Real Time Data Now / Nest Trader to Amibroker, Fcharts

[Aman1]

In nest/now we get level 2 data

Can you explain little more please?

 

[Aman1]

That is a myth. Nobody gives level 1 data. I have tested backfill umpteen times. There is hardly any difference.

I have doubts about Nest since its feed is redirected through broker's server which are co-located with NSE servers.
However, data is same. There is some latency in Nest since data is redirected.

In case of NOW, we are directly trading on exchange. If you are saying we get sub-standard data in NOW, and correct data in paid feed, our trades will always go wrong since we are executing trades on defective terminal.
So we will have to stop trading from home and go to broker's office to get so called level 1 terminal.
Does it mean all the claims of NSE about transperancy and that we have a terminal at home are false?

Is this true about MCX also?

 

[LOVEENAJYOTHI]

[]

I came back and backfilled data on other PC.And both the charts looking different.
Different in all the scrips.High-Low-Open_close has a different values too.Thus,it gives wrong information.
I trade AMA by Pratap Sir and AMA was different in 1st image than in 2nd image.
And all this time I was wondering, “why backtest results are awesome and in live I make a loss."

Your take on this please Josh Sir/TB and others.

That is a myth. Nobody gives level 1 data. I have tested backfill umpteen times. There is hardly any difference.

I have doubts about Nest since its feed is redirected through broker's server which are co-located with NSE servers.
However, data is same. There is some latency in Nest since data is redirected.

In case of NOW, we are directly trading on exchange. If you are saying we get sub-standard data in NOW, and correct data in paid feed, our trades will always go wrong since we are executing trades on defective terminal.
So we will have to stop trading from home and go to broker's office to get so called level 1 terminal.
Does it mean all the claims of NSE about transperancy and that we have a terminal at home are false?

Had Similar Prob ,
Go to -->Preferences-->IntraDay-->UnCheck the Align Minute Bars to Reglr Market Hrs Option
Also Select the Start Time of Interval (Recommended)

After the above Preferences , My Live & BackFilled charts match for Almost all scrips
But then ,if they match 100% what is the point of backfilling ?

Thnx Rgrds

 

[Snake.Head]

That is a myth. Nobody gives level 1 data. I have tested backfill umpteen times. There is hardly any difference.

I have doubts about Nest since its feed is redirected through broker's server which are co-located with NSE servers.
However, data is same. There is some latency in Nest since data is redirected.

In case of NOW, we are directly trading on exchange. If you are saying we get sub-standard data in NOW, and correct data in paid feed, our trades will always go wrong since we are executing trades on defective terminal.
So we will have to stop trading from home and go to broker's office to get so called level 1 terminal.
Does it mean all the claims of NSE about transperancy and that we have a terminal at home are false?

Level 1 is not tick based data
But i seen difference between level 1 and level 2 data. Side by side compare between now and neofeed for future contract difference is too much during breakout and spike
You can very well trade with nest/now data.
No point in arguing which is best or works best.

Level 2 provides market depth data upto 5 best bid and ask prices and Level 3 provides market depth data upto 20 best bid and ask prices.

 

[josh1]

Level 1 is not tick based data
But i seen difference between level 1 and level 2 data. Side by side compare between now and neofeed for future contract difference is too much during breakout and spike
You can very well trade with nest/now data.
No point in arguing which is best or works best.

Level 2 provides market depth data upto 5 best bid and ask prices and Level 3 provides market depth data upto 20 best bid and ask prices.

Who says Level 1 is not tick based data. Read the difference in levels here

The bold part above is correct. If you see pdf for level 1, you will see that Level 1 data provides only best bid and ask prices. No market depth. Difference amongst levels is regarding market depth in the form of bid and ask prices but LTP and LTT are same for all levels.

As far as trading is concerned, Neat on Web must provide entire tick by tick data to enable small traders/dealers to trade directly on exchange. Other wise all our trading decisions will go heywire.

So do not compare RTDMan's data with any other vendor. RTDMan's data is perfect since it is disseminated from trading terminal. You cannot rely on external vendor data if it is different from trading terminal.

 

[TracerBullet]

This was a live chart of Relinfra,then I left for some Holi Shopping.

I came back and backfilled data on other PC.And both the charts looking different.
Different in all the scrips.High-Low-Open_close has a different values too.Thus,it gives wrong information.
I trade AMA by Pratap Sir and AMA was different in 1st image than in 2nd image.
And all this time I was wondering, “why backtest results are awesome and in live I make a loss."

Your take on this please Josh Sir/TB and others.

Opening second in Futures can have some difference. Atleast this used to be the case in Nifty when i used to look at it. I have not checked recently.
So do backfill. If you want exact match with NOW datatable - then do backfill regularly. Thats what i do. NOW/Nest is not able stream all ticks that show up in DT - but its still pretty accurate and we get very close/exact match. I have not used them yet, but paid vendors probably also do backfill regularly automatically.

Unless your time frame is very small, Now/Nest data should be enough for trading i think.

Side by side compare between now and neofeed for future contract difference is too much during breakout and spike

Did you notice any significant difference between NOW/Nest backfill data vs vendor data? I think i read that they all sample ticks and dont get all ticks, but vendors may have more servers to get more.

 

[Snake.Head]

Did you notice any significant difference between NOW/Nest backfill data vs vendor data? I think i read that they all sample ticks and don't get all ticks, but vendors may have more servers to get more.

Yes their is difference you can notice it.
Again vendor too don't provide tick by tick data,But their is difference in nest/now when compared to vendors data.
Remember what rajesh said during meet
Once i move to future i will too take vendors data

 

[TracerBullet]

Yes their is difference you can notice it.
Again vendor too don't provide tick by tick data,But their is difference in nest/now when compared to vendors data.
Remember what rajesh said during meet
Once i move to future i will too take vendors data

We also said that backfill data is accurate enough. So again, just to confirm, do you see significant difference between NEST/NOW Backflll data ( ie Datatable / VWAP) vs vendor data?

 

[fxarun]

We also said that backfill data is accurate enough. So again, just to confirm, do you see significant difference between NEST/NOW Backflll data ( ie Datatable / VWAP) vs vendor data?

Not much difference.
Currently testing Neofeed due to the myth " vendors data feed is much more superior" .
Sorry , But I personally feel TB's/Josh utility is the Best when you are not going to scalp .
And for Scalp you can better go to esignal.
My trading timeframe is 3 minutes so I will backfill every 3 minutes once to get proper OHLC and Volume data.
Thats it.
Once again thank you so much TB and Josh for providing this wonderful utility.

Regards

 

[Singhraja]

Yes I also feel same especially when new high or low hit in now terminal but I am not getting in amibroker chart and at day open the first candle we have to backfill otherwise it's OK we can't do much with this free utility even icharts provide much clean data as compare to global data feed