Can any one recommend a course that teaches you how to read the footprint | Trading Reviews and Vendors


futures.io - futures trading strategies, market news, trading charts and platforms


Trading Reviews and Vendors


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




 

Can any one recommend a course that teaches you how to read the footprint

  #30 (permalink)

Elite Member
Buenos Aires Argentina
 
Futures Experience: Advanced
Platform: NT, MT4, Sierra
Favorite Futures: S&P, Bonds, Crude, FX
 
Posts: 250 since Sep 2014
Thanks: 37 given, 240 received

Surely there are "rules" aren't there? Otherwise, the market making algos of Virtu or Citadel wouldn't know how to react to incoming orders to the market. Additionally, other fast scalping algos surely also have rules to determine if there is sufficient liquidity to deal for the scalp. The challenge lies in breaking down how those other algos behave (which are rules based, not a generally human market maker anymore adding or removing liquidity) and then calibrate the strategy accordingly.

Admittedly, this is probably not something that can be simply done without computer assistance of data feeds breaking down orders by the microsecond (or at a very, very bare minimum millisecond).

Reply With Quote
 
Page generated 2018-08-15 in 0.07 seconds with 11 queries on phoenix