Metatrader Demo Prices

Hi Everyone

Being very new to Forex (only heard about it 2 weeks ago) I decided to open several demo accounts (8 in total ) and I have noticed some descrepencies between data feeds on different brokers Demos. Now I'm not talking about 1 or 2 pips here, its more like 50+.

A specific example would be between the Metatrader Demo and GFT Forex Dealbook 360. I am looking on the 4 hour charts and notice huge differences in data. Now you can imagine how this is affecting my trading method, on one account my method works very well yet on the other it is not doing so well.

Do demo accounts show real live data? Am I doing something wrong or have I missed something?

Sorry if this has been asked and answered before, I couldn't find anything using the search.

Cheers

Squash

Hi Squash and welcome to FF.
IF u are viewing the market now during th weekend while it is closed then u will see a large variance in prices. They will all come together when the markets open.
By and large I have found that the prices do not very much between demo accts. Spread sizes will most likely be the differences.

I could understand a small difference in the market over the weekend however this just seems to large and widespread to be the case. Please take a look at the attached files. The first if from the Metatrader Demo and the second from FXDD's Metatrader Demo. Both are Cable 4H period up to the weekend. Notice the large differences in the candles.

I only see a 1 pip difference in the price. I think what you might be looking at is the difference in the size of the candles. This is due to the fact that different servers base their candles start times at different hours relative to GMT. One server will be GMT another may be GMT +1, GMT +2, GMT -1, etc. All of the data is actually the same you are just viewing the candles relative to a different begin time. Hope this helps.

-john

Ahhhh I see. I thought that all servers would base there time at GMT 0. So in theory I could be watching a chart on my Metatrader demo using my method and indicators and when I see a trade perform it on another system witht he same results?

Hopet aht makes sense. Thanks for the replies.

OK I just check the Daily highs and lows and everything is within a few pips. Sorry for the stupid question guys, I will investigate properly next time.