speed of data is varies the requirement of person to person.if you are trader of thin markets like mcx , you require a 1 second updating data is sufficient and any terminal data will do this one.if you are trading for 3 to 5 pips you require
high speed data.all HFTs are who trades for 2 or 3 pips use Xtrader (not retail version) data charging for 2000$ and same data charge for retailers are less.
so quality of data varies.
finding the exact high and lows are no use.everybody know retail traders keep stoploss at swing high and lows. the BIG BOYS they will break these stoplosses and flushout all the retail traders and then they will enter.this is everyday practice.
so data quality requirement is not common for all.
i am using yusi data extraction from terminal and did not find any difference with
GDFL data, both i compared.i am using data for ninja trader order flow and renko charts.
high speed data.all HFTs are who trades for 2 or 3 pips use Xtrader (not retail version) data charging for 2000$ and same data charge for retailers are less.
so quality of data varies.
finding the exact high and lows are no use.everybody know retail traders keep stoploss at swing high and lows. the BIG BOYS they will break these stoplosses and flushout all the retail traders and then they will enter.this is everyday practice.
so data quality requirement is not common for all.
i am using yusi data extraction from terminal and did not find any difference with
GDFL data, both i compared.i am using data for ninja trader order flow and renko charts.
Will you give 3 ticks , 4 ticks how much gap?
How about when ur position size is 4/5 lots or more ?
each tick u move ur stop loss u loss serious money.
retail traders may not need TBT but do need accurate OHLC which is not possible with Level1 data.