Hello Chris,
see my answers below:
From:
amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxx] On Behalf Of kris45mar
Sent: Monday, May 22, 2006 7:27 AM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] AB and Forex
(starting out)
Hello All...
Looking to play with FX platforms and feeds.
Is there a significant difference between prices/quotes between the different
market makers?
Yes, this can happen, especially in fast markets (news), some brokers react
faster than others, some have gaps, some not, and so on. FXCM mostly reacts
slower.
It’s very important to test a demo and ask the broker if the demo
reflects real prices.
What I am getting at is
this: if I get Fx prices from say quotetracker but use FXCM trading platform
( their charts are not that hot) or from Oanda, is this viable or fraught with
error?
See above. I have seen difference of 20 pips at fast markets, for about 30-60
seconds. But it could also be that some brokers don’t show their real
prices in the charts and update their charts later, i have seen this also.
I can chart fx data in AB with Amiquote down to one minute, but only on some of
the currency pairs.
Does anybody use *one* trading platform and a *different* data source?
I would guess that for anything other than intraday moves this would be OK, but
not OK for intraday moves.
Yes, i use Metatrader quotes for amibroker. As long as you don’t trade
news it’s OK. Forex news are mostly very heavy and some brokers even
block you trading. J
Under normal conditions it’s no problem. Of course, it also depends on
your strategy.
Just looking around at FX platforms and how best to integrate this with AB Pro,
latest version.
I am presuming it is better to find a way to use the same data as the market
maker feeds us. Yes, of course, but
not all market makers give you their feed.
How would one go about this or is one then best to use their charting.
I prefer to use and test strategies with a Stopp and profit target of at least 25
pips or more. In such cases the price differences between brokers are not so
important, because they are only about 10% of my target.
(Does anybody here in Oz use any of the CFD providers for forex? E.g. Man or
CMC?
Or is it better to just
stick with a dedicated Fx plaform?
Don't want to clog the boards with this:
If there is anyone here in W.Australia with any advice please contact me at
kris45mar [at] yahoo.com )
CMC
seems a little bit slowly to handle, but i have not tested it on a live
account.
Regards
Thomas
www.tradingbasis.com
Regards
ChrisB
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