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More Volumes = Best Broker (study on some brokers)

  • #41
  • Jun 14, 2020 11:26am Jun 14, 2020 11:26am
Quoting Laurus12
{quote} Thanks aVan! A bit rusty here. Did you read my post (#36)? Try Fusion Markets and see what you get.

the only thing i care about is Which & how many Liquidity providers these broker get data feed from,,
//
just like my broker IC market ,,, they claim that they take data feeds from ~ 50 LPs,, "IC Markets’ liquidity providers include Bank of America, JP Morgan Chase, Bank of Tokyo-Mitsubishi UFJ, GSA Capital, and Morgan Stanley. This makes the company a reputable institution.
Or Liquidity Providers of GKFX ECN : LMAX Exchange (London Multi Asset Exchange),Currenex,Integral ,KCG Hotspot,CFH Clearing,FXCM.
Or Arumcapital :Our liquidity providers are Swissquote Bank and LMAX Exchange.
,,,
so the point is if they dont cheat their clients so the tick volume must be relatively better for brokers that use better LPs ,, thats all what i need best broker offering EURUSD data feed
  • #42
  • Edited Jun 15, 2020 3:23am Jun 14, 2020 3:01pm | Edited Jun 15, 2020 3:23am
Quoting aVan
{quote} the only thing i care about is Which & how many Liquidity providers these broker get data feed from,,...., so the point is if they dont cheat their clients so the tick volume must be relatively better for brokers that use better LPs ,, thats all what i need best broker offering EURUSD data feed
Regarding tick volume and liquidity there isn't necessary a direct relationship between them. I believe it's mostly quite relative. There can be high liquidity available, but the pricefeed you are getting can still be highly filtered giving few price updates compared to others. Some years ago there was a known Futures/Forex broker that just provided 1 second snapshots of price movement. If you compare FXCM, IC Markets and Fusion Markets on the EURAUD, Fusion Markets has way higher tick volume/ price updates than the two others. It might be true that Fusion Markets has the highest liquidity available on the EURAUD, but based only on tick volume we actually do not know.
  • #43
  • Jun 14, 2020 3:25pm Jun 14, 2020 3:25pm
C0 - Last week comparing FXCM, FP Markets, and Fusion Markets Look at EURJPY, EURNZD, GBPJPY, EURAUD, GBPAUD...
Attached Image
  • #44
  • Jun 14, 2020 9:29pm Jun 14, 2020 9:29pm
Quoting Laurus12
C0 - Last week comparing FXCM, FP Markets, and Fusion Markets Look at EURJPY, EURNZD, GBPJPY, EURAUD, GBPAUD... {image}
why the heck ,, ICmarket shows numbers much lower???
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 55 KB
  • #45
  • Edited 10:17pm Jun 14, 2020 10:04pm | Edited 10:17pm
Quoting Laurus12
C0 - Last week comparing FXCM, FP Markets, and Fusion Markets Look at EURJPY, EURNZD, GBPJPY, EURAUD, GBPAUD... {image}
hey,, i think there is something wrong with my IC acct here ,, I just test my own simple EA commentTICK on weekly candle & it shows diffrent result
Could you test my EA too? & show your result on some pairs like me with your above brokers
attached is the EA commentTICK & my result
Attached Image (click to enlarge)
Click to Enlarge Name: tick W_ ICMarkets-Live04 - [EURUSD,H1].png Size: 515 KB
Attached File(s)
File Type: mq4 CommentTICK.mq4   2 KB | 220 downloads
  • #46
  • Jun 15, 2020 3:21am Jun 15, 2020 3:21am
Quoting aVan
{quote} why the heck ,, ICmarket shows numbers much lower??? {image}
Attach it to a weekly chart
  • #47
  • Edited 4:57am Jun 15, 2020 4:36am | Edited 4:57am
Quoting aVan
{quote} hey,, i think there is something wrong with my IC acct here ,, I just test my own simple EA commentTICK on weekly candle & it shows diffrent result Could you test my EA too? & show your result on some pairs like me with your above brokers attached is the EA commentTICK & my result {file} {image}
It seems like your 'CommentTICK' are showing Weekly tick volume even if it is attached to a H1 chart. As mentioned in my previous post, try attaching the 'Al_Raqeem_VOLUME' to a weekly.

Looking at W1 for the EURAUD in your last screenshot it says 1135282 which show that IC Markets for previous week had slightly more than FXCM at 1127437 on the MT4 platform

A comment regarding high tick volume; If there would be no filtering of price feeds at all you could experience price fluctuating all over the place making it quite difficult to visually time your trades. So there is too much of the 'good' too. There is also data storage space that has to be taken into consideration. I guess some data providers has chosen high filtering because it takes less storage space. But too much filtering will as mentioned give missing details for volume analysis and you will also miss out on the possibility to develop a feel with the changing temperaments in the market.
  • #48
  • Jun 15, 2020 6:39am Jun 15, 2020 6:39am
Quoting Laurus12
{quote} It seems like your 'CommentTICK' are showing Weekly tick volume even if it is attached to a H1 chart. As mentioned in my previous post, try attaching the 'Al_Raqeem_VOLUME' to a weekly. Looking at W1 for the EURAUD in your last screenshot it says 1135282 which show that IC Markets for previous week had slightly more than FXCM at 1127437 on the MT4 platform A comment regarding high tick volume; If there would be no filtering of price feeds at all you could experience price fluctuating all over the place making it quite difficult to...
thanks bro,, could you attach my the CommentTick on EURUSD for FXCM & post the result,,, i wanna compare data for EU recently few months on FXCM & IC
,, seem like last week TICK on EU of IC still much lower on FXCM
thanks bro
  • #49
  • Jun 6, 2021 9:56am Jun 6, 2021 9:56am
I made screenshots of all the volumes on 06/06/2021
for m5, m15, h1, d1, w1

here are the names of the files
https://pastebin.com/0867vLEq

here are the brokers used with demos
Deltastock
Dukascopy
FinaltoUK
Forex.comUK
FusionMarkets
FXCM
GlobalPrime
HDGMarketsLimited
IG-DEMO
KeyToMarkets
LCG-Demo2
LMAX-DemoUK
LMAXGlobal-DEMO
LMFX-Demo
MetaQuotes
OANDA
PepperstoneUK
PrimeXM-Demo3
Renesource
Swissquote
Tickmill
TickmillEU
VantageFXInternational

volume propre2.7z
https://www120.zippyshare.com/v/NynOxDm3/file.html

gallery here
https://ibb.co/album/pjNs17
  • #50
  • Jun 6, 2021 10:07am Jun 6, 2021 10:07am
I will do the same in the middle of the week, probably at the end of the NY session, in order to get even more relevant data for the short periods
  • #51
  • Jul 7, 2021 2:48am Jul 7, 2021 2:48am
Hey guys!

I don't trade FX pairs, but I do use a FX Broker to trade Indices. I use Dukascopy and their own platform Jforex.

I am continuing learning and the last book I read talks a lot about volume. I started to take volume into consideration before enter a trade but I realized the volume is very different from each broker, even in Indices. I know that for FX pairs the volume is not reliable, but I didn't know for Indices they are not accurate either.
Any suggestion of where I can get a accurate feed? Even if I need to have a second platform or website to check it.

Thanks!
  • #52
  • Jul 7, 2021 5:16am Jul 7, 2021 5:16am
Quoting lebaruch
Hey guys! I don't trade FX pairs, but I do use a FX Broker to trade Indices. I use Dukascopy and their own platform Jforex. I am continuing learning and the last book I read talks a lot about volume. I started to take volume into consideration before enter a trade but I realized the volume is very different from each broker, even in Indices. I know that for FX pairs the volume is not reliable, but I didn't know for Indices they are not accurate either. Any suggestion of where I can get a accurate feed? Even if I need to have a second platform or...
Well, the most accurate way would be to have live stock market data. Identify what stocks make up the index, and importantly, how much weight they each have in % terms. Then you would need a program or software that can analyze each stocks volume in real time and combine them in a way that represents each stocks weight in the index. That would be the best way.

-or you could just look at the futures, like most people do.
  • #53
  • Jul 7, 2021 5:26am Jul 7, 2021 5:26am
Quoting BubaYaga
{quote} Well, the most accurate way would be to have live stock market data. Identify what stocks make up the index, and importantly, how much weight they each have in % terms. Then you would need a program or software that can analyze each stocks volume in real time and combine them in a way that represents each stocks weight in the index. That would be the best way. -or you could just look at the futures, like most people do.
Yeah, I was reading about futures.

And you think it is reliable? I was comparing my charts with DAX Futures from EUREX, the price action is very different in small time frames.
  • #54
  • Last Post: Jul 7, 2021 7:56am Jul 7, 2021 7:56am
Volume on the "cash" market is much larger than the futures. I don't put a huge amount of importance on the futures volume, personally.
Who are the large players trading FDAX on Eurex? I doubt it's institutions speculating on outrights. It's probably calendar spreading algos, or some HFT book placement trying to arbitrage when futures price deviates too far away from the cash price.

That's just my opinion.
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