M candles / Custom candles for second charts 1 reply
Seeing vastly different candles on 2 different brokers 12 replies
Different time zones, different candles 6 replies
DislikedI was thinking to use Oanda for execution and Fxpro MT4 for charting, but i noticed some daily candles closes are different, makes little difficult to trade that way. For example in Oanda on Oct 26, Oct 27 candle closes 1.3812, in FXpro on Oct 26 close 1.3852, Oct 27 close 1.3759. Why is that?Ignored
DislikedI was thinking to use Oanda for execution and Fxpro MT4 for charting, but i noticed some daily candles closes are different, makes little difficult to trade that way. For example in Oanda on Oct 26, Oct 27 candle closes 1.3812, in FXpro on Oct 26 close 1.3852, Oct 27 close 1.3759. Why is that?Ignored
DislikedIt depends on when your broker closes the daily candle. For some, it's midnight local time and for others, it's 5pm/17:00.
I'm assuming you're looking at EURUSD, and on my charts the hourly candle closed at:
1.3812 midnight, October 27 New York time
1.3852 4pm/16:00, October 26 New York time
1.3759 3pm/15:00, October 27 New York time
It's true the Forex market isn't yet unified, but you would not have more than a five-pip variation (at most) between brokers.Ignored