All WH SelfInvest clients receive genuine tick-by-tick market quotes. Most futures brokers, including Interactive Brokers supply inferior 1/2 second snapshot updates.
Snapshot quotes show the first few ticks and then, after the bulk of the volume has been traded, one, final tick. They are one second or more slower than the WH SelfInvest market data. This example illustrates the main difference between tick-by-tick and snapshot:
if you do not have tick-by-tick quotes. If you believe that 1-second delays and the absence of 75% of all executed orders in the order book and charts do not impact your trading results, then consider these facts:
Traders
lose money
Traders cannot open and close their positions at the same
prices as traders working with tick-per-tick.
Order
execution is inferior
Slippage occurs regularly. One tick less, costs the trader €
12,50 on the DAX future, for example.
Charts
based on ticks are wrong
Range Bars, tick charts, renko charts and point-and-figure
charts are unusable.
Charts
are never complete
Trades can be executed at prices, which are not visible in the
chart.
Technical
analysis indicators are wrong
All indicators based on ticks become worthless. This can lead
to erroneous entries and exits.
Trading
based on volume is impossible
Market profile, Time Price Opportunities, Volume Profile,
Price Action, the order book, VWAP and Volume Viewers are
unusable. Their information is worthless.
Back-testing
is impossible
Differences between the real-time charts and the historical
charts make a back-test irrelevant.
You will
always have doubts
Orders executed at prices not shown in the chart create
permanent uncertainty for the trader and make trading
unnecessarily stressful.
WH SelfInvest supplies real-time tick-by-tick quotes and market data.
Clients trade serenely and without restrictions!