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What is your experience with TickStrike? (sound of the market) www.tickstrike.com


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What is your experience with TickStrike? (sound of the market) www.tickstrike.com

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  #1 (permalink)
Switzerland
 
Experience: Advanced
Platform: ninja trader CQG Trader
Broker: Kinetick, IB
Trading: NQ DAX CL
 
Posts: 153 since Nov 2010
Thanks: 967 given, 122 received

I must admit that the idea of having a kind of sound of the order flow is not so bad I am testing 1 instrument CL and I tested also ES NQ YM TF and I have to admit that for intraday trading is not so bad.
I would appreciate the comment of other user if there are. I include the link of a webinar on trading pub and the web page oftick strike
http://www.youtube.com/watch?v=9r7GeeNGegA
http://tickstrike.com/
Thanks for any comments

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  #3 (permalink)
Italy, Europe
 
Experience: Intermediate
Platform: Sierra charts
Trading: Dax, Bund, 6E, currencies
 
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Posts: 16 since Jan 2012
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rcabri View Post
I must admit that the idea of having a kind of sound of the order flow is not so bad I am testing 1 instrument CL and I tested also ES NQ YM TF and I have to admit that for intraday trading is not so bad.
I would appreciate the comment of other user if there are. I include the link of a webinar on trading pub and the web page oftick strike
Using Order Flow to Trade Breakouts by tickstrike- October 30 - YouTube
tickStrike | the audio market tape reader
Thanks for any comments

Probably could be a nice tool for scalpers, but personally my brain can't process more informations than those coming from charts and I 'm afraid it would only add extra doubts. During the years my tendency has been toward a constant strive to simplify decision processes. But I am sure it can suit other trading styles

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  #4 (permalink)
Market Wizard
west palm beach florida usa
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: Cl, TF
 
Posts: 945 since Oct 2011
Thanks: 942 given, 4,258 received

I've been using tick strike for about 5 weeks now..the first week being the free trial. It actually works very well in my opinion. When the ticks start really sounding and you get to the higher levels on the visual meter, you can often see some strong price follow through. If the ticking is fairly continuous, it can help one stay in a trade longer.

Overall, a pretty good tool for capturing strong moves . I can't vouch for it on other instruments..since my subscription is only for one instrument which is Cl.

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  #5 (permalink)
Zurich, Switzerland
 
Experience: Intermediate
Platform: Ninja, CTS, TOS
Trading: ES, TF, CL, NQ, GC
 
Otterly's Avatar
 
Posts: 130 since Aug 2011
Thanks: 250 given, 57 received

Iīm currently doing a trial of TickStrike.

I was using only one instrument at first, CL. After a few days of using it I felt there was what can only be described as "lag" and if not lag, then an "insensitivity" issue. What I mean is that it just does not seem to react in time with order flow changes, if its not lagging a little bit late then it seems that it is certainly not sensitive enough to the order flow changes in the CL market. Donīt get me wrong, the lag/in-sensitivity is minimal, but I do trade using order flow and it certainly doesnīt seem in sync to me.

I wonder if anyone else experiences/thinks the same? If not maybe it is my connection to their server, but that always has a quality of A, and now and again B. Their built in tester confirms my connection is OK, and on the good side, so I do not think this is the issue.

This made me think to try it on another instrument to see if the same issue was there, so I signed up to test GC too. It certainly does seem more closely matched to the order flow of GC than CL, I have only had GC on a few hours though but it seems to be more in sync. Why is this I wonder?

The principle seems great, but as for actually seeing any real use, not too sure as yet. It is certainly OK for alerting of an instrument which starts to move, but as for accurately depicting order-flow, not convinced at all.

I would like to see some way of being able to adjust the sensitivity at user end - Not sure this is possible because currently TickStrike say that it learns based on market behavior, but my (limited) experience so far is that is it not closely in tune so needs tweaking at their end - Especially for someone who wants to trade London and US session of CL, it would need to have user end settings !

Regarding customer service, I had to send some mails and got very prompt and competent replies. Certainly no issues on that score - I will however be pointing out my issues as outlined in this post, so I wonder what their response will be - I will report back.

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  #6 (permalink)
Market Wizard
west palm beach florida usa
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: Cl, TF
 
Posts: 945 since Oct 2011
Thanks: 942 given, 4,258 received


Otterly View Post
Iīm currently doing a trial of TickStrike.

I was using only one instrument at first, CL. After a few days of using it I felt there was what can only be described as "lag" and if not lag, then an "insensitivity" issue. What I mean is that it just does not seem to react in time with order flow changes, if its not lagging a little bit late then it seems that it is certainly not sensitive enough to the order flow changes in the CL market. Donīt get me wrong, the lag/in-sensitivity is minimal, but I do trade using order flow and it certainly doesnīt seem in sync to me.

I wonder if anyone else experiences/thinks the same? If not maybe it is my connection to their server, but that always has a quality of A, and now and again B. Their built in tester confirms my connection is OK, and on the good side, so I do not think this is the issue.

This made me think to try it on another instrument to see if the same issue was there, so I signed up to test GC too. It certainly does seem more closely matched to the order flow of GC than CL, I have only had GC on a few hours though but it seems to be more in sync. Why is this I wonder?

The principle seems great, but as for actually seeing any real use, not too sure as yet. It is certainly OK for alerting of an instrument which starts to move, but as for accurately depicting order-flow, not convinced at all.

I would like to see some way of being able to adjust the sensitivity at user end - Not sure this is possible because currently TickStrike say that it learns based on market behavior, but my (limited) experience so far is that is it not closely in tune so needs tweaking at their end - Especially for someone who wants to trade London and US session of CL, it would need to have user end settings !

Regarding customer service, I had to send some mails and got very prompt and competent replies. Certainly no issues on that score - I will however be pointing out my issues as outlined in this post, so I wonder what their response will be - I will report back.

Personally, I haven't noticed much lag. I use it for Gold and CL. When order flow starts to change, I usually see 1 bar on the meter with a slow tick cadence..then when I get up to level 4 or 5 on the meter and rapid steady ticking.. I generally see some real follow through on the moves. When a real breakout starts to happen..often the whole meter lights up and the ticking sounds like a machine gun. I found this to be a great confirmation tool. If there is lag, it hasn't really bothered me.

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  #7 (permalink)
Market Wizard
west palm beach florida usa
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: Cl, TF
 
Posts: 945 since Oct 2011
Thanks: 942 given, 4,258 received

I think the sweet spot for the beginning of a move is about 2 to 3 bars on the meter with some rapid ticking. By the time you're up to 4 to 5 bars, the move is already under way.

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  #8 (permalink)
Zurich, Switzerland
 
Experience: Intermediate
Platform: Ninja, CTS, TOS
Trading: ES, TF, CL, NQ, GC
 
Otterly's Avatar
 
Posts: 130 since Aug 2011
Thanks: 250 given, 57 received


Otterly View Post

Regarding customer service, I had to send some mails and got very prompt and competent replies. Certainly no issues on that score - I will however be pointing out my issues as outlined in this post, so I wonder what their response will be - I will report back.

I emailed them and they replied with a comprehensive answer. They confirmed that others have mentioned the lag which can occur at certain times, theyīve given a very reasonable explanation about why this is. They have also said they are working on a setting that will allow the user to change sensitivity, this should overcome the issue.

As I suspected (and hoped!) it is not "lag", the issue seems to be in the sensitivity which they are careful to tune to stop giving "too many alerts"...

Iīm very comfortable with this company, and how they have communicated with me. I really like the product idea, I look forward to the new release. Without doubt this will be great for many people.

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  #9 (permalink)
Reno, Nevada
 
Experience: Advanced
Platform: NinjaTrader
Trading: ZN, ZB, CL
 
phantomtrader's Avatar
 
Posts: 313 since May 2011
Thanks: 69 given, 507 received

I took a trial of TickStrike. It's very interesting. Only have it for a day so far, but I can see where it might be useful. Certainly saves your eyesight because you're not watching Time & Sales going blind. I think the key is to identify a few patterns that might be useful but I'm sure it would take some time to do this. Good concept though.

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  #10 (permalink)
Oregon
 
Experience: Beginner
Platform: Sierra Chart
Trading: ES
 
Stillgreen's Avatar
 
Posts: 191 since May 2014
Thanks: 342 given, 245 received


This website
FinancialJuice | Your Financial Universe In One Place & In Real-Time

has a free, simplified version of TickStrike, only for ES. If someone here has the full version, could you compare them and tell if this free version is accurate ?

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August 3, 2016


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