Profit is where readiness meets Opportunity
MT4 synch objects to different charts (same pair, different tf) 11 replies
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Quoting FXopportunistDislikedDid anyone ever wonder why the charts your broker supplies have a different data feed that your trading platform?????Ignored
Quoting raczekfxDislikedIt could be that different brokers use different data feed. Based on my experienced with different feeds, price can vary between 1-4 pips in a quiet market.Ignored
Quoting FXopportunistDislikedNot quite what i was getting at raczekfx. More specifically. Why does your broker use a different source of data for thier charting that for thier trading platoform?Ignored
Quoting raczekfxDislikedBrokers, who don’t charge commissions, make money on the spread as well as price difference between what their data source shows and what they present to you on the platform. If you meant, their charting software and platform shows different price then to be honest, I never experienced this. Do you have any specific b. in mind?<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>Ignored
Quoting FXopportunistDislikedNot quite what i was getting at raczekfx. More specifically. Why does your broker use a different source of data for thier charting that for thier trading platoform?Ignored
Quoting mrmikalDislikedThe answer is really quite simple...because your broker finds it too expensive to try to create and manage charting applications. It is easier for them to get a volume license (including tick data) from a third party vendor than it is for them to develop.
A perfect example of this is FOREX.com...they use Pro-sticks charting package that's basically a control for them to add on their java applet platform. The feed gets streamed via HTTP from a different server completely than their own price feed.
Let's put it this way...often times, chart developers will allow free volume licensing for IB's or Brokers themselves if they used their preferred data vendor. Then they charge a per seat monthly license fee for usage. This is more desireable for the third party as it allows them to take in recurring revenue from the data stream rather than a 1-time per-seat charge.
In the end, you're paying for the feed. For the broker, it may cost $10 a seat, but you pay 1 pip of spread on a standard lot trade and you're pretty much golden, right?
Don't look too deeply into this man...there are no conspiracies here.Ignored
Quoting FXopportunistDislikedGot it. Makes sense.
What do you think about brokers who will not share their API data?Ignored
Quoting mrmikalDislikedI would prefer it if they did offer an API, but if they don't share it, they don't...I would say 90% of the retail brokers won't share their API. It has nothing to do with advantages, though...it has to do with support. If you offer an API, no matter WHAT people tell you, you HAVE to support it. Meaning, you have to keep good documentation. You have to answer e-mails, etc. Inevitably there will be questions that have to be answered, and if you DON'T want to deal with that, you don't share your API...same with any company who makes any sort of software.
Often times, these brokers only have their technologies to set them apart. If they start sharing that, it might expose them to competitors. It's just safer.Ignored
Quoting FXopportunistDislikedDid anyone ever wonder why the charts your broker supplies have a different data feed that your trading platform?????Ignored
Quoting aparsaiDislikedThere are some brokers like Forex.com that are not the actual chart provider. That's why their quotes are different from what you see on the chart. But to my knowledge those brokers who use MetaTrader offer you the same price as what you see on the chart. I know that IBFX and MIGFX are within this category.Ignored
Quoting mrmikalDislikedYou have excellent intuition...now...channel that intuition and make millions in FOREX.
1 pip a trade on 25% at 400:1 = $1000 to $1,000,000 in 2298 trades.Ignored
Quoting mrmikalDislikedhey...that's what I said a yesterday! :-) copy catIgnored