Here is my issue. If anyone can provide any recommendations please let me know. The broker that I trade with has 3 liquidity options to choose from. Currenex on MT4, Hotspot Institutional on MT4 and Integral on MT4. You can either choose to trade on one liquidity solution or have all three on your MetaTrader platform (SEE SCREENSHOT). I have all three running. So this way I can trade on either the Currenex, Integral or Hotspot feed without have to make switch back and forth in MetaTrader. The problem is MetaTrader has no depth of market. Currenex, Hotspot and Integral each have native platforms that support depth of market. So I can open up either one of these three platforms, while running MT4 of course, and see the depth for any of the pairs that Iâm trading on MT4. This can be cumbersome moving back and forth throughout the day. Most of my trading is on the Hotspot feed. But I do execute certain strategies through Currenex and Integral as times. I need a depth of market plug-in for depth of market in MT4. Then I wonât have to switch back and forth on the native Currenex, Hotspot and Integral platforms. If anybody has any recommendations for this please let me know.
isn't fx dom only the broker you're trading with ? certainly not the whole fx market dom's available with NinjaTrader tho the number of futures currencies/pairs available to trade is far fewer than an fx brokers offerings futures brokers offer NT fx trading via Gain, not sure if dom's available
Not sure if you're aware but MT5 has a DOM feature. But as Wallace points out it most likely the brokers orders only.
No the broker has his MT4 connected to the quote server & execution server. For example, if I utilize the Hotspot Institutional on MetaTrader the orders are routed from MetaTrader to Hotspot. The depth of market add-in for MT4 would show the depth for the feed coming in. In this example the Hotspot ECN. Its not a broker feed.
JR-Welling: I don't know whether the dom you see when you use the Hotspot feed is the MT/broker trades, or Hotspot only trades, or total trades of all brokers/traders using the Hotspot feed while fx/spot dom may serve your purpose, since there's no single contract size there's no indication of Volume, only the $ amount of trades - from That source you might want to check what the 'Daily Volume' total is for the eurusd from Hotspot and compare it with these volume figures for the 6E Euro FX - eurusd equivalent 11/05/2010 390,065 - to 12:30 pst 11/04/2010 410,020 11/03/2010 438,195 11/02/2010 332,627 11/01/2010 289,250 the attached image is NijnaTrader's dom for the 6E, Buy/Sell amounts are contracts traded @ $125,000 amount per contract believe NT v7 now has Bid/Ask data and trades updated in microseconds also NT has several indicators related to dom that display on the chart pane
Hi JR, Quick question: I've been looking for a new broker recently and am wondering if you would recommend yours? Do you have a link to them? Cheers