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MBOXX ( similar to Weis Wave )/Wyckoff
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MBOXX ( similar to Weis Wave )/Wyckoff

  #11 (permalink)
Elite Member
San Diego, CA
 
Trading Experience: None
Platform: NT
Favorite Futures: Futures
 
wilson619's Avatar
 
Posts: 79 since Jun 2010
Thanks: 155 given, 56 received

FWIW

I was (am) having trouble plotting MBox on NT8 when tick replay is enabled. Mike at MBox states it is not necessary to enable tick replay, however if you run other indicators that require it there may be an issue.

That said, I posted this issue on NT8 support and one person replied with the following, "Sounds like the third party indicator is attempting to circumvent the need to use tick replay to get bid ask delta data. And that it's trying to do this by comparing the bid, ask, and last prices from the three separate files which is WRONG because the three files are not synchronized due to the unavoidable fact that many records in the separate files will have the same time stamps therefore cannot be read in the correct order."

Mike has not responded to this comment, but I would be curious to know if this is how it is programmed? I have heard from another source that the cumulative delta totals are notably different.

Wilson

https://ninjatrader.com/support/forum/showthread.php?t=105929

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  #12 (permalink)
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wilson619's Avatar
 
Posts: 79 since Jun 2010
Thanks: 155 given, 56 received

FWIW

Mike, thanks for clearing that up. After posting my initial query and issue on Ninjatrader I didn't hear back from you regarding that comment made about coding Bid/Ask data without tick replay. I was hoping you would respond on Ninjatrader support after that since you acknowledged to me that you read it, but I appreciate your explanation here. Thanks again.

Wilson

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  #13 (permalink)
Elite Member
freasno, ca usa
 
Trading Experience: Advanced
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mboxwave View Post
Here is a Weis Wave vs MBoxWave Wyckoff Trading System - Comparison on NinjaTrader 8
https://www.youtube.com/watch?v=Yk--M7BFigQ&t=10s

Site for MBoxWave is http://mboxwave.com

With the various issues NT8 still seems to have popping would you say mbox package may run more efficiently and more accurately on TradeStation? Can you share your thoughts on the matter as there seem to be a lot of posts still complaining about NT issues, thank you

Sent using the futures.io mobile app

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  #14 (permalink)
Trading Apprentice
Tampa, FL, USA
 
Trading Experience: Advanced
Platform: NT
Favorite Futures: TF, 6E, CL
 
Posts: 29 since Jul 2013
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MBoxWave

Any traders using MBoxWave for day trading Futures? What is your opinion?

On the website is not much decent information about using MBoxWave for trading, only screenshots of charts, zero videos showing trading with real time data.
It looks suspicious without such trading videos.

Maybe the extremely knowledgeable Big Mike can help?

Thank you.


Last edited by Bobo; November 14th, 2018 at 11:51 PM. Reason: wrong typing
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  #15 (permalink)
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London/United Kingdom
 
Trading Experience: Intermediate
Platform: NinjaTrader, Omnitrader
Favorite Futures: Emini YM
 
Posts: 16 since Jun 2017
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MBox videos

Bobo,

Have a look here ...

https://www.youtube.com/channel/UCLKraR4UVif9dszy4DZLXtw/videos

and more specifically ...

https://www.youtube.com/watch?v=RZpv63j34mg&t=5s

If you are an MBoxWave user, irregular emails are sent from Mike (Mike from MBoxWave - not Big Mike).

Personally, I have also highlighted the lack of videos, however, the videos provided are done in such a way that they do sufficiently explain the concepts and provide enough detail and explanation to set up the numerous MBoxWave indicators as well as demonstrate how they interact and how to use them to trade.

MBox Mike - more videos would always be welcome though :-)

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  #16 (permalink)
Trading Apprentice
Tampa, FL, USA
 
Trading Experience: Advanced
Platform: NT
Favorite Futures: TF, 6E, CL
 
Posts: 29 since Jul 2013
Thanks: 2 given, 17 received

MBoxWave


nttradert View Post
Bobo,

Have a look here ...

https://www.youtube.com/channel/UCLKraR4UVif9dszy4DZLXtw/videos

and more specifically ...

https://www.youtube.com/watch?v=RZpv63j34mg&t=5s

If you are an MBoxWave user, irregular emails are sent from Mike (Mike from MBoxWave - not Big Mike).

Personally, I have also highlighted the lack of videos, however, the videos provided are done in such a way that they do sufficiently explain the concepts and provide enough detail and explanation to set up the numerous MBoxWave indicators as well as demonstrate how they interact and how to use them to trade.

MBox Mike - more videos would always be welcome though :-)

Hello.
Thanks. I watched the videos before posting and they have nothing to do with trading using real time data, please see my post again.
His Twitter page is also only about some charts with the indicators and one video having nothing to do with trading using real time data.
I'm familiar with Wyckoff's work for many years, also with the work of David Weiss, which probably inspired MBoxWave, a relatively new software.

Are you using MboxWave for dat trading Futures? Based on your answer, I guess you are not using it.

I wanted some feedback from users of MBoxWave, their opinions resulting from day trading Futures. Why? To have some hints in evaluating the software before investing 1K in buying it.

Regards.

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  #17 (permalink)
Elite Member
Europe
 
Trading Experience: Intermediate
Platform: NT, IB
Broker/Data: IQfeed, IB
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Posts: 121 since Jun 2009
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Don’t they have free trial? If not then it should be no go with them, trial is the must to evaluate, no videos or feedback will do.


Bobo View Post
Hello.
Thanks. I watched the videos before posting and they have nothing to do with trading using real time data, please see my post again.
His Twitter page is also only about some charts with the indicators and one video having nothing to do with trading using real time data.
I'm familiar with Wyckoff's work for many years, also with the work of David Weiss, which probably inspired MBoxWave, a relatively new software.

Are you using MboxWave for dat trading Futures? Based on your answer, I guess you are not using it.

I wanted some feedback from users of MBoxWave, their opinions resulting from day trading Futures. Why? To have some hints in evaluating the software before investing 1K in buying it.

Regards.



Last edited by dk27; November 18th, 2018 at 02:33 PM.
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  #18 (permalink)
Elite Member
London/United Kingdom
 
Trading Experience: Intermediate
Platform: NinjaTrader, Omnitrader
Favorite Futures: Emini YM
 
Posts: 16 since Jun 2017
Thanks: 22 given, 24 received

Trial/Results

Bobo,

I had to make the same decision as you, but with a lot less information than is available now. I did my research and made my choice - it was a bit easier at the time as the intro version of MboxWave was only $100 more than the WeisWave package.

Shortly after my purchase I did a mentorship with David and there were a few awkward conversations about my choices.

At the end of the day, I had already decided that I wanted to trade a Wyckoff methodology and when I compared the products, there was a clear winner, and this is what I based my decision on. I think, if you are determined to trade using Wyckoff principles then a decent wave package is something that you need and once that decision is made, then it is a case of determining which product suits your needs best and gives you the best chance of success.

There is a free package available on futures.io called PAS that does waves and more importantly it is programmable, so maybe you should test your ideas with this before making a purchase/decision.

LizardTrader also has a paid for Swing Indicator that he is developing (not for public release as yet, but it can be purchased if you contact him) and I am one of his beta testers, however this is in it's infancy at the moment.

If you know Wyckoff and have made a decision to trade using Wyckoff and are ready to splash the cash, then there is enough information out there for you to make a decision.

If you want to know more about day trading using Wyckoff, then have a look at Dr Gary's courses as well as read ...

https://futures.io/emini-index-futures-trading/42339-s-p-chronicles-amalgamation...alysis-price-action.html

With regards to my trading I use MBoxWave (mainly wave info/delta volume and 3 stooges algos) on 5 min and 1 point range bars and I daytrade the ES.

As I am working full time I am trying to develop an automated strategy using NinjaTrader and this has good times and bad times - I am not making enough to daytrade full time with my current strategies.

I also use a combination of LT indicators with MBoxWave as well as a paid for trendline tool.

If you don't know what you want, then don't spend your money.

I hope that I have answered all your questions satisfactorily - anyone else who's purchased MBoxWave, feel free to add their views/experiences.

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