Works with any broker, any symbol, and adapts to your trading style.

• No More Guesswork – Instead of manually checking spreads, let SpreadWatcher Pro do the work for you.
  
  

? Who Is This For?

✔ Scalpers – Find the lowest spreads for ultra-fast trades.
✔ Day Traders – Optimize entries during high-liquidity periods.
✔ Swing Traders – Avoid trading during high-spread, low-liquidity times.
✔ EA Developers – Use spread data to enhance algorithmic strategies.

? How It Works

1. Load onto any MT5 chart (works best on a separate chart).

2. Choose symbols (all Market Watch or custom selection).

3. Set your preferred time window (e.g., "08:00-22:00" for London/NY overlap).

4. Let it run – It continuously logs spreads and updates statistics.

5. Trade smarter – Use the data to avoid high spreads and capitalize on optimal conditions.
   
   

⚠️ *This tool is provided 'as-is.' The developer disclaims all liability for losses or damages resulting from its use.
      Trade at your own discretion.*

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