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so i am looking at auction dashboard, or rancho dinero or jigsaw (orderflow anayltics looks overpriced).
anyone care to say which of these they would recommend?
Can you help answer these questions from other members on NexusFi?
You asked pretty much the same question when you started this thread almost a year ago?
Any of these products basically shows the same information just layed out or arranged slightly differently.
I have tried Market delta and Jigsaw and Bookmap. Jigsaw Vista is beta at the moment but the rest of the product works fine so I guess that will be out of beta shortly.
All the products I tried were good, and I am sure the others are too. Which leaves personal preference. Most have a demo or a money back guarantee. You really need to try them and see which one you personally like using.
For myself I have found that simpler is better so just because one has lots of options might not necessarily make it the best one for you. Also I wouldn't focus on price too much. It isn't cheap if you don't actually like it after trying it out.
yeah, the complexity of them meant that I put them aside and concentrated on other aspects.
now that I am starting to make consistent wins I want to introduce orderflow as a way to add a tick or two to entries and possibly keep me in winning trades longer.
BTW if an expensive item like orderflowanalytics had any real advantage I would certinly buy it despite the price.
i have been using auctiondashboard recently which is well priced. but there is so much information that I cant see forest for the trees...
I thought that when I looked at the link somebody posted a few replies ago.
To elaborate on my first reply, I moved from Jigsaw to BookMap a few months ago (just before Jigsaw brought out Vista). I liked the information that Jigsaw gave me, and haven't changed my methodology as such, but after a trial I decided that I prefered the way that Bookmap presented the information. I only mention this in that you might want to try it, in relation to your previous post, because the layout is quite simple but it has all the information I need without the information overload.
I have that chart along with a Daily chart and Market Profile chart for the bigger perspective. If you do try BookMap you can run it off your Ninjatrader data. (I did find though that I needed to put the Bookmap indicator on a small amount of data tick chart in a separate workspace and open it once my main chart workspace was up, and close it before shutting down Ninjatrader, as sometimes opening Ninjatrader with the Bookmap indicator opening at the same time made Ninja freeze. The only thing I disliked about Bookmap, if used on faster moving instruments, was that if I enlarged the field of view to show the past hour or so of data, which tends to be about my default view, then the price levels would reduce to a size below the smallest typeface size so I couldn't see the numbers for the volume and order book. I turned my Bookmap monitor vertical which I have found much better for me).
So following Matthew's comments on bookmap I looked at it for a few days and have now purchased it. I like the fact that it can be used with Ninjatrader (the broker version), TWS, and as a standalone with iqfeed - I have all these.
It's easy to use and seems stable.
I also bought jigsaw which I have been using for a week (mainly the heatmap ): it works well.
Both have the option to return within 15 days but I will probably keep both.
Auctiondashboard I gave up on as there was tooooo much data to watch. Marketdelta - looked good but expensive ..
I'm intrigued by these products which supposedly to help the trader to have more information about the order flow.
I have spent sometime viewing the videos these vendors have on their site and reading through their product descriptions. They spoke about iceberg, absorption, accumulation, momentum etc
Perhaps I'm abit slow but I still don't understand exactly what is the "additional" information or insights these programs actually provides.
Can someone explain to me in simple terms what is the exact order flow information you gained from these software?
