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I will code your EAs and Indicators for no charge

  • #82,521
  • Jul 8, 10:39am (3 hr ago) Jul 8, 10:39am (3 hr ago)
another example
Attached Image(s) (click to enlarge)
Click to Enlarge Name: MT4 XM.png Size: 58 KB
Click to Enlarge Name: MT4 FBS.png Size: 49 KB
Attached File(s)
File Type: mq4 CurrencyStrengthBoard_v1.8 600+.mq4   55 KB | 44 downloads
  • #82,522
  • Jul 8, 10:50am (3 hr ago) Jul 8, 10:50am (3 hr ago)
Quoting BestTraderEv
{quote} I read your post a couple times more, and now I think that I understand. So, you are running MT4 provided by XM, and another one by FBS? And then you are logging in to FBS via the XM platform? That's possible, but may result in such differences, because there will be a conflict. You should always use the platform which you downloaded from the broker. MT4 is distributed to brokers by MetaQuotes LTD. Each broker customizes their specific MT4 platform to their specific standards. This means a lot of things. {quote}
Yes, that's correct.
Regarding the MT4 platforms distributed by brokers—aside from visual modifications to reflect their branding—are there any other alterations that affect the OHLC and Volume values used as the basis for indicator calculations? After all, aren't those values downloaded directly from the server to which we are connected via the broker?
  • #82,523
  • Edited 11:17am Jul 8, 11:04am (3 hr ago) | Edited 11:17am
Quoting Q_Mouze
{quote} Yes, that's correct. Regarding the MT4 platforms distributed by brokers—aside from visual modifications to reflect their branding—are there any other alterations that affect the OHLC and Volume values used as the basis for indicator calculations? After all, aren't those values downloaded directly from the server to which we are connected via the broker?
if your output at broker A versus broker B is different, and it is based on open, high, low, close, etc... maybe the two broker's clocks are set differently?

the answer could be that simple... but i dont know for sure.

you have to get under the hood of the indicator source code and figure out why the price series that is used to form the indicator is different between the two brokers... anything else and you are guessing...

volume data is specific to your broker..

ME:
using metatrader 4... is volume data specific to my broker and does not include volume for traders at other brokers?

RESPONSE FROM AI:
Yes, in MetaTrader 4 (MT4), the volume data you see is specific to your broker and does not represent the total volume across all brokers or the entire forex market.

Here's how it works:

Broker-Specific Data: The volume shown in MT4 represents the number of ticks (price changes) that occurred within a given timeframe from your broker's data feed. It's not the actual number of contracts or lots traded across the market.

No Centralized Forex Market: Unlike stock markets with a central exchange, forex is decentralized. There's no single source that aggregates volume from all brokers, banks, and financial institutions trading currencies.

Limited Usefulness: Because this volume data only represents activity on your broker's platform, it has limited predictive value. It might show high or low activity among your broker's clients, but this doesn't necessarily reflect broader market sentiment.

Alternative Volume Indicators: Many forex traders use volume indicators like On-Balance Volume (OBV) or Money Flow Index (MFI), but these are still based on the same broker-specific tick data.

If you need more comprehensive volume data, you might consider using third-party services that aggregate data from multiple sources, though even these won't capture the entire decentralized forex market.
  • #82,524
  • Jul 8, 11:28am (3 hr ago) Jul 8, 11:28am (3 hr ago)
Quoting BestTraderEv
{quote} I read your post a couple times more, and now I think that I understand. So, you are running MT4 provided by XM, and another one by FBS? And then you are logging in to FBS via the XM platform? That's possible, but may result in such differences, because there will be a conflict. You should always use the platform which you downloaded from the broker. MT4 is distributed to brokers by MetaQuotes LTD. Each broker customizes their specific MT4 platform to their specific standards. This means a lot of things. {quote}
Yes, there is a difference in the spread.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: MT4 XM.png Size: 21 KB
Click to Enlarge Name: MT4 FBS.png Size: 21 KB
  • #82,525
  • Jul 8, 12:14pm (2 hr 15 min ago) Jul 8, 12:14pm (2 hr 15 min ago)
Quoting Q_Mouze
{quote} Yes, that's correct. Regarding the MT4 platforms distributed by brokers—aside from visual modifications to reflect their branding—are there any other alterations that affect the OHLC and Volume values used as the basis for indicator calculations? After all, aren't those values downloaded directly from the server to which we are connected via the broker?
Go back to my post.
There is more explanation.
https://www.forexfactory.com/thread/...9#post15794559

Another thing that comes to mind is, for example, sometimes brokers use different hours for market breaks, so one broker may have more price data than the other. But, as a rule, you should be using the broker's platform, and never log in to a different broker, even though it's possible. There are many nuances about how brokers customize their instance of MT4, and that can cause even deeper problems.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #82,526
  • Last Post: Edited 1:57pm Jul 8, 12:43pm (1 hr 47 min ago) | Edited 1:57pm
Quoting BestTraderEv
{quote} Go back to my post. There is more explanation.
do you have a trading bot that you run?
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JaniceKelly