Support Board
Date/Time: Sat, 11 Jan 2025 01:48:25 +0000
Post From: Forex bid/ask spread seem too wide.
| [2016-10-18 17:05:14] |
| Sporken - Posts: 82 |
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Hi, I hope you can help me. I think the bid/ask prices shown on currencies (forex) are wider than I can expect from my trading service. (Interactive Brokers) This chart image shows that the bid/ask price markers are around £0.0001 above/below the last price. the spread appears to be £0.0002 (0.02 pence) http://www.dowce.com/~FWp The next image shows the typical EUR.GBP bid and ask prices on Interactive Brokers. The spread at the moment is £0.00002. (0.002 pence, ten times better) http://www.dowce.com/~FWo This image shows my Global Symbol Settings for EUR.GBP. http://www.dowce.com/~FWA The settings originally showed the "tick size" and "currency value per tick" as 0.00005. This is wrong so I changed them both to 0.00001. Unfortunately this did not change the spreads I have been a running spreadsheet trading backtests and it looks like the fill prices in the back tests are 'wrong' as well. Is there a way to 'fix' these to a smaller spread to match what I typically see on IB? Or to get/record the real spreads from Interactive Brokers somehow? Here is a chart image showing 3 trade entry markers http://www.dowce.com/~FWP As you can see, the entry prices are not as good as I can expect from Interactive Brokers. Thanks for your help (as always :) -Jason |