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Same charts of different brokers showing different candles (OHCL)

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Daniel Arges
129
Daniel Arges  

Hello,

Analyzing same Forex charts of two different brokers, I can observe that my color candle indicator is different, due to different candle open, close, high and low values between this two brokers.

Does anybody know what is the reason of this?

Thanks

Carl Schreiber
7224
Carl Schreiber  
Snapshots ?
Michael Maggi
1667
Michael Maggi  

Different brokers are linked to different sets of banks to complete their transactions so there will always be some variation.

However every I have compared different brokers in real time and there is usually not a lot of difference between the major brokers in the same markets. The more difference between brokers, including size of their connections and geographic area, the greater the differences.

This is only true if you are using live accounts. DEMO data is filtered by brokers and not updated as regularly as LIVE data. (Read the tiny, tiny print or ask your Broker about the difference between Live and Demo data.

Good luck.

Keith Watford
Moderator
10638
Keith Watford  
Daniel Arges:

Hello,

Analyzing same Forex charts of two different brokers, I can observe that my color candle indicator is different, due to different candle open, close, high and low values between this two brokers.

Does anybody know what is the reason of this?

Thanks


Mostly on charts of H1 and lower they should be quite similar.

Higher time-frames can differ drastically due to different broker times, ie they don't start and finish at the same time 

Daniel Arges
129
Daniel Arges  
Thank you all!
whroeder1
15692
whroeder1  
Keith Watford: Higher time-frames can differ drastically due to different broker times, ie they don't start and finish at the same time 
Exactly.
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