Is there anywhere I can see everyone's open orders | Forex Factory

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Is there anywhere I can see everyone's open orders

  • #1
  • First Post: Jun 6, 2011 4:42am Jun 6, 2011 4:42am
Sometimes when I read the news it say for example "there are a lot of buy orders around $1.4580/90 or a lot of sell orders around $1.4670/80" It says it in the last sentence in the 8th paragraph of this article; http://www.reuters.com/article/2011/...74U02L20110606
Just wanted to know if this information is available anywhere to the general public or only to brokers.
It's NOT GAMBLING when the odds are in your favor
  • #2
  • Jun 7, 2011 11:49am Jun 7, 2011 11:49am
Quoting User Name
Sometimes when I read the news it say for example "there are a lot of buy orders around $1.4580/90 or a lot of sell orders around $1.4670/80" It says it in the last sentence in the 8th paragraph of this article; http://www.reuters.com/article/2011/...74U02L20110606
Just wanted to know if this information is available anywhere to the general public or only to brokers.
The charts... they are the best answer IMHO

brokers do have access to the information you speak of as far as their own clients DUH... but they don't know what other broker clients are doing for the most part.

many wish there was a written in stone paper trail up to the minute feed on where the buy orders are going to be placed before they are.. how easy would it be then

remember its a non-centralized market..
  • #3
  • Jun 7, 2011 12:10pm Jun 7, 2011 12:10pm
In a true ECN you can see all the open (limit) orders. You can even see when they are modified.

For example on the Hotspot ECN (one of the largest in the world). Unfortunately you need to be an institution to get access to this ECN (ie: private persons are not allowed) and the minimum account size is $5 mil.

Here's what the data stream looks like:
PHP Code
18:01:52.627,10895,N,1,1.48598,2000000
18:01:52.627,10896,N,1,1.48568,2000000
18:01:52.628,10688,C,,,
18:01:52.628,10689,C,,,
18:01:52.628,10690,C,,,
18:01:52.628,10691,C,,,
18:01:52.629,10897,N,2,1.48712,1000000
18:01:52.630,10898,N,2,1.48722,2000000
18:01:52.630,10899,N,2,1.48742,2000000
18:01:52.630,10900,N,2,1.48772,2000000
18:01:52.630,10869,M,,,50000
18:01:52.630,10869,C,,,
18:01:52.630,10860,C,,,
N is a new order, C is a canceled order (the order ID is the previous number), M is the modification of an existing order.

Note that they do not tell you what is the current bid/ask. You have to compute it yourself from the stream of data. But this is exactly what HFT is all about - you don't want to depend on the possibly slow order-book implementation of your broker - you want to compute it yourself faster than anyone else.
  • #4
  • Jun 7, 2011 6:28pm Jun 7, 2011 6:28pm
Quoting Adal
Here's what the data stream looks like:
PHP Code
18:01:52.627,10895,N,1,1.48598,2000000
18:01:52.627,10896,N,1,1.48568,2000000
18:01:52.628,10688,C,,,
18:01:52.628,10689,C,,,
18:01:52.628,10690,C,,,
18:01:52.628,10691,C,,,
18:01:52.629,10897,N,2,1.48712,1000000
18:01:52.630,10898,N,2,1.48722,2000000
18:01:52.630,10899,N,2,1.48742,2000000
18:01:52.630,10900,N,2,1.48772,2000000
18:01:52.630,10869,M,,,50000
18:01:52.630,10869,C,,,
18:01:52.630,10860,C,,,
N is a new order, C is a canceled order (the order ID is the previous number),...
hmm interesting, ok so it's streaming data, as the orders get placed. My account size falls below the $5 million, so I guess I can't get access to it, but I wonder if there is someone on the net that has access to this info and reports it in an easy to read format. This information would be really helpful to determine if the current support or resistance gets broken based on the number of orders at a certain levels. Right now I trade S&R and rely on time of the day to determine the volume to tell me if S&R will get broken, but I'm always looking for other tools.
It's NOT GAMBLING when the odds are in your favor
  • #5
  • Last Post: Jun 8, 2011 5:08am Jun 8, 2011 5:08am
Quoting User Name
hmm interesting, ok so it's streaming data, as the orders get placed. My account size falls below the $5 million, so I guess I can't get access to it, but I wonder if there is someone on the net that has access to this info and reports it in an easy to read format. This information would be really helpful to determine if the current support or resistance gets broken based on the number of orders at a certain levels. Right now I trade S&R and rely on time of the day to determine the volume to tell me if S&R will get broken, but I'm always looking...
You can only see the "in the open" orders of people trading on this market.

Professionals keep the orders on their computers until they are ready to submit them to the market. So if they have the stops at 1.50, you won't see them until the price gets close to that mark. And liquidity is replenished as it gets consumed. If you only see 20 mil 10 pips below the current price, don't assume that more won't appear there as the price goes lower.

In other words, having access to this data won't help you very much. It's extremely useful for HFT algorithms, but not for "human" SR trading.
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