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Review for BookMap www.bookmap.com


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Review for BookMap www.bookmap.com

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  #1 (permalink)
 Big Mike 
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This thread is for questions or reviews for VeloxPro or their BookMap product.

Their website:
Home - Veloxpro

BookMap website:
Bookmap

VeloxPro is a site sponsor on futures.io (formerly BMT).

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 Big Mike 
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A promotional webinar that demos the BookMap product by VeloxPro has been scheduled for Wednesday, February 5th @ 4:30 PM ET.

More here:



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 VeloxPro 
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Hi everyone,

We plan to launch our new BookMap release for NinjaTrader within the next two weeks. We are looking for interested beta testers who are using NinjaTrader and would like to receive an early release of BookMap for NinjaTrader. Each beta tester will get a free BookMap license for 45 days. If you are interested in taking part in our beta testing, please send us an email to info@veloxpro.com titled "BookMap / NinjaTrader Beta Testing". We would be interested to get your details and trading experience with the NinjaTrader platform. As soon as we complete our internal testing phase we will send you a download link for the software with a free 45 day license.

Thnx,

Eyal

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  #5 (permalink)
 VeloxPro 
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Hi everyone,

We are happy to announce the release of BookMap for NinjaTrader!

This new BookMap version is available for download at our website.

For those of you who have already experimented with BookMap, here are some of the additional feature / fixes included in this new release:
  • Ability to import BookMap to NinjaTrader either as an Indicator or as a Strategy. This allows the use of BookMap for viewing and analysis purposes only.
  • Fixing of a bug that cause frequent crashes of few instruments, which was obviously frustrating to some of you.
  • Reducing CPU load, especially in full zoom-out view
  • Using color gradient to distinguish between executions initiated by buyers or sellers.
  • Ability to reset the volume bars accumulation. This can be done either manually or automatically at a preset frequency, by right clicking your mouse while hovering over the volume bars area.
  • Marking the currently transmitted book depth with thin lines over the column representing that current book size (first column on the right side of the chart). These markings allows the trader to distinguish between actual book size and cashed book size stored by BookMap.
  • Zoom-in up to 5 seconds.

We hope you will enjoy BookMap. We would like to keep an dialogue with all BookMap users and we welcome any of your future comments, either here on the forum or on the BookMap forum.

VeloxPro Team

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  #6 (permalink)
 sands 
London + UK
 
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Interesting visual tool for seeing the orders in the market. I will be taking the trial in the next week, hopefully I have some feedback after that.

Initially I can see it illustrates supply and demand zones, and their strength.

Question:
Quick question, you mention in your webinar that the contrast adjustment (e.g., the heapmap colour for a particular price is analysed and set for a particular time point. So I'd just like to illustrate my interpretation, please let me know if this is correct.

Lets say at 10:05 the engine analyses that there are 100 contracts in the book and sets the scale for colours accordingly - lets say one price level has 50 contracts and it's the largest number of orders at price, then its coloured white. (as this is 50% of the book)

Then at the next time point 10:06 the engine analyses again and sees that there are now 200 contracts now in the book, and does the scale reset according to the new book size in that period? - for example at that point the same price level that previously had 50 now still has 50 (assuming some orders at that level were removed and some added), would that then be coloured white, assuming the same if that 50 still represented the largest number of orders at price? or would it be coloured more darkly given that the proportion of the total book is now 25%? I would guess the colour would darken is that true?

To summarise my questions:

*Is the colour scale reset per time period (as above)? or is the scaling set by the session to keep the colouration of the heatmap comparable within that session?

*Is the colour scale dependant on the number of pending orders at a price level compared to the full order book size? e.g., do we see colour changes due to both the change in size of the order book and the number of contracts at that level?

There are a number of ways to effectively visualise this data, as I've done some work professionally in this area myself.


Thanks.

Sand.

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  #7 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
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Nice tool guys - well done!

Very original.

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread
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 VeloxPro 
Israel
 
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Hello Sand, and thank you for your interest.
Current version of BookMap does not automatically adjust the look-up-table (LUT), or sometimes called tone-curve. However it's configurable by the user. The max-size parameter defines the size, which will be colored white, and any larger size will also be white. You can also configure the LUT curve itself to define how the sizes between zero and max-size are converted into gray color to achieve the best contrast.
There are several instruments (ES, NQ, GC) with preset default configuration, but if you subscribe to a new instrument, BookMap will attempt to "guess" the suitable setting when you open the chart. After that it's up to the user to adjust contrast configuration.

Q. *Is the colour scale reset per time period
A. No, it doesn't adjust automatically

Q. *Is the colour scale dependant on the number of pending orders at a price level compared to the full order book size?
A. If I understand your question correctly, the answer is No. BookMap uses the same contrast settings for all the levels in the order book.

We do plan to add the automatic contrast adjustment feature in the next version. But as you mentioned, it's not an easy task. Mainly because unlike in image processing, book sizes have no constant upper boundary. But a simple interpolation from zero to the real max-size rarely provides a good contrast (for example, a single order of 200 contracts in Gold futures would make the rest of the image black).
We will be happy to discuss with you your (and our) ideas about making automatic contrast adjustment. Please write us to info@veloxpro.com with a reference to this conversation.

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  #9 (permalink)
 Jonson 
Russia, St.Petersburg
 
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hi
I compared the two products Bookmap vs Jigsaw Tools, and concluded that is better to have an accurate dealing with numbers than with painted circles

* If investing gets too difficult for a seventh grader to understand, the system is needlessly complex
* Markets produce an enormous volume of information, much of which is redundant
* In every game and con there's always an opponent, and there's always a victim. The trick is to know when you're the latter, so you can become the former
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adaseb
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Jonson View Post
hi
I compared the two products Bookmap vs Jigsaw Tools, and concluded that is better to have an accurate dealing with numbers than with painted circles

What is the name of the Jigsaw Tools that has this feature so far they don't have any order depth map tool

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  #11 (permalink)
adaseb
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I tried out the BookMap program.

Was wondering if there was an upgrade coming sometime in the future. I like the program and I think its great but it needs some minor improvements.

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  #12 (permalink)
Alphachase
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Could anyone (either the vendor or existing users) make records and upload CQG data for front CL and NG please (preferably recorded during certain time windows)? I just downloaded a free version of the application and would like to give it a try for time windows I'm interested in with a fresh set of data. Thank you in advance.

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 KahunaDog 
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Any more users?

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 bob7123 
Amsterdam, The Netherlands
 
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KahunaDog View Post
Any more users?

Yeah, like about 100 of the Stage 5 Trading clients. (including me)

They have been running a special for us that ends this Friday. It has been going on for about 6 weeks now.

FT loves the thing. Me too, but recall it is still no holy grail. No tool will ever tell you what is going to happen, only give you a better view of what has happened.

Anyway, if you call Stage 5 you can probably get in on the special. (Stage5trading.com)

In my completely biased opinion you should open an account there too, but like I said, I'm biased! The thought of trying to tame the markets without FT71's guidance gives me chills.

Speaking of which, FT posted this elsewhere on futures.io (formerly BMT) yesterday: Trade Wisdom Segment

Good luck!
-Bob

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 paps 
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hi @VeloxPro are there any other screenshots with Bookmap on Ninja.

the last post for bookmap on March 2014 for Ninja was a bit messy..& guess it has since improved or any webinars how it looks with Ninja.


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  #16 (permalink)
 dom64 
London, UK
 
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I am a pure order flow trader, and I have been using Bookmap since they started. Very reactive guys, with a lot of (useful) updates.

Very visual way to look at the DOM and to spot algos activity. I don't place order from bookmap, and still rely on my numerical DOM (Jigsaw), but side by side, this is just great for DOM trading and order flow reading.

It will not do anything else than a (good) DOM does, but very visual, and you can keep track of Limit orders history.

Not for everyone but I can't fault it.

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 bob7123 
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They just came out with a new version (4.2) this weekend. Very nice.

Thing I think I like best is that it now zooms the x axis with the mouse scroll button.

Also, I'd say it is more than a DOM. Yes, you get the same info as a DOM, but because the orders leave a trail it shows the market speeding up and slowing down, as well as when the market moves to pockets of liquidity and then either bounces off them or pushes through, giving a hint as to the strength of the move.

Fair warning, they said their intro pricing is ending soon.

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 SatchFan 
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bob7123 View Post
They just came out with a new version (4.2) this weekend. Very nice.

Thing I think I like best is that it now zooms the x axis with the mouse scroll button.

Fair warning, they said their intro pricing is ending soon.

Looks like I got in at the right time. I bought it last night. I read this thread last night and then went to youtube and watched pretty much every video they have posted there and decided to give it a try. The 2 week money back no questions asked trial is nice, but wish it was 30 days. The product works as advertised on Ninja 7 so far. I was doing a free trial on Auction Dashboard but that add on is harder to learn and harder to see what is going on. The way BookMap is laid out it makes it much easier to decipher what is going on than Auction Dashboard. I do think Auction Dashboard has some potential, but may not make it to prime time until Ninja 8 is out and the programmer can make it do more within Ninja 8 IMO. It's not using java like BookMap does. So anyway, Thanks to everyone who posted in this thread, it was helpful. I think I have a new tool that will be useful for quite some time!

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 paps 
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@dom64 thanks for your note. Yea nice tool. Would you care to get into details why you think its good from a OF perspective. Is it because as you say it provides a heatmap from the perspective of visually observing Limit Orders.



dom64 View Post
I am a pure order flow trader, and I have been using Bookmap since they started. Very reactive guys, with a lot of (useful) updates.

Very visual way to look at the DOM and to spot algos activity. I don't place order from bookmap, and still rely on my numerical DOM (Jigsaw), but side by side, this is just great for DOM trading and order flow reading.

It will not do anything else than a (good) DOM does, but very visual, and you can keep track of Limit orders history.

Not for everyone but I can't fault it.


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 Eclipse247 
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I just got it. It needs L2 data feed. Any ideas on which is best provider. I'm thinking kinetick with NT7. Not many comments from other users. Anybody out there?

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  #21 (permalink)
 Big Mike 
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Eclipse247 View Post
I just got it. It needs L2 data feed. Any ideas on which is best provider. I'm thinking kinetick with NT7. Not many comments from other users. Anybody out there?

Kinetick is licensed from IQFeed. Search IQFeed on the forum and you'll find tons of comments, I would say all positive for the most part.

Mike

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 Eclipse247 
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Big Mike View Post
Kinetick is licensed from IQFeed. Search IQFeed on the forum and you'll find tons of comments, I would say all positive for the most part.

Mike

Thanks. Right now I'm using the dreaded IB, but only upto 3 feeds with market depth available. Sure is a cheaper option than IQ or Kinetick when exchange fees added to their 2 basic costs.

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 paps 
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Been using it with ninja and cqg continuum. Seems very decent feedwise.

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 bob7123 
Amsterdam, The Netherlands
 
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Eclipse247 View Post
I just got it. It needs L2 data feed. Any ideas on which is best provider. I'm thinking kinetick with NT7. Not many comments from other users. Anybody out there?


Big Mike View Post
Kinetick is licensed from IQFeed. Search IQFeed on the forum and you'll find tons of comments, I would say all positive for the most part.

Mike

Kinetick is the same data as IQFeed, but set up and licensed for use only with Ninja.

Despite that limitation, Bookmap includes a Ninja indicator that pipes data from NT to Bookmap, so you are set.

-Bob

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 KahunaDog 
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 forgiven 
Fletcher NC
 
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when price gets to a turning point, can you see large orders in book map ready to be executed in time to do anything about it?or is it just a tool to look back at what has already happened ? thanks to all for input

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  #27 (permalink)
 jokertrader 
NYC, NY
 
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Been looking at bookmap and starting to use it.. though I think i am not being systematic
Would like to discuss with users the best way to use book map on 6E, CL, 6A etc

Message me if anyone else interested to share and chat

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  #28 (permalink)
 Wartrace 
Wartrace,TN usa
 
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jokertrader View Post
Been looking at bookmap and starting to use it.. though I think i am not being systematic
Would like to discuss with users the best way to use book map on 6E, CL, 6A etc

Message me if anyone else interested to share and chat

Hey Joker,
I found this for you Bookmap Forum ? View forum - Data Feeds
It is a forum for bookmap users. It isn't very active but you might be able to find someone using the tools on it.

FT71 did a webinar on it as well.

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  #29 (permalink)
 dom64 
London, UK
 
Experience: Master
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Trading: 6E futures, Cable
 
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I use it daily and been doing so since it came out, alongside with jigsaw. Check out my YT link, it's not in English, but I do use it. It's a DOM, visual DOM with Limits history, very useful to spot Liquidity loading and taking areas, icebergs

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  #30 (permalink)
 jonc 
australia
 
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paps View Post
Been using it with ninja and cqg continuum. Seems very decent feedwise.

Using NT/continuum would only give 5 levels of bids/offers on each side, would this limit the information bookmap can show?

I saw some videos on bookmap, it seems to have 20 levels of bids/offers displaying on it.

I'm assuming bookmap is getting the same info as the DOM on NT.

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  #31 (permalink)
 NGtrader 
Vancouver, Canada
 
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I'm new at using BM but check out some of Ferran Font's videos on Youtube. He's incredible:







Two more links to VeloxPro vids with Ferran:




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  #32 (permalink)
 dom64 
London, UK
 
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jonc View Post
Using NT/continuum would only give 5 levels of bids/offers on each side, would this limit the information bookmap can show?

I saw some videos on bookmap, it seems to have 20 levels of bids/offers displaying on it.

I'm assuming bookmap is getting the same info as the DOM on NT.

Yes mate, but is keep the Limits history, so it will remember and display 20 levels if the market moved 20 points down for example, even if the depth of the instuments is 5 x 5

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 paps 
SF Bay Area + CA/US
 
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@jonc hi...for me its sufficient. I think its more than 5 as you can see. anyways this is part of my screen. I am not a DOM trader......though look at DOM for very pertinent info. But that info which is missing on my charts....however not showing my charts here. also i look at Bookmap for just one or two criteria. I use Jigsaw extensively too


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 dom64 
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paps View Post
@jonc hi...for me its sufficient. I think its more than 5 as you can see. anyways this is part of my screen. I am not a DOM trader......though look at DOM for very pertinent info. But that info which is missing on my charts....however not showing my charts here. also i look at Bookmap for just one or two criteria. I use Jigsaw extensively too


5 was an exemple, clearly you do get 10 levels. Jigsaw D & S and Bookmap show the same thing, one is only more visual.

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 paps 
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dom64 View Post
5 was an exemple, clearly you do get 10 levels. Jigsaw D & S and Bookmap show the same thing, one is only more visual.

I kind of agree...& also not. There are strengths in both applications. i feel they however show lightly different stuff....but will not argue

also in the mix was auctiondashboard....again slightly different stuff...but since a bookmap thread did not touch on it.

anyways....each to his own.... all products good. I like bookmap only reason i have it on.

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 dBassFour 
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paps View Post
@jonc hi...for me its sufficient. I think its more than 5 as you can see. anyways this is part of my screen. I am not a DOM trader......though look at DOM for very pertinent info. But that info which is missing on my charts....however not showing my charts here. also i look at Bookmap for just one or two criteria. I use Jigsaw extensively too


Hi there,

Thanks for the screen grabs.

I am between Jigsaw and Bookmap. I am looking at S5 Trading and it appears they have a special for both of the platforms. Jigsaws Auction Vista HeatMap seems to look a lot like Bookmap, but I haven't done enough homework on Bookmap just yet, but the idea of a lifetime without the $50 trading fee sounds like a better deal to me if they do the same things.

Would love your opinion on the strengths/weakness on both, and if you had to pick one which would it be?

Thanks,
Dion

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 paps 
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Hi @dBassFour this is a review for bookmap. however as i have shown i do have Jigsaw & Bookmap and also Auction Dashboard. I cannot compare with or between any of the products. That is unfair. I extract and need precise info from all of them though all info is on my charts even without using them. My mentors charts and mine are exact. He does not need this additional info...whereas I do. So its all a personal preference of what a trader may or may not need. For me it was to see precise and exact info when Buy Sell Limits are present...and the need to see further into what buy/sell agents are at play.

I know some may think the products do the same thing. However I disagree. All products have unique features. Its for the trader and how the traders systems are setup to gather and exploit tools and applications such as listed here. If its just heat map then i am not sure and may not be able to comment...i recently have got the Jigsaw heatmap feature turned on and cannot comment. I do not need a heatmap to trade. I need to see inside Limits as Markets move due to Limits & Market Orders...not heatmaps.

I can trade without any of the above products...as I have my charts setup to show where Limits are present and which side is aggressive. But choose to use them as it gives me more clarity.

I also cannot and will never rely on one tool. So i have to have the above for decision making which comes from Limits/Markets on my charts. The tools such as Bookmap/Jigsaw, etc are just some stuff which helps me in further solidifying my decision to enter/exit

What I mainly like to gather from Bookmap is Hidden Orders & how the Quote Counters are moving. I do not look at anything else here.

Since you asked about Jigsaw will briefly mention since its a bookmap thread. As I said I have Limits directly on my chart. But I find it very easy to get inside the Limits using Jigsaw & Auctiondashboard. Sorry I do not share my charts. As I can customize Jigsaw I can see this info clearly in front of me.

I love Bookmap for what is does and how I use it. But also cannot live without Jigsaw. All of these products are world class. And I think as you said there is good stuff at S5. I did not avail of it...as am not with them. But again I think bookmap offers a free version you could play with if you wish to. again there is a replay feature which i do not use. If i ever used replay it has to be a Full fledged replay transposing data to all my Ninja charts.

Sorry if i could not give a clear distinction as you requested. But its the way i use it

thnx & wish only the best


dBassFour View Post
Hi there,

Thanks for the screen grabs.

I am between Jigsaw and Bookmap. I am looking at S5 Trading and it appears they have a special for both of the platforms. Jigsaws Auction Vista HeatMap seems to look a lot like Bookmap, but I haven't done enough homework on Bookmap just yet, but the idea of a lifetime without the $50 trading fee sounds like a better deal to me if they do the same things.

Would love your opinion on the strengths/weakness on both, and if you had to pick one which would it be?

Thanks,
Dion


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 sNeJ88 
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i canīt enter the forum, what happed?

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 markus3500 
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paps View Post
Hi
What I mainly like to gather from Bookmap is Hidden Orders & how the Quote Counters are moving. I do not look at anything else here.

I have been watching this feature "Quotes Counter" on Bookmap, unfortunately I have found very much documentation on it with the exception of what in the user guide. Was hoping you can provide some detail on how you use it or how you find it useful?

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 paps 
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I have been watching this feature "Quotes Counter" on Bookmap, unfortunately I have found very much documentation on it with the exception of what in the user guide. Was hoping you can provide some detail on how you use it or how you find it useful?

hi...i hardly use it currently. If there were APIs would have thought of some stuff had in mind...but again in terms of whats there in the user guide "aggressor side".
Since may not be trading of the DOM....but like to look at it once in a while. I believe this would be a tell in think markets or on a crash scenario none of which i have validated though.


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 Malvolio 
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Big Mike View Post

VeloxPro is a site sponsor on futures.io (formerly BMT).

Hi @VeloxPro @Big Mike

I am interested in Bookmap and would like to know if there will be a special offer for Elite Members here too?

Thank you!

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 forgiven 
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does it tell you if they will be pulled when price reaches them, does it tell you the average trade size of the orders, does it tell you the intent of the traders...are they stop orders or new trade entry, when price reaches them does it tell you if there are orders waiting to be executed that will push through the resting orders....

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 Big Mike 
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Hi @VeloxPro @Big Mike

I am interested in Bookmap and would like to know if there will be a special offer for Elite Members here too?

Thank you!

The current offer from Stage 5 and VeloxPro is available by clicking "Elite Membership" from the top of the page.

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 Malvolio 
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forgiven View Post
does it tell you if they will be pulled when price reaches them,

No, but it tells you if there were pulled or traded and to what extend.



forgiven View Post
does it tell you the average trade size of the orders

You have a large lot tracker available that displays an approximation of the largest single pending order.



forgiven View Post
does it tell you the intent of the traders...are they stop orders or new trade entry

Seriously?


forgiven View Post
when price reaches them does it tell you if there are orders waiting to be executed that will push through the resting orders

Yes. Bookmap has an iceberg detector. He calculates the presence of a hidden order at any price level based on the presence of excess execution on any price level as compared with the visible pending size at that level.

You can also see when limit orders enter the market. Often shortly before a level is traded.

_____________________

I understand your concerns but Bookmap is just a graphical representation of the order book. Using the DOM solely for me personally it is hard to remember all the action there. The high frequency trading and algorithmic trading has changed a lot and the book by itself is not that usefull as it was before. But I think as a signal logic is it still usefull. What else do we have?

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 paps 
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I maybe wrong...but any offers or special price seems available if only s5 customer. I think being s5 customer has special discounts.

Yes everything can be seen including hidden orders. I like that functionality. But a hidden order is what it is...and just a limit or hidden limit...whatever way you dissect it.

Coming to added or pulled orders or volume steps ..theses can also be seen. However as there is no customization ....on the Dom with different color scheme such as offered by other vendors like jigsaw this part of adds..pulls is difficult to see atleast for a guy like me with numbers scrolling by. Not sure if they added DOM customization. ..it's not there on initial versions.

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 sands 
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Couple questions if anyone knows the answers (...I cant seem to find from a quick google, always a good first choice):

1. Is the lifetime license still available? looks like it was pulled recently..
2. does the tool support NT8?

Cheers,

Sands

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 paps 
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hey perhaps the best is to approach bookmap itself or perhaps S5. both are very responsive.

have not seen any video with ninja8 but am sure it should be in works.

also there was someone here on Fio...a while back trying to see their license. Not sure if that would be honored.

I think there are very exciting days ahead for orderflow...since i see on bookmap site Custom Solutions.

cheers and goodluck


sands View Post
Couple questions if anyone knows the answers (...I cant seem to find from a quick google, always a good first choice):

1. Is the lifetime license still available? looks like it was pulled recently..
2. does the tool support NT8?

Cheers,

Sands


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 sands 
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paps View Post
hey perhaps the best is to approach bookmap itself or perhaps S5. both are very responsive.

have not seen any video with ninja8 but am sure it should be in works.

also there was someone here on Fio...a while back trying to see their license. Not sure if that would be honored.

I think there are very exciting days ahead for orderflow...since i see on bookmap site Custom Solutions.

cheers and goodluck

thanks paps, I did I gave them a shout Friday, and haven't heard back unfortunately.

All the promotional seem to be for NT7, so not sure until they confirm themselves.

Yes I saw the ad for the chap trying to sell his license too, think i'll wait for support to get back to me and go the official way :-)

Enjoy your w/e.

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 paps 
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yupp weekend...hence delay. Traders and vendors time off .

am sure they will reply. Send in email to support@veloxpro.com you will get yr answer

Glad you mentioned it. yea always good to go official. it stays with us....& thats the right thing to do.

cheers


sands View Post
thanks paps, I did I gave them a shout Friday, and haven't heard back unfortunately.

All the promotional seem to be for NT7, so not sure until they confirm themselves.

Yes I saw the ad for the chap trying to sell his license too, think i'll wait for support to get back to me and go the official way :-)

Enjoy your w/e.


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 jokertrader 
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Wonder if they will ever do tabs so can follow multiple markets by switching tabs


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 mattz   is a Vendor
 
 
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jokertrader View Post
Wonder if they will ever do tabs so can follow multiple markets by switching tabs


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I believe this will be available on the new version.

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Matt Z
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Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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In the video they did not mention the Trade Console available so I attached it.


Thank you,
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 photog53 
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sands View Post
Couple questions if anyone knows the answers (...I cant seem to find from a quick google, always a good first choice):

1. Is the lifetime license still available? looks like it was pulled recently..
2. does the tool support NT8?

Cheers,

Sands

Veloxpro does have a 'beta' version of BookMap that runs on NT8...(I have it installed on my NT8 box). I purchased a license some time ago, so I can't comment on any current pricing. I do use BookMap every day. I like the tool.

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MichaelFlowTrader
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I'm starting to understand BookMap and with just a few more features/customizations it could be a complete standalone option for me. I don't like using a lot of different tools and I desire more of a 1 ring to rule them all approach.

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 Bookmap  Bookmap is an official Site Sponsor
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Hi Michael,

Happy to learn that you find the value in Bookmap and that you consider it as a full stand alone platform.

We'll be happy to learn what are the missing features for you.

Feel free to write to us in this thread or send it to support@veloxpro.com

If you prefer to arrange a call please send us a private message and we'll coordinate one.

Best

Bookmap team

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 matthew28 
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@Bookmap
I tried the new CVD indicator and really liked that I could add automatic reset times to it. I wanted to reset it at the beginning of a session and it was much easier having the program do it rather than needing to do it manually.
Could you consider adding the same feature to the volume profiles. One profile I look at is a session profile reset from that session 'open'. At the moment shortly before the open I set the 'Automatic Reset' for say 15 minutes so it resets at the open automatically and I then have fifteen minutes to switch off the auto reset. This gives a profile that starts exactly at the open but it is a little tedious doing it every day, and needing to do it for every replay. If as well as having volume profile options to 'Reset' and 'Automatic Reset', there was also the ability to add options to automatically 'Reset at Time of Day' that would be great.

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 Bookmap  Bookmap is an official Site Sponsor
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Hi Matthew28,

Happy to learn that you like the CVD and the automatic reset.

Regarding the new feature you requested of Automatic reset to the Session Volume Profile (SVP), we added it to the development list and put it in high priority, please expect to get it within few days.

We will followup and let you know.

Best

The Bookmap team

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 matthew28 
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Hello @Bookmap team,
Great customer service. It was only a suggestion, I didn't actually expect you to agree to implement it so quickly.
One question I was going to email support but may as well ask here in case anybody else is wondering. I have had a full Bookmap licence for quite awhile but stopped using it then came back to it. Since coming back I have noticed that when I restart the current Beta version (I switch off over night rather than leave it running), the COB columns shows extended data. When I used to use Bookmap I would start the program in the morning and there would just be the initial ten layers of order book up and down which would then extend. So where is the order book depth history coming from as Bookmap doesn't, or didn't, import history? The exchanges, connecting through Rithmic, still only supply ten levels of depth don't they?
Thanks

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Hi Matthew28,

Bookmap records and displays millions of data points because it shows the entire depth of market. Historical trade data only shows thousands of data points, since it is only recording the transactions on the best bid/ask, instead of the entire depth. Bookmap doesn't import historical depth of market data while connected to the live markets -- storing several days of DOM data may begin to erode computer performance. Of course you can always access your recorded data within Bookmap's Replay Mode.

I see you are connecting Bookmap via Rithmic. Please note that COMEX and NYMEX now offer full market depth, not just 20 levels as most markets (10 on the bid, 10 on the ask). At the moment, Rithmic is the only Bookmap data provider that offers full depth. Take a look at GC or CL and notice the full depth distinction. We hope more data provider will offer this soon as well.

Also, please note you can leave Bookmap running on your PC for several days, but have the data refresh depending on a specific time inputted by the user. For example, you can leave Bookmap open, but then at 9:30 am EST schedule the data to refresh and start anew for the cash session. You can also select it to repeat the scheduled refresh if you choose as well.

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 matthew28 
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Bookmap View Post

Please note that COMEX and NYMEX now offer full market depth, not just 20 levels as most markets (10 on the bid, 10 on the ask). At the moment, Rithmic is the only Bookmap data provider that offers full depth. Take a look at GC or CL and notice the full depth distinction. We hope more data provider will offer this soon as well.

Ah, so that's the answer. I didn't say but I was looking at a NYMEX instrument. I am surprised I haven't already read somewhere about the full depth being offered by Rithmic. Being able to see further out in the book is a nice distinction especially for those interested in trading the thinner instruments.

I will try leaving the program running and use the refresh feature. I tend to like to see the past few hours of data when the market is quiet, such as during the Asian session at the UK stocks open. Switching the PC on an hour before the open meant I wasn't seeing as far back as I liked.
Thanks again.

Note. I have just noticed the relatively new Bookmap thread over in Platforms and Indicators, , I will post any further questions there.

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@Bookmap
Could you consider adding the same feature to the volume profiles. One profile I look at is a session profile reset from that session 'open'. At the moment shortly before the open I set the 'Automatic Reset' for say 15 minutes so it resets at the open automatically and I then have fifteen minutes to switch off the auto reset. This gives a profile that starts exactly at the open but it is a little tedious doing it every day, and needing to do it for every replay. If as well as having volume profile options to 'Reset' and 'Automatic Reset', there was also the ability to add options to automatically 'Reset at Time of Day' that would be great.

Hi Matthew28,

We have implemented your request to reset the DOM volume profile column. It is currently available in Bookmap 5.0 build 396, so please update through the Help menu>>Update>>Check for Updates.

Then open a volume column, right click in that column, and select Automatic Reset. In the pop up window, choose to either "Reset at" at a specific time, or "Reset every" specific time interval for the drop down. Input the desired time to reset and that should do the trick. Please see the attached image.

Thanks for your feedback, I hope you enjoy the updated functionality. Let us know if there's anything else we can further assist you with.

regards,

Bruce
Bookmap Team

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  #63 (permalink)
 Big Mike 
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  #64 (permalink)
 matthew28 
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Bookmap View Post

We have implemented your request to reset the DOM volume profile column.........
Regards,

Bruce
Bookmap Team

Great customer service. Thanks Bruce. I will download it next week.

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  #65 (permalink)
 Cloudy 
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 sasa 
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BookMap - DayTradingFearless
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Bookmap Trading Platform Review and Interview By Optimus Futures, LLC

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  #67 (permalink)
 forgiven 
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this person is not correct on every matter. he gives Jasons oil trading room 5 stars for example. he is reviewing book map like a trading system using the idea they do not provide any records the software gives you and edge. i do not think they are marketing it that way. there just selling it as a tool. you can get a free trail. there not asking for 3000 up front or charging for training. 50 to 100 a month ..quit any time you want... i just do not smell a rat here. TS has exposed a lot of bad people that should be jailed. i just think he has it wrong on book map.

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 KahunaDog 
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This bothers me
https://www.tradingschools.org/reviews/bookmap/

"Nothing is provable or testable"

Who made this site and author an authority on trading. He is biased against order flow. He says so. He is also not trained in order flow. Yet repeatedly bashes it.

I have other issues with the tradingschools.org site and EmmetMoores reviews.
He attempts to persuade the reader that he is coming off with various scientific methodology, yet he only confirms it if the product, school or trader shows profit.
Part of how they want to this is code up and test what ever product or school they review.
If I was successful at a product like BM or other why would I have to provide code to some random person?

In response to "nothing testable or provable"
Bookmap allows replay. Hence it is testable and repeatable.
Tradingschool.org claims they did 40hrs of watching BM. That's an uneducated person watching orderflow. How did they know what to look for? Did they do replay? Did they compare and isolate specific set ups?

Tradingschool.org is against reading the dom.
How would they provide a fair and reputable examination of a visual dom?

Emmet blast away. Refute me.

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 matthew28 
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@KahunaDog
I partly agree. I do think his idea of requesting trading room traders to agree to have their results automatically sent to him and validated is a good one. If someone is claiming to trade successfully in a room I would want to see provable results and a reasonably consistent track record before I signed up.
But for a subjective tool like Bookmap, not a forex robot or a blackbox trading system, the review doesn't make sense. I don't see how volume and the order book can't be useful information, along with orderflow, or the speed the volume is being transacted at; as that is all the market is. How one attempts to use it or interpret it is another matter but to say it is worthless is dumb. It just emphasises that he isn't a successful trader reviewing the product from a position of authority, he is a former boiler room salesman who broke the law and went to prison. I have read some funny reviews on his site but I don't bother with it these days.

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 forgiven 
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KahunaDog View Post
This bothers me
https://www.tradingschools.org/reviews/bookmap/

"Nothing is provable or testable"

Who made this site and author an authority on trading. He is biased against order flow. He says so. He is also not trained in order flow. Yet repeatedly bashes it.

I have other issues with the tradingschools.org site and EmmetMoores reviews.
He attempts to persuade the reader that he is coming off with various scientific methodology, yet he only confirms it if the product, school or trader shows profit.
Part of how they want to this is code up and test what ever product or school they review.
If I was successful at a product like BM or other why would I have to provide code to some random person?

In response to "nothing testable or provable"
Bookmap allows replay. Hence it is testable and repeatable.
Tradingschool.org claims they did 40hrs of watching BM. That's an uneducated person watching orderflow. How did they know what to look for? Did they do replay? Did they compare and isolate specific set ups?

Tradingschool.org is against reading the dom.
How would they provide a fair and reputable examination of a visual dom?

Emmet blast away. Refute me.

but he is correct most of the time. i did not agree on his reviews on O F A or MtProdictor but both do over hype and over price there product. 80% of the vendor on his list are very bad actors.

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 KahunaDog 
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forgiven View Post
but he is correct most of the time. i did not agree on his reviews on O F A or MtProdictor but both do over hype and over price there product. 80% of the vendor on his list are very bad actors.


He has no concept of orderflow and chooses not to learn yet casts judgement.

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 Keab 
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I've been using BM for quite a while and I love it. It's not a holy grail, it's just a visual way of seeing what's going on in the order book.If you have no idea what to do with the info then don't bother.

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  #73 (permalink)
 Keab 
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but he is correct most of the time. i did not agree on his reviews on O F A or MtProdictor but both do over hype and over price there product. 80% of the vendor on his list are very bad actors.

That may be so, but bookmap is not a black box product. It is simply a tool for visualising the current state of the order book/market depth. And it is very effective in illustrating all this.
The question whether this is of any use in trading is another matter. Suffice to say that pretty much all successful short term traders study the order book and order flow in their trading. There's a clue in there somewhere....

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 forgiven 
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Keab View Post
That may be so, but bookmap is not a black box product. It is simply a tool for visualising the current state of the order book/market depth. And it is very effective in illustrating all this.
The question whether this is of any use in trading is another matter. Suffice to say that pretty much all successful short term traders study the order book and order flow in their trading. There's a clue in there somewhere....

bookmap is a grate product to read the limit orderbook. most successful short term trader do not look at chart under 1 hour. there not looking for a orderflow reversal. bookmap or any foot print charts are not in the Bloomberg terminal app store. those short term traders are the best in the world and there paying for multi time frame scanning apps. the scanning apps do not scan for time frames under 1 hour.

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 Keab 
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forgiven View Post
bookmap is a grate product to read the limit orderbook. most successful short term trader do not look at chart under 1 hour. there not looking for a orderflow reversal. bookmap or any foot print charts are not in the Bloomberg terminal app store. those short term traders are the best in the world and there paying for multi time frame scanning apps. the scanning apps do not scan for time frames under 1 hour.

Most short term traders don't look at a chart under 1 hour? I think your definition of short term might need a bit of work.

I repeat, bookmap is not a trading system. But if you understand how the market organises itself, where big buyers and sellers reside, and then look for orders flashing in on bookmap? Well, it pretty much writes itself...

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MichaelFlowTrader
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I wish it had a better and more functional price ladder . That way I can have a very advanced price ladder while also using the map to visualize the orders that are coming and going. So maybe a more traditional price letter. But more like md trader than nt or more like jigsaw with the extra info

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 forgiven 
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Keab View Post
Most short term traders don't look at a chart under 1 hour? I think your definition of short term might need a bit of work.

I repeat, bookmap is not a trading system. But if you understand how the market organises itself, where big buyers and sellers reside, and then look for orders flashing in on bookmap? Well, it pretty much writes itself...

who said it was a trading system. it is a very good tool for reading the limit order book and reading short term order flow . that is it. it is a tool. if has a free trail. if you dont like it or its no help. move on

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 forgiven 
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MichaelFlowTrader View Post
I wish it had a better and more functional price ladder . That way I can have a very advanced price ladder while also using the map to visualize the orders that are coming and going. So maybe a more traditional price letter. But more like md trader than nt or more like jigsaw with the extra info

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it is a problem

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  #79 (permalink)
MichaelFlowTrader
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forgiven View Post
it is a problem

What I find interesting is that book map has the much better visualization of the market than jigsaw does but jigsaw has a much better price ladder. So it is hard for me to Figure out if I should go with jigsaw and their heat map, which is inferior to book map just so that I can get there much better price ladder.

But first, this is a topic about book map. Once I understood it, it made so much sense. I also want a better way to have multiple markets open at the same time.

But as a company, I think that they are pretty much top notch, especially with their education.

Albeit it has been a few months since I have tried it. And they might have added even more features..

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 forgiven 
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MichaelFlowTrader View Post
What I find interesting is that book map has the much better visualization of the market than jigsaw does but jigsaw has a much better price ladder. So it is hard for me to Figure out if I should go with jigsaw and their heat map, which is inferior to book map just so that I can get there much better price ladder.

But first, this is a topic about book map. Once I understood it, it made so much sense. I also want a better way to have multiple markets open at the same time.

But as a company, I think that they are pretty much top notch, especially with their education.

Albeit it has been a few months since I have tried it. And they might have added even more features..

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in fast moving markets i could not use the dome. it could have been a lack of skill sets. who knows witch on is better. it would depend on the trader and the education and trading skills. but i would think the learning curve would be shorter on bookmap. when you see a area of resting orders away from market price . you still do not know where the market will trade through them or not. you just can not put a order in front of that and hope you will be ok. but your fishing in the wright spot. when the book starts chasing price and that is in the direction of the daily trend , your odds starts to improve

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  #81 (permalink)
 Bookmap  Bookmap is an official Site Sponsor
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forgiven View Post
in fast moving markets i could not use the dome. it could have been a lack of skill sets. who knows witch on is better. it would depend on the trader and the education and trading skills. but i would think the learning curve would be shorter on bookmap. when you see a area of resting orders away from market price . you still do not know where the market will trade through them or not. you just can not put a order in front of that and hope you will be ok. but your fishing in the wright spot. when the book starts chasing price and that is in the direction of the daily trend , your odds starts to improve

Hi Michael and Forgiven,

Thanks for the kind words about Bookmap. A new version is due out in January 2018 will address some of the issues on a more traditional DOM. Also, just to let you know, the Bookmap columns can be easily configured to display all the layouts and data types like other DOM's existing in the market today. I'd be happy to meet with you and demo these configurations if you like. Just let me know.


regards,

Bruce
The Bookmap Team

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 bulge 
Dayton, Ohio
 
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Bookmap View Post
Hi Michael and Forgiven,

Thanks for the kind words about Bookmap. A new version is due out in January 2018 will address some of the issues on a more traditional DOM. Also, just to let you know, the Bookmap columns can be easily configured to display all the layouts and data types like other DOM's existing in the market today. I'd be happy to meet with you and demo these configurations if you like. Just let me know.


regards,

Bruce
The Bookmap Team

Bruce,

I've decided to give Bookmap a whirl because of the positive comments on this thread, and the fact you've said a new version is coming.

Maybe I should ask this in a PM, but is 14 days enough time to understand and evaluate the software if one has never used anything like it before?

Thank you.

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MichaelFlowTrader
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bulge View Post
Bruce,

I've decided to give Bookmap a whirl because of the positive comments on this thread, and the fact you've said a new version is coming.

Maybe I should ask this in a PM, but is 14 days enough time to understand and evaluate the software if one has never used anything like it before?

Thank you.

Perhaps watch all the vids, attend all the webinars and get as much screen time as possible

Sent using the futures.io mobile app

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  #84 (permalink)
 Bookmap  Bookmap is an official Site Sponsor
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bulge View Post
Bruce,

I've decided to give Bookmap a whirl because of the positive comments on this thread, and the fact you've said a new version is coming.

Maybe I should ask this in a PM, but is 14 days enough time to understand and evaluate the software if one has never used anything like it before?

Thank you.

Hi Bulge,

The free 14 day Bookmap trial allows traders to understand what Bookmap is displaying, how to use the features, and begin understanding the order flow and other phenomena. The trial also allows access to our Educational Course, and Live Market Order Flow Advanced Analysis webinars. The trial gives you a good understanding of the software and education. As Michael noted below, it is a good moment to educate yourself as much as you can.

If more time is required, then maybe consider subscribing only for a 3 month period and treat this as an extended trial to continue learning at a low initial cost. This is part of the benefit to subscribing instead of purchasing something all at once. I hope this helps, let me know.

regards,

Bruce
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 bulge 
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MichaelFlowTrader View Post
Perhaps watch all the vids, attend all the webinars and get as much screen time as possible

Sent using the futures.io mobile app

Thanks for your reply. Three questions if I may:

Had you used similar software before?

How long did it take for you to understand what you were seeing?

In the beginning of your hands-on evaluation of the software, what elements of it showed value to you?

Thanks very much.

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  #86 (permalink)
 Bookmap  Bookmap is an official Site Sponsor
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bulge View Post
Thanks for your reply. Three questions if I may:

Had you used similar software before?

How long did it take for you to understand what you were seeing?

In the beginning of your hands-on evaluation of the software, what elements of it showed value to you?

Thanks very much.


Hi Bulge,

Before Bookmap I watched the DOM but followed foot print charts more closely. I was a client of Bookmap before working with the team. I immediately gravitated to Bookmap because foot print charts did not allow me to read the levels of liquidity. I knew there was an important piece of order flow missing but the DOM seemed disconnected from the foot print chart.

For me the process of reading the context of the volume foot print charts was synonymous to reading the historical context of the order book auction in Bookmap. It is of course different, but it's the process of understanding the context of volume compared to liquidity that is similar. The more I watched the Bookmap chart, the more the context and bits and pieces made good sense. I was up and running in a few weeks, but continue to learn a bit more of the nuances everyday as well.

The heatmap or historical order book projected onto the charts immediately showed me value. So many times I would see price stop and reverse but it was unclear why. Once I saw the historical book with high levels of liquidity, then it became clear. I hope this helps you, let me know!

regards,

Bruce

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  #87 (permalink)
 bulge 
Dayton, Ohio
 
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Bookmap View Post
Hi Bulge,

Before Bookmap I watched the DOM but followed foot print charts more closely. I was a client of Bookmap before working with the team. I immediately gravitated to Bookmap because foot print charts did not allow me to read the levels of liquidity. I knew there was an important piece of order flow missing but the DOM seemed disconnected from the foot print chart.

For me the process of reading the context of the volume foot print charts was synonymous to reading the historical context of the order book auction in Bookmap. It is of course different, but it's the process of understanding the context of volume compared to liquidity that is similar. The more I watched the Bookmap chart, the more the context and bits and pieces made good sense. I was up and running in a few weeks, but continue to learn a bit more of the nuances everyday as well.

The heatmap or historical order book projected onto the charts immediately showed me value. So many times I would see price stop and reverse but it was unclear why. Once I saw the historical book with high levels of liquidity, then it became clear. I hope this helps you, let me know!

regards,

Bruce

Thanks for the additional background info, Bruce.

I find it interesting even though my question was directed at @MichaelFlowTrader.

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  #88 (permalink)
 bulge 
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@Bookmap:

If I sign up for the Advanced version of Bookmap **now** for a year (through, for example, Stage 5 Trading) - would I receive the updated version of the software (I believe you said it was coming in January, 2018) at no cost?

Thank you.

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  #89 (permalink)
 Bookmap  Bookmap is an official Site Sponsor
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bulge View Post
@Bookmap:

If I sign up for the Advanced version of Bookmap **now** for a year (through, for example, Stage 5 Trading) - would I receive the updated version of the software (I believe you said it was coming in January, 2018) at no cost?

Thank you.

Hi Bulge,

Yes, you will receive the new Bookmap version 7 update due out mid January. It will not cost you extra.

regards,

Bruce

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 amoeba 
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Hi @Bookmap

Is it possible to add custom cross instrument trading pairs? Or otherwise can requests be made?

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  #91 (permalink)
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amoeba View Post
Hi @Bookmap

Is it possible to add custom cross instrument trading pairs? Or otherwise can requests be made?

Hi Amoeba,

You can add cross instruments only if your broker or data provider offers them, such as the crack spread, crush spread, etc.

regards,

Bruce
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  #92 (permalink)
 amoeba 
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Bookmap View Post
Hi Amoeba,

You can add cross instruments only if your broker or data provider offers them, such as the crack spread, crush spread, etc.

regards,

Bruce
Bookmap Team

Hi Bookmap,

I might have used the wrong terminology in my question, I was looking at the ability to display the book for a symbol but for orders to be placed on its mini/micro. I can see this ability exists for GC, CL & 6E, but was hoping it might be possible to add other large/mini products?

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amoeba View Post
Hi Bookmap,

I might have used the wrong terminology in my question, I was looking at the ability to display the book for a symbol but for orders to be placed on its mini/micro. I can see this ability exists for GC, CL & 6E, but was hoping it might be possible to add other large/mini products?

Hi Amoeba,

As you noted this functionality exists in Bookmap, but it varies depending on the broker. So what you see under File>>List cross instruments trading pairs is what is available from that broker.

regards,

Bruce
Bookmap team

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oldporkchops
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Hi Bruce,

Could you please help compare the differences between dxFeed and Rithmic for trading futures with a Global subscription? How is the latency, full market depth, and cost if I were to trade GC and CL?

Is dxFeed recommended over Rithmic if I just need Bookmap for charting purposes?

Thanks,
Oldporkchops

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oldporkchops View Post
Hi Bruce,

Could you please help compare the differences between dxFeed and Rithmic for trading futures with a Global subscription? How is the latency, full market depth, and cost if I were to trade GC and CL?

Is dxFeed recommended over Rithmic if I just need Bookmap for charting purposes?

Thanks,
Oldporkchops

Hi,

Just a note, this is not our business. Bookmap is a software platform, not data nor broker services. I recommend you try Rithmic free for 2 weeks and also subscribe to dxfeed for one month for CME data only, for $29. See what one works best for you.

That said, both data feeds display full market depth -- this is a significant advantage over other data feeds. There are no issues with latency. I know Rithmic offers CME Market-by-Order data as well. This the future of transparent data for retail traders. I am not sure dxfeed offers that, you'll have to ask them.

regards,

Bruce

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 mattz   is a Vendor
 
 
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oldporkchops View Post
Is dxFeed recommended over Rithmic if I just need Bookmap for charting purposes?

It seems that dxFeed is oriented around equities, and rithmic is for Futures.
I did not see dxFeed specify CME, but suggest to use their site in case I am wrong.

Matt Z
Optimus Futures

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Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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mattz View Post
It seems that dxFeed is oriented around equities, and rithmic is for Futures.
I did not see dxFeed specify CME, but suggest to use their site in case I am wrong.

Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

Hi Matt,

dxfeed now offers data for futures as well/ You can get each feed separately for the CME, CBOT, COMEX, and NYMEX for $29 each per month, or get them bundled for $79 per month.

Bruce

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Bookmap View Post
Hi Matt,

dxfeed now offers data for futures as well/ You can get each feed separately for the CME, CBOT, COMEX, and NYMEX for $29 each per month, or get them bundled for $79 per month.

Bruce

I used this for reference https://bookmap.dxfeed.com/ so I did not see the CME Group pricing.

Thanks for the update.

Matt Z
Optimus Futures

There i a substantial risk of loss in futures trading. Past performance is not indicative of future results.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
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  #99 (permalink)
oldporkchops
Atlanta, GA
 
 
Posts: 14 since Dec 2016
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Hi Bruce,

Thanks for your response.

I understand that data isn't your core business, but we all need data to use your services. It's a chicken and egg issue.

Since Rithmic offers CME Market-by-Order, I've signed up for a 14 day Rithmic trial but was unable to add it to my Free Digital Bookmap platform. Do I need it to access Replay Mode for US Futures? If not, how do I go about downloading data for Replay Mode so I can familiarize myself with the platform on Crude Oil?

Thanks,
Oldporkchops



Bookmap View Post
Hi,

Just a note, this is not our business. Bookmap is a software platform, not data nor broker services. I recommend you try Rithmic free for 2 weeks and also subscribe to dxfeed for one month for CME data only, for $29. See what one works best for you.

That said, both data feeds display full market depth -- this is a significant advantage over other data feeds. There are no issues with latency. I know Rithmic offers CME Market-by-Order data as well. This the future of transparent data for retail traders. I am not sure dxfeed offers that, you'll have to ask them.

regards,

Bruce


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  #100 (permalink)
 tr8er 
Europe
 
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The free Digital Bookmap is for Cryptos only and you cannot connect futures-data, for futures you need at least the Global Bookmap version.

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