Metatrader data feed Help Please | Forex Factory

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Metatrader data feed Help Please

  • #1
  • First Post: Nov 26, 2007 8:55am Nov 26, 2007 8:55am
Hi, just developed my own system, based on some indicators that where available here, manually back tested it with IBFX, and then it came to my mind and I checked in FXDD too, the results are very different, indicators show different data etc, entry prices are very different, exit prices too, I think it is because of weekend data, my doubt, is should I rely on charting with weekend data, or without it, and by the way, the Interbank FX is a demo account, and FXDD is a Live account? It shows better results with weekend data and the Demo account, please share your thoughts.

Thanks
Logic will get you from A to B. Imagination will take you everywhere.
  • #2
  • Nov 26, 2007 8:57am Nov 26, 2007 8:57am
Interbank FX Chart
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Logic will get you from A to B. Imagination will take you everywhere.
  • #3
  • Nov 26, 2007 8:59am Nov 26, 2007 8:59am
FXDD Charts
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Logic will get you from A to B. Imagination will take you everywhere.
  • #4
  • Nov 26, 2007 9:05am Nov 26, 2007 9:05am
I realize that the bars look also different, that suggests me the issue is because the price feed, every brooker has it's own; and maybe different spreads, have you checked that?
Ado Whether you believe you can do a thing or not, you are right.
  • #5
  • Nov 26, 2007 9:12am Nov 26, 2007 9:12am
Quoting Masmp_FX
Hi, just developed my own system, based on some indicators that where available here, manually back tested it with IBFX, and then it came to my mind and I checked in FXDD too, the results are very different, indicators show different data etc, entry prices are very different, exit prices too, I think it is because of weekend data, my doubt, is should I rely on charting with weekend data, or without it, and by the way, the Interbank FX is a demo account, and FXDD is a Live account? It shows better results with weekend data and the Demo account, please share your thoughts.

Thanks
Hi there,

Yes, you are correct about variations in data as a result of weekend data included in some MT4 charts (different brokers). It also happens on different time frames subject as to which time zone the individual broker uses.

An example is the H4 chart - a broker whose day starts at 00:00 EST will produce a 4hour candle that will look quite different from a a broker whose day starts at 00:00 GMT (5 hours earlier).

So, you will not only get different results or signals from using a broker who includes late Sunday data, you will also get different results based on the time zones.

The shorter the time frame on which your signals for your method are based, the more discrepancies you will get during testing/trading.

The fact that you get better results for your recent test doesn't mean that future results will not be reversed when comparing again though.

regards
daytrading
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  • #6
  • Nov 26, 2007 9:13am Nov 26, 2007 9:13am
The first thing I'm noticing is the FXDD chart has less data on it... it would help for us to compare the price action if both charts were covering the exact same periods.

Or is this the weekend data issue you're describing?
Trade Small. Be Patient. Learn to Survive.
  • #7
  • Nov 26, 2007 9:21am Nov 26, 2007 9:21am
Yes, I realized most of the bars are different, its not the spread, the difference from one to another is 1 or 2 pips spread, in those charts are differences of 100 pips or more, I think its because IBFX is demo account and FXDD is live account.

Thanks for your reply
Logic will get you from A to B. Imagination will take you everywhere.
  • #8
  • Nov 26, 2007 9:34am Nov 26, 2007 9:34am
Quoting daytrading
Hi there,

Yes, you are correct about variations in data as a result of weekend data included in some MT4 charts (different brokers). It also happens on different time frames subject as to which time zone the individual broker uses.

An example is the H4 chart - a broker whose day starts at 00:00 EST will produce a 4hour candle that will look quite different from a a broker whose day starts at 00:00 GMT (5 hours earlier).

So, you will not only get different results or signals from using a broker who includes late Sunday data, you will also get different results based on the time zones.

The shorter the time frame on which your signals for your method are based, the more discrepancies you will get during testing/trading.

The fact that you get better results for your recent test doesn't mean that future results will not be reversed when comparing again though.

regards
daytrading
Hi first of all thanks for your reply, I now understand because that happens in 4h charts, I trade with oanda, what is the most reliable data feed from MT4 to trade in oanda?
Logic will get you from A to B. Imagination will take you everywhere.
  • #9
  • Nov 26, 2007 9:51am Nov 26, 2007 9:51am
Masmp hi,

Unfortunately, I can't answer that since I do not use Oanda - in fact, I use an ECN outside the MT4 platforms.

Having said that, my reason for chosing the brokers I have (MetaQuoates, Alpari, IBFX and Velocity) is that they are operating my time zone (GMT +/-1 hour) simply for convenience and as backup if a feed goes down.

I trade off of daily charts and don't use indicators (except one) - so to me it doesn't matter if a Sunday bar/candle is missing or not.

hope it helps

regards
daytrading
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  • #10
  • Nov 26, 2007 9:56am Nov 26, 2007 9:56am

After burning some neurons, I came to the conclusion that I don’t need to change the data feed because the problem is with the start of the candles, if it starts at GMT, or EST, what matters is that I make profit, I hope that all my neurons didn’t got burned, so I’m I right or wrong?
Logic will get you from A to B. Imagination will take you everywhere.
  • #11
  • Nov 26, 2007 10:11am Nov 26, 2007 10:11am
Masmp hi,

I can't tell you that - (I don't know your way of trading)

What I can tell you is this: if your method relies on extremely accurate entries/exits (to a point or 2) and you trades are high frequency, then yes, having the "wrong feed" could take chunks out of your profitability.

If on the other hand your method produces signals on a low frequency basis with high duration per trade, than it shouldn't matter at all which charts to use.

regards
daytrading
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  • #12
  • Nov 26, 2007 10:23am Nov 26, 2007 10:23am
Quoting daytrading
Masmp hi,

I can't tell you that - (I don't know your way of trading)

What I can tell you is this: if your method relies on extremely accurate entries/exits (to a point or 2) and you trades are high frequency, then yes, having the "wrong feed" could take chunks out of your profitability.

If on the other hand your method produces signals on a low frequency basis with high duration per trade, than it shouldn't matter at all which charts to use.

regards
daytrading
I completely agree. If you trade with thight stops and limits, you better use the feed of the broker you are using live, or study enough the differences between demo-live broker prices, you might want to have a margin of 2-3 extra pips in stops and limits to avoid having problems with different feeds.
Ado Whether you believe you can do a thing or not, you are right.
  • #13
  • Last Post: Edited 11:01am Nov 26, 2007 10:44am | Edited 11:01am
Quoting daytrading
Masmp hi,

I can't tell you that - (I don't know your way of trading)

What I can tell you is this: if your method relies on extremely accurate entries/exits (to a point or 2) and you trades are high frequency, then yes, having the "wrong feed" could take chunks out of your profitability.

If on the other hand your method produces signals on a low frequency basis with high duration per trade, than it shouldn't matter at all which charts to use.

regards
daytrading
Hi, I usually have 6 to 12 trades per month, each trade has the duration from 1 day to 15 days, my stop losses are big 175 pips, for what I understand, with some other brokers, I may get in or get out latter/sooner, because I rely on the close of the candles, and the candles start and close at different times, but the real data feed is the same, I've been live trading in oanda this system and never had that kind of problem.
I think I got it, thanks
Logic will get you from A to B. Imagination will take you everywhere.
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