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TradingView and MT4

  • #1
  • First Post: Aug 17, 2024 10:53pm Aug 17, 2024 10:53pm
Hello Everyone,
I've noticed a discrepancy between the prices on Forex.com when viewed on TradingView and those on MT4, particularly the open and close prices, even though both platforms are from the same broker. My trading strategy is sensitive to the relationship between the open and close prices of the candles. I primarily use MT4, where my indicators are set up, but recently discovered these differences, which have led to inaccurate trades.
Could anyone help explain why there might be a difference in these prices and how I should address it? Just to clarify, I'm concerned about the relationship between the open and close prices of the candles rather than the exact market price, as I'm aware that factors like spreads and the broker's provider can influence prices.
Thank you in advance!
  • #2
  • Aug 18, 2024 6:32am Aug 18, 2024 6:32am
Quoting MichaelMano
Hello Everyone, I've noticed a discrepancy between the prices on Forex.com when viewed on TradingView and those on MT4, particularly the open and close prices, even though both platforms are from the same broker. My trading strategy is sensitive to the relationship between the open and close prices of the candles. I primarily use MT4, where my indicators are set up, but recently discovered these differences, which have led to inaccurate trades. Could anyone help explain why there might be a difference in these prices and how I should address it?...
Assuming that it is the exact same account with Forex.com and you are logged in with both MT4 and TV at the same time, seems it would be a question that only the broker could answer.

Define "discrepancy" - is it 10 pips or more?

Here is my live IC Markets MT4, weekly open for GBPUSD is 1.27624 and Tradingview generic IC Markets is 1.27540.

The discrepancy is 0.00084, is that a concern? Not for me.

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It takes a lot for me to IGNORE you, but you can try.
  • #3
  • Aug 18, 2024 6:38am Aug 18, 2024 6:38am
Quoting MichaelMano
Hello Everyone, I've noticed a discrepancy between the prices on Forex.com when viewed on TradingView and those on MT4, particularly the open and close prices, even though both platforms are from the same broker. My trading strategy is sensitive to the relationship between the open and close prices of the candles. I primarily use MT4, where my indicators are set up, but recently discovered these differences, which have led to inaccurate trades. Could anyone help explain why there might be a difference in these prices and how I should address it?...
what do you trade?
tradingview is not for short-term cfd trading, because it will not show the charts of ask and bid price, only the mid price.
tradingview its better to use for exchanges , like trading futures , stocks.....

so metatrader use only the bid price for charts, tradingview the mid price for charts (or last traded for exchanges)..... so when spread are very high (special to rollover, open and close of markets, news...) you will see big differences between mid price and bid price.
  • #4
  • Aug 18, 2024 10:09am Aug 18, 2024 10:09am
Let me clarify further with an example. Here is the M15 chart of XAUUSD. I've noticed that the open price of a specific candle is different on MT4 compared to TradingView. While the exact price difference isn't my main concern, I’m focused on the relationship between the open price of one candle and the close of the previous one.
For instance, on TradingView, the close of the previous candle and the open of the next are the same. However, on MT4, the open price is slightly lower. I've attached a screenshot for better clarification.

Thank you for your help guys.
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  • #5
  • Aug 18, 2024 10:44am Aug 18, 2024 10:44am
MichaelMano,
Try not and blame the Trading Platform for a failure by all Brokers worldwide - the speed and feed on their input from the Exchange which they pay for and then transfer through their Server(s) to your pc or telephone which is even worse through Wi-Fi.
You will never get the Brokers to align. It's not a bad thing but a Risk.
Gringo2019
  • #6
  • Aug 18, 2024 10:36pm Aug 18, 2024 10:36pm
Quoting gringo2019
MichaelMano, Try not and blame the Trading Platform for a failure by all Brokers worldwide - the speed and feed on their input from the Exchange which they pay for and then transfer through their Server(s) to your pc or telephone which is even worse through Wi-Fi. You will never get the Brokers to align. It's not a bad thing but a Risk. Gringo2019
But it's the same broker he said.

And I told him the best thing to do is contact that broker, if possible.

Whether it's demo or live, I'll bet they are on different servers due to the different platforms, different technology, etc.

Good Luck
It takes a lot for me to IGNORE you, but you can try.
  • #7
  • Aug 19, 2024 2:13pm Aug 19, 2024 2:13pm
Another point is if you can find two brokers that are seriously misaligned, then have a good look for any consistancy in the misalignment and trade it to your advantage.
  • #8
  • Dec 21, 2024 4:26pm Dec 21, 2024 4:26pm
Quoting Erebus
{quote} Assuming that it is the exact same account with Forex.com and you are logged in with both MT4 and TV at the same time, seems it would be a question that only the broker could answer. Define "discrepancy" - is it 10 pips or more? Here is my live IC Markets MT4, weekly open for GBPUSD is 1.27624 and Tradingview generic IC Markets is 1.27540. The discrepancy is 0.00084, is that a concern? Not for me. {image} {image}

Just curious, if your not willing to share it's totally understandable... But what Indictator is that with what settings is the aqua trend line under the up trend and the yellow above the down trend? I've been scanning through indicators to find just that lol. And low and behold while scrolling through these I found you with a picture of the one I'm looking for!
Trying to learn how to learn how to teach a robot how to learn
  • #9
  • Last Post: Dec 22, 2024 3:31pm Dec 22, 2024 3:31pm
Quoting Webb1003
{quote} Just curious, if your not willing to share it's totally understandable... But what Indictator is that with what settings is the aqua trend line under the up trend and the yellow above the down trend? I've been scanning through indicators to find just that lol. And low and behold while scrolling through these I found you with a picture of the one I'm looking for!
No problem, it's all there -

https://www.forexfactory.com/thread/...ep-an-odyssey?

Currently not active due to broker issues and the end-of-year / holidays when no one should be trading anyway.

But that indicator is explained there, where to find it, how I use it, etc.

I will pick it up next year when the market and personal life has settled down, cheers.
It takes a lot for me to IGNORE you, but you can try.
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