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- Average Price Plus
Average Price Plus
Find the Right Edition That Fits You
Scalperology Ai MT5
Test it Freeπ
Global
Pairs:
AUD/JPY
AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
30-Day Profit:
0%
7-Day Profit:
0%
Support:
24Ρ
7 via Telegram
Breakopedia Ai MT5
Try it Freeπ
Global
Pairs:
AUD/JPY
AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
XAU/USD
XAG/USD
XBT/USD
30-Day Profit:
0%
7-Day Profit:
0%
Support:
Developer
Understanding Average Price Plus
Average Price Plus is a trading concept primarily used to assess the average cost of trading positions in the Forex market. It allows traders to manage their trades effectively by calculating an averaged entry price that considers various factors like swap and commission.Key Features
- Tracks open positions on the chart.
- Displays average price value for both Bid and Ask.
- Allows the addition of swap and commission to the average price value.
- Provides a detailed profit and loss report on the chart.
Functionality of Average Cost Price
The Average Cost Price indicator helps traders to keep tabs on their open trades by providing visual aids directly on the trading platform. It serves as a reminder of the average prices traders have paid, ensuring they make informed decisions. Hereβs how it aids traders:- Visual representation of average buy/sell price.
- Indication of swap and commission amounts.
- Total profit/loss on open positions.
Optimal Use Cases
This concept is particularly beneficial for:- Traders who deploy multiple entries in a single asset.
- Those managing trades overnight, seeking to minimize overnight financing costs.
- Traders looking to make informed decisions based on actual entry prices compared to current market conditions π.
Benefits of Using Average Price Plus
Utilizing Average Price Plus brings several advantages:- Helps in maintaining a clear overview of trading performance.
- Facilitates quicker decision-making during trading sessions.
- Provides critical insights into whether to hold, increase, or reduce positions based on current prices vs. average prices.
- Allows traders to evaluate their trading strategy's effectiveness over time.
Examples of Relevant Tools
The following tools illustrate the use of the Average Cost Price concept effectively:- Average Cost Price For MT5: This tool calculates and displays average prices, offering a line on the chart representing average price including subsidies like swaps.
- Utilities for MetaTrader 5 - Average Price Calculator: A free tool for calculating average prices, enhancing analysis without breaking the bank π°.