Questions about Ctrader's DOM
Questions about Ctrader's DOM
08 Jan 2022, 06:59
Hi:
I have a couple of questions regarding ctrader's DoM:
1) In the left volume, the unit is "lots" right? Based on my current understanding, it means there are 0.15 lots buy order at 1.89398, 1.5 lots at 1.89397. My questions is that why the volume numbers are always 0.15, 1.5, 5, 10,30 etc... Why there are no orders in other volumes, say 6 lots?
2) Do the volume and prices in the DoM include all the orders including the liquidity providers of my broker? Or this just includes orders from retail traders like myself?
Replies
PanagiotisCharalampous
10 Jan 2022, 07:54
Hi RedSeaBro.
1. The display type (units/lots) is based on your settings. The size demonstrates the available liquidity at each price level
2. The DoM comes from liquidity providers.
Best Regards,
Panagiotis
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@PanagiotisCharalampous
RedSeaBro
10 Jan 2022, 16:49
RE:
Astroke said:
Hi,
1: Simply because all broker fake the liquidity.
2: This is "liquidity providers" aggregated.
Can you provide more details? In which sense do broker "fake" the liquidity?
@RedSeaBro
RedSeaBro
10 Jan 2022, 16:52
( Updated at: 21 Dec 2023, 09:22 )
RE:
PanagiotisCharalampous said:
Hi RedSeaBro.
1. The display type (units/lots) is based on your settings. The size demonstrates the available liquidity at each price level
2. The DoM comes from liquidity providers.
Best Regards,
Panagiotis
Thanks. Just want to confirm what does price level mean.
In this figure, does that mean there are 0.15 lots buy order above 1.89398, and 1.5 lots buy order between 1.89398 to 1.89397?
@RedSeaBro
PanagiotisCharalampous
10 Jan 2022, 17:05
Hi RedSeaBro.
Yes that is correct.
Best Regards,
Panagiotis
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@PanagiotisCharalampous
RedSeaBro
10 Jan 2022, 17:07
RE:
PanagiotisCharalampous said:
Hi RedSeaBro.
Yes that is correct.
Best Regards,
Panagiotis
Thanks a lot.
@RedSeaBro
Astroke
11 Jan 2022, 00:18
RE: RE:
RedSeaBro said:
Astroke said:
Hi,
1: Simply because all broker fake the liquidity.
2: This is "liquidity providers" aggregated.
Can you provide more details? In which sense do broker "fake" the liquidity?
Hi, To make it simple the perfect rounding ( i never see for exemple 0.16Lots ), and many test with orders of several dozen lots executed at prices for which there is "only" 1 lots or less make me say without any possible doubt that the DOM are false. I tested 3 different broker with the same result.
Don't take my word for it do your own test if you can and let me know your results.
@Astroke
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