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MBOXX ( similar to Weis Wave )/Wyckoff


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MBOXX ( similar to Weis Wave )/Wyckoff

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  #11 (permalink)
San Diego, CA
 
Experience: None
Platform: NT
Trading: Futures
 
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Posts: 81 since Jun 2010
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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)
San Diego, CA
 
Experience: None
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wilson619's Avatar
 
Posts: 81 since Jun 2010
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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)
freasno, ca usa
 
Experience: Advanced
Platform: ninja trader
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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 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

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  #14 (permalink)
Tampa, FL, USA
 
 
Posts: 28 since Jul 2013
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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.

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  #15 (permalink)
London/United Kingdom
 
Experience: Intermediate
Platform: NinjaTrader, Omnitrader
Trading: Emini YM
 
Posts: 16 since Jun 2017
Thanks: 22 given, 33 received

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)
Tampa, FL, USA
 
 
Posts: 28 since Jul 2013
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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)
Europe
 
Experience: Intermediate
Platform: NT, IB
Broker: IQfeed, IB
Trading: ES
 
Posts: 156 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.


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  #18 (permalink)
London/United Kingdom
 
Experience: Intermediate
Platform: NinjaTrader, Omnitrader
Trading: Emini YM
 
Posts: 16 since Jun 2017
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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.

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  #19 (permalink)
detroit,mi
 
Experience: Beginner
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Trading: NQ
 
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Posts: 410 since Sep 2011
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@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

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  #20 (permalink)
Legendary Market Wizard
Calgary, Alberta
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Kinetick
Trading: ES
 
JonnyBoy's Avatar
 
Posts: 1,448 since Apr 2012
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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.

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