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Kinetick vs IB tick data
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Kinetick vs IB tick data

  #11 (permalink)
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Unless you are doing market delta studies, the IB feed is good enough for price. IIRC, the 5 second bars sent from IB have the accurate volume also but no bid-ask split. I am not sure how your charting software will use that information though, but if you are writing your own code you can use the 5 second bars to get accurate volume.

The one HUGE advantage of the IB feed is that it is sampled so you get the latest price every 50-100 ms even during periods of high volatility. Many tick-true feeds choke up during periods of high volatility. Or even if the feed can keep up with the pace of the tape, your software may choke because it has to process too many ticks in a very short period of time. This is especially true if you have code which recalculates on every incoming tick.

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  #12 (permalink)
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aviat72 View Post
The one HUGE advantage of the IB feed is that it is sampled so you get the latest price every 50-100 ms even during periods of high volatility. Many tick-true feeds choke up during periods of high volatility. Or even if the feed can keep up with the pace of the tape, your software may choke because it has to process too many ticks in a very short period of time. This is especially true if you have code which recalculates on every incoming tick.

Hello, that only happens during high-impact news once in a while, and that advantage is useless for me and it should be useless for most traders since I don't trade 10 minutes before news and 15 minutes after news.

If the markets are jumping during news very heavily, you know what I mean, why in the hell do you want to trade that ? It's un-tradable. Trading that is suicide and I need to meet the first trader who can trade heavy jumping market under very heavy news conditions.

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  #13 (permalink)
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MetalTrade View Post
Hello, that only happens during high-impact news once in a while, and that advantage is useless for me and it should be useless for most traders since I don't trade 10 minutes before news and 15 minutes after news.

If the markets are jumping during news very heavily, you know what I mean, why in the hell do you want to trade that ? It's un-tradable. Trading that is suicide and I need to meet the first trader who can trade heavy jumping market under very heavy news conditions.

Im a newbie, could u tell me if ur happy with TT/DTN-iQFEED for a range bar chart?
I was thinking of IB, but not sure yet

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  #14 (permalink)
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mmllpp2009 View Post
Im a newbie, could u tell me if ur happy with TT/DTN-iQFEED for a range bar chart?
I was thinking of IB, but not sure yet

Hello, it depends on your exact type of trading. The TT datafeed I use is for ordering currently on sierracharts DOM and the DTN/IQFeed is for charting because I need correct bid/ask data.

If your new, please read many threads here about starting to trade and please go on SIM for many months before starting with your real money. You will lose it all otherwise. Thanks

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  #15 (permalink)
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aviat72 View Post
Unless you are doing market delta studies, the IB feed is good enough for price. IIRC, the 5 second bars sent from IB have the accurate volume also but no bid-ask split. I am not sure how your charting software will use that information though, but if you are writing your own code you can use the 5 second bars to get accurate volume.

The one HUGE advantage of the IB feed is that it is sampled so you get the latest price every 50-100 ms even during periods of high volatility. Many tick-true feeds choke up during periods of high volatility. Or even if the feed can keep up with the pace of the tape, your software may choke because it has to process too many ticks in a very short period of time. This is especially true if you have code which recalculates on every incoming tick.

I can't imagine how a 50ms snapshot of the market can make a difference to me using IB, when it takes me 15 seconds to make a decision on a trade, and another 2.5 seconds to reach for the mouse. And I trade more then everyone on this forum. I will normally take 15 to 30 trades per day. To be fair, I don't use bid/ask, and I don't use volume in my trading, and I also trade ETF's as well as Futures. Do any of the other feeds offer equities? that is the main determinant for me to consider a new feed?

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  #16 (permalink)
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Big Mike View Post
Accurate tick data from IB is not possible. Accurate tick data from DTN (Kinetick) is a given, it is pretty much the best there is. If you aren't using tick data and are trading only equities on 5 minute charts, then IB data is "good enough" most likely. But if you are using tick data, then you owe it to yourself to use good tick data -- which is not IB.

IB filters data, it's called snapshot data, it means they are only sending some of the information. Do you want to read a book with some pages missing? You don't know if what is on those pages is important or not, so it is best to read the book with all the pages.

Mike

Thanks, this was very helpful. I am trading the EUR/USD using an automated strategy and wasn't sure if it made a difference. I've signed up and I will give it a try for a month or so to see how it works.

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  #17 (permalink)
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togier View Post
Thanks, this was very helpful. I am trading the EUR/USD using an automated strategy and wasn't sure if it made a difference. I've signed up and I will give it a try for a month or so to see how it works.

If you are trading Forex & not the 6E futures contract - forget getting tick data off anyone.

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  #18 (permalink)
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I would like to ask you something. I know that comparing IB tick data versus IQ feed for example is like compare Mercedes S versus Vauxhall Astra.... But I have noticed a strange thing.

I am on IB datafeed for TF (rusell 2000). I have MultiCharts 7 on one computer and Multicharts DT on another PC. One of them is connected to my live account with IB and second one is connected to my paper trading account with IB. So here is the summary:

1. PC: MultiCharts 7 Beta; IB live datafeed; TFM1 (rusell 2000); 6 point range
2. PC: MultiCharts 7 DT; IB paper datafeed; TFM1 (rusell 2000); 6 point range

And the problem is both of them are on IB and should take the same data but there is huge difference between data even when there is exactly the same settings on both PC's. So I know tick data from IB are far from reality but I don't understand the difference between two exactly same datafeeds at the same time...

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  #19 (permalink)
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trigon View Post
I have MultiCharts 7 on one computer and Multicharts DT on another PC. One of them is connected to my live account with IB and second one is connected to my paper trading account with IB.

Maybe that is the difference.

But I wouldn't spend much time on this, IB tick data is not worth spending time on...

Mike

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  #20 (permalink)
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monpere View Post
Yeah, feed X is 175% more accurate then feed Y, but is it gonna make you any money? Unless you are trading some high frequency black box arbitrage system, or auto trading for 2 ticks at a time hundreds of times a day, or unless you know your system will crash and burn if your bid/ask volume is off by 12 contracts, then I don't think it matters much at all. I am a scalper, scalping for 6 ticks targets on range bars using Interactive Brokers, and have been doing for years with no issues. So, if you are a trend trader looking for 40 tick targets, I say save your money on super duper feeds.

How do you catch up with the indicators, when you use IB Range data?

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