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  1. #21
    Administrator Martin Kay's Avatar

    ok icon PowerOption vs. MT4: Results are Good for a Good Broker !!!

    Tested: 12 minutes and 38 seconds on March 20th 2014
    Shown: Last 3 digits of a 5 digit MT4 broker on the EUR/USD 1 minute chart
    Max. deviation: about 15 pipettes/1.5 pip (very short)

    PowerOption Test Results


    PowerOption seems pretty accurate in pricing. There are some small fluctuations in pricing, but no real strange movements, only very short delays in movement and small changes in deviation. Prices hovers about 1 pip above MT4, but stays mostly within a 1 pip range to both sides in deviation.

  2. #22
    Active Member supertrader's Avatar
    That is a really very narrow deviation and the price has high level of consistency with the referred mt4 price is absolutely small. So I think PowerOption is a reliable broker in terms of pricing and quotes. It is a great example that the binary options brokers technology is now enough advanced to keep in track with the best forex pricing softwares.

  3. #23
    Master Member SeasaltMcFish's Avatar
    Yeah, I think it looks good. However: for your own trading, it's always good to make such a test recording with your own MT4 broker, since they also can differ from each other. You're looking for the good combination of BO broker and MT4 broker.

    Poweroptions seems pretty accurate here indeed.

  4. #24
    Senior Member Deanfx's Avatar
    I am using HotForex as my Metatrader broker and his prices are very good and accurate. Also OANDA and Alpari are two other great Metatrader 4 brokers. Actually most of the forex brokers have no problem with their data feed. The problem is with some of the binary brokers which have big delays and sometimes artificial spikes that can be very bad for short term traders.

  5. #25
    Specialist Member RCox's Avatar
    Quote Originally Posted by Deanfx View Post
    I am using HotForex as my Metatrader broker and his prices are very good and accurate.
    How do you know they are "good and accurate" ?

  6. #26
    Senior Member Deanfx's Avatar
    It’s very easy. I am checking them against each other, compare with Ikon Viking Platform and Dukascopy Platform which are true ECN and I can not see visible differences between them. Probably sometimes very short lasting deviation of 0.5 pips, but that is not something serious.

  7. #27
    Active Member COGSx86's Avatar
    You guys remember that Bo broker platform will be in between bid+ask/2 or any where inside that range, I have found when price is not within that range, DO NOT TRADe, it's my number 1 trading rule.

    When price ends up outside this range it is becuz money flow is not at a equilibrium, and the house will be trying to have it equal, so they don't lose just a thought, I have an indicator for this exact formula on MT4 that's gives bid+ask/2

    Hit me up on skype if you want it

    COGSx86

  8. #28
    Senior Member Deanfx's Avatar
    Quote Originally Posted by COGSx86 View Post
    You guys remember that Bo broker platform will be in between bid+ask/2 or any where inside that range, I have found when price is not within that range, DO NOT TRADe, it's my number 1 trading rule.

    When price ends up outside this range it is becuz money flow is not at a equilibrium, and the house will be trying to have it equal, so they don't lose just a thought, I have an indicator for this exact formula on MT4 that's gives bid+ask/2

    Hit me up on skype if you want it

    COGSx86
    You are right COGSx86,

    The expected binary options price is the (bid+ask)/2 and this is the target in our experiments. If there is deviation we measure it. Actually very rarely it exceed 1-2 pips and than almost instantly return back to the real price. I think it is normal and not a problem as long as the average deviation is always zero. If we have long periods with switch of the average price that’s a different story! I don’t think we have to worry about the small deviations. They are happening not only on Binary options platforms but also in between the forex brokers itself. All of them are using different sources of liquidity and that’s the main reason for these small deviations. As you know forex market is decentralized and there is no single ‘true’ source of liquidity.

  9. #29
    Master Member SeasaltMcFish's Avatar
    It's also logical that price deviation grows during heavy price movements, since the difference between ask/bid often will be growing too. So it's not disturbing when a sudden price move generates a very short bigger deviation. It's more disturbing when deviation is changing for a longer time, like several seconds or longer, without significant spread change on your FX broker.

    You should also remember that this test is less important for long term trading, because price difference will mostly be much bigger, so smaller deviation differences will be less important.

    Biggest reason for these testing is finding a broker with a steady deviation and the combination with your own MT4 broker (so repeating the test yourself could be a wise thing to do, especially if you trade short term).

  10. #30
    Specialist Member LesterK's Avatar
    Quote Originally Posted by SeasaltMcFish View Post
    It's also logical that price deviation grows during heavy price movements, since the difference between ask/bid often will be growing too. So it's not disturbing when a sudden price move generates a very short bigger deviation. It's more disturbing when deviation is changing for a longer time, like several seconds or longer, without significant spread change on your FX broker.

    You should also remember that this test is less important for long term trading, because price difference will mostly be much bigger, so smaller deviation differences will be less important.

    Biggest reason for these testing is finding a broker with a steady deviation and the combination with your own MT4 broker (so repeating the test yourself could be a wise thing to do, especially if you trade short term).
    Hi SeasaltMcFish,

    You are right that small price deviations affect exclusively very short term trading and bigger time frames with greater price moves are not affected as much as the short term trades. So it is important to know what is the price behaviour of your broker and than to adapt your time frame and analysis accordingly!

    I am not a big fan of 60 seconds or 5 to 15 minutes expiries so most of the time I am not interested in that matter but for sure it is important for scalpers and other intra-hour traders.

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