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


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

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  #81 (permalink)
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A quick note:

DB Vaello from OrderFlowAnalytics will be here Monday June 3rd to demo his software, as part of our special futures.io (formerly BMT) 4-year anniversary. During June we have 16 very special speakers and events planned where we will be giving away around $20,000 worth of prizes.

More info:


Mike

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  #82 (permalink)
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I am not sure if DB is still monitoring this thread, but I have a question...
The last webinar featured new OFA product - OFA/NT.
And DB was explaining a bit about momentum selling on the example of 6E.
There were 3 or more consequtive strong bids near the bottom of the period, and I think that if it was OFA stand alone product - this period probably could be considered as Responsive buying, meaning buyers were stepping in to stop the move down, rather than Sellers initiating...
DB said that in OFA/NT price is evaluated diagonally (bid/ask), but in a stand alone product - it is evaluated horizontally, does it mean that order flow in the new product is approached differently than in a previous version?
If so, shall the new product complement the old one or one of them is preferential to the other?

 
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  #83 (permalink)
San Antonio, TX, USA
 
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Platform: OFA, Ninja, eSignal, R-Trader
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egormaev View Post
I am not sure if DB is still monitoring this thread, but I have a question...
The last webinar featured new OFA product - OFA/NT.
And DB was explaining a bit about momentum selling on the example of 6E.
There were 3 or more consequtive strong bids near the bottom of the period, and I think that if it was OFA stand alone product - this period probably could be considered as Responsive buying, meaning buyers were stepping in to stop the move down, rather than Sellers initiating...
DB said that in OFA/NT price is evaluated diagonally (bid/ask), but in a stand alone product - it is evaluated horizontally, does it mean that order flow in the new product is approached differently than in a previous version?
If so, shall the new product complement the old one or one of them is preferential to the other?

Both versions analyze data diagonally - the way it actually flows in the market. They are different products meant for different types of users. The entire focus of OFA/Ninja is to make the print easy to read for people not familiar with order flow. I am unaware of any other order flow application that analyzes volume at the bid/ask respectively (although I expect a few to follow quickly now that it's been explained). As far as I know this niche of the market is only interested in delta calculations. I don't agree with the basic premise of delta calculations - so OFA/Ninja was built to give Ninja users a simple way to read and use the flow in conjunction with their existing analytical tools. Let me put it this way - a typical NT user has A LOT of analytical tools! OFA Legacy will continue to be our flagship product geared towards a different type of client. OFA/Ninja will be our first step at giving the entry-level retail trader access to high-level tools and information. We fully understand that 90% of the hopeful traders out there cannot afford our flagship product or services. Our aim is to solve that problem.

Please note in the webinar that I repeatedly said "to simplify for today's lesson... / let's keep it simple for today..." 3 prints of strength is not some magic number whereby the market will suddenly breakout. There is clearly more to it than that. I was hoping to teach a broader lesson in why you should be paying attention at specific places on a chart instead of looking at the print for triggers everywhere. So just to follow up - OFA/Ninja is not a system. It will not give you magic trades. It is just a tool. You cant become a successful trader by downloading software. Please do not confuse a lesson in a free webinar for the hard work trading requires.

I do want to thank everyone that attended the webinar and the feedback we've received since beginning the soft launch of this product. We will have a big announcement in a few days regarding OFA/Ninja and our Free Friday webinars will begin this week. I hope that we can become a free source of knowledge and technology for all of you to become familiar with Order Flow Analysis.

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.
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  #84 (permalink)
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Thanks for the answer.
I didn't expect that the webinar could be taken as a training session, just thought that the chart picture could look different sometimes in your 2 products for the same period...
So I take it that OFA/NT is a retail product and OFA legacy is exclusive.

 
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  #85 (permalink)
San Antonio, TX, USA
 
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Platform: OFA, Ninja, eSignal, R-Trader
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egormaev View Post
Thanks for the answer.
I didn't expect that the webinar could be taken as a training session, just thought that the chart picture could look different sometimes in your 2 products for the same period...
So I take it that OFA/NT is a retail product and OFA legacy is exclusive.

"Exclusive" would be very misleading. I dont want to make it sound like that - I think everyone is really tired of being excluded from anything. That said the products are different - they will produce different charts - and one is not any "better" than the other - there is no secret inside the software.

The bottom line is that developing within the confines of another platform has limitations and complex issues to overcome - which need to be justified in time/cost development... In addition, because Ninja is a free platform (as well as a paid version) and many of their users depend on a wide range of free and low cost tools to assist them, we want to be sure to provide a cost effective way for people to implement Order Flow with the tools they already have access to. So it's less of a Pro v Novice issue and more of a "what works best for you?" situation. Legacy tends to interest people who want more than just more chart plugins - and that's a much smaller group of traders. Typically more experienced but not necessarily - and certainly not exclusive.

My experience is that most people don't want to learn anything new - they just want software to play with - until it's time to learn or give up. Very similar to a guy buying a new golf club instead of getting a few lessons. That's why there are more golf shops than teaching pros - and more bad golfers than scratch players!

If there's great feedback we will continue to develop more tools for the NT Ecosystem. So far it certainly appears that way - but there is no doubt it is a different client with different needs and expectations. We will do our best to meet them both - but in the end I would caution anyone who thinks buying more software or downloading more freeware will turn them into a great trader. Read, learn, study, ask questions. Sit down with a profitable trader if you can. Take a deep look in the mirror and make sure this is what you want to be. It's hard work.

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.
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  #86 (permalink)
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I've seen a similar product - Ricxa.
Is it a competitor or associated one?

 
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  #87 (permalink)
San Antonio, TX, USA
 
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Never heard of it. No association with OFA.

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.
Visit my futures io Trade Journal
 
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  #88 (permalink)
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Hi DB!
I learned some video and found out that your package has an indicator Delta Speed. Could you please, describe in details what information it brings to trader and on base of which data it is plotted?
Thanks in advance..

 
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  #89 (permalink)
San Antonio, TX, USA
 
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bisecom View Post
Hi DB!
I learned some video and found out that your package has an indicator Delta Speed. Could you please, describe in details what information it brings to trader and on base of which data it is plotted?
Thanks in advance..

Thanks for the post but I'm not sure you have the right application. As most of you know I am not really a fan of delta calculations. Perhaps you can send me more details via private message and I can verify it is OFA you are referring to.

Best Regards,

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.
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  #90 (permalink)
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If I buy the NinjaTrader with OFA and VCA , does the Conditional Order Routing function come with it? If not how much is it to buy the plugin to go with Ninja Trader?

Thanks.





OrderFlowAnalytics View Post
Dom, I think we are set to go over this 1-on-1 this Monday. I didn't want anyone to think I just wasn't going to answer the question so...

Conditional orders in OFA are way to send an order if-and-only-if specific conditions are met. Sounds the same as any strategy right? Not really. The difference is that the user defines the price(s) or price region(s) in which he/she is looking for these order flow conditions. Prices are selected on the fly through the chart so it is a bridge between automated trading and discretionary trading that I am otherwise not aware of.

In short, the user defines "where" to look on the fly instead of a strategy looking for something all the time or in back tested time/event sequences. You're in control but it pulls the trigger for you.

My suggestion would be that this feature is for extremely experienced traders with existing price-based strategies only. We actively discourage novice traders from purchasing it - which is again why we do 1-on-1 demos... We want to help you select what's right, not what's neat looking. A feature with no benefit to you is worthless.

DB



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