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MBOXX ( similar to Weis Wave )/Wyckoff


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MBOXX ( similar to Weis Wave )/Wyckoff

  #171 (permalink)
 sienna 
Melbourne, Australia
 
Experience: Beginner
Platform: Ninja Trader
Broker: Ninjatrader Brokerage
Trading: Many
Frequency: Several times daily
Duration: Minutes
Posts: 162 since May 2012
Thanks Given: 274
Thanks Received: 123

My experience with the software is positive + negative. I have found it helpful to my way of trading, but I'm not here to promo the vendor.

What has happened to me recently (after a Win10 and NT8 upgrade) is that the latest Mbox version slows Ninjatrader to a crawl. This is newish. Sierra might well be a different situ...I only use NT8. NT8 tends to freeze many times a day and I've tracked it down to 2 indies within the MBOX pack. Mike from MBOX provided a quick response to my queries: Only have Mboxcharts up on my PC at any one time and delete all workspaces, due to the limitations of NT8. Apparently this is only an issue with NT8.....(my assumption).

Seperate to this I suspect that I'd need to upgrade my PC to a very fast chip. No other indies in my PC are giving me grief.....so that is unacceptable to me and I've had to stop using it. With a previous NT8 platform version and previous Win10 version, Mbox ran without issues...smooth and fast. I've done - and keep doing - the ususal maintenance on NT8, gleaned from the FIO contributions over a few years on how to keep NT8 running smoothly. So if the product is of interest, I'd probably steer clear of using it on NT8 Its a shame, as I like some of the info it provides, to my way of interpreting data. I could try it on Sierra or MT4, but don't have the inclinations to change platforms.

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  #172 (permalink)
 zextra 
Mountain View CA
 
Experience: Beginner
Platform: Sierra Chart
Trading: EUR/USD
Posts: 21 since May 2013


sienna View Post
My experience with the software is positive + negative. I have found it helpful to my way of trading, but I'm not here to promo the vendor.

What has happened to me recently (after a Win10 and NT8 upgrade) is that the latest Mbox version slows Ninjatrader to a crawl. This is newish. Sierra might well be a different situ...I only use NT8. NT8 tends to freeze many times a day and I've tracked it down to 2 indies within the MBOX pack. Mike from MBOX provided a quick response to my queries: Only have Mboxcharts up on my PC at any one time and delete all workspaces, due to the limitations of NT8. Apparently this is only an issue with NT8.....(my assumption).

Seperate to this I suspect that I'd need to upgrade my PC to a very fast chip. No other indies in my PC are giving me grief.....so that is unacceptable to me and I've had to stop using it. With a previous NT8 platform version and previous Win10 version, Mbox ran without issues...smooth and fast. I've done - and keep doing - the ususal maintenance on NT8, gleaned from the FIO contributions over a few years on how to keep NT8 running smoothly. So if the product is of interest, I'd probably steer clear of using it on NT8 Its a shame, as I like some of the info it provides, to my way of interpreting data. I could try it on Sierra or MT4, but don't have the inclinations to change platforms.

After reading what you wrote, my guess is you have a software / hardware issue. I have the NT8 version of MBoxWave, running very smooth and fast, with no issues at all. My PC is not the latest or greatest either. My specs are 8th gen i7 with 16gb of ram and an SSD drive. If previously your MBox ran smooth and fast as you say, it isn't an indicator issue, but a computer issue. If something was working well before, and now it is not, then something must have changed in your computer / software configuration. NT8 is known to be a resource hog and you also have to realize that the way NT8 calculates Delta volume uses your CPU resources more. The way Ninja calculates Buying / Selling volume is not the most efficient. This is a well known Ninja issue, not even related to MBoxWave. Check out the native Order Flow indicators in NinjaTrader and they do not load any faster than MBoxWave. This shows it is not an MBoxWave issue, but how the overall architecture is in NinjaTrader for accessing tick data. Most indicators do not access tick data, only order flow indicators that show buying / selling pressure access tick data (like MBoxWave). NinjaTrader has decided this is acceptable, and for probably 90% of users this is. In the room, there are lots of people running on NinjaTrader and sharing screenshots every day with no performance issues at all. Whenever someone has performance issues, Mike has a guideline to follow that will keep your NinjaTrader running at optimal performance. It has worked for me, and many others in the room. Also, make sure you are running a PC that meets NinjaTrader's recommended requirements (not just minimal requirements).

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  #173 (permalink)
 iq200 
London, UK
 
Experience: Intermediate
Platform: Ninjatrader, Tradestation
Broker: Kinetick, InteractiveBrokers
Trading: Equities, Futures
Posts: 407 since Jun 2010
Thanks Given: 145
Thanks Received: 278



NGtrader View Post
Also I'm only using level 1 market data for stocks. A buddy of mine told me about Zoom but unfortunately I was tired of looking at the screen and about to go outside for a run. Here is how it looked on MBox.

hey NGtrader - I am seriously considering getting MBOXX.
when you have time would you mind posting a few recent charts of stocks? Would be grateful.
Thank-you,
iq

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  #174 (permalink)
 NGtrader 
Burnaby, BC Canada
 
Experience: Advanced
Platform: Ninjatrader
Broker: Ironbeam, Kinetick
Trading: ES, CL, RTY
Posts: 233 since Apr 2014
Thanks Given: 758
Thanks Received: 201


iq200 View Post
hey NGtrader - I am seriously considering getting MBOXX.
when you have time would you mind posting a few recent charts of stocks? Would be grateful.
Thank-you,
iq

The MAutofloorceiling is the indicator from MBox that is drawing those horizontal support and resistance lines. As you can see it works on 60 minute and even 15 min charts. If you have a good handle on Wyckoff then it will be a great visual aid for you.

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  #175 (permalink)
 Tradarr 
Atlanta Ga. USA
 
Experience: Intermediate
Platform: NT8,ThinkorSwim,
Trading: Grains
Posts: 336 since Mar 2017
Thanks Given: 85
Thanks Received: 87

Great Software, great trading tool! Would be better when it has plots/capability to use with Strategy Builder.

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  #176 (permalink)
 iq200 
London, UK
 
Experience: Intermediate
Platform: Ninjatrader, Tradestation
Broker: Kinetick, InteractiveBrokers
Trading: Equities, Futures
Posts: 407 since Jun 2010
Thanks Given: 145
Thanks Received: 278


NGtrader View Post
The MAutofloorceiling is the indicator from MBox that is drawing those horizontal support and resistance lines. As you can see it works on 60 minute and even 15 min charts. If you have a good handle on Wyckoff then it will be a great visual aid for you.



Thank-you so much!

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  #177 (permalink)
 
kalalex's Avatar
 kalalex 
Up the Ladder, CA
 
Experience: Beginner
Platform: SC
Broker: Optimus & AMP
Trading: ES
Posts: 227 since Mar 2011
Thanks Given: 261
Thanks Received: 151


NGtrader View Post
The MAutofloorceiling is the indicator from MBox that is drawing those horizontal support and resistance lines. As you can see it works on 60 minute and even 15 min charts. If you have a good handle on Wyckoff then it will be a great visual aid for you.

NGtrader, Thanks for posting the charts.
I'm studying Wyckoff right now and test trading just spring/upthrust setups with a few stocks.
I wonder if you could tell me who you use to get stock charts(data) with NT8? I'm using NT for futures trading but as far as I know NT brokerage is only for futures trading?
Also whoever you are using for stocks they don't provide delta data? I'm only asking because you don't have the delta # along with volume # at zigzag pivots?

I'm seriously considering MBox tools because it really help seeing supply/demand, effort/result on the dharts.

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  #178 (permalink)
 NGtrader 
Burnaby, BC Canada
 
Experience: Advanced
Platform: Ninjatrader
Broker: Ironbeam, Kinetick
Trading: ES, CL, RTY
Posts: 233 since Apr 2014
Thanks Given: 758
Thanks Received: 201


kalalex View Post
NGtrader, Thanks for posting the charts.
I'm studying Wyckoff right now and test trading just spring/upthrust setups with a few stocks.
I wonder if you could tell me who you use to get stock charts(data) with NT8? I'm using NT for futures trading but as far as I know NT brokerage is only for futures trading?
Also whoever you are using for stocks they don't provide delta data? I'm only asking because you don't have the delta # along with volume # at zigzag pivots?

I'm seriously considering MBox tools because it really help seeing supply/demand, effort/result on the dharts.


Well there is delta above and below the candles, they show you whether it was net selling or net buying.

I suggest longer timeframes for using MBox with stocks, like daily or longer. Of course you can get better entries by using MBox on a lower timeframe.

You can get stock data from Kinetick. Other brokers also offer stocks as well as futures.

https://kinetick.com/Subscribe

I pointed out which ones you want to get for stocks. Level 1 is sufficient.

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  #179 (permalink)
 
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 kalalex 
Up the Ladder, CA
 
Experience: Beginner
Platform: SC
Broker: Optimus & AMP
Trading: ES
Posts: 227 since Mar 2011
Thanks Given: 261
Thanks Received: 151


NGtrader View Post
Well there is delta above and below the candles, they show you whether it was net selling or net buying.

I suggest longer timeframes for using MBox with stocks, like daily or longer. Of course you can get better entries by using MBox on a lower timeframe.

You can get stock data from Kinetick. Other brokers also offer stocks as well as futures.

https://kinetick.com/Subscribe

I pointed out which ones you want to get for stocks. Level 1 is sufficient.

Oh,,I thought they were volume.
I'm not going to go below 240 min chart to see the market and maybe 60 min chart for entry.
Thank you for the tip.
PS: Do you know anyone using MBox with Tradestation by any chance? I can't decide between NT8 version / Tradestation version of MBbox. Just want to see if it's stable for Tradestation.

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  #180 (permalink)
 NGtrader 
Burnaby, BC Canada
 
Experience: Advanced
Platform: Ninjatrader
Broker: Ironbeam, Kinetick
Trading: ES, CL, RTY
Posts: 233 since Apr 2014
Thanks Given: 758
Thanks Received: 201



kalalex View Post
Oh,,I thought they were volume.
I'm not going to go below 240 min chart to see the market and maybe 60 min chart for entry.
Thank you for the tip.
PS: Do you know anyone using MBox with Tradestation by any chance? I can't decide between NT8 version / Tradestation version of MBbox. Just want to see if it's stable for Tradestation.

In the MBox group (which is in the Telegram app), a few people do use MBox on TS but there are issues with it. I think NT8 is the best choice for MBox. Actually some prefer Sierra Chart too.

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