How brokers manipulate prices using MT4

[chaosscrem]

 

[Pharaoh]

Looks like another copyright takedown by MetaQuotes.

For some reason, it looks like they don't want people to see how their software can be misused.

 

[winhuf]

Large price differences at 13 March on MT4 AlpariUK

Hello,

I observed large price differences between Alpari UK and Dukascopy at 13 March (please see attached image...) It seems that Alpari had a wrong price row around one hour long till to the final gap correction. Maybe someone can confirm this event. Thanks.

Best Regards,
winhuf

 

[Pharaoh]

Cross-check some other brokers. Then ask the broker with the weirdest prices to explain themselves.

 

[saj1011]

Cross-check some other brokers. Then ask the broker with the weirdest prices to explain themselves.

I have been cross checking historical data from brokers that use the Metaquotes feed (alpari,Fair trade tech,think forex) seems like they use an average/smooted price in the candlestick and not the actual price taken on the 60th second for example in an M1 bar.

I imported and compared the Dukascopy data vs the Metaquotes feed and the comparison is in some cases on the back test results is 10-1, so any back testing done with the metaquotes data is fantasy and a waste of time.

I hope one day that this manipulation of historical data will be made illegal and brokers using this Metaquotes feed will be prosecuted, as it is one of the best scams I have ever seen!

 

[jimw]

"Some MT4 Broker..."
This video is no longer available due to a copyright claim by MetaQuotes Software Corp..
Sorry about that. - YouTube

 

[mamma]

enjoy