Running MW with ToS data. The intraday charts are riddled with corrupt data. Time to change. Anyone here using the MW supported data vendors supporting intraday data they find acceptable without being charged and arm & leg? Thanks
Not sure what you are trading. I trade mostly futures and use CQG via TradeFutures4less.com. Works great.
I use Interactive Brokers for Equities. Their non-pro fees are cheap start around $15/month, bit more if you want level 2. You need to open a personal account though. If you open a company account you're forced to go pro and it's about 10 time more. Here's the link to pricing https://www.interactivebrokers.com/en/index.php?f=14193
I've since moved my equities trading to a different broker and no longer use MW for equities so I can't comment. Although I'd prefer to us MV, my new broker doesn't have the API connection. But I trade futures mostly anyway and use MW daily without any data issues via CQG.
If you are serious trader, you should use CQG. No one can beat CQG. I trade only /NQ and pay only $5/month to CQG (currencies & us indices data only). Markup per trade is also cheap. My broker is AMP Futures. TOS's data is crap and commission is ripoff. Their futures trading cost (two-way) is about 50% more expensive than AMP Futures.
If you're day trading futures, the ONLY data feeds you should use need to be tick-based and not "snapshot" providers. I've tried CQG, Rithmic, and DTN-IQFeed. Each has strengths. CQG is mostly reliable and cheap. Rithmic is similar in reliability but also provides Level III, full-book depth at a little higher cost. IQ Feed is in IMO the absolute best in reliability and quality. The drawback for retail traders is the price tag, which might be described as an "arm and a leg," but for professional traders, the price is right in line with what we already pay.
Data providers like IB, TOS/TDA and TradeStation provide "SNAPSHOT" data. Also using IB, the data gets wonky on certain instruments. After many convos with IB and MW Support, this is an IB API issue.
Like @hiespark said about TDA, the comms are expensive and worth switching brokers. And like @crudedude said, IB is the way to go if you trade both Futures and Equities.
Full-disclosure: I now chart in MotiveWave using CQG data from my AMP account and execute in IB. It's a cool setup in MW to be able to do so. Futures comms are cheaper in AMP than IB, but I also trade equities and therefore need IB.