Software to Screen Forex Market

[Yakalfer 10]

Hi,

 

I am looking for a software solution to scan the forex market based on configurable conditions ... Ex: combination of moving averages, MACD, etc. ...

 

What is the best solution ?

 

I believe that TS did that, but perhaps there is a better choice?

 

Thanks in advance !

[diablo272 10]

I believe MetaTrader 4 is a popular FX platform that would do what you want. Ninja could also do it. I'm not sure, but I would guess that Multicharts could too, and so could many many other popular platforms.

 

http://www.metatrader4.com/

http://www.ninjatrader.com/webnew/index.htm

http://www.tssupport.com/multicharts/

 

Platform reviews at ET: http://www.elitetrader.com/so/

[Yakalfer 10]

I use Metatrader for graphics, but it seems to me that MT4 doesn't automatically scan all the forex pairs in all the time units..??...

I know that TS offers this feature, but I'd like to know if there is an alternative choice...

[diablo272 10]

As I mentioned, NinjaTrader will do that for you, unless I'm misunderstanding your question. I don't know if it's a better option than TS though, since I've never used TS before. Ninja is free though if you just want to use it for charting, so you should check it out.

 

And are you sure MT4 won't do what you want? I thought it could...but maybe I don't understand what you're asking.

[Yakalfer 10]

I'm looking for a software solution like : Real Time Market Scanner, Price Scan, Scanning Software

But for forex market...

I'd like to get real-time all trading opportunities identified on different time frames and different currency pairs, depending on parameters such as intersection of averages, MACD levels, etc ..

And I don't know if ninja trader can do that ???

Could you confirm ??

[diablo272 10]

Ninja does have a feature similar to that, but I'm not sure if it will do exactly the same thing and work in exactly the same way. It is free though, so you can check it out for yourself.

[Yakalfer 10]

ok, thanks, I will try.

But I'm not shure that it's free to test in real time data...

Is it possible to use data from MT4 with Ninja ??

[diablo272 10]

If your data feed is on this list then it is indeed free to use live, but some features will not be available to you (super DOM and ATM function).

 

Trading Platforms. NINJATRADER. Brokerage and Data Feed Support.

[Yakalfer 10]

ok, thank you for this answer !

It looks like corresponding to my needs.

I was hoping to find a solution that can be fully tested without needing to open an account ... (eg Metatrader).

But if I open an account, then what are the points that should make me choose NinjaTrader rather than MultiCharts ..??..

[diablo272 10]

You don't need an account with Ninja, you can just download the software, obtain a free license key, and go. I can't compare it to MultiCharts because I've never used MC before.

[sevensa 10]

But if I open an account, then what are the points that should make me choose NinjaTrader rather than MultiCharts ..??..

 

You should look which one meet your requirements the closest.

[Yakalfer 10]

I have downloaded Ninja, but in order to have datas, I need an account..??... I can simulate, but the target is to use the market scanner to trade ;-)

[diablo272 10]

In order to trade you do need data, but you can't get a data feed through Ninja. I linked to a page on the Ninja website that listed compatible data feeds, so you should check that out.

[BlowFish 10]

You will need to open a demo account with one of the brokers to get data. As far as I know MBT (the only one to offer spot FX) don't offer NT demo accounts. Interactive Brokers might do you too as they offer spot FX too.

 

Mind you I wasn't aware NT has a decent scanner (not having a requirement for one). Shows how much I know! Looks like there market analyser will do the job for you if you can get the data.

[Yakalfer 10]

Thanks BlowFish for these information !

I have check the market analyser and I confirm that it's exactly what I need.

I do not know if it is possible to open a demo account with IB, but I still have not found ...