Ping: the tool
'Ping' is both a command-line tool and the colloquial term for the RTT it returns. When you run ping hostname.com, you are sending ICMP packets and measuring how long they take to come back. The result — e.g., 'Reply from X: time=24ms' — tells you the round-trip time at that moment. Ping is useful for getting a baseline but it uses ICMP, which many networks prioritise differently from TCP (what MT4 uses). Your actual MT4 RTT may differ slightly from your ping test. This is why traders should not rely exclusively on ping for latency diagnosis. Ping is a tool, not the truth.
Latency: the trading measurement
In a trading context, latency refers to the RTT of your actual order connection — the TCP session between MT4 and the broker's server. This is what you see in MT4 under Help > About (the ping figure shown there is your actual broker connection RTT, measured via the MT4 protocol, not ICMP). This number is the one that directly affects your fills. A trader with 50ms latency in MT4 is experiencing 50ms of order transit time, which is far more relevant than a ping test showing 45ms (which uses a different protocol). Check ping to broker high for interpretation and remediation.
Jitter: the variance that makes latency unpredictable
Jitter is the standard deviation (or variation) in your latency measurements. If your RTT varies between 20ms and 80ms from one packet to the next, your jitter is high. Even if your average RTT is 50ms, high jitter means your actual fill quality will vary wildly — sometimes you fill cleanly, sometimes you get heavy slippage, and you cannot predict which. This unpredictability is often worse than a stable high latency. A trader with a rock-solid 30ms connection will outfill a trader with a 10–90ms chaotic connection. Jitter is the silent killer of execution consistency. Understanding it is critical for traders who are trying to diagnose why their fills are sometimes excellent and sometimes terrible. See what is trading jitter for deep technical detail.
Which matters most for your trading style
Scalpers and news traders: both matter. Low average latency reduces baseline slippage; low jitter makes that reduction consistent. A scalper with 50ms average + 40ms jitter will suffer terrible fills on every large order because jitter spikes guarantee slippage. Swing traders: neither matters much. If your entries take place over minutes to hours, millisecond timing is irrelevant. Day traders: latency matters for session entries during volatile moments; jitter matters less overall because day trades have longer time horizons and can absorb more noise.
How TradersProxy addresses all three
By routing through a co-located node (same DC as the broker), TradersProxy reduces average latency by 50–90% for traders who are geographically distant from the broker's facility. Co-location also reduces jitter because the route is shorter and more consistent — fewer hops means fewer opportunities for congestion spikes. A trader in Singapore connecting to an NY4 broker might see 150–200ms average with 60ms jitter via direct connection. Via a TradersProxy SG1 node routing to a NY4 broker, the same trader trades locally (5–10ms to SG1) and then the proxy forwards to NY4 over a private, stable link. The result is dramatically improved consistency. See latency by broker for facility-by-facility data.