We know that BID is the basis for the MT4 candle's Open, Low, High, Close levels. And since Close is the last price, common sense dictates that it follows the current BID price, ie, last CLOSE price = BID price.
Yet in my observation with a broker, I realized that this is NOT the case. I observed that the BID/ASK price of the broker works independently of the CLOSE price of the last BAR. ie, BID not equal CLOSE
What does this mean?
It means, that you thought price never hit your stoploss by judging on the chart's OHLC levels, but it actually did - invisibly!
No wonder, complaining it with your broker will get you nowhere because, the prices we see isnt the prices they have on their official records.
Yet in my observation with a broker, I realized that this is NOT the case. I observed that the BID/ASK price of the broker works independently of the CLOSE price of the last BAR. ie, BID not equal CLOSE
What does this mean?
It means, that you thought price never hit your stoploss by judging on the chart's OHLC levels, but it actually did - invisibly!
No wonder, complaining it with your broker will get you nowhere because, the prices we see isnt the prices they have on their official records.
