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Interactive Brokers Tick Charts


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Interactive Brokers Tick Charts

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  #1 (permalink)
 Kelko100 
Toronto Canada
 
Experience: Advanced
Platform: Ninjatrader
Trading: ES
 
Posts: 3 since Jul 2017
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Interactive Brokers apparently now has tick data available through TWS. Has anyone tried using tick charts with their data?

IB tick charts have a terrible reputation historically because of the aggregated 'snapshot' data they used to provide but this is an updated feature. I just haven't heard anyone speak about the quality of the tick charts using this new feature yet.

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  #2 (permalink)
 Shmo7 
Toronto, Canada
 
Experience: Advanced
Platform: NinjaTrader
Broker: Interactive Brokers
Trading: NQ, RTY, CL, USD/CAD, EUR/USD
 
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I've used IB's tick data. The biggest drawback with their tick data is that you're not able to backfill historical data, so unless you're willing to collect the tick data, it's not much use ….unless you incorporate very short time-frames or leave your TWS on 24/7.

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  #3 (permalink)
 Kelko100 
Toronto Canada
 
Experience: Advanced
Platform: Ninjatrader
Trading: ES
 
Posts: 3 since Jul 2017
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Interesting. That's helpful actually I might try it out as I don't need historical, just live for short term equities trading. I'm kind of in between data feeds ATM so it's worth a shot.

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  #4 (permalink)
 Shmo7 
Toronto, Canada
 
Experience: Advanced
Platform: NinjaTrader
Broker: Interactive Brokers
Trading: NQ, RTY, CL, USD/CAD, EUR/USD
 
Posts: 14 since Aug 2017
Thanks: 31 given, 40 received


Kelko100 View Post
Interesting. That's helpful actually I might try it out as I don't need historical, just live for short term equities trading. I'm kind of in between data feeds ATM so it's worth a shot.

Remember, IB tick data does not start until a chart is opened. If you use indicators of any sort, you'll need a minimum # of bars before that indicator is valid. For example, if you use a 50 tick bars and a 150 SMA..... you'll may need to wait hours (depending on how activate the market is) before the 150 SMA is giving you accurate information.

If you're trading solely using price action without any indicators, IB's tick data may work.

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  #5 (permalink)
 Kelko100 
Toronto Canada
 
Experience: Advanced
Platform: Ninjatrader
Trading: ES
 
Posts: 3 since Jul 2017
Thanks: 1 given, 0 received

Valid point. I'm a price action guy so I think it's a decent workaround for now. Thanks.

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