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MarketDelta's Trevor Harnett (CEO) - Ask Me Anything (AMA)
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MarketDelta's Trevor Harnett (CEO) - Ask Me Anything (AMA)

  #11 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,219 received

Tip


On Wednesday, March 6th @ 12:00 PM ET we'll hold a casual meeting with Trevor Harnett of MarketDelta. The purpose of this meeting is to answer any questions from members.

- AMA's are quick and casual
- No formal presentation, only Q&A from members
- Live screen sharing
- Session capped at 30 minutes
- Recording will be uploaded to this thread
- Attend live to get your questions answered

Attend the event:
https://www3.gotomeeting.com/register/762573870




Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.


Last edited by Big Mike; March 3rd, 2013 at 05:43 PM.
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  #12 (permalink)
 Vendor: www.marketdelta.com 
Chicago IL/US
 
Futures Experience: Master
Platform: MarketDelta Cloud
Broker/Data: CQG and IQFeed
Favorite Futures: All Futures
 
MarketDelta's Avatar
 
Posts: 64 since May 2012
Thanks: 7 given, 92 received


UnderPar View Post
I'm interested in Volume Profile and Footprint Charts.

I don't mean to turn this into a comparison thread. As a potential customer I'm just wondering what the advantages are....

Are there any specifics differences I should look into that Market Delta offers that Sierra does not?

I'm always willing to pay more for better quality tools (in trading I think you can't afford to be cheap in this regard), but I'm not finding a major reason why Footprint or Volume Profile charts would be different between the two.

I'll be using IQFeed as my data provider.
Thanks!

MarketDelta is different and worth it for many reasons. A very important thing to keep in mind is not just what the MarketDelta software might do but also the value of being a customer of MarketDelta and the quality of support you receive as a client. MD offers 24 hours support, including live support during the U.S. hours. Subscribers to MD also gain access to subscriber only webinars and training, something we invest a lot of time and effort into.

As for the software itself, MarketDelta offers much greater functionality and features when it comes to the Footprint and Volume Profiling. You may not know this, but MarketDelta is the inventor of the Footprint and the leader in functionality and application of it. Bottom line, if you are interested in order flow, volume profiling, Market Profile, and the Footprint then MarketDelta is where you will end up and we would like to argue it is where you should start. Anything else is simply an imitation and does not provide any value after the sale.

Our goal is to be the best, not the cheapest. We serve many professional, high volume traders around the world and in prop firms. This type of client requires a different level of support, and frankly, demands a better product that can serve their needs well. This has kept us sharp and continuing to innovate, not copy.

Lastly, if you are the decision solely on price alone you should consider MarketDelta Trader. It is our Trading DOM with a built in Footprint and is free. www.marketdelta.com/trader. It provides some basic Footprint functionality and allows you to start off and then add MarketDelta Charts to the mix when you are ready. We look forward to working with you. Please direct any further questions to sales@MarketDelta.com.

Make a great day!
Trevor

If you have any questions about the products or services offered by MarketDelta, please send me a Private Message or use the futures.io "Ask Me Anything" thread.

Phone: 1.312.922.7800
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The following user says Thank You to MarketDelta for this post:
 
  #13 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,219 received


AMA session beginning: https://www3.gotomeeting.com/register/762573870

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #14 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,219 received

Here is today's live AMA session recording.

Thanks Trevor!

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Attached Files
ama-marketdelta.flv (93.79 MB, 113 views)
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The following user says Thank You to Big Mike for this post:
 
  #15 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,219 received

@MarketDelta,

In the AMA you briefly mentioned some other unique bar types, can you tell us a bit more about them? I know a lot of members are always interested in custom bar types.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #16 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,219 received

What did everyone think of the AMA live session?

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #17 (permalink)
 Vendor: www.marketdelta.com 
Chicago IL/US
 
Futures Experience: Master
Platform: MarketDelta Cloud
Broker/Data: CQG and IQFeed
Favorite Futures: All Futures
 
MarketDelta's Avatar
 
Posts: 64 since May 2012
Thanks: 7 given, 92 received


Big Mike View Post
@MarketDelta,

In the AMA you briefly mentioned some other unique bar types, can you tell us a bit more about them? I know a lot of members are always interested in custom bar types.

Mike

What I was referring to are customer bar intervals, otherwise known as "periodicities" in MarketDelta. Because MD is very order flow centric, we provide some unique ways to build bars based upon volume and unique data points the Footprint provides.
  • Delta Bars - Creates a bar until a user-specified delta per bar is achieved. Delta is considered an absolute value for this periodicity.
  • POC Volume Creates a bar until a specified amount of volume is achieved in one of the Footprints.
  • Volume Breakout The range of the bar is determined once the volume level specified is achieved. Then when price breaks out of this range a new bar is formed.
  • Delta Reversal Like reversal charts which are based up on the point and figure methodology, delta reversal charts also use the same methodology. The difference is instead of using price to be the determinant of the reversal, delta is used.
  • Heavy Sided This creates a new bar only when a specified volume amount is traded on the bid side or ask side of a Footprint.
  • Price Delta Creates a new bar when the entered delta value is achieved for any price within the current bar.
Here is a link to all the periodicities offered in MarketDelta Charts. Periodicities in MarketDelta

If you have any questions about the products or services offered by MarketDelta, please send me a Private Message or use the futures.io "Ask Me Anything" thread.

Phone: 1.312.922.7800
Reply With Quote
The following user says Thank You to MarketDelta for this post:
 
  #18 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,219 received


MarketDelta View Post
What I was referring to are customer bar intervals, otherwise known as "periodicities" in MarketDelta. Because MD is very order flow centric, we provide some unique ways to build bars based upon volume and unique data points the Footprint provides.
  • Delta Bars - Creates a bar until a user-specified delta per bar is achieved. Delta is considered an absolute value for this periodicity.
  • POC Volume Creates a bar until a specified amount of volume is achieved in one of the Footprints.
  • Volume Breakout The range of the bar is determined once the volume level specified is achieved. Then when price breaks out of this range a new bar is formed.
  • Delta Reversal Like reversal charts which are based up on the point and figure methodology, delta reversal charts also use the same methodology. The difference is instead of using price to be the determinant of the reversal, delta is used.
  • Heavy Sided This creates a new bar only when a specified volume amount is traded on the bid side or ask side of a Footprint.
  • Price Delta Creates a new bar when the entered delta value is achieved for any price within the current bar.
Here is a link to all the periodicities offered in MarketDelta Charts. Periodicities in MarketDelta

Very nice, thank you. I'd like to explore those more in the next AMA live session.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #19 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,219 received

Trevor,

I'm not sure what this is called exactly so I'll do my best to describe it.

I always want accurate profiles, so I want to use a 1-tick resolution when building the profile data so that value areas, POC's etc are as accurate as possible. I prefer to display my profiles primarily on a daily chart, and for instance on a TPO chart I am using 30-minute TPO's.

What ends up happening with the charting app I am using is that I have to specify a "ticks per bar" so that each bar/plot on the chart isn't super tiny and impossible to read. But with any value greater than 1, the actual value for the VAH/VAL/POC etc end up being not as accurate.

Worse, in other platforms I've used in the past, the accuracy ended up only being down to 1-minute resolution as opposed to my desired resolution of 1-tick.

I hope that makes sense.

Now my question - does MarketDelta have this same problem?

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #20 (permalink)
Elite Member
washington dc
 
Futures Experience: None
Platform: mt
Favorite Futures: eu/us
 
Posts: 17 since Nov 2012
Thanks: 7 given, 12 received

trading room


Hi Trevor,
is the trading room focused on learning strategies alone using Market Delta charts or also general teachings on the market, market theory, profiles and so on..?
What instrument is traded?
Is MD chart needed or we can join the service using other chart package?

Thank you for your time!

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