NexusFi: Find Your Edge


Home Menu

 





footprint NT8 forex


Discussion in NinjaTrader

Updated
      Top Posters
    1. looks_one laurentg with 13 posts (0 thanks)
    2. looks_two rleplae with 8 posts (3 thanks)
    3. looks_3 ThomasK with 6 posts (4 thanks)
    4. looks_4 matthew28 with 1 posts (2 thanks)
    1. trending_up 12,116 views
    2. thumb_up 9 thanks given
    3. group 7 followers
    1. forum 30 posts
    2. attach_file 6 attachments




 
Search this Thread

footprint NT8 forex

  #21 (permalink)
 ThomasK 
Marburg Hesse
 
Experience: Intermediate
Platform: Ninja, Sierra, TradeNav
Broker: Infinity
Trading: Index futures
Posts: 15 since Oct 2016
Thanks Given: 6
Thanks Received: 12


laurentg View Post
yes, that i already know that there is footprint indicator in download section, i need to know if it is adaptded to forex before i go elite to purchase this

I have no real experience with the Footprint indicator I sent you a screen shot of, just played around with it a little bit. There are other footprint indicators available on the internet, even reasonable priced ones. Very often you can have a trial for a week or two, free of charge. I did this with Indicator Mall and Discotrading, both offering good value for the money - IMO. So, do a little bit of market research ....

Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
Trade idea based off three indicators.
Traders Hideout
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
MC PL editor upgrade
MultiCharts
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Exit Strategy
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Just another trading journal: PA, Wyckoff & Trends
34 thanks
Tao te Trade: way of the WLD
24 thanks
Bigger Wins or Fewer Losses?
18 thanks
GFIs1 1 DAX trade per day journal
16 thanks
Vinny E-Mini & Algobox Review TRADE ROOM
13 thanks
  #22 (permalink)
 laurentg 
Herne Belgium
 
Experience: None
Platform: Ninjatrader, metatrader
Trading: spot forex
Posts: 21 since Aug 2017
Thanks Given: 3
Thanks Received: 2


ThomasK View Post
Here you are


Data feed is IQFeed with FXCM only

HI thank you, but seems that i don't have same values as you have, i use trial version of ninjatrader(also fxcm live data). If you see my chart there is only imbalances on bid side, what is not possible. see picture below. What are your settings? And is it not possible that it calculates tickdata on minute bars ?





Started this thread Reply With Quote
  #23 (permalink)
 ThomasK 
Marburg Hesse
 
Experience: Intermediate
Platform: Ninja, Sierra, TradeNav
Broker: Infinity
Trading: Index futures
Posts: 15 since Oct 2016
Thanks Given: 6
Thanks Received: 12



laurentg View Post
HI thank you, but seems that i don't have same values as you have, i use trial version of ninjatrader(also fxcm live data). If you see my chart there is only imbalances on bid side, what is not possible. see picture below. What are your settings? And is it not possible that it calculates tickdata on minute bars ?

Hello laurentg, welcome as a member to the Elite circle.
I can not make any comments on the Kinetick/Ninja data feed as I use DTN IQFeed. IQFeed is the data supplier to Kinetick but i don't know if there are any differences between the two feeds.

"only imbalances on bid side" - as far as I understand you see only transactions of FXCM customers within the FXCM data feed. Under the assumption that the data is correct this would imply that transactions of FXCM customers were carried out at the bid only (agressive selling). According to the last data I have seen (for March 2017) Forex.com is not to be found on the list of the 10 largest Forex brokers (by volume) any longer. Of course, no official data is available for this unregulated market.
For what you want to look at in this market it would be a wise decision to pay $ 25.00 more to get the 'institutional level' feed with FXCM and TenFore data. TenFore has multiple contributors (>30?), so you would get a broader data base of the market. eSignal had a forex data feed with more than 200 contributors, I don 't know if this still available or any good.

"And is it not possible that it calculates tickdata on minute bars ?" Of course it is. You have downloaded and installed the footprint indicator. Go to data series and make your choice, the indicator will adapt automatically.
I have attached a 5m-chart of EURUSD for Friday afternoon.

Attached Thumbnails
Click image for larger version

Name:	20170818 EURUSD 5M.JPG
Views:	320
Size:	619.2 KB
ID:	240366  
Reply With Quote
  #24 (permalink)
 laurentg 
Herne Belgium
 
Experience: None
Platform: Ninjatrader, metatrader
Trading: spot forex
Posts: 21 since Aug 2017
Thanks Given: 3
Thanks Received: 2


ThomasK View Post
Hello laurentg, welcome as a member to the Elite circle.
I can not make any comments on the Kinetick/Ninja data feed as I use DTN IQFeed. IQFeed is the data supplier to Kinetick but i don't know if there are any differences between the two feeds.

"only imbalances on bid side" - as far as I understand you see only transactions of FXCM customers within the FXCM data feed. Under the assumption that the data is correct this would imply that transactions of FXCM customers were carried out at the bid only (agressive selling). According to the last data I have seen (for March 2017) Forex.com is not to be found on the list of the 10 largest Forex brokers (by volume) any longer. Of course, no official data is available for this unregulated market.
For what you want to look at in this market it would be a wise decision to pay $ 25.00 more to get the 'institutional level' feed with FXCM and TenFore data. TenFore has multiple contributors (>30?), so you would get a broader data base of the market. eSignal had a forex data feed with more than 200 contributors, I don 't know if this still available or any good.

"And is it not possible that it calculates tickdata on minute bars ?" Of course it is. You have downloaded and installed the footprint indicator. Go to data series and make your choice, the indicator will adapt automatically.
I have attached a 5m-chart of EURUSD for Friday afternoon.


Thank you so much for your answer it helped a lot, i will check it out for this data feed. As I see on your chart, you also have only agressive selling even on buy candles ? It is just i had demo 1 to 1 with a guy from noft trader, it seems that noft software is more accurate (if you have time you can check there website,noft traders forex alpha), but i don't want to pay 2000 dollars if this indicator does same thing.

Started this thread Reply With Quote
  #25 (permalink)
 ThomasK 
Marburg Hesse
 
Experience: Intermediate
Platform: Ninja, Sierra, TradeNav
Broker: Infinity
Trading: Index futures
Posts: 15 since Oct 2016
Thanks Given: 6
Thanks Received: 12


laurentg View Post
Thank you so much for your answer it helped a lot, i will check it out for this data feed. As I see on your chart, you also have only agressive selling even on buy candles ? It is just i had demo 1 to 1 with a guy from noft trader, it seems that noft software is more accurate (if you have time you can check there website,noft traders forex alpha), but i don't want to pay 2000 dollars if this indicator does same thing.

Hi, laurentg!
I don't think their software is more accurate. If you look at a chart right now you will see way more activity on both sides of the ladder than on Friday afternoon, just before the start of the weekend (TGIF!).
You could book another 1to1 with them (using another email-address?) and have your new indicator running simultaneuosly - so you can cross-check.....

I had a look at their website. It's not only the indicator they are selling, there is a lot of training included as well. Of course I don't have a clue about the quality of this training/course.
I don't know your level of experience with footprint charts, but if you read the relevant threads here on Futures.io ( e.g.) you will realize very soon that without a profound understanding of this sophisticated technique you will not be successful in the markets.

And as always: if something sounds to good to be true - it probably is. So, be careful and do your research on the people offering you something great. Found some interesting infos about them on tradingschools.org. And had a few good laughs reading the more general stuff about Order Flow biz in the more general part of the review. Love the "Kim Kardashian" analogy.... I have seen a lot of this stuff going on during my 40 years in this industry .... I'll just go back to this site and read a bit more about all the Kims and scams and Kardashians - I am quite sure that I will find the one or other vendor I bought some stuff off

Reply With Quote
  #26 (permalink)
 laurentg 
Herne Belgium
 
Experience: None
Platform: Ninjatrader, metatrader
Trading: spot forex
Posts: 21 since Aug 2017
Thanks Given: 3
Thanks Received: 2


ThomasK View Post
Hi, laurentg!
I don't think their software is more accurate. If you look at a chart right now you will see way more activity on both sides of the ladder than on Friday afternoon, just before the start of the weekend (TGIF!).
You could book another 1to1 with them (using another email-address?) and have your new indicator running simultaneuosly - so you can cross-check.....

I had a look at their website. It's not only the indicator they are selling, there is a lot of training included as well. Of course I don't have a clue about the quality of this training/course.
I don't know your level of experience with footprint charts, but if you read the relevant threads here on Futures.io ( e.g.) you will realize very soon that without a profound understanding of this sophisticated technique you will not be successful in the markets.

And as always: if something sounds to good to be true - it probably is. So, be careful and do your research on the people offering you something great. Found some interesting infos about them on tradingschools.org. And had a few good laughs reading the more general stuff about Order Flow biz in the more general part of the review. Love the "Kim Kardashian" analogy.... I have seen a lot of this stuff going on during my 40 years in this industry .... I'll just go back to this site and read a bit more about all the Kims and scams and Kardashians - I am quite sure that I will find the one or other vendor I bought some stuff off


HI, see on my chart still with tickdata of fxcm and not premium, i still have no buyers wich is impossible. May i know what are your setting for this indicator? And i like your custom chart layout, it is much more cleaner then my chart. May i also know you chart layout settings? If i change to 60 minute data my chart is unreadable i tried to adjust it many times do you have same problem ?






Regards( sorry for al those questions btw )

Started this thread Reply With Quote
  #27 (permalink)
 ThomasK 
Marburg Hesse
 
Experience: Intermediate
Platform: Ninja, Sierra, TradeNav
Broker: Infinity
Trading: Index futures
Posts: 15 since Oct 2016
Thanks Given: 6
Thanks Received: 12


laurentg View Post
HI, see on my chart still with tickdata of fxcm and not premium, i still have no buyers wich is impossible. May i know what are your setting for this indicator? And i like your custom chart layout, it is much more cleaner then my chart. May i also know you chart layout settings? If i change to 60 minute data my chart is unreadable i tried to adjust it many times do you have same problem ?



Regards( sorry for al those questions btw )

Hi again!
Chart is exactly the same regardless if I use IQFeed or the Kinetick feed. But another Buy/Sell-Pressure indicator showed positive max. delta even on bars where the footprint indicator did not show anything on the ask side....
Finally, I went on trial with gomicators.com what I had planned to do anyway and tadaaaaa



Apparently, the data is not read correctly by the 'Footprint for NT8'. I have used it with future contracts without any problems and I like the clear layout very much. You should inform the author mk77ch about this, probably he will fix it. This does not explain at all, why you have not the same data as I have....

BTW, have you seen this here - may be you can get in contact with this member for additional info about noft....


And here are my settings for the footprint indicator


Good luck with your trading, laurentg!

Reply With Quote
Thanked by:
  #28 (permalink)
 laurentg 
Herne Belgium
 
Experience: None
Platform: Ninjatrader, metatrader
Trading: spot forex
Posts: 21 since Aug 2017
Thanks Given: 3
Thanks Received: 2


ThomasK View Post
Hi again!
Chart is exactly the same regardless if I use IQFeed or the Kinetick feed. But another Buy/Sell-Pressure indicator showed positive max. delta even on bars where the footprint indicator did not show anything on the ask side....
Finally, I went on trial with gomicators.com what I had planned to do anyway and tadaaaaa



Apparently, the data is not read correctly by the 'Footprint for NT8'. I have used it with future contracts without any problems and I like the clear layout very much. You should inform the author mk77ch about this, probably he will fix it. This does not explain at all, why you have not the same data as I have....

BTW, have you seen this here - may be you can get in contact with this member for additional info about noft....


And here are my settings for the footprint indicator


Good luck with your trading, laurentg!

Wow nice that is what i'm lucking for!. Ive downloaded orderflow trial and installed it in ninja trader, for poeple who are following this thread. You have to set ticks per price level to 10 if you want to see imbalances (and not turn aggregated levels on)

Started this thread Reply With Quote
  #29 (permalink)
 davethetrade 
Gothenburg
 
Experience: Advanced
Platform: DAS Trader Pro
Trading: Nasdaq Stocks, no futures
Posts: 52 since Mar 2016
Thanks Given: 31
Thanks Received: 18

Hey Laurentg,

I saw you been looking into Noft software? I was looking into that in the past too, i never bought it. But, my conclusion is that, those stacked imbalance zones that they are talking about is really just zones in the past where bid size (buy) has been 3 times grather then ask size (sell) and vice verse. At least it seem to me.

You can easily see that yourself on a normal much cheaper footprintchart, like the gomi that you seem to try Try to find these zones yourself on that instead
Good luck

Dave.

Reply With Quote
  #30 (permalink)
 
Giamsterdam's Avatar
 Giamsterdam 
Amsterdam
 
Experience: Beginner
Platform: Sierra Charts
Broker: AMP
Trading: ES
Posts: 83 since Jan 2018
Thanks Given: 121
Thanks Received: 84


Little bit old thread, but I'll give it a go. From what I understood you can't see the difference between bids and asks coming in on forex just the total volume. Which still can be usefull offcourse.

What is name the footprint ladder you were using?



ThomasK View Post
Hello laurentg, welcome as a member to the Elite circle.
I can not make any comments on the Kinetick/Ninja data feed as I use DTN IQFeed. IQFeed is the data supplier to Kinetick but i don't know if there are any differences between the two feeds.

"only imbalances on bid side" - as far as I understand you see only transactions of FXCM customers within the FXCM data feed. Under the assumption that the data is correct this would imply that transactions of FXCM customers were carried out at the bid only (agressive selling). According to the last data I have seen (for March 2017) Forex.com is not to be found on the list of the 10 largest Forex brokers (by volume) any longer. Of course, no official data is available for this unregulated market.
For what you want to look at in this market it would be a wise decision to pay $ 25.00 more to get the 'institutional level' feed with FXCM and TenFore data. TenFore has multiple contributors (>30?), so you would get a broader data base of the market. eSignal had a forex data feed with more than 200 contributors, I don 't know if this still available or any good.

"And is it not possible that it calculates tickdata on minute bars ?" Of course it is. You have downloaded and installed the footprint indicator. Go to data series and make your choice, the indicator will adapt automatically.
I have attached a 5m-chart of EURUSD for Friday afternoon.


Reply With Quote




Last Updated on February 12, 2023


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts