The data provider: a key for success

[pstrusi]

Hi Ninjas,

There's something very important when it comes to develop a trading system, through long lasting backtests, changing formulas...etc The data!!

I've bought a historical forex data from http://disktrading.is99.com/disktrading/ which it seems very large and complete. Doing a little and simple contrast, I see that for example one 24 hrs forex data for interactivebrokers could be made of 370.000 trades from 13 contributors, instead historical Disktrading easily arrives to 650.000. Obviously backtests give sensible different results.

I'm assessing Kinetick forex data, and I'd like to know how comprehensive is this data? I understand comes from FXCM, very fast, reliable, unfiltered...but complete enough? in your opinion is it at least larger than Interactivebrokers?

Thanks

[NinjaTrader_Lance]

This is going to always be an issue with backtesting. Different historical data providers will almost always have different data. Sometimes the differences are minor and other times they can be more noticeable.

In this specific case I have no way of telling you which data set is more accurate as you would need to contact the vendor directly.

In terms of Kinetick vs IB we do have many clients who choose to use the Kinetick feed (for data) in conjunction with IB (as the broker) since IB puts data restrictions in place that Kinetick does not.

Kinetick has been designed to be the optimal market data feed for the NinjaTrader 7 platform and is Free for End of Day data for stocks, futures and Forex.
Streaming real-time quote service start as low as $50/month and you can even have your CME exchange fees waived with a qualified brokerage account. Please see the Kinetick website for more information: http://www.kinetick.com/
You'll also enjoy all these benefits with any Basic Service subscription:

* Fast, unfiltered data
* Live data for 500 Market Metrics Indices are automatically included. Full list at: http://www.kinetick.com/market-metrics
* Eliminated exchange fees for qualified accounts: http://www.kinetick.com/CME
* Free Globex upgrades for qualified accounts
* Free delayed and historical data for other exchanges not subscribed to
* Free news from RTT News, PR Newswire, and Business Wire

Let me know if I can be of further assistance.

[pstrusi]

Hi Lance, thanks for the answer.

Yep Kinetick is better. Now a technical question:

is it possible to configure Kinetick and NinjaTrader in order to receive just Bid, Ask, and MidPrice instead of LastPrice ? MidPrice are always in the edge over LastPrice. I talk with Bertrand about this issue regarding Interactivebrokers and this is not possible, but maybe from kinetick.

Thanks

[NinjaTrader_Lance]

Hello,

This is not possible with any data provider on the SuperDOM. However a custom indicator would be able to plot this value on the chart.

I have submitted the request it to development and they have assigned it ID #2229