Order Flow Analytics' D.B. Vaello (President) - Ask Me Anything (AMA) - Trading Reviews and Vendors | futures io social day trading
futures io futures trading


Order Flow Analytics' D.B. Vaello (President) - Ask Me Anything (AMA)
Updated: Views / Replies:41,338 / 118
Created: by Big Mike Attachments:4

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 4  
 
Thread Tools Search this Thread
 

Order Flow Analytics' D.B. Vaello (President) - Ask Me Anything (AMA)

  #111 (permalink)
Elite Member
Canada
 
Futures Experience: Advanced
Platform: Sierra Chart
Favorite Futures: ES,6E
 
marcovth's Avatar
 
Posts: 25 since Jun 2010
Thanks: 1 given, 27 received


futuretrader View Post
Re your question, the usual explanation is that aggressive buyers (eg) met much bigger passive sellers. So the positive delta piles up until they are finally exhausted, and then there's no one significant left to buy. So price drops easily on 'normal' delta. This can obviously happen over several price levels (and throughout the day).

But there is also a lot of hedging going on in futures, and that is non-directional.

Just a quick brain storm ...

Did some one try to split the volume into cumulative delta bars where the price moved in the expected direction vs cumulative delta bars where the price did not move in the expected direction? Would this be the same as cumulative delta Uptick/DownTick?

Technical Studies Reference - Sierra Chart

Reply With Quote
The following user says Thank You to marcovth for this post:
 
  #112 (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, 83,169 received

Moderator Note


This is an AMA thread -- a means to ask questions directly to a specified person. This is not a vendor review thread or a general order flow thread.

Please direct questions to DB Vaello of OrderFlowAnalytics if you are posting in this thread. Otherwise, you should be using a different thread to post reviews of the software/services, or talk about OFA in general.




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
The following user says Thank You to Big Mike for this post:
 
  #113 (permalink)
 Vendor: orderflowanalytics.com 
San Antonio, TX, USA
 
Futures Experience: Advanced
Platform: OFA, Ninja, eSignal, R-Trader
Broker/Data: Dorman/ZenFire + IQfeed + eSignal
Favorite Futures: ES, 6E, 6B
 
OrderFlowAnalytics's Avatar
 
Posts: 53 since Dec 2010
Thanks: 17 given, 75 received

Catching up with BMT


Hello all,

I haven't stopped by in a while and thought I would catch up with everyone. I don't see any new posts - but if you have questions please do not hesitate to ask. We have a training event coming up later this month and still have weekly free webinars which are recorded can be viewed in our forum or on the YouTube.

Hope the holidays treated you well and the new year is prosperous for all!

DB

If you have any questions about the products or services provided by Order Flow Analytics, please send me a Private Message or use the BMT "Ask Me Anything" thread.
Reply With Quote
The following user says Thank You to OrderFlowAnalytics for this post:
 
  #114 (permalink)
Elite Member
London + UK
 
Futures Experience: Advanced
Platform: Proprietary Analytics
Broker/Data: Multiple broker + Multiple feed
Favorite Futures: Currently European and US equities
 
sands's Avatar
 
Posts: 432 since Dec 2013
Thanks: 223 given, 205 received

Hi DB, How's it going?

Three points I'm hoping you can help with DB.

I'm looking at reviewing your tools, can you advise me on the best way to demo your full functionality.

Secondly, I'm planning on using a CQG feed for live/hist data, on your website you mention this is supported for back-filling hist data, however based on uptick/downtick. My question is how this differs from using IQFeed as the OFA datasource. Note: As I may add a secondary IQFeed but want to asses the benefits against the cost (e.g., whether CQG will do).

Finally, how do the NT8 changes impact you, are you working with the vendor already, or where does this fit into your plans going forward? This hopefully will cover some of the historical data access issues a lot of people have found in the past for order flow based tools and open your product up to a wider list of users with non standard data setups.

Let me know your thoughts on these questions and if you can assist in getting me setup for a trial.

Thanks,

Sand.

Reply With Quote
The following user says Thank You to sands for this post:
 
  #115 (permalink)
 Vendor: orderflowanalytics.com 
San Antonio, TX, USA
 
Futures Experience: Advanced
Platform: OFA, Ninja, eSignal, R-Trader
Broker/Data: Dorman/ZenFire + IQfeed + eSignal
Favorite Futures: ES, 6E, 6B
 
OrderFlowAnalytics's Avatar
 
Posts: 53 since Dec 2010
Thanks: 17 given, 75 received


sands View Post
Three points I'm hoping you can help with DB.

I'm looking at reviewing your tools, can you advise me on the best way to demo your full functionality.

Secondly, I'm planning on using a CQG feed for live/hist data, on your website you mention this is supported for back-filling hist data, however based on uptick/downtick. My question is how this differs from using IQFeed as the OFA datasource. Note: As I may add a secondary IQFeed but want to asses the benefits against the cost (e.g., whether CQG will do).

Finally, how do the NT8 changes impact you, are you working with the vendor already, or where does this fit into your plans going forward? This hopefully will cover some of the historical data access issues a lot of people have found in the past for order flow based tools and open your product up to a wider list of users with non standard data setups.

Let me know your thoughts on these questions and if you can assist in getting me setup for a trial.

Thanks,

Sand.

Hello Sands,

1. We have a free version of OFA for you to mess with. It's not a trial - it's just free. That saves both of us a lot of time and agony.
2. Uptick/Downtick is a generic (and faulted) process. It assumes every uptick exchange occurs at the offer and every downtick occurs at the bid. It's just not the case. Is it the end of the world? Not really. The data is close to accurate. The bottom line, there will be differences in what you see historically. Some people cannot stand the idea of inaccuracies - others are less interested in quantifiable results.
3. All of Ninja's partners are waiting for instructions regarding NT8. Since Ninja is relatively dependent on their developer community to continue adding value to the platform, I would assume they have a strategic roll-out process for us. All discussions I've had with them back this up. We obviously hope that the historical bid/ask/last issue is resolved in NT8 but have yet to see anything more than you have. My assumption is we will be ready. 99.9% of that depends on how the release is handled.

You can register for the free version of OFA here: OFA/FREE

DB

If you have any questions about the products or services provided by Order Flow Analytics, please send me a Private Message or use the BMT "Ask Me Anything" thread.
Reply With Quote
The following user says Thank You to OrderFlowAnalytics for this post:
 
  #116 (permalink)
Elite Member
new york, ny/usa
 
Futures Experience: Beginner
Platform: nt
Favorite Futures: futures
 
Posts: 127 since May 2012
Thanks: 32 given, 49 received


marcovth View Post
Hello ...

I have been watching a number of DB's video, and I figured I could try to program some of the information he presented into Sierracharts.

He are some screenshots of what I came up with.

1.) The chart displays a minimum 6 tick directional move "Probe" (High-Low>6ticks) and a 3 tick reversal before a new bar is printed. The chart is build up from 1 sec time candles.

2.) Instead of the traditional same-price-level Ask-Bid delta which doesn't makes sense to DB, the colors of the markers were selected by calculating the average of the Diagonal Ask-Bid deltas within the last 20 bars.

- Diagonal Delta = current price AskVol - one price level low BidVol.
- Add up all the abs(Diagonal delta's) for each price level per bar for the last 20 bars, and make an average.
- If the abs(Diagonal deltas)>2xAvg, the color is Purple or Pink depending wether the delta is positive or negative.
- If the abs(Diagonal deltas)>1xAvg, the color goes from dark green/red to green/red.
- If the abs(Diagonal deltas)<1xAvg, the color goes from light green/red to white.

3.) If you see a triangle up, the Diagonal delta was positive, meaning more buying than selling pressure. Reverse for triangle down.

4.) If you see a greenish/purple square, this means the was more selling pressure than buying pressure BUT the price went up anyway, and a lot of traders are trapped.

5.) If you see a reddish/pink square, this means the was more buying pressure than selling pressure BUT the price went down anyway, and a lot of traders are trapped.

BTW, I still can't figure out how that works? You have more trades pushing in one direction than the other, but price goes opposite anyway ???

* DB likes Diagonal Ask/Bid ratio's, but personally I prefer to color by Diagonal Ask-Bid delta values.

6.) In blue is the highest volume Cluster, which is not the same as the highest volume price.

7.) The green and red zones are constructed by extending 3 consecutive volume clusters until they are taken out.

8.) The blue and gold zones are constructed by extending 2 consecutive volume clusters until they are taken out.

It's the first time I saw these zones last weekend, and it seems they display good support and resistance levels.
It's also interesting to see what the reaction is when they get broken.


Oil CL Futures ...
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Oil CL Futures 2...
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Gold Futures ...
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


ES
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


6E Euro
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



It needs a bit more programming, but I will use these candles in combination with cumulative delta candles and the method taught by Fulcrumtader.

Wow, very nice tool. Are you willing to share your indicator with others? Very cool what you've done here.

Reply With Quote
The following user says Thank You to jngrim for this post:
 
  #117 (permalink)
Elite Member
toronto
 
Futures Experience: Intermediate
Platform: metatrader
Favorite Futures: forex
 
Posts: 22 since Oct 2013
Thanks: 0 given, 29 received

Question 1)

To anyone who knows the answer

Are they still offering a free or trial version of the software? I keep trying to find the download link but have been unable to.
The free version link
orderflowanalytics.com/english/index.php/software/ofa-free

it keeps redirecting me to this annoying advertisement. http://www.orderflowanalytics.com/north-star

Is the free trial discontinued or is it a problem with their website's links.


Thanks

http://www.orderflowanalytics.com/north-star


Question 2)

Good day Mr Vaello,

I am intrigued by OrderFlowAnalytics but I have one question.

From my experience, one of the things that makes the market tough is that the waves (one can call them "dominant cycles") are constantly changing. Two downtrends (or two uptrends) never look the same. They always differ in their momentum, their smoothness, the amplitude of the peaks and valleys etc. While this is obvious, it is precisely this problem that makes indicators so useless. Because no particular period/setting can encompass the countless permutations of the market. Hence I generally prefer to use indicators or techniques that do not rely on an input from the user. If I have to define the period, smoothing, or any other parameter, the indicator is usually of little value for me.

So my question is whether OrderflowAnalytics is in the same boat?

I've watched the presentations you gave and your explanation of the ranking of the momentum (green/red, blue and white). Without probing into the firms propriety algos, I was just curious as to whether this ranking (based on some threshold being met) is just another input like every other indicator which rely on some arbitrary "look back" period in order to draw conclusions.

People use a 200 period SMA for no particular reason (presumably because it is "widely watched"). But the 200 period SMA (like any other number used for the SMA) will work sometimes and not work other times.

I dont know much about orderflow so I was curious as to whether order flow lends itself better to quantification than period-based indicators which measure the behavior of a defined number of candles in the past.

Is it the same for orderflows ranking system? In other words is order-flow unique in the sense that one can more robustly define what is "Normal" and what is "above normal", or is the momentum-of-orderflow just another slippery ether that is impossible to objectively quantify in terms of normal vs abnormal.


Last edited by Sufyan; February 13th, 2015 at 12:15 PM.
Reply With Quote
The following 2 users say Thank You to Sufyan for this post:
 
  #118 (permalink)
Elite Member
Buenos Aires Argentina
 
Futures Experience: Advanced
Platform: NT, MT4, Sierra
Favorite Futures: S&P, Bonds, Crude, FX
 
Posts: 250 since Sep 2014
Thanks: 37 given, 239 received

DB, are there any plans on making the OFA software compatible with the Sierra Charts platform or are the current plans to keep it just on the Ninja Platform for the foreseeable future?

If the plans are to just stay on the Ninja platform, is it because A) there's no customer interest for it to be on Sierra, B) the cost of maintaining it on SC because up their more frequent updates, or C) the cost to be able to re-code to make it compatible with the SC platform?

If the issue is cost, how large of a project would it be to re-code and would you have any interest in the conversion if that R&D were funded by an outside party? Thanks.

Thanks.

Reply With Quote
 
  #119 (permalink)
Elite Member
Bangkok thailand
 
Futures Experience: Advanced
Platform: Multicharts, ninjatrader, tradestation, fxcm
Favorite Futures: Es forex
 
Posts: 116 since Jan 2015
Thanks: 128 given, 59 received

I would be interested to know what DB and bigmike think of this:
Trading Bonds with Chip ColeTrading Bonds with Chip Cole
please read this blurb. $2500 for a course. NO broker statements shown.

I wonder if it fits with the statement in the first post of this thread about "certified trustworthy"

Reply With Quote

Reply



futures io > > > Order Flow Analytics' D.B. Vaello (President) - Ask Me Anything (AMA)

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

Dec 7

Linda Bradford Raschke: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Order Flow Analytics (www.orderflowanalytics.com) eminitrader Trading Reviews and Vendors 303 March 7th, 2017 01:58 AM
Order Flow help! FredyMegaG The Elite Circle 24 February 12th, 2014 02:06 PM
Order Flow Advice pbylina The Elite Circle 6 June 27th, 2012 11:33 PM
Does anyone have Order FLow Analytics indicator for Ninjatrader FHTrader The Elite Circle 18 June 27th, 2012 08:13 PM
Order Flow Journal Anagami Elite Trading Journals 18 May 24th, 2012 12:28 AM


All times are GMT -4. The time now is 01:28 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
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.
no new posts
Page generated 2017-11-21 in 0.18 seconds with 20 queries on phoenix via your IP 54.158.214.111