Forex Spread Recorder Indicator for MT4
Track and compare spreads across different brokers throughout the trading day. This indicator automatically records spread data to help you identify the best times to trade and compare broker pricing.
The MT4 spread recorder is a useful tool if you want to monitor and compare spreads of different brokers throughout the day.
How to use it?
Just attach the indicator to your chart and it will record the spread. In MT4 go to File > Open Data Folder, then MQL4 > Files > Spread_Recording. (On builds older than 600 the folder was experts\files under the installation directory.)
Simply remove the indicator to stop recording the spreads.
Here's a screenshot of how the recording looks like:
Download Forex Spread Recorder
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How to Install (5 Steps)
Download the Indicator
Click the download button to get the ZIP file
Extract Files
Unzip to access the indicator files
Copy to Indicators
In MT4: File > Open Data Folder > MQL4 > Indicators
Restart MT4
Close and reopen MetaTrader 4
Attach to Chart
Drag the indicator onto your chart to begin recording
Frequently Asked Questions
Where are the recorded spread files saved?
In MT4 go to File > Open Data Folder, then MQL4 > Files > Spread_Recording. (On builds older than 600 the folder was experts\files under the installation directory.) You can open these files in Excel or any text editor.
How do I stop recording spreads?
Simply remove the indicator from your chart to stop recording. The data recorded up to that point will be saved.
Can I compare multiple brokers at once?
Yes, install MT4 terminals from different brokers and run the spread recorder on each. Then compare the exported data files.
Save on Every Trade
Use Forex Spread Recorder with these brokers and get instant commission discounts
IC Markets
$1.50/lot (21.5% off) instant discount
Consistently tight spreads, especially on Raw Spread accounts
Axi
$1.50/lot (21.5% off) instant discount
Competitive spreads on Pro accounts
Ready to Use Forex Spread Recorder?
Download now and start identifying better trading opportunities
Download Free100% free, no signup required. Works with MT4.