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Which broker and/or data feed to trade FOREX with TICK charts?
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Which broker and/or data feed to trade FOREX with TICK charts?

  #11 (permalink)
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I have just created a new thread to share experiences with LMAX for FOREX trading: https://futures.io/brokers-data-feeds/20044-any-experience-lmax-forex-trading.html

Nicolas

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  #12 (permalink)
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eSignal data feed for FOREX

While going on in my investigation to find a good-quality tick data feed for FOREX, I have discovered something...

My data provider is eSignal. I have never seriously considered trading FOREX because it seemed ugly and untradable for me (look at the size of the candles and the tails) on eSignal:
EUR A0-FX 5min :
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But, actually, the above is eSignal composite feed, composed of 24 contributors:
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(more details on their knowledge base : Session Timeout then type 3108 in the search bar)

And eSignal allows isolating each of the contributor. And it becomes much better!

The most "dense" (in terms of ticks per minutes) contributors seem to be FXCM (Forex Capital Markets, NYC), PFG (PFG Retail) and TDFX (3Dfx North America Los Angeles).

For instance, here is FXCM 5-min feed, to be compared to the ugly composite feed above:
EUR@FXCM A0-FX 5-min:
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And the same with 70 ticks:
EUR@FXCM A0-FX 70 ticks:
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Conclusion for me: do not look at eSignal's standard composite feed EUR A0-FX. Isolate relevant contributors.

Nicolas

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  #13 (permalink)
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Nicolas,

that is what I was suggesting. BTW, you can use FXCM's Forex data feed for free with Sierrachart.

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@rani ,

Absolutely! But I am a bit slow.
More seriously, I wanted to understand this eSignal stuff.
Thanks again

Nicolas

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Nicolas11 View Post
@rani ,

Absolutely! But I am a bit slow.
More seriously, I wanted to understand this eSignal stuff.
Thanks again

Nicolas

No worries, you are welcome -

Rani

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  #16 (permalink)
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I continue my investigation for a good tick feed for FOREX.

In order to appreciate the "density" of some feeds, I have counted the number of 500-tick bars they provided for EUR/USD in the 2-hour time window this morning (May 9th, 2012) between 09:00 and 11:00 (French time).

I am aware that it has no statistical value. It was just "to see".

Results:
- LMAX: 93 500-tick bars in 2 hours for EUR/USD
- MB Trading feed: 77 500-tick bars in 2 hours for EUR/USD << UPDATE
- FXCM within eSignal feed: 61 500-tick bars in 2 hours for EUR/USD
- ProRealTime: 38 500-tick bars in 2 hours for EUR/USD
- Interactive Brokers (Ideal Pro): 21 500-tick bars in 2 hours for EUR/USD

Screenshots below.

Nicolas

LMAX (EUR/USD 500 ticks):
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MB Trading (EUR/USD 500 ticks):
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FXCM within eSignal feed (EUR/USD 500 ticks):
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ProRealTime (EUR/USD 500 ticks):
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Interactive Brokers (Ideal Pro) (EUR/USD 500 ticks):
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Last edited by Nicolas11; May 9th, 2012 at 02:45 PM. Reason: Addition of MB Trading feed
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Nicolas11 View Post
I continue my investigation for a good tick feed for FOREX.

Have you looked into MB Trading (UK and US based)? I find their data feed quite good, and they are supported with MultiCharts, and provide a non-expiring demo account with data feed. Don't have traded through them, so can't comment on that.

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  #18 (permalink)
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Hi @Jura


Jura View Post
Have you looked into MB Trading (UK and US based)? I find their data feed quite good, and they are supported with MultiCharts, and provide a non-expiring demo account with data feed. Don't have traded through them, so can't comment on that.

Thanks for your suggestion!

I have opened a demo account, and below is what I currently see for EUR/USD 500 ticks in their own software (Desktop Pro). A bit scary. Have you already experienced this kind of things?

UPDATE: minute chart seems OK.

Nicolas

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Last edited by Nicolas11; May 9th, 2012 at 01:32 PM. Reason: update (visible)
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  #19 (permalink)
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Nicolas11 View Post
I have opened a demo account, and below is what I currently see for EUR/USD 500 ticks in their own software (Desktop Pro). A bit scary. Have you already experienced this kind of things?

UPDATE: minute chart seems OK.

Hi Nicolas

That certainly doesn't look right. However, in MultiCharts there are no problems (chart time set to exchange, 500 ticks, EURUSD):

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  #20 (permalink)
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@Jura,

It is also OK for me with Multicharts. Strange...

Anyway, I have added MB Trading in the comparison above (see updated message), and it ranks quite well (2nd position):

Nicolas11 View Post
Results:
- LMAX: 93 500-tick bars in 2 hours for EUR/USD
- MB Trading feed: 77 500-tick bars in 2 hours for EUR/USD << UPDATE
- FXCM within eSignal feed: 61 500-tick bars in 2 hours for EUR/USD
- ProRealTime: 38 500-tick bars in 2 hours for EUR/USD
- Interactive Brokers (Ideal Pro): 21 500-tick bars in 2 hours for EUR/USD

Nicolas

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