MBOXX ( similar to Weis Wave )/Wyckoff - futures io
futures io



MBOXX ( similar to Weis Wave )/Wyckoff


Discussion in Trading Reviews and Vendors

Updated
      Top Posters
    1. looks_one JonnyBoy with 20 posts (32 thanks)
    2. looks_two Lfx987 with 19 posts (29 thanks)
    3. looks_3 Oriole with 15 posts (10 thanks)
    4. looks_4 Tradarr with 11 posts (4 thanks)
      Best Posters
    1. looks_one astroboy69 with 15 thanks per post
    2. looks_two nttradert with 7.8 thanks per post
    3. looks_3 JonnyBoy with 1.6 thanks per post
    4. looks_4 Lfx987 with 1.5 thanks per post
    1. trending_up 62,464 views
    2. thumb_up 255 thanks given
    3. group 72 followers
    1. forum 190 posts
    2. attach_file 24 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

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

 
Search this Thread
 

MBOXX ( similar to Weis Wave )/Wyckoff

(login for full post details)
  #11 (permalink)
 wilson619 
San Diego, CA
 
Experience: None
Platform: NT8
Trading: Futures
 
wilson619's Avatar
 
Posts: 83 since Jun 2010
Thanks: 200 given, 70 received

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

Reply With Quote

Can you help answer these questions
from other members on futures io?
Pause calculation When Position is Open-Backtesting
ThinkOrSwim
Simple code to end my indicator
NinjaTrader
2003 Nymex Symposium
Traders Hideout
Running two strategies on one chart; Has anyone done it …
MultiCharts
Mack + Order Flow
Emini and Emicro Index
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Spoo-nalysis ES e-mini futures S&P 500
51 thanks
Are you sure that your broker cant spy your trades and w …
19 thanks
Would you share your Holy Grail?
16 thanks
Want your NinjaTrader indicator created, free?
15 thanks
Big Mike in Ecuador
14 thanks
 
(login for full post details)
  #12 (permalink)
 wilson619 
San Diego, CA
 
Experience: None
Platform: NT8
Trading: Futures
 
wilson619's Avatar
 
Posts: 83 since Jun 2010
Thanks: 200 given, 70 received

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

Reply With Quote
 
(login for full post details)
  #13 (permalink)
 planetmoto 
freasno, ca usa
 
Experience: Advanced
Platform: ninja trader
Trading: forex
 
Posts: 103 since Apr 2013
Thanks: 49 given, 81 received



mboxwave View Post
Here is a Weis Wave vs MBoxWave Wyckoff Trading System - Comparison on NinjaTrader 8


Site for MBoxWave is https://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 https://futures.io%20mobile%20app

Reply With Quote
 
(login for full post details)
  #14 (permalink)
Bobo
Tampa, FL, USA
 
 
Posts: 28 since Jul 2013
Thanks: 2 given, 19 received

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.

Reply With Quote
 
(login for full post details)
  #15 (permalink)
 nttradert 
London/United Kingdom
 
Experience: Intermediate
Platform: NinjaTrader, Omnitrader
Trading: Emini YM
 
Posts: 16 since Jun 2017
Thanks: 22 given, 36 received

Bobo,

Have a look here ...

[yt]https://www.youtube.com/channel/UCLKraR4UVif9dszy4DZLXtw/videos[/yt]

and more specifically ...



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 :-)

Reply With Quote
The following 3 users say Thank You to nttradert for this post:
 
(login for full post details)
  #16 (permalink)
Bobo
Tampa, FL, USA
 
 
Posts: 28 since Jul 2013
Thanks: 2 given, 19 received


nttradert View Post
Bobo,

Have a look here ...

[yt]https://www.youtube.com/channel/UCLKraR4UVif9dszy4DZLXtw/videos[/yt]

and more specifically ...



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.

Reply With Quote
The following user says Thank You to Bobo for this post:
 
(login for full post details)
  #17 (permalink)
 dk27 
Europe
 
Experience: Intermediate
Platform: NT, IB
Broker: IQfeed, IB
Trading: ES
 
Posts: 164 since Jun 2009
Thanks: 201 given, 135 received

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.


Reply With Quote
The following 2 users say Thank You to dk27 for this post:
 
(login for full post details)
  #18 (permalink)
 nttradert 
London/United Kingdom
 
Experience: Intermediate
Platform: NinjaTrader, Omnitrader
Trading: Emini YM
 
Posts: 16 since Jun 2017
Thanks: 22 given, 36 received

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 ...



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.

Reply With Quote
The following 6 users say Thank You to nttradert for this post:
 
(login for full post details)
  #19 (permalink)
 sudhirc 
detroit,mi
 
Experience: Beginner
Platform: NT
Trading: NQ
 
sudhirc's Avatar
 
Posts: 413 since Sep 2011
Thanks: 1,707 given, 463 received

@nttradert

Is there a lag in printing volume or delta volume for the waves?
Can you tell whether the signals are in real time? and does not repaint.

Thank you,
Sudhir

Reply With Quote
 
(login for full post details)
  #20 (permalink)
 JonnyBoy 
Market Wizard
Montreal, Quebec
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Kinetick
Trading: ES
 
JonnyBoy's Avatar
 
Posts: 1,559 since Apr 2012
Thanks: 706 given, 3,767 received



sudhirc View Post
@nttradert

Is there a lag in printing volume or delta volume for the waves?
Can you tell whether the signals are in real time? and does not repaint.

Thank you,
Sudhir

Like any indicator that is measuring waves or rotations, there has to be a set criteria (usually user definable) when a wave is complete vs. still in progress. For example, price would have to rotate a certain number of ticks or points in the opposite direction (and close) to define the wave has completed and a new one in the opposite direction has started.

It is at this transition where it flickers between a new wave in the opposite direction and a continuation in the existing direction that you could consider "lag" or 'unconfirmed". There is no other way to code a wave / rotation indicator that sees every incoming tick.

The infamous PAS indicator notoriously repainted itself. It is an excellent indicator but it does repaint. It has to, that is the nature of what it is calculating. PAS charts look great in historical but real time is a different story.

Same goes here. That software / website you are referring to appears to be full of chart porn. I.E. charts that were cherry picked to isolate the perfect world setup, ensuring that X aligns with Y to get to Z.

I didn't see any live trades taking place because he probably doesn't trade. He writes software.

So if you did know the deltas and volumes on every wave, what would you do with that information?

He probably doesn't offer a trial because he knows once you use it, you can't replicate in live trading with real money. All vendors should allow a free trial, but that is a topic for another day.

--------------------------------------------------------
- Trade what you see. Invest in what you believe -
--------------------------------------------------------
Reply With Quote
The following 5 users say Thank You to JonnyBoy for this post:


futures io Trading Community Trading Reviews and Vendors > MBOXX ( similar to Weis Wave )/Wyckoff


Last Updated on July 22, 2021


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts