Author: Vangabestia
Hey fellow traders! Today, I want to share an invaluable tool that has been a game changer for my trading strategy – the Spread Normalized indicator for MetaTrader 4. If you’re trading cross pairs like EURAUD, GBPAUD, or EURGBP, this indicator can be a real asset, especially when considering the correlation between currencies.
I've primarily used it on the Daily timeframe, but don’t hesitate to experiment with other timeframes too. The beauty of this indicator is that it’s versatile enough to be applied in commodities and stocks as well.
Currently, I’m not using it with an Expert Advisor (or EA), but that’s on my to-do list! For now, I rely on it for manual trading. My strategy is straightforward: when the spread dips below -0.3, I go long, and when it climbs above 0.3, I take a short position.
Give it a try and see how it enhances your trading! Happy trading!
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