Ninja with IB displaying bid price instead of last/midpoint (on FX charts)

[SuperSaan]

Hi guys,

Ninja is displaying/receiving the bid price from IB (on FX charts). I would like it to display the last or the midpoint. Is that possible?

Many thanks in advance!

Sandor

[NinjaTrader_Kyle]

Hello,

Thank you for your post.

Which instrument are you testing with?

Please right click in the chart and select 'Data Series' - which 'Price Based on' setting is used?

[SuperSaan]

Hi Kyle,

Thanks for your quick reply.

I'm testing the $NZDUSD.

Very strange, the 'price based on' is set on last.

Any more ideas?

Thanks

Sandor

[NinjaTrader_Jason]

Hello Sandor,

Yes, unfortunately this is as expected. NinjaTrader uses the bid price as last traded price in forex charts. It is not supported to use a last or midpoint price in forex charts.

[SuperSaan]

Hi Jason,

Thanks for your reply.

I hope this can be fixed in NT8, because for me its a disaster. I will have to open a chart from TWS everytime I place a trade to see where the correct entry and stop price is.

Sandor

[NinjaTrader_Jason]

I will forward the suggestion to support such charts to development.

[NinjaTrader_Jason]

The suggestion has been added to the list of possible future enhancements and is assigned to ID# 2229.

[DaveE]

The suggestion has been added to the list of possible future enhancements and is assigned to ID# 2229.

I'm guessing this enhancement (providing a real 'Last' for FOREX) will be for NT8.

In the meantime perhaps the following change would be simpler for the next version of NT7:
Currently if the user selects a FOREX instrument in a chart (or strategy) the default for 'price based on' is 'Last'. But since NT 7 does not supply a real 'Last' for FOREX this option should be removed when a FOREX instrument has been selected, or at least the default should be changed to 'Bid', which seems to be a convention for FOREX charts.
By having a default of 'Last' most people using FOREX will end up with historic data flagged as 'Last' (which sounds as though its unbiased), whereas its really Bid data (which is biased).

[NinjaTrader_ChelseaB]

Hi DaveE,

Thanks for that suggestion. I agree that would be helpful.
I will be submitting a separate feature request in your behalf for this as well.

Thanks for the great tip to improve NinjaTrader 7!

[NinjaTrader_ChelseaB]

Hello DaveE,

Your suggestion has been submitted and accepted for consideration for a future NinjaTrader release by our product development team. We will be tracking this suggestion using ID #2673 in our system.