XXTrades

Percentage of open trades on a given currency pair from the total number of trades

The number of deals on every instrument reflects the statistics of Forex traders’ performance regarding every currency pair. An increasingly numerous trades on a currency pair mean increasing interest in it, a greater trading volume and possible abrupt movements in the closest time. Fewer trades on a currency pair mean a smaller trading volume and a rising possibility of a weak sideways movement. And on the contrary, in some cases a small trading volume can cause high volatility of a currency pair. Yet, basically, a trading volume (the number of trades on a currency pair) directly depends on subsequent volatility.

This indicator can be employed as the most precise one to show a trading volume for a currency instrument on Forex.

In MetaTrader Terminal of InstaForex this type of statistics is available in the form of XXYYYYYYY symbol, where XX has the following meanings:

for EURUSD XX=EU

for GBPUSD XX=GU

for USDCHF XX=UC

for USDJPY XX=UJ

for USDCAD XX=UD

for EURCHF XX=EC

for EURJPY XX=EJ

for GBPCHF XX=GC

for GBPJPY XX=GJ

To display the symbol, right click the Market Watch window in InstaTrader, the trading platform MetaTrader 4 by InstaForex, and choose “Show all” in the drop-down menu.