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Old 30-12-2004, 22:12   #2
fairwind
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G'day Achilles28,

MetaTrader version 3.xx uses (bid+ask)/2 as the FX 'price'. Then they place +2 and -2 on that as well. So the chart will never have a true bull candle or a true bear candle. Take a look at any MT3 chart and you will see what I mean. There is always a 'shadow' on every candle.

Their new MT4 doesn't do that. It has the bid price as the chart price and true bull/bear candles will now appear when they occur.

I have used MT3 for a couple of years and the discrepancy is a minor one in my view. At the moment I use MT 3 and 4. The MT4 is still being updated almost daily but it is a really good package.

MT3 is available still form Alpari and some other brokers I believe.

Hope this helps a bit and

Good trading to all...................
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fairwind
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