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Are these numbers on Myxfbook real?

Aug 24, 2015 at 17:02
1,030 Views
5 Replies
Member Since Aug 23, 2015   1 posts
Aug 24, 2015 at 17:02 (edited Aug 23, 2015 at 17:27)
Are they capturing all the volume traded by one broker? I was looking at IronFX, and if the numbers are real. IronFX is by no means a small broker, am I wrong about this?




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Member Since Jun 13, 2014   101 posts
Aug 24, 2015 at 18:34 (edited Aug 24, 2015 at 18:41)
Nope this chart from myfxbook is very misleading. These charts are just from the ticks recorded of a broker's price feed.You can hook mt4 with a price feed that changes many times over and get a higher 'volume' in this myfxbook volume recorder . In short, those are not real volumes you are looking at. This is more like the mt4 kind of volumes.

Volume of a tick differs from another tick. To understand maybe you could look at depth of market. You can have a look at ctrader DoM.
Never Give Up!
rob559
forex_trader_29148
Member Since Feb 11, 2011   1916 posts
Aug 24, 2015 at 20:53 (edited Aug 24, 2015 at 20:56)
savantfx posted:
Nope this chart from myfxbook is very misleading. These charts are just from the ticks recorded of a broker's price feed.You can hook mt4 with a price feed that changes many times over and get a higher 'volume' in this myfxbook volume recorder . In short, those are not real volumes you are looking at. This is more like the mt4 kind of volumes.

Volume of a tick differs from another tick. To understand maybe you could look at depth of market. You can have a look at ctrader DoM.

thanks for your great expertise
Member Since Jun 13, 2014   101 posts
Aug 26, 2015 at 09:18
rob559 posted:
savantfx posted:
Nope this chart from myfxbook is very misleading. These charts are just from the ticks recorded of a broker's price feed.You can hook mt4 with a price feed that changes many times over and get a higher 'volume' in this myfxbook volume recorder . In short, those are not real volumes you are looking at. This is more like the mt4 kind of volumes.

Volume of a tick differs from another tick. To understand maybe you could look at depth of market. You can have a look at ctrader DoM.

thanks for your great expertise

Glad to help my friend :)
Never Give Up!
Member Since Aug 04, 2015   124 posts
Aug 27, 2015 at 06:50
Good on you Savantfx 😄
To achieve 3-5% portfolio growth a month
Member Since Jun 13, 2014   101 posts
Aug 28, 2015 at 21:07
AliKhan1 posted:
Good on you Savantfx 😄

😄
Never Give Up!
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