Is there any platform that powerful and available to the general public? - futures io
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Is there any platform that powerful and available to the general public?


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Is there any platform that powerful and available to the general public?

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  #21 (permalink)
Cornbeefsoup
Jersey City + New Jersey, United States
 
 
Posts: 10 since Apr 2020
Thanks: 5 given, 40 received

The platform is Sierra Chart but what you're seeing is a custom study that is proprietary to EDGE Trading Group. It is not available for download (I asked the owner) but only available for viewing via live stream.

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  #22 (permalink)
 matteo83 
San Escobar
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Denali/Rythmic
Trading: Futures & options
 
Posts: 68 since Apr 2020
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Cornbeefsoup View Post
The platform is Sierra Chart but what you're seeing is a custom study that is proprietary to EDGE Trading Group. It is not available for download (I asked the owner) but only available for viewing via live stream.

Yep, I know. But the stream really sucks, especially while watching from other continent. Also no history to backtest some concepts and some of them look like total BS.

So I'm looking for alternatives

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  #23 (permalink)
 SBtrader82 
Market Wizard
Rovigo (ITALY)
 
Experience: Intermediate
Platform: SierraChart, MotiveWave
Broker: Rithmic, Dorman, Interactive Brokers
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matzero View Post
I've used bookmap for a long time. But later found better solutions

Bookmap is not even close in terms of usability of provided information. The only thing they are good at is marketing. And their support... one of the worst experiences in the industry

ie now I can see icebergs, know if it was bid or ask iceberg, exact price, how large it was, if it was filled fully or partially, how much was reloaded and the most important IF IT'S STILL THERE waiting to be filled

Second thing is visualisation of large orders. If large order hits the market and takes several levels of liquidity to fill I will see it as it was placed, ie I will see if someone hit the bid with 1000 contracts order. I see order ID, size and exact position of that large player. Bookmap in such case will insist it detected iceberg whitch is totall bs. Or it will show nothing because it can't track single large orders

Third thing: HFT activity. Guys from bookmap sell the story that they developed it to monitor HFT activities. Yet it's just an ordinary heatmap and contains ZERO of visual aids to help you show what the HFT's are doing. I use QuantPrint tool for that and if you are interested you can google it and see it's possibilities, you can use it to show multiple kinds of hft activity and when exactly this activity changes. It can even track cross-market market making correlations

Compared to that tools bookmap is just a nice looking heatmap. And you probably know that now you can configure Sierra Chart to show very similar looking heatmap completely for free

@matzero I have never used neither Bookmap nor any kind of heatmap and I am currently wondering if I should dive into this style of trading that looks so much into orderflow. Can I ask you what is your timeframe? are you a pure scalper or do you think that these tools might also be useful for longer time trades?
Also can I ask you if you already reached profitability or if you are still developping your trading style?

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