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Trading Reviews and Vendors


Discuss and review vendors of commercial trading products, trading rooms and services, trading indicators or third-party paid add-ons




 

Hawkeye Traders

  #6 (permalink)

Elite Member
Houston, Texas USA
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts, TradeStation, NeuroShell, AmiBroker
Broker/Data: Interactive Brokers, TradeStation, DTN/IQ
Favorite Futures: TF, EMD, NQ, CL
 
harvester's Avatar
 
Posts: 30 since Mar 2011
Thanks: 12 given, 87 received

I bought the Hawkeye indicators for TradeStation in 2008, and have also used them MultiCharts and eSignal.

It's hard for me to be critical of Hawkeye, as they really try to do a good job. Nigel Hawkes (the founder), seems to be backing out of the daily grind, and has turned it over to someone who's actually doing quite well. If you're interested in the human interaction element, they try to deliver in this area. I can also say they've supported the product all of these years, and delivered several upgrades - the latest being noticeably better.

As for the indicators themselves, I would have to rate them about 5 or 6 on a scale of 10. They're not bad, but IMHO they're just not outstanding enough to justify the asking price. Especially if you have lots of good indicators already. The premise of their approach is multi-timeframe tick charts. Basically they have three tick charts which are set by something called a "gear box". You then look at the "gear changer" to see what timeframe to use. Depending on what instrument you trade, these three tickcharts don't vary much over time. I believe they are using something like a triple moving average of the 15minute volume to get the tick values, and maybe ADX levels to determine which chart to use. The bread n' butter trade is an ABC pattern, that they refer to as "roadkill". The concept of using multi-timeframe charts and ABC patterns is pretty popular, and there seem to be several variations of this posted here in futures.io (formerly BMT).

As I said in the beginning, Hawkeye are run by very honest people. Nigel Hawkes is actually a very nice guy with a good heart. To maintain a staff and an office it just takes money, and thus the cost of the indies... They also have weekly webinars, that I still attend several times per year, or I'll just catch up on the YouTube site.

Should finally mention that I don't regularly use their indicators in trading any more. However, I still refer to them once in a while for confirmation.

-harvester


Last edited by harvester; October 9th, 2011 at 03:11 AM. Reason: mispelling
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