Support Board
Date/Time: Fri, 10 Jan 2025 22:52:55 +0000
Forex bid/ask spread seem too wide.
View Count: 1108
| [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 |
| [2016-10-18 17:25:47] |
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When posting an image of a chart, only use this method: https://www.sierrachart.com/index.php?page=PostingInformation.php#Image We will not accept any other method and we did not and could not look at any of the images posted. If you need to attach some other image, attach it following these instructions: https://www.sierrachart.com/index.php?page=PostingInformation.php#AttachFile What is the exact symbol of the chart? Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2016-10-18 17:43:58
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| [2016-10-18 17:27:18] |
| Sporken - Posts: 82 |
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Its EUR.GBP on Interactive brokers and EURGBP on Sierra.
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| [2016-10-18 17:45:00] |
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That is not the correct symbol. Refer to: http://www.sierrachart.com/index.php?page=doc/IBSymbols.html#ForexSymbolsForTrading Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
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