Differences in M5, H1 and D1 ... What does this tell us?That retail traders operate with completely fragmented information.We are not on equal terms with the great players.
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Differences in M5, H1 and D1 ... What does this tell us?That retail traders operate with completely fragmented information.We are not on equal terms with the great players.
If a broker can cause a line of trend to seem differently on each platform, what else do you think they can manipulate?Choose where you deposit your money.
Great thread.This is a problem that almost nobody speaks.The next time someone tells you "follow the trend", ask yourself: according to what broker?
This is an issue that almost nobody speaks, but affects all retail traders.Many believe they are seeing the same graph as everyone else, when in reality each broker shows something different.Imagine that you are operating a double roof pattern, but in your broker the resistance is never touched, while in another yes.You would make a completely different decision depending on which graphic.And then they say that trading is just a matter of "following the price action"!
Some still believe that brokers are "neutral" and only facilitate operations.If that were the case, why are there so many differences between them?Why does IG print a candle on Sunday and others not?The small manipulations added can cause certain trading setups to be profitable in a broker and disastrous in another.But of course, most traders don't even realize why they operate without questioning what they see on the screen.
This reminds me the first time I tried a trading robot.He was working in backtesting with data from a broker, but in Real with another broker, the operations had nothing to do.There I understood that in the retail market we are at a complete disadvantage.If we cannot even trust that the candles are the same among brokers, what is the point of baseing a strategy on technical patterns?
Many rookie traders do not even consider that the graphics may differ between brokers.They believe that the lines of trend, supports and resistances are universal, when they actually depend completely on the data that the broker wants to show you.If you are not operating with a real ECN/STP broker, you are basically playing with manipulated prices.And yet, there are people who ask why their "perfect" operations do not work in Real.
I am surprised that there are no more people talking about this.Not only the brokers can have differences in candles, but they can also slightly alter the spreads in key moments.That can make a strategy that seems profitable in backtesting, in practice ends in losses.And then the traders blame themselves instead of questioning the quality of the broker.
This also explains why some traders succeed in demo accounts, but fail in Real.In demo, the broker gives you "clean" data, without manipulation.In Real, the spreads increase, prices vary and execution becomes slower.Then people say "psychology is the key."No, friend.If you operate in a broker that cheats you in each operation, you can have the best mentality in the world and you will still lose money.
If the graphics vary from one broker to another, imagine what it means to a trader that depends on indicators.A simple change in server schedule can cause mobile socks, RSI and Bollinger bands to behave completely differently.That is why traders that really earn money do not depend on indicators.They know that the only thing they can trust is in their ability to adapt to the market in real time.