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sheepsucker

Registered: Jun 2009
Posts: 213

04-26-12 09:06 PM

Picture of a stock on IB's data:
http://img99.imageshack.us/img99/81...12042623025.png

The spikes down dont exist in reality and screws up my strategies.
Is it really necessary to trade on data from eg. esignal and pay for it and still pay for IB's data?

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Fractals 'R Us

Registered: Aug 2008
Posts: 1873

04-26-12 10:58 PM

Quote from sheepsucker:

Picture of a stock on IB's data:
http://img99.imageshack.us/img99/81...12042623025.png

The spikes down dont exist in reality and screws up my strategies.
Is it really necessary to trade on data from eg. esignal and pay for it and still pay for IB's data?

easiest and best thing to do with regard to IB is to use their brokerage services. Using their data, their TWS GUI, etc. is just silly.

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braincell

Registered: Jul 2011
Posts: 551

04-27-12 12:29 PM

Yep, nobody should use IB data. They're not a data provider, it's not their line of work. If you want good data, you have to pay someone else for it. I've only found some ok historical data (when downloading) from IB, but live - it's useless.
Use IB only for execution.

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zgtrader

Registered: Nov 2006
Posts: 304

04-28-12 12:15 AM

IB data is not a real-time data feed, its a snap-shot feed.

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Bob111

Registered: May 2002
Posts: 6474

04-28-12 12:20 AM

Quote from sheepsucker:

Picture of a stock on IB's data:
http://img99.imageshack.us/img99/81...12042623025.png

The spikes down dont exist in reality and screws up my strategies.
Is it really necessary to trade on data from eg. esignal and pay for it and still pay for IB's data?

filter it. very simple. if trade is away from current bid\ask-don't count it,don't display... whatever..i proposed this 'filter' to IB long time ago..
you can do it on your side too.

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djhemlig

Registered: Feb 2012
Posts: 2

06-02-12 03:26 PM

Quote from Fractals 'R Us:

easiest and best thing to do with regard to IB is to use their brokerage services. Using their data, their TWS GUI, etc. is just silly.

I'm learning about IB as I want to start trading some index futures (eurostoxx50, s&p500 and my local omxs30) but I don't understand the post above.

Don't you have to use TWS to enter orders? How is it done if not with TWS?

But thanks for the warning about using the IB data. Any other suggestion of what GUI & data source that might be useful for trading index futures?

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