Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Hi, do someone of you use forex/futures tick data to backtest strategies in tradestation? which tickcharts do you use?
where do you get your datafeed? can u give me some advice for good quality/price data?
Can you help answer these questions from other members on NexusFi?
FX:
If you want to backtest interbank FX, then it's relatively pointless to use any data that is different from
that of your broker's pool since you won't get other fills anyway. Besides, depending on the pool size,
several millions of ticks per day e.g. for EURUSD will inflate your data pool but not deliver any added value.
A plus for FX is order amount, i.e. you can start with chicken feed.
Currency futures:
The advantage of currency futures is centralized and standardized trading via exchanges. Data suppliers are the
exchanges. CME is most liquid, Eurex a distant second. So any reliable (tick by tick) CME futures data stream will be
adequate for backtesting and trading. The price that you pay for centralization and reliability is standard contract
size which can be a problem for small accounts (micros aside which offer lower liquidity combined with higher
relative commissions).
