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Re: Something interesting please post here (Metatrader)

bilbao, Sun Feb 26, 2017 6:20 pm

Indicator to compare brokers price feed

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 averageĀ : average spread in pips of the symbol during the hour.
  • Time averageĀ : average time in seconds between two ticks during the hour.
  • FreezeĀ : total number of seconds during the hour when the time between two ticks is more than 4 seconds.
  • TicksĀ : 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.

The more ticks there is, the better (in theory) the quality of the data; More than 80 000 ticks per day, the broker may be in connection with several liquidity providers.

The less ticks there are, the poorer the data; Less than 30 000 ticks per day, the broker may be in a bad shape, with no real relation with any liquidity providers, no brokerage license, bucket shop etc...
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