re volume new feature - got a question please.
Jan 15, 2013 at 08:05
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4 Replies
Jan 15, 2013 at 08:05
Yowsa this is great.
https://www.myfxbook.com/forex-broker-volume
https://www.myfxbook.com/forex-broker-volume/fxopen-ecn-EURUSD-volume/272,1
https://www.myfxbook.com/forex-broker-volume/fxopen-ecn/272
Truly great, and results truly surprising too at times.
But forgive me, i want to ask.
Is it accurate? What is it saying?
I think from memory that volume in MT4 was more re: ........... err not sure ...... maybe not 'lots traded per tick' but more - maybe just showing activity and not lots within the activity. ????
So is this volume being sourced from MT4 or are brokers providing data other than via MT4 client?
I see that same rules apply to each broker, but if a broker is using feeds via Currenex, LMAX and Integral - could it be that the volume is showing this part of the world rather than lots on this specific broker ?????
Also maybe the data provider for e.g. Integral may be in an agreement with a broker to provide a certain level of local liquidity.
So again the 60 trades maybe more a view of this 'portal' of activity. And there maybe slight duplication in counts.
As a guess this is MT4 volume data - thus is showing activity and not lots. So you do not know if that trade was 1 lot or 20 lots.
Then again maybe the software has been updated over time.
Anyway i'm not sure it matters and anything I say will make a difference, but I was curious to ask the above.
One scanrio for instance - if i wanted to trade GBPJPY and were not on a TOP broker but on a broker that showed 1/2 that - is it safe to assume that 'uptake or downstream liquidity level' may be such that a, for e.g. a 50 lot trade could be filled just as well.
https://www.myfxbook.com/forex-broker-volume
https://www.myfxbook.com/forex-broker-volume/fxopen-ecn-EURUSD-volume/272,1
https://www.myfxbook.com/forex-broker-volume/fxopen-ecn/272
Truly great, and results truly surprising too at times.
But forgive me, i want to ask.
Is it accurate? What is it saying?
I think from memory that volume in MT4 was more re: ........... err not sure ...... maybe not 'lots traded per tick' but more - maybe just showing activity and not lots within the activity. ????
So is this volume being sourced from MT4 or are brokers providing data other than via MT4 client?
I see that same rules apply to each broker, but if a broker is using feeds via Currenex, LMAX and Integral - could it be that the volume is showing this part of the world rather than lots on this specific broker ?????
Also maybe the data provider for e.g. Integral may be in an agreement with a broker to provide a certain level of local liquidity.
So again the 60 trades maybe more a view of this 'portal' of activity. And there maybe slight duplication in counts.
As a guess this is MT4 volume data - thus is showing activity and not lots. So you do not know if that trade was 1 lot or 20 lots.
Then again maybe the software has been updated over time.
Anyway i'm not sure it matters and anything I say will make a difference, but I was curious to ask the above.
One scanrio for instance - if i wanted to trade GBPJPY and were not on a TOP broker but on a broker that showed 1/2 that - is it safe to assume that 'uptake or downstream liquidity level' may be such that a, for e.g. a 50 lot trade could be filled just as well.
forex_trader_43716
Member Since Aug 06, 2011
345 posts
Jan 21, 2013 at 21:56
MT4 volume is not a good guide at all, as highlighted in your post netkoala. A better source of volume information is the COT report published each Friday.
forex_trader_101400
Member Since Dec 01, 2012
65 posts
Jan 21, 2013 at 23:36
There's a lot more information that can be gleamed from this besides liquidity. FXSalt seems to do most of the volume. So they can claim that they are the biggest retail forex broker around.
I suppose the data comes from real accounts being tracked here in myfxbook. Maybe be not because there's a discrepancy with FxSalts votes in Broker reviews and their volume. You would think the biggest broker would have a lot of votes. Oanda has the most volumes but their volume is small.
Finally, I think Oanda's volume is small because they cater mostly to those who trade 1 unit, of 0.00001 lots.
I suppose the data comes from real accounts being tracked here in myfxbook. Maybe be not because there's a discrepancy with FxSalts votes in Broker reviews and their volume. You would think the biggest broker would have a lot of votes. Oanda has the most volumes but their volume is small.
Finally, I think Oanda's volume is small because they cater mostly to those who trade 1 unit, of 0.00001 lots.
Jan 22, 2013 at 09:53
For all i know a broker may be running breakeven rapid strategy trading at 0.1 lots or 0.01lots (avail to themselves).
Makes it look like large volume.
Still it is a nice feature and if we all think it is accurate then it may end up being accurate.
Makes it look like large volume.
Still it is a nice feature and if we all think it is accurate then it may end up being accurate.
Jan 28, 2013 at 13:09
Hello All guys!!
In my opinion, this has nothing to do with the volume but only the variation of price during each time frame. If you compare the activity of two different brokers on the same time frame and pair, it clearly shows not the volume but the modifications of the price during one unit time. One broker should have a best large data provider with less smooth/even out datas.
You can see that there is no big deviation in regards of the average unless the price is growing/falling quicly (when you have big volumes).
In my opinion, this has nothing to do with the volume but only the variation of price during each time frame. If you compare the activity of two different brokers on the same time frame and pair, it clearly shows not the volume but the modifications of the price during one unit time. One broker should have a best large data provider with less smooth/even out datas.
You can see that there is no big deviation in regards of the average unless the price is growing/falling quicly (when you have big volumes).
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