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»Forums Index »Archive (2017 and earlier) »Data and Content Support »FXCM Spot Forex data from Sunday 2:00 PM EST open
Author Topic: FXCM Spot Forex data from Sunday 2:00 PM EST open (4 messages, Page 1 of 1)

-Interested User-
Posts: 9
Joined: Jan 15, 2011

Posted: May 26, 2012 12:57 PM          Msg. 1 of 4

I am a subscriber of FXCM Spot FX data and are very satisfied with the quality of the feed itself. I think IQFeed has probably the best FXCM data available.

There is one very important thing that is missing though, and that is the missing data which comes in after the Sunday 2:00 PM EST open until 5:00 PM EST trading open.

There are two important reasons for this:

The first is that one miss out on important price movement during that time, one are going blind when the 5:00 PM EST trading open happens.

Second, because of the missing data for this time span (which is actual market movement even if one might not think of it as such) the charts become compressed. This makes accurate setting of trend lines and channels difficult and at times impossible. I have checked out with a broker that offers this data, and sometimes this makes a huge difference. Unfortunately the data with this broker is not as good on other areas.

When I do analysis I need quality data which is both complete and consistent in delivery. IQFeed is delivering very well, but FXCM could do better. I do not care what reasons FXCM have for hiding this data. Hiding important information does not seem like a good policy. I want and need complete quality data for my analysis.

Hopefully those of you who are also subscribing for FXCM data will support me in this matter by giving your comments/votes in this thread.

As an alternative to FXCM I have made a request/wish for ICAP EBS Spot Forex here: http://forums.iqfeed.net/index.cfm?page=topic&topicID=3397

Thank you,
Edited by Laurentius on May 27, 2012 at 04:08 AM

-DTN Guru-
Posts: 287
Joined: Oct 6, 2011

Posted: May 29, 2012 08:30 AM          Msg. 2 of 4
Hello Laurentius,

I understand that you would like to see the FXCM data earlier, but at this time, we are limited by our agreement with FXCM. FXCM has advised us that data prior to 17:00 on Sunday is part of the Sunday startup process and should not be displayed.

-Interested User-
Posts: 9
Joined: Jan 15, 2011

Posted: May 29, 2012 08:46 AM          Msg. 3 of 4
Thank you very much for your reply Todd.

I understand that this is not on the IQFeed side, but because of the importance detailed out in my initial post above I am hoping that this thread will show that there is a desire for this data.

Best regards,

-Interested User-
Posts: 9
Joined: Jan 15, 2011

Posted: May 31, 2012 07:50 AM          Msg. 4 of 4
I have been thinking some more about what you wrote Todd, more specifically "... data prior to 17:00 on Sunday is part of the Sunday startup process and should not be displayed". That FXCM formulating it as a "part of the Sunday startup process" can be very misleading.

The fact is that weekend data is actual market movement which is a part of both prior and later market movement in the Spot FX market, and should be of concern for both Spot FX and Currency Futures traders. In my initial post I mentioned from 2pm EST, but actually there are ticks coming in on Saturdays also. So to be complete the data should be able to come in all weekend. With Oanda it is so. This is about being willing to provide market transparency, and since FXCM is a retail broker they should be willing to do what is best for their clients, right?

To illustrate what I am talking about I am attaching a chart with the Euro on Oanda's MetaTrader 4 platform which shows a trend line setup I did on the 18th of May. With regular "non-weekend" charts I am not able to get these results.

I am hoping that people who are reading this thread, and that are affected, would show their support by both sending an e-mail request to help(at)fxcm.com and post in this thread.

Edited by Laurentius on May 31, 2012 at 07:54 AM

File Attached: Trendlines EURUSD_with weekend data.png (downloaded 1650 times)


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