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Multicharts and bid/ask volume
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Created: by dkelly Attachments:5

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Multicharts and bid/ask volume

  #11 (permalink)
Trading for Fun
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zikonc View Post
it's hard for me to believe that two feeds would report different values ....... i always had a concern of "when they reported" and not "if they reported" ......

If you ever spend some time comparing, it will become easier and easier to believe. Two different feeds will differ quite often. In addition, many people don't realize that two setups with the same feed provider will have differences in their data in some cases. Decent feeds are like a Monet... stay away from feeds that are like a Picasso.

 
  #12 (permalink)
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Richard View Post
Decent feeds are like a Monet... stay away from feeds that are like a Picasso.

Thanks Richard.........if you don't mind me asking, based on your experience IQFeed=Monet? and ZenFire=Monet? or Picasso?.........

 
  #13 (permalink)
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zikonc View Post
Thanks Richard.........if you don't mind me asking, based on your experience IQFeed=Monet? and ZenFire=Monet? or Picasso?.........

It depends on what you want. Generally a 5-minute chart of price is going to be practically identical between good data feeds. It's only when you decide you want to know about all the trades that you start having to scratch your head. From what I've seen, it's probably safest to use a methodology that doesn't hinge on you knowing exactly what took place in the market, because it's apparent on investigation that you can't get that kind of precision from everyday data feeds.

I've not used IQFeed... lately I've found that my barchart.com feed has a lot more tick data in it than my Zenfire (example: Move the Markets • ZenFire vs. Barchart.com feed). For most purposes, eSignal, ZenFire, Tradestation, and Barchart.com have all been acceptable to me, with TS being the most questionable of them. As a point of interest, I found I got more and better data from eSignal when I connected from my parents' house in Oklahoma than when I connected in Texas. No wonder my clients from around the world kept complaining their charts didn't match mine! I did not care for TransAct or IB feeds, and would not personally use them again.

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  #14 (permalink)
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I have IQfeed and Zen side-by-side. IQfeed has far, far FAR more "updates" (ie: bid/ask, dom) than Zen Fire, but is a fraction of a second slower. I can see Zen tick a 'last' price a fraction of a second sooner than IQfeed will.

So it will depend on what is more important, complete picture of bid/ask but very slightly slower feed, or incomplete picture of bid/ask but slightly faster feed.

It seems eSignal has been going down hill lately. Barchart is becoming more widely accepted for retail lately it seems, I've not used them. Based on my own personal experience, I would still rank it 1) Zen Fire, 2) IQfeed, 3) eSignal. But if bid/ask is important, then IQfeed is #1.

Mike

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  #15 (permalink)
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Thanks Mike and Richard.....I use bid and ask so I'll give IQFeed one more try to see if it makes difference on my end..

at first IQFeed had me on some sort of simulated feed trial without even telling upfront so I have no clue what I demoed....I wonder what else are they not telling me.....barchart was randomly disconnecting in NT6.5 and they suggested I should work with NT on solution.......hmmmm, who is paying who here.....esignal was trying to sell me everything but the feed alone......I ran out of time ....or patience, forgot what happened first, so I moved on........

looking to short 6E down to 1.3400......it's at 1.3427 I think.......

 
  #16 (permalink)
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zikonc,

Contact Jay Froscheiser @ DTN IQFeed. His email is jay.froscheiser [ at ] telventdtn [ dot ] com. His phone number is 402-399-2816.

Tell him you want the hook up and to get it right He's a good guy and will make sure you are taken care of.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
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  #17 (permalink)
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Here's what Multicharts support had to say:

Attached Thumbnails
Multicharts and bid/ask volume-multicharts-bidask.png  
 
  #18 (permalink)
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dkelly View Post
Here's what Multicharts support had to say:

After you contact IQfeed I'd like to hear what they say. If you don't get resolution on this for sure let me know, I'll see if I get a different answer. Please contact IQfeed and see.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

 
  #19 (permalink)
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Big Mike View Post
After you contact IQfeed I'd like to hear what they say. If you don't get resolution on this for sure let me know, I'll see if I get a different answer. Please contact IQfeed and see.

Mike

Hi Mike.....my reason for wanting IQFeed is to have a place to go to when I need my Gom files updated.....I followed Gomi's recommendation and decided to try IQFeed+QCollector combo....I was not getting any Ask/Bid in QCollector and wondered if there is an issue with the software.....below is the response I got from Dave DeLuca.......now, I understand if I was not getting Ask/Bid values because they had me on simulated feed but Dave was not getting those values either.......

Attached Thumbnails
Multicharts and bid/ask volume-qcollector.png  
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  #20 (permalink)
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Here's what IQfeed said:

Attached Thumbnails
Multicharts and bid/ask volume-iqfeed1.png  

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