Same charts of different brokers showing different candles (OHCL)

[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]

Snapshots ?

[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]

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]

Thank you all!

[William Roeder]

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. FX opens 5pm ET Sunday and ends 5pm ET Friday. Some brokers start after (6pm is common/end before (up to 15 minutes) due to low volatility. Checking for Maket Closed - Expert Advisors and Automated Trading - MQL5 programming forum Swap is computed 5pm ET. No swap if no open orders at that time. Brokers use a variety of timezones. Their local time (with or without DST,) GMT/UTC, GMT+2, NY+7. Only with NY+7 does the broker's 00:00 equals 5pm ET and the start of a daily bar is the start of a new FXday. GMT brokers, means there is a 1 or 2 hour D1/H4 bar on Sunday (depending on NY DST,) and a short Friday bar. GMT+2 is close but doesn't adjust for NY DST. EET is closer except when their DST doesn't match NY's. Last Sunday of March and 1:00 on the last Sunday of October vs second Sunday in March and return at 2:00 a.m. EDT to 1:00 a.m. EST on the first Sunday in November. Non-NY+7, means the chart daily bar overlaps the start, and converting broker time to NY time requires broker to GMT to NY timezone conversions. If you search the web you will find differing answers. Those are all wrong (half the year) because they do not take NY DST into account (or that it changed in 2007 [important when testing history.])