Market data spend in 2024 up 6.4 percent to a record high of $44.3 billion. It is one of the biggest costs for financial institutions. Reliable and proofen data is one of the most valuabel asset for your trading. Even though forex is a global decentralized or over-the-counter (OTC) market and therefore data is not as efficient as Level 2 US market data from a centraliced market like Nasdaq it is crucial for traders to work with unfiltered high quality data including bidsize and asksize for supply and demand to match other participants like large banks or brokers.
IBPREZZO MT4Ticks is a third party software for download to be used with MT4. Its easy to install and easy to use. After installation you will receive interbanking quality forex tick by tick data, meaning you receive updates on every price and size change as it happens in the market. The data is free from any manipulation and is delivered straight to your mt4.
"Bidsize / "Asksize refer to the total size that is currently available for purchase / sell at the best bid price / ask price. This value represents the aggregate quantity that buyers / sellers are willing to buy / sell at that specific price point. It's a crucial component of market depth information, helping you assess the liquidity and potential price impact of trades on the bid side / ask side. Bid size / Ask size are components of market depth, which provide a more granular view of buy and sell orders at different price levels which is essential for high-frequency trading and analysis. You'll receive the current bid price / ask price and the corresponding bid size / ask size. This information, provides valuable insights into market dynamics and trading opportunities.
Furthermore you will receive Market depth displayed in an Order book indicating market liquidity and potential price volatility.
It shows a list of pending buy orders (bids) and sell orders (asks) for a symbol, arranged by up to 10 price levels and the total quantity available to be bought or sold at specific prices.
Supported currency pairs Level1
EURUSD GBPUSD EURGBP AUDUSD USDCAD (USDCHF EURCHF USDJPY NZDUSD EURJPY EURCAD EURAUD GBPAUD GBPCAD GBPCHF AUDCAD AUDCHF GBPNZD GBPSGD NZDCAD NZDCHF USDCNH AUDJPY AUDNZD CADCHF EURNOK EURSEK AUDSGD CADJPY CHFJPY EURNZD GBPJPY NZDJPY USDMXN USDNOK USDSEK USDSGD USDZAR)
Supported currency pairs Market Depth
EURUSD GBPUSD EURGBP
To see IBPREZZO MT4Ticks on your chart no registration necessary and all MT4 Brokers are supported.
In the window to the right you find information how to use IBPREZZO MT4Ticks .
By clicking one of your selected symbols 2 new windows will open in your chart showing you the Market Depth of the symbol and some calculations based on the symbols liquidity shown in Market Depth and trades.
To access IBPREZZO MT4Ticks from expert advisor you need to.
to your expert advisor