What is Forex Spread?

When exchanging or trading currencies, the spread is the difference between a forex broker’s sell rate and buy rate. Spreads can vary depending on the currency involved, time and market conditions.

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Adjusting SL/TP for Spread

Yes, Telegram Signal Copier will even help you add the spread of your broker automatically into your signal’s SL/TP and can copy trade signals at the market price.

You have to select True in this option and the copier will add spread by auto calculation based on your broker. Note that, broker spread can vary from 0.05 to 10 pips. For more clarity, you get a signal like EURUSD BUY 1.2050 SL 1.2020 TP 1.2080. If your broker spread is 2 pips, then copier will set your SL for BUY ORDER (SL -2 PIPS) = 1.2018 and TP accordingly.

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