I'm very new to MC and have read quite a lot these days in this discussion forum especially about ECN forex brokers and MC.
My question: Is there a solution or workaround for setting up the realtime data feed and the automatic order execution for a trading system with MBTrading and MC? If yes, how can this be implemented? Is there an instruction, codes etc.?
Any help is very much appreciated, thank you.
fibonaccci
MBTrading + MC
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FOREX via MBTrading or FXCM in MultiCharts
I agree with fibonaccci. I would like to use Zen-Fire/Mirus, MBTrading, or FXCM with my lifetime licensed MultiCharts.
How can this be done?
Best regards,
Tom Keough
How can this be done?
Best regards,
Tom Keough
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I do not understand why so many traders do not care about getting fooled systematically by their non-direct dealing or non-ecn broker. The great advantage with ecn brokers like MBT, Alpari or Ducaskopy is the market structure, there is no maket maker between the trader and the forex marketplace, that is so critical!
These ecn datafeeds will also solve the requote problems because there are no requotes, that is what I assume.
MC should have a high interest in attracting smart traders who definitely won’t trade with non-ecn forex brokers.
I also sent an email to MBTrading, I’d like a decision very soon otherwise I have to move on, I already wasted too much time.
MC support also stated in the discussion forum that there is not a sufficient number of customers requesting a MBT connection, but: How many customers have requested a solution for MBT? How many interested customers are needed to implement MBT?
Would it be a solution to hire the Custom Software Development (https://www.multicharts.com/services/development) and share the costs?
@Tresor
As far as I know there are no customizable intraday timeframes with MT, this must be a bad joke or a mickey mouse software!
Best regards,
fibonaccci
These ecn datafeeds will also solve the requote problems because there are no requotes, that is what I assume.
MC should have a high interest in attracting smart traders who definitely won’t trade with non-ecn forex brokers.
I also sent an email to MBTrading, I’d like a decision very soon otherwise I have to move on, I already wasted too much time.
MC support also stated in the discussion forum that there is not a sufficient number of customers requesting a MBT connection, but: How many customers have requested a solution for MBT? How many interested customers are needed to implement MBT?
Would it be a solution to hire the Custom Software Development (https://www.multicharts.com/services/development) and share the costs?
@Tresor
As far as I know there are no customizable intraday timeframes with MT, this must be a bad joke or a mickey mouse software!
Best regards,
fibonaccci
As far as Dukascopy goes, this broker has two different data feeds. I compared their JForex with their MT4. The correspondent bars have different shapes and different volume.The great advantage with ecn brokers like MBT, Alpari or Ducaskopy is the market structure, there is no maket maker between the trader and the forex marketplace, that is so critical!
I would suggest considering the following brokers for MC: Alpari, Dukaskopy, FXDD, GFT and MTB.
It would be nice to hear from TSS their opinion regarding MC and forex.
I tested several forex applictions in the past. None comes even close to MC's excellence with regard to charting.
Well I have exactly the same challenge/frustration as you guys: finding a good FX broker with a reliable live (ECN) data feed to MC. However, as I do mechanical trading that narrows the field down to only 6 according to the MC Automated Trade Execution document (IB, FXCM, Patsystems, Rithmic, Trading Technologies and Zen-fire). Zen-fire has a great Futures feed but doesn't do FX, so that leaves only 5 (and Tresor that does not include a single 1 from your list).
I am leaning towards IB, but am also very keen to hear your views and especially from TSS about reliable FX feeds into MC (and any future plans in this regard). Anyone with experience using MC and IB for FX?
cheers... zc
I am leaning towards IB, but am also very keen to hear your views and especially from TSS about reliable FX feeds into MC (and any future plans in this regard). Anyone with experience using MC and IB for FX?
cheers... zc
- Bruce DeVault
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See also forum.tssupport.com/viewtopic.php?t=7059 for a thread on forex brokers for MultiCharts, and a solicitation for feedback on experiences with different forex brokers on the MultiCharts platform.
I too have experience using MB Trading on other platforms and have some knowledge of their API (generally positive).
I too have experience using MB Trading on other platforms and have some knowledge of their API (generally positive).
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Bruce,
that's great that you have experience in using MBTrading API,
but what can we expect from you?
Are you going to provide a connection? when? How much etc..?
I'd be interested in TS2000i, MC, TS8.x.
BTW, IB is definitely no ECN although spreads are ok. There "might" be problems with no-execution (even market/stop orders) in volatile markets which means disappearing signals, although IB claims that their forex feed is not being requoted.
that's great that you have experience in using MBTrading API,
but what can we expect from you?
Are you going to provide a connection? when? How much etc..?
I'd be interested in TS2000i, MC, TS8.x.
BTW, IB is definitely no ECN although spreads are ok. There "might" be problems with no-execution (even market/stop orders) in volatile markets which means disappearing signals, although IB claims that their forex feed is not being requoted.
My preference would be dbFX but this broker does not offer volume in their data feed.Zen-fire has a great Futures feed but doesn't do FX, so that leaves only 5 (and Tresor that does not include a single 1 from your list).
If there would be no other way to have forex data displayed in MC than to go to IB, then I would reluctantly transfer to this broker, although I truly dislike their platform. Demo tried it for one day and trashed afterwards with a promise to never get back to itI am leaning towards IB, but am also very keen to hear your views and especially from TSS about reliable FX feeds into MC (and any future plans in this regard). Anyone with experience using MC and IB for FX?
cheers... zc
Guys, where can I find the currency pairs tradable via IB? Tried to find this info on their website but failed.
Regards
- Bruce DeVault
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Fibonacci, my specialization is in quantitative trading systems, optimization, performance metrics, etc. - I was simply describing my experience of working with them on other platforms and in other projects. You should discuss future MultiCharts developments directly with TS Support.
Last edited by Bruce DeVault on 24 Jan 2010, edited 1 time in total.
- Bruce DeVault
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Thanks Bruce. Found it. Do you perhaps know if IB provides volume in their forex data feed?Tresor, to find the currency pairs tradable at IB, go to interactivebrokers.com, then click on Trading -> Product Listings -> Forex tab -> IDEAL or IDEAL PRO depending on what type of service you are interested in.
You know, some forex brokers provide volume that is routed via them (Alpari, FXDD) and some do not provide this information in their data feed (dbFX, GFT).
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- Bruce DeVault
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Andrew, could you comment please on any file size limitations that might be experienced with downloading 8 years of tick data into MultiCharts from FXCM? In other venues, MultiCharts support has commented that there are inherent issues with either mapping or importing more than a few gigabytes - are these FXCM tick feeds smaller in terms of number of ticks such that this isn't an issue, or is this limitation simply a misunderstanding or miscommunication?FXCM data feed with 8 years of tick data is available for MC. You can route market, limit and stop orders to FXCM. However you have to pay extra for data feed.
- Bruce DeVault
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I have discussed this with my contacts at MB Trading, and they indicated they want to work with TS Support on this and the appropriate people will be contacting MultiCharts directly. I've just sent off an email and cc'd my TS Support contact as well as the relevant parties at MB Trading to help set up the necessary communications. Just let me know if there's anything else I can do to help.We were thinking to add MB Trading and sent them e-mails but they don't reply. Please promote MC to MB Trading decision making people!