Do all brokers have the same 1hr bars? | Forex Factory

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Do all brokers have the same 1hr bars?

  • #1
  • First Post: Jun 28, 2010 4:01am Jun 28, 2010 4:01am
my question is evry 1hr chart the same for every broker?

regards damien
i pull the trigger when others are fearful---me
  • #2
  • Jun 28, 2010 5:25am Jun 28, 2010 5:25am
If you mean whether the bars/candles have the same OHLC, then yes (give and take a pip or two).

regards
daytrading
Enter Signature
  • #3
  • Jun 28, 2010 5:37am Jun 28, 2010 5:37am
Different brokers can have different price feeds, so in general, no, charts might be different.
forget about tomorrow, just steal away into the night
  • #4
  • Jun 28, 2010 5:53am Jun 28, 2010 5:53am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
time zones around the world are set at 1h intervals, so in theory each 1h bar is the same.

however you will find slight variations due to broker conditions - spreads being the biggest of these.

if you ingnor the values of the bars though the apperance will remain the same - so if your studying PA or Candle/bar patterns then all would be the same.

Differences in charts only occur on tf frames above 1h due to broker opening times - ie some use sunday candles so the weekly open would cause a different weekly candle, or a 4h hour candle would look different between brokers that used different open time - say 1 broker opened at GMT-1 and the other at GMT+2 thats a 3 hours difference - so the candle would show much different information and PA/patterns would appear different

hope this helps
  • #5
  • Jun 28, 2010 5:57am Jun 28, 2010 5:57am
Quoting spekitox
Different brokers can have different price feeds, so in general, no, charts might be different.
the difference caused by price feeds is negligible. every high, low, open and close recorded within each hour is pretty much the same (give and take a couple of pips).

regards
daytrading
Enter Signature
  • #6
  • Jun 28, 2010 4:14pm Jun 28, 2010 4:14pm
thanks for the responses

regards damien
i pull the trigger when others are fearful---me
  • #7
  • Jun 29, 2010 2:02am Jun 29, 2010 2:02am
Quoting MPP
time zones around the world are set at 1h intervals, so in theory each 1h bar is the same.

however you will find slight variations due to broker conditions - spreads being the biggest of these.

if you ingnor the values of the bars though the apperance will remain the same - so if your studying PA or Candle/bar patterns then all would be the same.

Differences in charts only occur on tf frames above 1h due to broker opening times - ie some use sunday candles so the weekly open would cause a different weekly candle, or a 4h hour candle would...
hi sir
do u know of any broker with gmt-1?
  • #8
  • Jun 29, 2010 7:39am Jun 29, 2010 7:39am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting fxrambo
hi sir
do u know of any broker with gmt-1?
not of the top of my head, but i know there are some variations - depends on were there head office is, but most are set around GMT +/-1, the biggest variations occur due to the use or lack off the sunday candles.

i used the numbers as a way to explain the reson why 4h candle look different
  • #9
  • Last Post: Jun 30, 2010 6:54am Jun 30, 2010 6:54am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
google quick hit


Alpari: GMT +2
CFGTrader: GMT +2
CoesFX: GMT +3
Fibo Group: GMT +2
Forex LTD: GMT +2
FXCM GMT -4
FXDD: GMT +3
IBFX: GMT
Marketiva GMT
MetaQuotes: GMT +2
MoneyTec: GMT +3
Netdania Charts GMT -8
North Finance: GMT +2
Oanda GMT -5
Orion: GMT +4

Real Trade: GMT +2

not sure how accurate this is thought, as i though FXCM was GMT
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