Simple Moving Averages – Different Platforms

Forexsake · 2018-07-17T15:49:33+00:00

Hi. I have a 200 MA and a 50 MA set on MT5 and Proreal but they are different. All the parameters are the same on both platforms. Can anyone assist in explaining why they would be different. MT5 and Trading view are the same but Proreal is different, Same time frames and everything the same.

Viewing 7 posts - 1 through 7 (of 7 total)

Author

Posts
07/17/2018 at 4:49 PM #76148 quote

Forexsake
Participant

New

Hi.

I have a 200 MA and a 50 MA set on MT5 and Proreal but they are different. All the parameters are the same on both platforms. Can anyone assist in explaining why they would be different. MT5 and Trading view are the same but Proreal is different,

Same time frames and everything the same.

tview.png mt5.png proreal.png

07/17/2018 at 5:27 PM #76153 quote

Vonasi
Moderator

Master

You do not show what time frame or candle times in the images. If the time of each candle close is not the same in each platform then the results will be different. PRT also uses Sunday candles – does your MT5 and Trading view?

07/17/2018 at 5:38 PM #76156 quote

Forexsake
Participant

New

All daily time frame and standard settings. So which is more accurate?

07/17/2018 at 5:58 PM #76158 quote

Vonasi
Moderator

Master

They are all accurate but just based on different sets of data.

07/17/2018 at 6:00 PM #76161 quote

Forexsake
Participant

New

Ok, I see. I have disabled “Show weekend data” and it all lines up. Thanks. Is it standard to do this?. Not sure which most used?

Appreciate the help

07/17/2018 at 6:01 PM #76162 quote

robertogozzi
Moderator

Legend

TF greater than 1 hour make differences.

As for the DAILY chart, FXCM closes it at 23cet (utc+2) which is 17:00 in NY, while IG closes it at 01:00cet (utc+2) which is 19:00 in NY, so there’s a 2-hour difference, thus the closing prices will not be the same and any MA will ensue!

To spot any real difference compare them on a 1-minute or 1-hour TF. Though some differences may still affect prices. If one broker receives a price at 06:59:59 and another one receives it at 06:59:57, closing prices will be slightly different and so will MAs.

07/17/2018 at 6:02 PM #76164 quote

robertogozzi
Moderator

Legend

Sorry, but disabling weekend data or setting custom trading hours won’t affect MAs calculations, it’s only a visual effect!
Author

Posts