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Incorrect Market Rates in MetaTrader

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Amit Suryakant Jamuda
1188
Amit Suryakant Jamuda  

I have come across this issue with MetaTrader both 4 and 5. The terminal shows incorrect market rates sometimes. Even when we read the rates with the MQL EA the rates are incorrect. This makes trading difficult. Here is an example with screen shot, where the price has moved below the take profit in a sell position and the position still remains open.

 

When I checked the Journal, I saw that the rates mentioned in the re-quote was much different from what was on the screen or what we could read with the help of an EA. I opened Tradestation(another trading program) and saw that the  re-quote rates where same as shown in Tradestation.

 

Incorrect market rates not only make us miss an opportunity, it can also make us make a wrong trade as indicators depend on the rates available with the terminal. I am not sure where the problem is, is it with the broker or is the problem with the MetaTrader Terminal/Server? 

Files:
Requote.png 129 kb
Alain Verleyen
Moderator
29859
Alain Verleyen  
AmitJamuda:

I have come across this issue with MetaTrader both 4 and 5. The terminal shows incorrect market rates sometimes. Even when we read the rates with the MQL EA the rates are incorrect. This makes trading difficult. Here is an example with screen shot, where the price has moved below the take profit in a sell position and the position still remains open.

 

When I checked the Journal, I saw that the rates mentioned in the re-quote was much different from what was on the screen or what we could read with the help of an EA. I opened Tradestation(another trading program) and saw that the  re-quote rates where same as shown in Tradestation.

 

Incorrect market rates not only make us miss an opportunity, it can also make us make a wrong trade as indicators depend on the rates available with the terminal. I am not sure where the problem is, is it with the broker or is the problem with the MetaTrader Terminal/Server? 

What your broker said about that ?
Amit Suryakant Jamuda
1188
Amit Suryakant Jamuda  
angevoyageur:
What your broker said about that ?

 

I haven't contacted the broker yet. I wanted to understand where the problem was. 

Alain Verleyen
Moderator
29859
Alain Verleyen  
AmitJamuda:

 

I haven't contacted the broker yet. I wanted to understand where the problem was. 

Seems to me this is a broker issue. It is they who provide quotation and trade server.
Amit Suryakant Jamuda
1188
Amit Suryakant Jamuda  
angevoyageur:
Seems to me this is a broker issue. It is they who provide quotation and trade server.
Thanks ! I will check up with them.
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