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Comparison of SpotTrader and CFG charts

  • #1
  • First Post: Aug 30, 2006 11:20pm Aug 30, 2006 11:20pm
I've opened demo accounts with CFG Trader and Spot Trader to look at the feeds. Yesterday there was a beautiful morning star formation on the GBP/USD 1hr chart, but there's a difference between CFG Trader and Spot Trader.

If you look at the following charts you'll see that SpotTrader has 2 major spikes that go down as far as 8780, but the CFG Trader chart only goes down to 8895, that's a 115 pip difference. Can anyone explain???

[img=http://img206.imageshack.us/img206/4444/gbpusdcfgoy8.th.gif]

[img=http://img172.imageshack.us/img172/436/gbpusdspotwz8.th.gif]
  • #2
  • Aug 31, 2006 12:29am Aug 31, 2006 12:29am
i noticed that also in their demo account, maybe they have a separate feed for the demo or something , I didn't bother myself about it since I use a reliable broker, and I don't need, in any way, their feed.
Trading is a long and a short story.
  • #3
  • Aug 31, 2006 8:15am Aug 31, 2006 8:15am
Quoting spinmypip
i noticed that also in their demo account, maybe they have a separate feed for the demo or something , I didn't bother myself about it since I use a reliable broker, and I don't need, in any way, their feed.
The MetaTrader platforms are notorious for having spiking data like this. It has to do with the server software. You should contact Spot on this. They should be able to tell you what it really was.

One of the reasons FXDD took so long to move to the MetaTrader 4 platform was because of these spikes that they couldn't really figure out why.

Spot should be able to tell you what the real price was...but that 115 pip spike is NOT the real data...it's just MetaTrader giving you cooky data.
  • #4
  • Aug 31, 2006 9:33am Aug 31, 2006 9:33am
I use E-signal and I have always been annoyed at how much "noise" it has on short term charts. However, E-signal has choices of the data sources though, simply by typing in your preference. After evaluating the different broker sources, I found that COESFX data seem the most accurate. I don't know if you have the ability to hook up to their data, but I am happy with it.
Profit is where readiness meets Opportunity
  • #5
  • Last Post: Aug 31, 2006 9:43am Aug 31, 2006 9:43am
Hey Volan,

Attached is a screenshot of the live feed for SpotTrader. I think I mentioned in a number of posts and emails to folks that my experience with the demo has shown a lot of these spikes, but that the live feed has performed perfectly so far. I brought this issue up with them when I first started beta testing the system and I know they've been working on it.

Regards,

stockwet

Quoting volan
I've opened demo accounts with CFG Trader and Spot Trader to look at the feeds. Yesterday there was a beautiful morning star formation on the GBP/USD 1hr chart, but there's a difference between CFG Trader and Spot Trader.

If you look at the following charts you'll see that SpotTrader has 2 major spikes that go down as far as 8780, but the CFG Trader chart only goes down to 8895, that's a 115 pip difference. Can anyone explain???

[img=http://img206.imageshack.us/img206/4444/gbpusdcfgoy8.th.gif]

[img=http://img172.imageshack.us/img172/436/gbpusdspotwz8.th.gif]
Attached Image
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