Forex Service Review

Pair’s Spread FX Indicator Review

Pairs Spread is a technical indicator that can be found on the MQL5 marketplace, we have provided a link to it below so you can see exactly which bit of software we are talking about as there may be others with similar names. The indicator was first released back on the 17th of April 2014, there does not appear to have been any further updates and so it is still on version 1.0 of the indicator.


The Pairs Spread indicator is available to sue with the MetaTrader 4 trading platform and works by facilitating and making the execution of popular investment strategies easier. Pairs Trading is when you look for pairs of assets that historically have moved together and then you try to exploit areas of potential mispricing.


There are two risk management measures, the Value at Risk and Expected Shortfall, they have been defined by the indicator creator as:

The Value at Risk at a confidence level a=0.95 is given by the smallest number l such that the probability that the loss L exceeds l is no larger than 0.05. By definition, a positive value of Value at Risk equal to B means that our position with 95% confidence will not lose more than B.

Expected Shortfall is closely related to Value at Risk and at a confidence level a=0.95 is the expected loss of our position in the worst 5% of the cases. By definition, a positive value of Expected Shortfall equal to B means that in the worst 5% of the possible cases our position will have an expected loss of B.

An alternative use of Pair’s Spread Indicator is for displaying the prices of another instrument in our selected window.

There is a large number of input parameters that can be altered to slightly change the way that the indicator works, some of these include the pairs to use, the long term mean, the integrated coefficient, the first threshold, the second threshold, entry price, trade type and more.

Service Cost

The indicator can be purchased outright for $55, there is no option to rent this indicator, you are only able to buy it. There is also a free version available, but we are not sure if there are any limitations on the free version.


Unfortunately, there are no reviews or rating available for this indicator, there are a few comments from potential customers that the creator seems to be responding to quite quickly, however, without any actual reviews, we do not know whether the users are finding it easy to use or if it does actually do what it says it will. We would suggest downloading and trying the free version, just so you can get an idea of how it works and that you are able to get it set up correctly.

This Forex Indicator is currently available in the MQL5 marketplace:


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