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[EA] Cost Of Trading

#1
Hi

I created a small EA that compute the Cost Of Trading in realtime
you need to use "ticks based on history" mode

Cost Of Trading depends on two factors :
1) The spread of the asset of course
2) The volatility of the asset (if there is higher volatility, the profits will be higher, so positions will be smaller thus less cost) and its price

This shows that some assets aren't worth trying (indices) while other are cheap enough (forex, stocks, crypto)
formula is simply:

Code: Select all

 cost_[i] = spread / ((atr /c)*100.0);
where c is bid, ask or (ask+bid)/2.0

you can put any asset in the settings

here is an example of output:
from 2/6/2021 to 11/3/2021 :
(first value is the current price of trading, mean is the mean from the beginning

Code: Select all

Cost of asset AUDUSD = 46.17 (mean = 11.97)
Cost of asset AUDCAD = 141.2 (mean = 56.09)
Cost of asset UK100 = 1327.74 (mean = 688.89)
Cost of asset US30 = 838.06 (mean = 1434.11)
Cost of asset US500 = 131.3 (mean = 276.77)
Cost of asset ABT.NYSE = 41.69 (mean = 63.11)
Cost of asset ANTM.NYSE = 305.17 (mean = 266.7)
Cost of asset DRE.NYSE = 41.51 (mean = 43.81)
Cost of asset CAT.NYSE = 172.87 (mean = 133.12)
Cost of asset LTCUSD = 45.46 (mean = 72.2)

if you want the code let me know
Adaptive ATR No Gap.ex5
(20.3 KiB) Downloaded 97 times
CostOfTrading.ex5
(33.9 KiB) Downloaded 82 times


Re: [EA] Cost Of Trading

#2
what the heck, here is the code
:)

Jeff

EDIT: US30 (1434.11) is 100 times more expensive than AUDUSD (11.97 ) !! for the period tested
think about it, you need a 100 times better edge if you trade US30
which is huge...
I don't see how people can be profitable with indexes this must be impossible, unless you trade VERY slowly (like weekly or monthly maybe)
CostOfTrading.mq5
(12.31 KiB) Downloaded 93 times
Attachments 3
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