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MBOXX ( similar to Weis Wave )/Wyckoff


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MBOXX ( similar to Weis Wave )/Wyckoff

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  #291 (permalink)
 David_R 
San Jose, Ca
 
Experience: Beginner
Platform: Ninja
Broker: AMP/CQG
Trading: Something moving
 
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Posts: 1,565 since Nov 2009
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I believe Mike and Matt had some kind of falling out that resulted them in parting ways.

Who's to say which software is better. Whatever works to help someone be profitable is the best tool.

Me personally. I like Mbox. Mike has numerous videos on youtube showing live trades. He has done a number of Webinars that are useful. He has a Discord room and comments in there. The Mbox package has other indicators that Matts version doesn't have that I can tell. Mbox has cumulative delta for overall buying and selling. The Mbox histogram which is supposed to be an indication of buying and selling. The Swing indicator is not Delta or volume according to Mike. He calls it Precision Delta which is supposed of have a complex algorithm that does more than just subtract Bids form offers. I am not a coder and have no idea what's involved in creating the indicator.

Mike refers to the numbers in the swings supply and demand. Version 3.0 has XKontrol dots which gives indications if the bids or offers are in control and Xpace which is an upgrade to Mpace which is like a speed of the tape. There is also the Auto Floor Ceiling. this is like support and resistance areas that are drawn on the chart if one chooses to use the indicator. The idea with Mbox is to find trades with the software where multiple pieces of evidence or confluence come together. Mike even talks about this in his last webinar where he describes aggressive vs. conservative trade entries. If considering short there should be supply first . With the supply should come selling indicated in the Mbox histogram. To add to the confluence the Cumultive delta should be negative and or growing in the negative direction. The Xpace should show bids in control and the Xkontrol dots should as well. You can ad structure to the equation such as support or resistance such as prior days highs and lows. For a short a swing low may get taken out or a lower high gets formed.

Of course it's not easy and there are nuances to learn. You can have high reading of demand or supply that turns out to be Effort vs. Reward, a Wyckoff term. In other words, there is a lot of demand available, but no interest or buyers, so that is Effort with the demand and lack of reward with no buying. Effort vs. Reward if read correctly can be a nice setup. I've included a chart as an example:

I'm not affiliated with MBOX. I do own the software. Feel free to ask any questions. Images from Miles video that I marked up. Not my trade. By the way, regardless of method or strategy I believe it's the psychology of the individual that is key.


mbox1 indicators


mbox1 trade

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  #292 (permalink)
 Dolomick 
Los Angeles California
 
Experience: Intermediate
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David_R View Post
I believe Mike and Matt had some kind of falling out that resulted them in parting ways.

I kinda thought that may have happened, seems fairly common in the trading world. Thanks for the detailed answer.

One simple question - he lists the Three Stooges and two others as "Algorithmic" signals, can those be used as strategies in an automated trading system then?

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  #293 (permalink)
 David_R 
San Jose, Ca
 
Experience: Beginner
Platform: Ninja
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I don't know about the algos being used in a strategy. You can email Mike and he can address that. I believe he is responsive to questions.

D


Dolomick View Post
I kinda thought that may have happened, seems fairly common in the trading world. Thanks for the detailed answer.

One simple question - he lists the Three Stooges and two others as "Algorithmic" signals, can those be used as strategies in an automated trading system then?


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  #294 (permalink)
 Dolomick 
Los Angeles California
 
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Posts: 13 since Jul 2019
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iq200 View Post
One massive difference on NT8 is that Mattís system needs Replay Data. Mboxx doesnít. Replay data can slow down some computers.


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Iím new to the platform so pardon my ignorance, but is that needed even for real time trading or just for back testing purposes with that product?

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  #295 (permalink)
cmelody
Zaanstad, Netherlands
 
 
Posts: 15 since May 2023
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Dolomick View Post
Iím new to the platform so pardon my ignorance, but is that needed even for real time trading or just for back testing purposes with that product?

I am an owner of both systems so I think I can answer this question. What is meant by Replay data I believe is Tick Replay. Matt's system requires Tick Replay to be enabled for it to work, while MBox only requires Historical Tick data. Tick replay was Ninja's way of accessing ticks before they came out with Order Flow +, which they redid a lot of things and made it so you can just use Historical Tick data instead without the Tick Replay. This gave a large performance boost since using Tick Replay is slow. Also, using Tick Replay on higher time frame charts like 1 hour and up is practically unusable since it takes forever to load. The solution offered by Ninja was to not use Tick Replay and to just use Historical Tick Data instead, which solved that performance problem.

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  #296 (permalink)
 Dolomick 
Los Angeles California
 
Experience: Intermediate
Platform: Sierra Chart
Trading: Emini ES
 
Posts: 13 since Jul 2019
Thanks: 2 given, 5 received

Got it, thanks. Which system do you primarily use/prefer nowadays?

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  #297 (permalink)
cmelody
Zaanstad, Netherlands
 
 
Posts: 15 since May 2023
Thanks: 0 given, 4 received


Dolomick View Post
Got it, thanks. Which system do you primarily use/prefer nowadays?

I came to Matt's NOBS system first about 2 years ago (did not know about MBox), but then I heard some of the members of NOBS talk about MBox. Then I found out that basically Mike ended the working relationship with Matt (for some reasons), and Matt's response to this was he hired some programmers and copied some of the MBox indicators and called it NOBS. It's like a fraction of the indicators compared to what the whole MBox System has.

For long term, I would say MBox is the better choice because Mike is a programmer and Trader. For me that is a huge plus because MBox gets new features and indicators over time. Besides that I find the MBox tools to be better suited for me, as I can count more points of confluence before taking a trade than with Matt's system, which has less indicators in it.

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Last Updated on May 30, 2023



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