stevehopwoodforex.com
https://www.stevehopwoodforex.com/phpBB3/
Print view

DOM/order book detail?
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=3142		 Page 1 of 1
Author:  odysseus11 [ Tue Sep 10, 2013 5:50 pm ]
Post subject:  DOM/order book detail?
Hey, can anyone point me to a good resource (preferably for Empty4) that will display depth of market or order book detail? Also called DOM, Bully Pepperstone gives some limited DOM info, but would like to find some kind of Empty4 indicator or even a stand alone service. Thanks!
Author:  phil_trade [ Tue Sep 10, 2013 5:58 pm ]
Post subject:  Re: DOM/order book detail?
odysseus11 wrote:Hey, can anyone point me to a good resource (preferably for Empty4) that will display depth of market or order book detail? Also called DOM, Bully Bully Pepperstone gives some limited DOM info, but would like to find some kind of Empty4 indicator or even a stand alone service. Thanks!
There is one in cTrader. I hav'nt found one for Empty4 or via an API.

Global Prime has one, but only for institutional customer. May be we have to ask for a paying access with a special price for SFH members. He ho Jeremy... if you read this line :)
Author:  giailang [ Fri Nov 29, 2013 1:03 pm ]
Post subject:  Re: DOM/order book detail?
You can use ForexConnect API of FXCM to get in depth of order quotes. It gives you OHLC in Ask side and Bid side, includes volume of each.

PRO:
+Windows/Mac/Linux/Android supported
+Flexibility with C++/.Net/VB/Java.

CON:
+All TA indicators/utility functions are not built-in.
+Array index may differ from MQL4.
+Event handling scheme is not easy for newbie
+Quotes are from a specific server that client connect to, not reflect the pool as a whole.
Author:  Jeuro [ Fri Nov 29, 2013 5:11 pm ]
Post subject:  Re: DOM/order book detail?
Any attempt to make some sense of DOM or book details in forex is pointless.

First.. regardless from who/where or how getting the info, would never be more then 20% of the total exchange market.

Second,..Even in the event that 100% or DOM was possible to get/obtain, still the info is worthless due that all major Banks like DB, Citi, UBS, that quote and market make, run very sophisticated algorithms that create thousands or spoof orders each millisecond. This is not speculate nor move the market... it is plain an simple to be able to fill orders from "their" own Internal books.

Also, no Major Bank would post their real order book for everybody to see. That would be like playing poker with your cards open.

J.
All times are UTC Page 1 of 1

Powered by phpBB® Forum Software © phpBB Limited