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Best of the Best Order Flow Analysis add-on for Ninjatrader 8 x64(and for Motivewave)
Motivewave seems to have some respect around here.
So for sure Motivewave could be the best option for YOU.
But then, for sure Motivewave could be the worst option for YOU. In fact you might absolutely hate it and loath the fact you blew good money on it.
It was no accident I fully capitalized YOU twice above, because it is more about YOU than the software.
The most helpful tips that come to mind to offer up ...
From my own experiences my advice is...
For the highest probability of a very successful purchase:
The way the question is written you you may have the cart running out a little bit in front of the horse. Grab any 20 "Order Flow" software products and you will find at last 15 significant products with significantly different design goals and features.
Out of that 20 options the BEST software product for YOU, the one you will be most successful will be limited to two or three maybe only "good" software products that are best designed to meet YOUR specific Order Flow trading objectives.
With more definition of your needs Order Flow could mean many different things so yes maybe MotiveWave, but also maybe Jigsaw, or Bookmap or even straight off the shelf NinjaTrader full license, or...
Is there more you can tell us about the areas of Order Flow analysis and trading you want to target with with this new software purchase so we will provide more valuable answers?
And do you have Data provider constraints?
Have you picked a Broker? Do you see yourself as constrained to specific Broker for this trading activity?
I want to purchase one and only best of the best and most accurate Order Flow Analysis technical analysis tools. e.g. I'm looking to have: OFA Probe and Rotation Bars
OFA Minute-Based Bars
OFA Second-Based Bars
OFA Volume-Based Bars
OFA Tick-Based Bars
Dynamic Volume Cluster Analysis
Order Flow / Structure Chart Toggle
Order Flow Volume Print
Order Flow Bid and Offer Alerts
Toxic Order Flow Sequence Alerts
Order Flow Exhaustion Markers
Net Delta / COT numbers
Best Bid/Offer Highlight
Last Price Highlight
Zero Print Filter
Decision Point Profiles Range Profiles
Swing Profiles
Fixed Bar Width Live Profiles
Right & Left Margin Alignment
Dynamic Neutral/Buy/Sell Color Logic
Adjustable Value Area Calculation
Adjustable Cluster Area Calculation
CWAP Indicator
Value Area Lines
Cluster Area Lines VPOC Line VWAP Line
VWAP History Line Standard Deviation Lines
Custom OFA Bars – Probe & Rotation & Time-Based
Bid/Ask Print Alerts and Print Sequence Alerts
CWAP and VWAP Indicators
Dynamic Drag & Drop Profiling with OFA variables
I prefer to use data provided from a broker with accurate 'Bid/Ask/Trade Volume' + Tick data?
Do you believe the independent data providers like IQfeeds have higher accuracy data than either of these brokers IB>Dukascopy> SAXO> TD-Ameritrade?
I prefer to use IB>Dukascopy> SAXO> TD-Ameritrade in priorities as shown.
I prefer something for all or either of my platforms as below: Ninjatrader 8 x64, Motivewave Ultimate, Multicharts 14 +ASP
Are these kindly clear or do you need any information further, please?
Thanks. I get what do you mean. But even, for your example, the best-valued car for the price in my standards exists, for the car, if someone asks what is the best of the best coupe car for everyday life, by my standards I can say BMW M4 Coupe Competition is the best of the best.
For a best of the best supercar, Ferrari 488 Pista+Spider,... F8(2021),...
For the best of the best motorbike, BMW Heritage R nineT Scrambler
I wanted to say, best quality for the money provides the highest brand with reputation, trust, quality and performance exists.
While this in mind, I'm looking for the best of the best and most accurate Order Flow Analysis for Technical Analysis, there shall be a solution for this exists and I'm sure professional traders will know how to measure the most accurate Order Flow by the best of the best Technical Analysis tools?
Also if in TA there isn't one best of the best Order Flow Analysis tool, there may be two tools that can be used simultaneously to get the whole procedure done? Thus the answer could be two tools used simultaneously if and only if there isn't one single best of the best Order Flow Analysis created ever in singularity, only as there is not a single individual tool that can do the job done in perfection if you know what I mean?
Yep, but the problem is, each trader wants different things, let's say for trader1 is Bookmap the best orderflow-tool, the next will say, oh Jigsaw is way better, now we have talked about 2 orderflow-tools (and there are a lot more out there) and nobody can say which is the best of this 2 tools.
Thanks. If the Jigsaw and Bookmap are by themselves the best of the best two combination tools of the best for order flow analysis, they cost 2299USD and 1999USD accordingly. After purchasing these, if I purchase these, I'm not sure if I would be needed to purchase any add-on with these or not?
Also, will it be worth paying 4298USD to these two, if they are the best combinative tools of the best for Order Flow Analysis in the market for FX trading?
And how do you compare these to AlgoX for NT8 and Motivewave-Ultimate? Is the AlgoX on these platforms are lower than the Jigsaw+Bookmap combination?
And are these the highest of the high Order Flow Analysis tools in the market for FX trading?
No, no, I don't want to say these 2 are the best of the best, I just used 2 known products. I personal use BM + the MBO add-on, because I can see where important ice-bergs and stops are, but this is just me and each trader is individual. I don't know the products you mentioned above, so I cannot say anything about 'em. What I want to say, you have to try them out and find the software which matches your personal needs, I guess nobody else can help you with that.
One thing you have not mentioned is what you know and have used for order flow trading. Are you experienced with this type of trading, or just starting out with some experience, or inexperienced and wanting to try it?
If you have some experience with it, what aspects and features have worked for you and what have not? What features are you looking to use, and on what basis?
I know you gave a long list of what you want, but what is this list based on?
I am not an order flow trader, but I think that @tr8er has asked you the right questions. I do not think any product of any type is "the best of the best" -- just that some will fit some traders better than others.
I do not get the feeling from your posts that you have much experience with these types of tools. If I am wrong, fine, tell us what you have used and why you are looking for something else. If I am right, then I think you should try different order flow tools and see what you think of them. You could look for free trials or you could look for trading platforms that have order flow built in (and get a free trial for them), just so you can increase your experience and understanding of order flow and of some of its variations.
In other words, don't ask for the best of the best. Who knows what that will be for a particular trader? Get some experience under your belt, and then either make some choices based on what you yourself have found, or come back and ask different questions, based on more knowledge of what's out there. And if you do have some experience, what is it?
It sounds like you are just willing to spend a lot of money on what someone tells you is the "best." But this can become an expensive mistake.
I hope you take this to heart and do your research before buying.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
Thanks. It was insightful. Regarding the order Flow Analysis concept, I saw these techniques and tools on institutional trading platforms(developed in-house). What I listed above was part of what I saw on institutional platforms were developed in house, thus there weren't purchasable. And this list isn't near to complete as the features and characteristics for successful Order Flow analysis are more than these.
The NT8, MotiveWave-Ultimate and Multicharts 14 +ASP was the top platforms that I have ever seen in the market, I thought there may be some add-on's developed for these that can do the Order Flow Analysis professionally, and I thought it may be better to purchase a high-quality add-on than purchasing another platform like Jigsaw for this purpose?
My analysis for Order Flow is for FX trading, whether Algorithmic trading or Manual trading is sophisticated and I need to analyse the Fundamentals, Sentiment and Technical for it.
As for TA, I need to do the accurate candlestick analysis, as part of the estimations, and this includes Volume and Order Flow Analysis as well.
I do have 'Multicharts 14 +ASP', it has some Volume and Order Flow Analysis tools, Volume Profile, Cumulative Delta, Volume Delta, TPO, etc tools. Thus I have a working knowledge of these Volume + Order Flow tools in practice.
The Order Flow is sophisticated and it's like Volume Analysis individually and Order Flow is in relation to Volume Analysis for me. I need to be able to see the accurate Order's Flow in the market to help me make better trading decisions. If you ask me what exactly do I need it for, I shall say I need it for increasing my trades accuracy by showing me the flow in the market?
It's sophisticated. For every trade, some aspects may work and some not, there wasn't a Cliché criterion for me in trading. I'm looking for an Order Flow analysis tool that highlights some candles accurately to give me accurate insight. Whether Algorithmic trading or manual trading, to give me insight into what is the actual Order's Flow inside the pattern of candles e.g. where could be an estimated reversal?
The list shows the minimum technical tools required for accurate Order Flow Analysis but it's not the Optimum and never a Maximum list. The list shows what I need to have at a minimum to do the accurate Order Flow Analysis accurately in nutshell?
I used personally Multicharts 14 +ASP(I purchased a lifetime license) but this Order Flow Analysis is far from complete. I saw institutional traders tools are more complete and they were developed in-house. I want something in the Technical Analysis market to be on par with them? The reputable developer's team's product developed with an accurate measure for Order Flow analysis that delivers Quality and Performance is my expected choice?
Do you have any suggestions on these Platforms, please advise?
Finding patterns in Volume and Order's, Finding hidden Stop and Iceberg locations and highlight these as a pattern to provide insight for trading whether Algorithmic or Manual?
To summarize my point of view, I can't expect that what I need have been found in perfection, but the list I mentioned in my second post is the list of minimum expectations of a tool that shall meet my high expectation and standards to provide high Quality and Performance in real-time or near to real-time trading?
e.g. Having pattern highlighting such as Doji or Engulfing will add insight into my technical analysis while if these tools exist in the trading platform, and every Order Flow analysis has its own insight, but my minimum expectation is that list mentioned in my second post, as I expect these shall be addressed at least but not last as this list is not optimum and never maximum, if you know what I mean?
I'm willing to pay for Quality and Performance if such a tool meet my standards and criteria, please advise?
