• If this is your first visit, you will have to register before you can post. To view messages, please scroll below and select the forum that you would like to visits. Questions? Be sure to check out the Forum FAQ.

Announcement

Collapse
No announcement yet.

Partner 728x90

Collapse

Interactive Brokers and Renko Charts for Futures

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

    Interactive Brokers and Renko Charts for Futures

    I am curious if anyone has any experience trying to use Renko charts with interactive brokers. It seems the no tick data could be a slight issue, but I want to know if anyone has had any real problems trying to use it? I only use renko, actually a hybrid renko, and before I go back to IB, I really want to make sure my strategy won't be significantly different.

    I switched from IB originally because I was using IB data for renko charts on forex. I wanted full pip data, which IB doesn't do so the bars were causing reversals too soon and such because of the half pips IB sends. Now I solely trade futures and that won't be an issue any longer.

    Thank you in advance for any input.

    #2
    Hello,

    Since IB does not offer historical tick data, you would have to rely on the real-time data processing to build the renko bars. However, they filter their data (snap shots), so the tick data you receive would not be as robust as you would get from another provider such as Kinetick.

    You might want to consider using a provider such as Kinetick to supplement your tick data.
    MatthewNinjaTrader Product Management

    Comment


      #3
      I'm running live strategies on E-mini with Renko charts using IB data for a few years now, and have had no problems at all.

      In my opinion the unfiltered-data some dataproviders are marketing do not bring any advantages. As a "non-professional" you won't be able to react on sub-second price movements anyway. Don't even bother because you'll get burned...;

      Also remember that unfiltered data means more chances on "bad ticks".
      I am fully happy to leave this filtering to IB, they obviously have some sort of filtering because I haven't seen a single bad tick at all from the IB data.

      Marco

      Comment

      Latest Posts

      Collapse

      Topics Statistics Last Post
      Started by dtl-saw, Today, 03:36 PM
      1 response
      5 views
      0 likes
      Last Post NinjaTrader_ChrisL  
      Started by williamzz, Today, 02:04 PM
      1 response
      10 views
      0 likes
      Last Post NinjaTrader_ChrisL  
      Started by jtrading82, Today, 01:55 PM
      3 responses
      24 views
      0 likes
      Last Post NinjaTrader_Tyler  
      Started by StevenNelson, Today, 01:00 PM
      4 responses
      19 views
      0 likes
      Last Post StevenNelson  
      Started by allinthechart, Today, 12:21 PM
      0 responses
      8 views
      0 likes
      Last Post allinthechart  
      Working...
      X