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Originally Posted by Truville
I believe it is significant for one big reason: candles.
If you use indicative data, the hourly candle may have a different shape to it than a candle using actual data. The difference between a doji and a regular bar. The difference between engulfing and not. The difference between buy and sell.
In a market as difficult as this, I don't think close enough is ever close enough.
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Thanks for the reply, Truville. I appreciate the comments and insight.
To give some more background, I'm a relative newbie, looking to practice developing systems and strategies on free historical data before committing to a for fee data feed and the costs involved with that. I haven't found any freely available actual data, so it's indicative or nothing at this point.
Are there any freely (or cheaply) available actual feeds for testing purposes? If not, is indicative data so inaccurate that I'd be foolish to test using it?
Looking forward to your reply. Thanks!