Hello,
I have MetaTrader 4 connected to the FXCM-EURDemo01 server. On most Forex Symbols there is a difference between the Close and the Bid price. This can be seen in the attached screenshot (market watch bid price for EURUSD vs. its close price in the state bar).
How can this be? I have read in an other forum that this can be a due to a markup fee but I thought FXCM does not charge markup fees. This difference seems to be fixed. In case of EURUSD it is every time (that I checked) 1.1 PIP. I currently add this fixed value to all prices of a single OHLC chart before feeding it to my expert advisor. Is this the correct way to handle this issue or is it some kind of fee that I should consider when doing risk-evaluations?
I know about the commission which I do handle in a separate way. This issue does however not seem to be commission related.
I have MetaTrader 4 connected to the FXCM-EURDemo01 server. On most Forex Symbols there is a difference between the Close and the Bid price. This can be seen in the attached screenshot (market watch bid price for EURUSD vs. its close price in the state bar).
How can this be? I have read in an other forum that this can be a due to a markup fee but I thought FXCM does not charge markup fees. This difference seems to be fixed. In case of EURUSD it is every time (that I checked) 1.1 PIP. I currently add this fixed value to all prices of a single OHLC chart before feeding it to my expert advisor. Is this the correct way to handle this issue or is it some kind of fee that I should consider when doing risk-evaluations?
I know about the commission which I do handle in a separate way. This issue does however not seem to be commission related.
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