[FulcrumTrader]

Originally Posted by exiled »

Sierra Chart also has cumulative Delta charting capabilities. Anyone know if this is any good?

Sierra Chart - Help Details - Cumulative AskVolume and BidVolume Difference Bars (Cumulative Delta)

SC seems to be moving in the right direction and more knowledgeable CD users are working with that platform which is great (many SC CD tools users at bigmiketrading).

Also to note, I have been helping Multicharts with their initial venture into CD tools and what I tested was working pretty good. They have not yet released a beta version of their CD tools to the public but that could happen in the months ahead....so far so good.

[BlowFish]

I am Trialing Sierra now as a potential candidate to hold me over until MC deliver there cumulative delta offering. There are some quite sophisticated tools that seem pretty darn solid so far. The Cumulative delta just works (what more can you ask). Not only does it have delta it has a footprint style chart too.

I'm pretty impressed all in all. I have also have had a look at how to program your own studies (albeit briefly) initial impressions are that it is fairly flexible and not too onerous to learn. My biggest criticism so far is the UI ....sure I am not too familiar with the layout but some things are just a bit clunky.

It also allow you to 'drive' one chart with a study off another. I am starting to get a couple of creative ideas there though am not sure if they are feasible (as an example use cumulative delta to drive P&F and end up with something like OFA)

[donam]

Originally Posted by dbvaello »

I agree fully that IQfeed provides better data for analysis and we absolutely recommend it & offer the connection, however while ZenFire may not isolate the trades at the bid or ask precisely the same, the volume is accounted for within 0.1% across the board. We see situations where IQ parses 7500 contracts slightly differently than ZenFire does... Like 4800/2700 (ZenFire) instead of 5200/2300 (IQ). This has no effect on our algorithms because we have to relate that total volume traded as 7500. Even if somehow the volume is off by 12 contracts... Does this really effect a market that trades 3M+/day? Both would be buyers and sellers - there are not magically only 5200 sellers even though 7500 (or 7512) traded. Even the v3.0 Trade Tracking algos we use for fill/kill have to account for market depth, total volume, volatility, rate of trade, and weighting volume according to inventory levels. Of course in the end the trick is having some strategy as to what you want to do with it - clearly your goal is more automation and pattern recognition - mine is not. Please do not misunderstand. I get the foundation of your argument. There is a considerable difference in using clearing feeds and even in the ZenFire/Rithmic API as opposed to drawing data from Ninja. We try to offer users options. Not all are equal for bid/ask. But because most of our clients execute via Zen or Rithmic, the option is there to use these feeds free either directly from the API or via Ninja. I have no problem paying the extra money for IQ.

Regarding pattern recognition, It sounds to me like your algo is too broad based for what you are trying to accomplish. But of course I really do not know what you are doing. I have people tell me all the time that they do exactly what we do... Frankly I find that hard to believe. People tend to focus on the scalping algo because they see it on the net and want a magic indicator. It's not one. It is an add-on for a complex strategy. It has a specific purpose and is not some automated robot. Thus I would say less than 50% of my students even buy it - and those that do without any training are simply flying blind and hoping for magic. I do not have any desire to sell smoke and mirrors. If you buy it, learn how to use it. If you try to copy it, learn how to use it.

You seem to have an excellent grasp of your own use of Order Flow, and therefore I would suggest you continue down your own path. Our tools are not the only solution out there and I am the first to admit that - I just find it funny that traders are so anxious to try to copy what we do and in the same post claim we are no different than the other vendors selling volume at price charting. As stated previously, if you have your own time, skills, understanding, imagination and are willing to put in the work there is no reason you can't skip the process of learning from someone else. I would only ask that you not simply assume that you know everything. I am very aware that there is a lot more that I don't know - than what I can claim to understand.

DB

I was impressed after reviewing the videos of your software and trading system. I booked for a demonstration of the system (during market hours) with George. We went through the demonstration for a few days. He is a very nice Guy but unfortunately we could not agree on what he should be really covering in the demonstration. He was always going through the different descriptions of what each software does. I explained in so many ways that these things have been very well covered in your videos in You Tube and that what I felt he needs to be doing is to take trading decisions using the software and the logic behind your trading system (either taking trades or managing trades) but he felt that was not what he should be doing.We had many debates about this but failed to agree. I suggested the alternative of paying 250 dollars to observe in your room and watch you use your system for trade decisions but he refused and said that your clients will not like this He said you used to do this (room trial) but stopped it about one year ago. He suggested that the best thing is for me to pay 2500 dollars and go through class and then I will have the opportunity to come into the trading room and see if it is working. Well I have been unable to understand his logic. I thought you will prefer clients to see that this system works - by using it to assist trading decisions in live market. This is not really an issue for the forum but I did not have any other way of getting in touch with you. I am still very keen to observe the software demonstrated in live markets either in Georges room or in your room. I am ready to pay 250 dollars for one month trial in your room just to observe that it has positive impact on market decisions. If I can see that it has positive impact in assisting trading decisions I will very much like to purchase. I will still repeat that George is very nice and friendly and is very passionate about this trading system. Looking forward to hearing from you

[dbvaello]

Originally Posted by donam »

I was impressed after reviewing the videos of your software and trading system. I booked for a demonstration of the system (during market hours) with George. We went through the demonstration for a few days. He is a very nice Guy but unfortunately we could not agree on what he should be really covering in the demonstration...

I'm sorry that you do not feel your time was well spent with George. He certainly does his best to give clients 110% at all times. In fact, we pride ourselves on attention to detail and 1-on-1 service in an industry filled with "buy now" links and automated email blasts. While I don't think we need to continue the discussion on a public forum, I would be more than happy to speak with you directly. Please contact me through the website and I will personally reply to schedule time to discuss. I understand where you are coming from - we don't offer the type of environment most people are used to with monthly trading room subscriptions. It creates a zoo - a wreck of non-commitment which generally means that every day revolves around the lowest common denominator participants. I am not working in the public school system and my clients do not accept that type of mediocrity. I realize that this attitude drives many potential clients away. Amazingly it draws a much higher quality of student in the long run - which in turn creates a better environment for everyone involved. There are several hundred low monthly fee trading rooms to choose from. You can see after 5 minutes that the typical business model is to churn and burn new customers with the promise of riches. I refuse to be part of that model. Again, please contact me directly and I will be happy to discuss logic with you or any other component you wish. -DB

[TJTrade]

Originally Posted by supergrover »

I am in no way related to OFA , i am just an OFA software user, i wrote my experienced with OFA , in fact i still use Market Delta in addition to OFA because of the their issues.

for me OFA works good , but still limited
we all (OFA Users) have to count on OFA to setup the right parameters in their software which is very bad because if tomorrow there is no OFA we dont have control on their software
and this is why i keep my Market Delta

Hi Supergrover,

I am considering OFA and share similar concern on programmed COT. Can one just trade with volume cluster chart without depending on COT? Market condition is dynamic and changing all the time and COT may require tweaking over time.

By the way, in the fast moving ES can one achieve high rate of success in ES trading using OFA tools?

[exiled]

Originally Posted by donam »

I was impressed after reviewing the videos of your software and trading system. I booked for a demonstration of the system (during market hours) with George. We went through the demonstration for a few days. He is a very nice Guy but unfortunately we could not agree on what he should be really covering in the demonstration. He was always going through the different descriptions of what each software does. I explained in so many ways that these things have been very well covered in your videos in You Tube and that what I felt he needs to be doing is to take trading decisions using the software and the logic behind your trading system (either taking trades or managing trades) but he felt that was not what he should be doing.We had many debates about this but failed to agree. I suggested the alternative of paying 250 dollars to observe in your room and watch you use your system for trade decisions but he refused and said that your clients will not like this He said you used to do this (room trial) but stopped it about one year ago. He suggested that the best thing is for me to pay 2500 dollars and go through class and then I will have the opportunity to come into the trading room and see if it is working. Well I have been unable to understand his logic. I thought you will prefer clients to see that this system works - by using it to assist trading decisions in live market. This is not really an issue for the forum but I did not have any other way of getting in touch with you. I am still very keen to observe the software demonstrated in live markets either in Georges room or in your room. I am ready to pay 250 dollars for one month trial in your room just to observe that it has positive impact on market decisions. If I can see that it has positive impact in assisting trading decisions I will very much like to purchase. I will still repeat that George is very nice and friendly and is very passionate about this trading system. Looking forward to hearing from you

Hi donam,

Did you ever sort out your issues with OFA? Did you get to see a live market demo or just more mumbo jumbo?

[ROSCOE]

This thread died about 9 months ago. As I read, I got interested in the OFA product and took a look at several videos from OFA.

Is there anyone around who has or is actually using OAF? I sure would like to hear from some real users before I go any farther.

I enjoyed everyone's contribution.

Thanks.