IG Index Charts

[candeloro]

Hi
a maybe stupid question.
The charts you get if you trade with IG Index (and tradefair has the same charts I think) are they realtime?
Or is this delayed data?

So do you recommend to have (a second) real-time-data feed or is the chart data of the SB-companies enough for a beginner (if it is real time data).

Thanks a lot!

 

[UKtradergirl]

Hi
a maybe stupid question.
The charts you get if you trade with IG Index (and tradefair has the same charts I think) are they realtime?
Or is this delayed data?

So do you recommend to have (a second) real-time-data feed or is the chart data of the SB-companies enough for a beginner (if it is real time data).

Thanks a lot!

Yes, it is realtime. If it wasn't real time, then their quotes would have to be delayed too. Which makes for a great strategy to beat them.

IG Index charts are not actual market charts, but based around the underlying market. In practise the prices are very very similar to the actual market (if they weren't there would be no point). If you are trading through IGIndex therefore, i most definitely recommend you use their charts (their prices correlate with the data on their charts).

In my opinion, whether you are a beginner or someone more experienced, the charts through IG are very sufficient, and even better than that found in many other places for a charge.

 

[candeloro]

Yes, it is realtime. If it wasn't real time, then their quotes would have to be delayed too. Which makes for a great strategy to beat them.

IG Index charts are not actual market charts, but based around the underlying market. In practise the prices are very very similar to the actual market (if they weren't there would be no point). If you are trading through IGIndex therefore, i most definitely recommend you use their charts (their prices correlate with the data on their charts).

In my opinion, whether you are a beginner or someone more experienced, the charts through IG are very sufficient, and even better than that found in many other places for a charge.

Thank you for the info!
I wondered why they can give away a lot of realtime data (stocks,markets...) while other feeds (like Reuters etc) charge a hell of money for that data.
Is there a way of using the realtime data to feed external EOD or realtime Charting-Software? 😱

 

[UKtradergirl]

Thank you for the info!
I wondered why they can give away a lot of realtime data (stocks,markets...) while other feeds (like Reuters etc) charge a hell of money for that data.
Is there a way of using the realtime data to feed external EOD or realtime Charting-Software? 😱

Can't answer that i'm afraid- i don't know. I don't think you can. The IG charts are very customisable anyway- and will save your settings. They are based on ProRealTime.

Infact, 'giving away' the charts to you probably costs IG a lot of money. You are paying for it in a round about kind of way, every time you place a trade. I suppose they are also hoping that by providing you with quality charts you will be encouraged to place more trades.

 

[barjon]

Thank you for the info!
I wondered why they can give away a lot of realtime data (stocks,markets...) while other feeds (like Reuters etc) charge a hell of money for that data.
Is there a way of using the realtime data to feed external EOD or realtime Charting-Software? 😱

hi candel

they are not giving away real-time data of the underlying market - they are giving away the real-time data of their quotes in relation to those markets.

good trading

jon

 

[candeloro]

hi candel

they are not giving away real-time data of the underlying market - they are giving away the real-time data of their quotes in relation to those markets.

good trading

jon

Confusing to be a beginner again (as I invested in stocks some years ago) 😢
So if I get it right:
Lets say the Dow is at 8500 and IG is offering 8498/8502 then they would use 8500 as their "chart data" right?
But they could offer a spread of 8500 to 8504 either, which then would mean their chart data would be 8502 (although the "real" market would show the "official 8500" as data?

So do I get it right, people trading IG quotes do not trade the real market, they trade the IG market?
That on the other hand means that I cannot trade "real chart" technial point?
Let´s say we have a double top at all-time high of XX-market at 8430.
Trading the real market, I would go long if breaking the 8430.

Due to the spread and the possibility to quote free, IG could quote 8431 to 8435 while the real market is at 8428, sucking lots of traders in "going long" while there was no sense in going long, watching the real market?
And as I do not trade "against" other investors there is no way that even if the IG chart would show a break of their all-time high I would make a profit as there is no buying power due to the IG chart signal as I only trade against IG-market makers.

That would mean the IG is if not useless, very inaccurate at the important keypoints of the underlying market, right?

Sorry for so many questions...😕

 

[barjon]

Confusing to be a beginner again (as I invested in stocks some years ago) 😢
So if I get it right:
Lets say the Dow is at 8500 and IG is offering 8498/8502 then they would use 8500 as their "chart data" right?
But they could offer a spread of 8500 to 8504 either, which then would mean their chart data would be 8502 (although the "real" market would show the "official 8500" as data?

So do I get it right, people trading IG quotes do not trade the real market, they trade the IG market?
That on the other hand means that I cannot trade "real chart" technial point?
Let´s say we have a double top at all-time high of XX-market at 8430.
Trading the real market, I would go long if breaking the 8430.

Due to the spread and the possibility to quote free, IG could quote 8431 to 8435 while the real market is at 8428, sucking lots of traders in "going long" while there was no sense in going long, watching the real market?
And as I do not trade "against" other investors there is no way that even if the IG chart would show a break of their all-time high I would make a profit as there is no buying power due to the IG chart signal as I only trade against IG-market makers.

That would mean the IG is if not useless, very inaccurate at the important keypoints of the underlying market, right?

Sorry for so many questions...😕

you got it 😀

 

[Phil Mibbutz]

Unfortunately, IG's charts don't necessarily follow their quotes, which makes life slightly more complicated.

 

[candeloro]

Unfortunately, IG's charts don't necessarily follow their quotes, which makes life slightly more complicated.

Hm, what do they follow then?
Mixture of Underlying quotes and IG quotes?

Will give it a try anyway but seems to me like a casino 😢

 

[UKtradergirl]

Hm, what do they follow then?
Mixture of Underlying quotes and IG quotes?

Will give it a try anyway but seems to me like a casino 😢

Spreadbetting is more efficient over longer term time frames. Then those few points don't matter so much in the context of hopefully winning 200+. The only problem with longer term is that you generally need bigger stops.

 

[Lord Flasheart]

You can us a many direct access companies data feed to add to a chart package to save the exchange fees etc.

 

[Greywell1]

IG charts

I use I.G. 'through ' charts, & have never found a difference in their chart & quotes.
'Through' charts are to my mind the best available - trading on the chart has to be the way to go.
I spent years bumbling around with Metatrader before finding I.G. But since then, have never looked back.

 

[simcom]

I use I.G. 'through ' charts, & have never found a difference in their chart & quotes.
'Through' charts are to my mind the best available - trading on the chart has to be the way to go.
I spent years bumbling around with Metatrader before finding I.G. But since then, have never looked back.

Pleased to hear you've been having a good experience with DealThru Charts. I have been considering using that functionality for some time.

Do you know if it is possible to automate trades using the system, or is it still only able to provide prompts? A few months back my account manager told me that they were working on a way to implement automatic trade placement, which would be exciting.

 

[candeloro]

Is there a difference in the tools you get depending what typ of account you open with IG ?😱

 

[options]

No. There are however 3 different types of chart you can access.

1, Are the quick charts direct from the price display.

2, Are the advanced charts from the pop out menu by the side of the quick charts.

3. Are the real time charts that pop out from the tools button at the top of the screen.

Even though only the 3rd is called real time, all 3 charts are in real time, driven from Ig's price feed. Which will be comparable to the 'real' market price, with the spread added into that, which has to reflect the 'real' price pretty close or as UKTgirl said it leaves it open to exploitation by someone who has a 'real' price feed.

That said they can quote any price they feel like as they have the 'right' to do this. In reality though it doesn't happen.

 

[UKtradergirl]

If dealthru charts is not showing on your computer it's because you have to agree to the terms and conditions of it in your account settings.

Go to My Account --> Settings --> Preferences and select 'dealthru charts'

 

[candeloro]

That is what I meant.
This function is not available at the account with the lowest risk.
Along with the trailing stop (and maybe others)
That is a little bit disappointing, as this account cuts you back for just trying to avoid risks...

 

[options]

That is what I meant.
This function is not available at the account with the lowest risk.
Along with the trailing stop (and maybe others)
That is a little bit disappointing, as this account cuts you back for just trying to avoid risks...

What type of account do you have?

 

[candeloro]

I have the Limited Risk account for a start...

 

[Greywell1]

IG Charts

I have the Limited Risk account for a start...

You need a standard account to use 'Deal through...'
At present there is no ability to 'Auto' trade with I.G.
Long may it remain so....!