MCFX data  [SOLVED]

Questions about MultiCharts and user contributed studies.
dario
Posts: 31
Joined: 01 Dec 2015
Has thanked: 7 times
Been thanked: 1 time

MCFX data

Postby dario » 16 Dec 2015

Why there is so big difference among data in MCFX (FXCM) , DailyFx.com (FXCM) and JfOrex (DukasCopy)....

I have compared 3 DataSource :

EUR/USD DAILY BID PRICE

12/10/2015
OPEN PRICE MCFX (FXCM) : 1.13720
OPEN PRICE DAILY FX (FXCM): 1.13604
OPEN PRICE JFOREX (DUKASCOPY): 1.13603

12 PIPS BETWEEN MCFX AND DAILY FX .....with same datasource FXCM

CLOSE PRICE MCFX (FXCM) : 1.13576
CLOSE PRICE DAILY FX (FXCM): 1.13574
CLOSE PRICE JFOREX (DUKASCOPY): 1.13581

13/10/2015
OPEN PRICE MCFX (FXCM) : 1.13576
OPEN PRICE DAILY FX (FXCM): 1.13574
OPEN PRICE JFOREX (DUKASCOPY): 1.13579

CLOSE PRICE MCFX (FXCM) : 1.13811
CLOSE PRICE DAILY FX (FXCM): 1.13785
CLOSE PRICE JFOREX (DUKASCOPY): 1.13783

14/10/2015
OPEN PRICE MCFX (FXCM) : 1.13814
OPEN PRICE DAILY FX (FXCM): 1.13785
OPEN PRICE JFOREX (DUKASCOPY): 1.13781

CLOSE PRICE MCFX (FXCM) : 1.14825
CLOSE PRICE DAILY FX (FXCM): 1.14736
CLOSE PRICE JFOREX (DUKASCOPY): 1.14740

9 PIPS BETWEEN MCFX AND DAILY FX .....with same datasource FXCM

AND so on....

DailyFX.com (FXCM) and JForex (DukasCopy) have very similar data .....while MCFX (FXCM) is very different

I don't understand why...

Can you check these data please?

Bye

dario
Posts: 31
Joined: 01 Dec 2015
Has thanked: 7 times
Been thanked: 1 time

Re: MCFX data

Postby dario » 16 Dec 2015

I have just contacted IQFeed and these are the data:

2015-10-12 OPEN: 1.13594 CLOSE: 1.13574
2015-10-13 OPEN: 1.13576 CLOSE: 1.13785
2015-10-14 OPEN: 1.13786 CLOSE: 1.14736

Another Confirmation of my suspects

User avatar
TJ
Posts: 7740
Joined: 29 Aug 2006
Location: Global Citizen
Has thanked: 1033 times
Been thanked: 2221 times

Re: MCFX data

Postby TJ » 16 Dec 2015

I have just contacted IQFeed and these are the data:

2015-10-12 OPEN: 1.13594 CLOSE: 1.13574
2015-10-13 OPEN: 1.13576 CLOSE: 1.13785
2015-10-14 OPEN: 1.13786 CLOSE: 1.14736

Another Confirmation of my suspects
How long have you been trading Forex?

dario
Posts: 31
Joined: 01 Dec 2015
Has thanked: 7 times
Been thanked: 1 time

Re: MCFX data

Postby dario » 16 Dec 2015

I have been studying MC for 2 weeks...but I have been studying Forex on MT and JForex for years...Why??

User avatar
TJ
Posts: 7740
Joined: 29 Aug 2006
Location: Global Citizen
Has thanked: 1033 times
Been thanked: 2221 times

Re: MCFX data

Postby TJ » 16 Dec 2015

I have been studying MC for 2 weeks...but I have been studying Forex on MT and JForex for years...Why??
My observation is,
no two forex quotes are ever consistently the same.
This has nothing to do with MultiCharts. It is just the nature of the open market forex trade.

dario
Posts: 31
Joined: 01 Dec 2015
Has thanked: 7 times
Been thanked: 1 time

Re: MCFX data

Postby dario » 16 Dec 2015

I know this....but 1-2-3 pips of difference is ok ....but 12pips ...are too much...
Furthermore:

1) DailyFx.com has online charts of FXCM.......MCFX is FXCM .....the difference in quotes is not
justified

2) IQFEED...DUKASCOPY...FXCM (on DailyFx) are 3 different datasource but the price are consistent...variations of 1-2-3 pips is ok.....only quotes on MCFX are so differents.

3) I have reported only 3 days...but there are many daily quotes completely differents (more than 12 pips).

There is a big problem of data reliability...

Have you ever noticed that inconsistency??

dario
Posts: 31
Joined: 01 Dec 2015
Has thanked: 7 times
Been thanked: 1 time

Re: MCFX data

Postby dario » 16 Dec 2015

I don't know...maybe there is a particular configuration to set...

Has anyone some idea??
Has anyone used MCFX data??

User avatar
Henry MultiСharts
Posts: 9165
Joined: 25 Aug 2011
Has thanked: 1264 times
Been thanked: 2957 times

Re: MCFX data

Postby Henry MultiСharts » 16 Dec 2015

Hello dario,

In most cases data is different from vendor to vendor. "MultiCharts Forex Data" is retail spread FXCM data stored on our servers. We do not have any information regarding the FXCM data streamed by the other vendors/available in the other applications and we can not guarantee that it will be the same as "MultiCharts Forex Data".

dario
Posts: 31
Joined: 01 Dec 2015
Has thanked: 7 times
Been thanked: 1 time

Re: MCFX data

Postby dario » 16 Dec 2015

Tj ...I'm only underlying a problem that I have noticed and that I would like to solve in order to use MCFX datasource in Multicharts in quitely and in total confidence....I have interest in solving the problem.

So if you want to help me...I'm happy to read and try your solution...

Have you complained to DailyFX and told them that their quotes are no good?
I write on top ...
2) IQFEED...DUKASCOPY...FXCM (on DailyFx) are 3 different datasource but the price are consistent...variations of 1-2-3 pips is ok.....only quotes on MCFX are so differents.

dario
Posts: 31
Joined: 01 Dec 2015
Has thanked: 7 times
Been thanked: 1 time

Re: MCFX data

Postby dario » 16 Dec 2015

Hi Henry MultiСharts thanks for the answer...
I thought that maybe it could be a problem of settings...sessions...of the instruments,
what do you think about?
When I set MCFX datasource I don't set any change in the instruments, I gave the default settings for good...maybe I do something wrong.

Bye

dario
Posts: 31
Joined: 01 Dec 2015
Has thanked: 7 times
Been thanked: 1 time

Re: MCFX data  [SOLVED]

Postby dario » 19 Dec 2015

I changed Time Zone in Exchange & ECN configuration to (INDIANA EST)
and checked "build from minutes"....
now the daily prices seems to be more similiar to other datasources

Zheka
Posts: 223
Joined: 13 Jan 2016
Has thanked: 8 times
Been thanked: 53 times

Re: MCFX data

Postby Zheka » 13 Jan 2016

Hello dario,

In most cases data is different from vendor to vendor. "MultiCharts Forex Data" is retail spread FXCM data stored on our servers. We do not have any information regarding the FXCM data streamed by the other vendors/available in the other applications and we can not guarantee that it will be the same as "MultiCharts Forex Data".
I have checked in again on MCFX data again a couple of days ago and was pleasantly surprised to see that it now is a (almost) non-marked-up spread data (=what you can see on their site).

However, the speed of updating/ quantity of "ticks" is very, very small. Probably, the same, as on their web site. Uncomparable at all to their "retail spread" data still streamed in full.

What's the intended use of MCFX data? Historical data for backtesting only?

aerotrader
Posts: 9
Joined: 12 Apr 2015
Been thanked: 2 times

Re: MCFX data

Postby aerotrader » 01 Feb 2016

Why there is so big difference among data in MCFX (FXCM) , DailyFx.com (FXCM) and JfOrex (DukasCopy)....

I don't understand why...

Can you check these data please?

Bye
Unlike stocks, options, and futures there is no central regulated forex exchange that has one universal price for all. In some countries forex trading is totally unregulated.

Your question as to why different brokers have different prices is like asking why physical money changer shops around your town would have a variation in rates they display, they do it because they can, that is how they make money.

Forex brokers are also notorious for manipulating spreads on selected traders (they have bot that data mine your trading style) as they have the ability to target specific traders by manipulating spreads to generate more money for them.

This is unlike regulated exchanges where the identity of the trader is anonymous. If you want consistent prices without spread manipulation by your broker on a central regulated exchange, trade currency futures instead of forex pairs.


Return to “MultiCharts”