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Has anyone tried HFT Alert?


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Has anyone tried HFT Alert?

  #1 (permalink)
 streetfightman 
vancouver bc
 
Experience: Beginner
Platform: multicharts
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I'd love to hear some reviews.

https://www.hftalert.com/

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  #3 (permalink)
 
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 matthew28 
United Kingdom
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Solely from spending 5 minutes on their website the description of the Accumulator is just a plot of the cumulative delta (the pink Accumulator line) and a second line, the cyan one, is a moving average of it. There also seems to be the option to set it to show order book imbalances if the book is heavily stacked one way or another. Pretty basic stuff and very expensive at $284/month.
The Delineator is an oscillator. It would have to be pretty special to be worth another $284/month.
I can't see anything that stands out as being particularly relevant to HFTs but presumably that is just a cool name to entice newbies who have heard that HFTs are the enemy and beating them is the way to trade like the real pros and make big money.

You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
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  #4 (permalink)
 streetfightman 
vancouver bc
 
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Platform: multicharts
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WOW! Thank you for clarifying that. holy smokes

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  #5 (permalink)
 
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 matthew28 
United Kingdom
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@streetfightingman

Rereading what I said it sounds too definitive. I dislike opinions stated as if they are facts so I should emphasise that that is just my opinion from looking at the website rather than having purchased or used the software. Maybe some other people will be able to come forward with actual positive user experience.

The website seems to be mostly talking about stocks. I have never traded the stock market so don't know if things like being able to measure the depth of the order book and see if there is an imbalance, or plot what they are describing as cumulative delta; are difficult things to do for stocks. But in the futures market it is pretty common place and similar things are available in a lot of platforms, or free downloads, or for a lot cheaper (all depending on your platform).

From the Accumulator examples and description it sounds like the main suggested use is as a divergence indicator with price when price has reached a resistance or support area as "Once you define a range, the Accumulator will tell you whether support or resistance will hold or fail"-The Accumulator Basics page. There are lots of divergence indicators available, ie. RSI, MACD, slow stochastics etc. and none of them will definitively tell you that, though they can still be useful.

You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
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 Analytic 
New York NY/United States
 
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vstolyarov View Post
ya same I follow hft alert posts on twitter it seems like he does probably have an edge with his strategy. Wanna see people review it as whoever tried it already.



based on his twitter: https://twitter.com/HFTAlert I can't tell anything

All vendors tend to make it seem they have an edge with their marketing

Where are the long term statistics for MFE/MAE, Win Rate%, MAXDD ? They all seem to be missing.

I suppose you could put together a win rate based on his trade journal that goes back a few years however he only posts wins and losses no MAE numbers so no way to calculate a risk adjusted return.
also nothing is verified by a regulated 3rd party.



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