Can I get the current bid/ask spread into my code?

• 12/29/2020 at 11:20 AM #155533
  Batty

  Hi all,

  Is it possible to get the current spread, or the current bid / ask (buy / sell) prices to use in a system?  e.g. with Spot Gold, the spread varies  – usually between 0.3 and 0.5 but sometimes it is higher … 0.8 or more depending on volatility in the market. In March this year it went much higher.  So I’m trying to work out a function that will stop a system placing trades if the bid / ask spread is over a certain level. But I cannot see a way to get the spread or bid/ask prices into the system …. only “market price”.  Any thoughts on this will be much appreciated.

  

  Batty

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  12/29/2020 at 11:38 AM #155535
  GraHal

  Can’t be done with accuracy outside of published spreads by IG.

  https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/fees-and-charges/what-are-igs-indices-spread-bet-product-details

  Spread goes up in times of high volatility so the nearest you will get is to use volatility as a proxy / guessestimate for spread.

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  Batty

  

  GraHal

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  12/29/2020 at 12:13 PM #155543
  Batty

  OK – thanks for the info GraHal, I’ll have a look at the volatility route

  

  Batty

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