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Date/Time: Thu, 19 Sep 2024 21:54:01 +0000



Post From: FXCM data feed issues

[2014-02-13 12:06:41]
corbeste - Posts: 74
I have started looking at different FX pairs - normally I trade futures so I am no expert on the FX market. However I am concerned about the reliability of the FXCM data feed provided by Sierra Charts.

I have attached 3 charts of GBPNZD, the first is SC, the second is IB and the third is a FXCM demo account, via their online platform. The IB and FXCM demo charts match well - I did not perform a bar-by-bar analysis but they both suggest the same pattern to me fairly obviously.

The SC chart comes across as a lot more noisier - its much harder for me to detect the underlying pattern. Note the spike in the middle of the chart, and various swing points that do not match well with either FXCM or IB. All charts are 120min, so the OHLC should be approximately equal, but I do not find that to be the case.

I have noticed the same issues when looking at EURAUD, especially with daily charts vs intraday charts. Since the FXM service is free, I am not expecting a high quality data feed, although you should not advertise it as such on your webpage. Yet I cannot find any information about the Ajax service listed in your data providers list which was suggested in the past as of higher quality. IB is effectively useless as a historical data service (as I am sure you are aware) so I cannot use that.

Can you please explain the issues I see in the GBPZND chart? At the very least I would expect it to match the FXCM demo account.


imageFXCM.png / V - Attached On 2014-02-13 12:04:54 UTC - Size: 25.04 KB - 542 views
imageIB.png / V - Attached On 2014-02-13 12:05:01 UTC - Size: 44.07 KB - 478 views
imageSC.png / V - Attached On 2014-02-13 12:05:07 UTC - Size: 15.5 KB - 486 views