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Best Order Flow software
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Best Order Flow software

  #21 (permalink)
Denver, Colorado
 
Trading Experience: Advanced
Platform: Ninja Trader
Favorite Futures: ES
 
Posts: 2 since Jul 2014
Thanks: 0 given, 3 received


Dxbtrader View Post
Hi, I wanted to know what is the best order flow software out there?
Best being defined as; easy to use, good support, having something that others donít have.

I was looking at Michael Valtos OrderFlows but his reviews are horrendous and Iíve tried to contact him but never had the courtesy of a reply.

As I am new to futures day trading, I would be looking for a company that can provide some level of support.
What is the software people are using?
Pros and cons would be good.

OFA (Orderflowanalytics) is great orderflow software.

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  #22 (permalink)
Dubai, UAE
 
Trading Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Gold, Crude, Emini ES, Futures
 
Posts: 5 since Jun 2019
Thanks: 13 given, 0 received


Meklon View Post
You are approaching the issue from the wrong end. Or, perhaps, you are forming your question incorrectly. Rather than look for Order Flow Software" and "Support from the company that makes the software" you should focus on the concept of LEARNING the Order Flow and how to apply it and integrate it into your trading. All OF tools are just TOOLS and without solid understanding of what it does and how to use it you will have an equal chance of failing regardless of what OF software you will use. The concept of Order Flow is meant to help trader to analyze market auction by looking at it from the different angle and to use this information to supplement the decision making process. You must know how to read and understand the CONTEXT of the market first before you even get to the Order Flow. This is especially important since you are new to Futures Trading. Also, keep in mind that EVERY futures market you trade is different and ANY Order Flow tool or software needs to be tuned and adjusted for each specific market. What works on ES will not work in CL, etc.

My advice would be to find a solid company (or a private mentor) that provides training for TRADING and uses the OF tools to do that. Once you feel confident that you understand the concept of trading you then may start looking for the right tools to accomplish your goals.

I personally use Sierra Chart Package 5 and will not look at anything else. This is the MOST customizable trading software that exists on the market and the most efficient one for your trading machine. It has all tools you can imagine necessary (including the Order Flow), highly efficient and is written in native C++ which makes it very fast and light on computer resources. The are number of OF packages available for Sierra, the one I use is Emoji Trading. They have everything you may need. However, once again, this is NOT a Holly Grail...you MUST KNOW what you are doing!



Thank you, very well thought out response. And I 100% agree that first I should learn the concepts behind order flow. There is so much out there that Iíve got lost, everyone is selling something and it all looks and sounds amazing.

I want to wire my brain, so to speak, the correct way for day trading futures. I had to unlearn somethings to become profitable at swing and portfolio and it took years. I donít want to make those mistakes again. So Iím conscious to get it right from the start. Hope that makes sense.

FIO has helped me a lot, genuinely Iím so grateful for such an amazing community.

Thank you for your response, itís very much appreciated.

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  #23 (permalink)
New York, USA
 
Trading Experience: Advanced
Platform: Sierra Chart
Favorite Futures: RTY, ES, YM, NQ, CL, NG, GC, HG, ZB, ZN
 
Posts: 18 since Oct 2016
Thanks: 19 given, 32 received



Dxbtrader View Post
Thank you, very well thought out response. And I 100% agree that first I should learn the concepts behind order flow. There is so much out there that Iíve got lost, everyone is selling something and it all looks and sounds amazing.

I want to wire my brain, so to speak, the correct way for day trading futures. I had to unlearn somethings to become profitable at swing and portfolio and it took years. I donít want to make those mistakes again. So Iím conscious to get it right from the start. Hope that makes sense.

FIO has helped me a lot, genuinely Iím so grateful for such an amazing community.

Thank you for your response, itís very much appreciated.

Unfortunately, this is the common problem every new trader faces these days - Information Overload. There is an assumption amongst many that the more blinking fancy indicators trader has on his screen, the better chance he has to succeed. This is simply NOT TRUE. I have learned over the years that finding reliable patterns on the chart (yes, you can use Order Flow for this) and being able to recognize them is far more important than timing your entries based on some sort of an indicator or level. Keep it simple, use clean chart so you can recognize what you looking at and understand what drives the market auction. Use whatever tools you feel comfortable (OF may be ne of them).

Good Luck.

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  #24 (permalink)
Lansing Michigan
 
Trading Experience: Beginner
Platform: Nt8
Favorite Futures: Es
 
Posts: 25 since May 2018
Thanks: 38 given, 12 received

https://www.quantsparktechnology.com/

By far the best I have personally found that I personally love for NT8 regarding cumulative delta, orderflow, naked vwaps and 'footprint'.

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  #25 (permalink)
boise idaho
 
Trading Experience: Beginner
Platform: ninjatrader
Favorite Futures: ES
 
Posts: 1 since Dec 2014
Thanks: 0 given, 0 received


Dxbtrader View Post
Hi, I wanted to know what is the best order flow software out there?
Best being defined as; easy to use, good support, having something that others donít have.

I was looking at Michael Valtos OrderFlows but his reviews are horrendous and Iíve tried to contact him but never had the courtesy of a reply.

As I am new to futures day trading, I would be looking for a company that can provide some level of support.
What is the software people are using?
Pros and cons would be good.

Hi. I use Jigsaw, and Dave, the owner, is always responsive. It's very good platform and is of great value. Unfortunately, Jigsaw is transitioning to a stand alone platform. It' called DayTrader. I have never used it. I still use NT7, and the Jigsaw software is nearly flawless. There is a NT8 platform but it is missing some elements that are in NT7. When Jigsaw completes the NT8 platform, I would definitely purchase the Jigsaw platform. Good Luck.

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  #26 (permalink)
Houston + Texas / United States
 
Trading Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 24 since Nov 2013
Thanks: 3 given, 18 received

You mention you are new to trading. First rule I have learned: is not the tool, itís the trader.
If you are ďtool-biased,Ē you are looking at a $10,000 tool chase; and, you will never get there.
The best tool there is, is between your ears. Learn to use that tool first with whatever free software you find. Ninja is got tons of tools you can use.

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  #27 (permalink)
Hilo Hawaii
 
Trading Experience: Beginner
Platform: NinjaTrader8
Favorite Futures: Emini ES, Crude CL, Emini NQ
 
Posts: 1 since Sep 2018
Thanks: 0 given, 0 received

I use nt8. It has all the order flow tools. The only drawback is you have to purchase the life time license. Nt8 has so much 3rd party indicators and is an open source program so you can create your own programs.

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  #28 (permalink)
los angeles, ca/usa
 
Trading Experience: Intermediate
Platform: Metatrader 5/CQG
Broker/Data: AMP FUTURES/CQG
Favorite Futures: ES
 
Kiks's Avatar
 
Posts: 43 since Oct 2012
Thanks: 95 given, 26 received

I use YuClusters for Metatrader5

I purchased YuClusters for Metatrader5. It is a lifetime license for 5 activations. Cost right now is $55.
https://www.mql5.com/en/market/product/2835

It has cumulative volumes of DOM, VWAP, Volume Imbalance Footprint, Deltas, MAs, Volume Profile, POC, Time&Sales, Block Trades, Tick Chart, Range Chart, Time Chart with custom seconds.

Once you are familiar with the tool, but you find the scrolling data to be too fast to comprehend, Metatrader5 programming language MQL5 will provide you with all the live data into your program so you could write your algorithm and automate your trades.

All of the texts and graphics disappear during live trading to remove the extra load on the cpu. In live trading I only have my program (written in MQL5) and a simple 1-min chart with no indicators.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Last edited by Kiks; June 19th, 2019 at 04:20 PM.
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  #29 (permalink)
Jacksonville Florida USA
 
Trading Experience: Beginner
Platform: NT8
Favorite Futures: ES, NQ
 
Posts: 2 since Apr 2018
Thanks: 0 given, 1 received

Rancho Dinero

I've used Rancho Dinero for order flow going on 2 years. About 10 years ago I used Market Delta.

My personal opinion is keep it simple, pick a tool and stick with it. I would base the solution on NinjaTrader so you have flexibility.

In terms of competitive advantage, I like the Flowdometer approach which is similar to heatmaps of the order book. Rancho has a lot of configurability, so it takes time finding what you like and how you interpret what you're seeing. They don't offer much in terms of HOW you use their tools. e.g. setups. But that's all up to you anyway as there are too many variables. They provide enough to get started.

Hope that helps.
VSPEEDS

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  #30 (permalink)
West Kelowna British Columbia/ Canada
 
Trading Experience: Intermediate
Platform: NJT MT4
Broker/Data: AMP / CQG
Favorite Futures: ES
 
Posts: 3 since Oct 2013
Thanks: 5 given, 1 received

OrderFlow Software


Yes NT8 with lifetime licence is the best way to go. Market Profile and Order Flow included.

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