Hello Chris,
Yes, of course, if you send a entry orders to your broker then this is order is saved on the server of the broker.
Is this a deliberate or a function of their bandwidth?
I think both.
Market makers are very busy during news and their risk is much higher, especially when they guarantee Stopps which is typically at forex.
OK, so Metatrader, IB, quotetracker and eSignal are
alternatives?
Metatrader and esignal yes
Quotetracker…i have not tried the last plugin. Also IB, i have not tried it.
From where do the different market makers/ brokers obtain their data, if that is not a silly question?
If this comes from somewhere outside of
Australia then this latency may be a further factor.
Every market maker makes his own quotes, that’s the bad story. In can happen that your strategy gives different results with another broker.
This factor increases with lower time frames. As higher the time frame as more you can ignore this factor.
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Best Regards
Thomas
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From: amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxx] On Behalf Of kris45mar
Sent: Tuesday, May 23, 2006 6:49 PM
To: amibroker@xxxxxxxxxxxxxxx
Subject: RE: [amibroker] AB and Forex (starting out)
Thomas
Thx for taking the time to reply.
I will "watch" the action in the news over the next three days or so and stick to trading outside of those times on my demo account with FXCM.
What this means is if I enter at Market based on what I see I
may be way off the mark.
At present only doing Entry orders at predetermined levels.
Presumably the Entry buy or sell, limit and stop orders reside on their servers?
Meaning that if I have a PC/ISP/software crash then those orders are still good?
See also my responses below in green.
Many thanks.
ChrisB
"Thomas Z." <tzg@xxxxxxxxxxxxxxxx> wrote:
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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.
Is this a deliberate or a function of their bandwidth?
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.
OK, so Metatrader, IB, quotetracker and eSignal are alternatives?
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.
Point taken, so slightly longer time frames, perhaps.
(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.
From where do the different market makers/ brokers obtain their data, if that is not a silly question?
If this comes from somewhere outside of Australia then this latency may be a further factor.