Brokers have different price feeds from general market | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Why do I see different price for different brokers? 11 replies

ECN Price Feeds VS Market Maker Price Feeds 5 replies

Why you always need to check 2 different feeds! 1 reply

Different brokers with different prices at the same time? 4 replies

Different Pivots with different brokers 2 replies

Attachments: Brokers have different price feeds from general market
Exit Attachments

Brokers have different price feeds from general market

  • #1
  • First Post: Jun 19, 2009 2:49pm Jun 19, 2009 2:49pm
Are you people know any market maker broker which is prices are different from general forex market ?
By this way I can get benefit from market price differences between several brokers ?

For example I know some Forex brokers that have prices when the ecn prices are 1.4000 and this broker 1.4004

Anyone know this different price brokers ?
  • #2
  • Jun 19, 2009 3:33pm Jun 19, 2009 3:33pm
Quoting hasli
Are you people know any market maker broker which is prices are different from general forex market ?
By this way I can get benefit from market price differences between several brokers ?

For example I know some Forex brokers that have prices when the ecn prices are 1.4000 and this broker 1.4004

Anyone know this different price brokers ?
Most are going to be different to some extent. There is no free lunch, even though you are looking for one.

The difference is that some brokers pad the spread by 2 pips, while another might do it by 3. Also, they may have totally different providers. (Goldman might be selling at 96.60 while DB is at 96.63) This is the difference.

You could always try to learn how to trade. Just an idea.
  • #3
  • Jun 19, 2009 3:39pm Jun 19, 2009 3:39pm
Quoting hasli
Are you people know any market maker broker which is prices are different from general forex market ?
By this way I can get benefit from market price differences between several brokers ?

For example I know some Forex brokers that have prices when the ecn prices are 1.4000 and this broker 1.4004

Anyone know this different price brokers ?
How do you propose to profit from that? Unless you mean you get a slight lead time on price.
Economists have forecast 9 out of the last 5 recessions
  • #4
  • Jun 19, 2009 3:47pm Jun 19, 2009 3:47pm
No sometimes some market maker brokers gives 1.4000 when the ecn prices are 1.4003 and I think this is because they have bigger amount of long positions and want customers to make loss when they want to close their positions.

After this is realized the price of this market maker be again same with ecn prices (ecn price 1.3950 and market maker price 1.3950)
I just think can I benefit from these price differences ...
  • #5
  • Jun 22, 2009 8:17am Jun 22, 2009 8:17am
I heard that years ago some people used to "trade the lag" with fxcm, as fxcm has a slight lag in the quotation, but those people are banned by fxcm after noticing the exploitation and now they already improve their server.
  • #6
  • Jun 23, 2009 6:11am Jun 23, 2009 6:11am
It is not about exploiding a price feed lag or any other technologic tricks that can exploit the forex broker.

It is something that the fact of Decentralized and unregulated forex market provides some opportunies to traders.
Market maker price policy can differ between forex brokers.There can be several reasons for a forex broker to give higher or lower quotation.

Broker may have a large position on one side and waits these customers to close their positions.By this way broker's profit will increase as the positions opened in normal price but closed in lower price.

Another reason that a Broker may changing the liqudity providers in time to time and that may affect its pricing.

And some other reasons can be that I cannot imagine ...

Can anyone help me for analysing which broker's prices differ from others ?
  • #7
  • Jun 24, 2009 12:24am Jun 24, 2009 12:24am
If there were any significant difference, traders would arb the difference. There's efficiency in the market for exactly that reason.

Focus your time on learning to trade properly, not looking for a gimmick.
  • #8
  • Apr 4, 2017 3:57am Apr 4, 2017 3:57am
This indicator has been developed to compare brokers price feed.

You will find the history in the experts tab or the mql4/logs folder.

It has to be attached to H1 charts of the wanted symbols.

The important information :

- Spread average : average spread in pips of the symbol during the hour.
- Time average : average time in seconds between two ticks during the hour.
- Freeze : total number of seconds during the hour when the time between two ticks is more than 4 seconds.
- Ticks : total number of ticks during the hour.

You collect the data during one day, or several day during one week and then you will be able to compare brokers price feed.

More ticks there is and better (in theory) is the quality of the data; More than 80 000 ticks per day, the broker may be in connection with several liquidity providers.
Less ticks there is and poorer will be the data; Less than 30 000 ticks per day, the broker may be in a bad shape, with no real relation with a liquidity provider, no brokerage license, etc...
Attached File(s)
File Type: mq4 Price Evaluator.mq4   12 KB | 540 downloads
what we want:1+1+1+1+1+1+1+1=8 what market delivers:1+2+8+7-4+0-5+8-4-5=8
  • #9
  • Apr 4, 2017 4:22am Apr 4, 2017 4:22am
Quoting adelzadeh
This indicator has been developed to compare brokers price feed. You will find the history in the experts tab or the mql4/logs folder. It has to be attached to H1 charts of the wanted symbols. The important information : - Spread average : average spread in pips of the symbol during the hour. - Time average : average time in seconds between two ticks during the hour. - Freeze : total number of seconds during the hour when the time between two ticks is more than 4 seconds. - Ticks : total number of ticks during the hour. You collect the data during...
If you want to check the experts tab logs, you can open the following file :

Files > Open Data Folder > MQL4 > Logs > Current date
what we want:1+1+1+1+1+1+1+1=8 what market delivers:1+2+8+7-4+0-5+8-4-5=8
  • #10
  • Last Post: Apr 4, 2017 7:05am Apr 4, 2017 7:05am
It sounds like you're looking for price arbitrage trading.

You're right that the market is decentralised and there is no "official" quote but you should keep in mind that the price you see is just the price at the top of the book. That you see it, doesn't mean you can trade it (at least not all the time) - logic dictates that the best price is the most embattled. Market participants are very quick at pulling outdated prices and adding new ones, the chances are quite high that either some other arbitrage hunter bought the price you were looking for or that it was pulled off the book before someone bought it. That sort of trading exists but I doubt it can be successfully exploited with (usually) rather slow retail technology.
0 traders viewing now