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Hi - just wondering if anyone can recommend a spot FX datafeed for NT other than Kinetick?
Kinetick spreads are too wide for my purposes, at times showing 2-2.5 pips on EURUSD when my broker's offering 0.5. My otherwise excellent broker's data feed appears to be 1-5 seconds slow at times (comparing Time & Sales to a synchronised computer clock).
I'm aware there is no one 'correct' spot FX price at any time, but I know people who are scalping successfully using 3rd party data, 'cos it's faster than their broker feed and accurate enough in practise. But, they're using web-based charting that doesn't supply a feed for NT - I want to be able to use NT Chart Trader with the chart displaying up to date prices.
I work at FXCM and I think we may have a solution for you. We offer a platform called Historical Data Downloader (HDD), which provides access to all historic data that FXCM has. I mentioned it originally in this post.
To summarize, the HDD platform is available for purchase from the FXCM App store. Alternatively, if you have an FXCM trading account with over $5,000 balance, you can get the HDD platform for free! All you need to do is:
Send an email with the following details to: [email protected]
1. Account holders full name
2. Account number
3. Email address
Again, send the above information to [email protected] and we will confirm that there have been $5,000 in net deposits this calendar year. Once it’s confirmed, we will send you the Historical Data Downloader and Registration Key (required to login) for free.
You also asked about spreads. The HDD platform will download data based on the account you use to login with. You can use a demo or live FXCM account to login with. Click here for the appropriate demo:
Thanks for the info, guys - however, my problem isn't with historical data or Market Replay data - what I need is a live datafeed which works with Ninja Trader, which has tight FX spreads (typically 0.5 pip on EURUSD) and doesn't cost the earth.
In the first post he said he already has a broker that offers a 0.5 spread but for some reason the data feed is lagging.
I think this is more of a techinal support issue, if you get a different data feed and your entering prices off your data feed couldnt that cause some problems between the 2 feeds?
In the message I quoted what he is describing is a broker. In spot market there is no such thing as one data feed being better than another, like in futures market. Spot market what you are choosing is the broker, for all things -- including any feed issues.
You can have separate feed from your broker, but there is no guarentee they will match. It all depends on what liquidity providers are included in the feed. So actually 1 feed could possibly be better than another. Most forex traders will usually have at least 2 feeds, one from the broker and a second just to confirm it and check against any abnormalities. For example having a sim feed from another broker or getting something like a reuters or bloomberg feed.
Just noticed he said he wanted to execute through chart trader, for that it has to be the brokers feed going through ninja, because that is what you are executing off of.
If you want a second comparison feed, it should be futures since it's a regulated market. Comparing one unregulated feed to another unregulated feed is not fruitful in my opinion. Trading any feed other than your broker feed is also quite difficult since the prices will not align. If you want to trade patterns only, you could trade on a futures chart and execute on spot forex, but still the price difference will lead to difficulty in stop placement, target placement, etc.