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  1. #1
    Specialist Member marc's Avatar

    Which Datafeed for MT4? !!!

    A question to all of you:

    From where do you get your real-time charts? ... I am still logged in on a demo-server from my old broker (who was a FX + BO broker), but it seems that the connection is lagging heavily lately (and I am almost sure that the demo-servers get lower priority anyway)

    So, is it possibly to open an 'classic' account at some large broker – maybe like OANDA – without using (FX trading on) that account ... or will I get kicked out?

  2. #2
    Master Member SeasaltMcFish's Avatar
    Many FX brokers only supply a temporary demo account. I have three demo accounts at my broker, but first needed to deposit. That's no problem, since I like trading forex and the broker seems trustworthy and gives deposit protection (You can't lose more than the deposit).

    I don't know if it's allowed here to name FX brokers, so I won't.

  3. #3
    Administrator Martin Kay's Avatar
    Quote Originally Posted by marc View Post
    A question to all of you:

    From where do you get your real-time charts? ... I am still logged in on a demo-server from my old broker (who was a FX + BO broker), but it seems that the connection is lagging heavily lately (and I am almost sure that the demo-servers get lower priority anyway)

    So, is it possibly to open an 'classic' account at some large broker – maybe like OANDA – without using (FX trading on) that account ... or will I get kicked out?
    Marc, the fact that it's a demo account is not an excuse for slow platform. If the platform can't handle the traffic- it won't handle it even if it was a real account. Wouldn't put my hopes in it.


    @seasaltmcfish- you can either share or send Marc the names in private, I promise not to peek(:

  4. #4
    Specialist Member marc's Avatar
    Quote Originally Posted by Martin Kay View Post
    Marc, the fact that it's a demo account is not an excuse for slow platform. If the platform can't handle the traffic- it won't handle it even if it was a real account. Wouldn't put my hopes in it.
    it's a demo account at an fx-broker who got out of BO-business ... and somehow they seem not to care that my demo-acct should be cancelled since 3 months or so ... it was just handy for further use ...

    @mcfish and @others: please just post what you use ... or just pm me

    thanks

  5. #5
    Master Member Bogdan G's Avatar
    Quote Originally Posted by Martin Kay View Post
    Marc, the fact that it's a demo account is not an excuse for slow platform. If the platform can't handle the traffic- it won't handle it even if it was a real account. Wouldn't put my hopes in it.
    I totally agree with Martin on this one. There's no room for error when money is involved. No excuses. I am sure any broker will take my money if I place a bad trade by mistake. They dont except any excuses coming from me. If I go whining: "Oh, please give me back my money on that last trade because I opened it by accident", any broker will laugh in my face. So they dont accept mistakes coming from us and we shouldnt accept mistakes made by them. Slow platform? Ok, I want my money back.
    I know this doesnt answer your question and I dont have a clear solution. Anyway, I believe the best option is to go for a demo MT4 broker who offers the closest quote to your binary broker. That way, your analysis will be more accurate.

  6. #6
    Specialist Member marc's Avatar
    Bogdan, of course you and Martin are right ...

    I try to explain it better:

    First there IS just some lag sometimes ... not sure why, but anyway ... and sometimes It just 'feels' like a lag, but instead the movements in the markets are simply too small, that my MT displays them ...

    My data-feed doesn't display the small moves in the market as I just have 4 digits behind the comma ... and all the BO-platforms work with 5 digits ... so, there is no difference in the display in MT between 1.35601 and 1.35609 ... but of course it does matter when trading BO ...

    And when these small movements occur MT just goes idle, as long as there is no change in price ... and ofc, depending on market volatility that can last a few minutes ...

    Maybe it's just my trading-style, as I sometimes try to catch very small movements in the market 'just in the second' for short term trades ... and ofc I lost some of these (admittedly somewhat risky) trades, just because I had a completely wrong picture of the market situation

    And as I have simply no comparison:

    - are the 4-digits a MT-thingy? ... maybe a wrong setting?
    - a problem of the data-feed of my broker?
    - just the way things are?

    Any idea anyone?

  7. #7
    Master Member SeasaltMcFish's Avatar
    As far as I know, the BO broker rounds up the last digit. At least mine does. In that case it wouldn't matter.

    Send you a message
    Last edited by SeasaltMcFish; 10-01-2013 at 09:46 AM.

  8. #8
    Master Member Bogdan G's Avatar
    Quote Originally Posted by marc View Post
    Bogdan, of course you and Martin are right ...

    I try to explain it better:

    First there IS just some lag sometimes ... not sure why, but anyway ... and sometimes It just 'feels' like a lag, but instead the movements in the markets are simply too small, that my MT displays them ...

    My data-feed doesn't display the small moves in the market as I just have 4 digits behind the comma ... and all the BO-platforms work with 5 digits ... so, there is no difference in the display in MT between 1.35601 and 1.35609 ... but of course it does matter when trading BO ...

    And when these small movements occur MT just goes idle, as long as there is no change in price ... and ofc, depending on market volatility that can last a few minutes ...

    Maybe it's just my trading-style, as I sometimes try to catch very small movements in the market 'just in the second' for short term trades ... and ofc I lost some of these (admittedly somewhat risky) trades, just because I had a completely wrong picture of the market situation

    And as I have simply no comparison:

    - are the 4-digits a MT-thingy? ... maybe a wrong setting?
    - a problem of the data-feed of my broker?
    - just the way things are?

    Any idea anyone?
    Ok, I get you about the 4 digit thinghy. Here's some info: a few years back (not many), all FX brokers had just 4 digits and one pip was... one pip. Then 5 digits begun to appear on more and more brokers and one pip became 10 pips. Actually those are pipettes and 10 pipettes make one pip. It created some confusion but actually nothing changed except the accuracy which was improved.

    These days I rarely see an FX broker with 4 digits and maybe it's time for you to get an account with a 5 digit broker, especially if you are trading short time frames where accuracy is very important. Anyway, the 4 digit stuff is not a wrong setting made by you and i cant really call it a problem with the data feed. I guess, it's just the way things are ... but u can change them

  9. #9
    Specialist Member marc's Avatar
    *relief-sigh*

    Many thanks Bogdan for the explanation! ... Ok, I will get a new FX-broker ...

  10. #10
    Master Member Bogdan G's Avatar
    Quote Originally Posted by marc View Post
    *relief-sigh*

    Many thanks Bogdan for the explanation! ... Ok, I will get a new FX-broker ...
    You're welcome

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