EOT Automated System - futures io
futures io futures trading



EOT Automated System


Discussion in Trading Reviews and Vendors

Updated by Big Mike
      Top Posters
    1. looks_one cunparis with 11 posts (3 thanks)
    2. looks_two pedroxp with 11 posts (7 thanks)
    3. looks_3 Silvester17 with 9 posts (1 thanks)
    4. looks_4 Richard with 7 posts (17 thanks)
      Best Posters
    1. looks_one Richard with 2.4 thanks per post
    2. looks_two roonius with 0.8 thanks per post
    3. looks_3 pedroxp with 0.6 thanks per post
    4. looks_4 cunparis with 0.3 thanks per post
    1. trending_up 14,555 views
    2. thumb_up 33 thanks given
    3. group 9 followers
    1. forum 59 replies
    2. attach_file 4 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

EOT Automated System

(login for full post details)
  #21 (permalink)
Denver, CO
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Amp Futures/Zen-Fire
Trading: TF, ES, CL
 
roonius's Avatar
 
Posts: 132 since Jun 2009
Thanks: 20 given, 286 received


cunparis View Post
We have. I have one. Do I use it? No. Why? Doesn't work consistently.

For one they're often wrong. Second, they can split orders so they don't appear to be a big trader. They have different goals, timeframes, etc. On a daily someone sees a setup and buys 1000 contracts. He doesn't care that the market goes down 8 ticks in the next second. But for a scalper it's really important, cause he doesn't care what the market will do tomorrow.

if you use a volume splitter you assume:

1 - big traders are right
2 - they're trading like you

another example, they could be hedging a stock porfolio. They could be playing a spread, buying ES and selling something else.

Overall I couldn't find any edge there. Doesn't mean one doesn't exist.

Just my 2 cents:

Most data feed providers are stacking ticks in order to save bandwith.
Even CME itself (I believe CME only recently decided not to stck ticks any more)

Volume is very very important, but all these "volume splitters" does not make a sense at all.

You might see a "block of 100 es contracts at ask price" and think: oh well... someone
"big and smart" is buying and I am going to be a smart boy and go with the flow.

And there is a huge possibility, that 100 contracts at ask price were nothing else, but 100 trades (stacked by CME) made by "small dumb" traders and you are joining the "dumb crowd"

Reply With Quote
The following 2 users say Thank You to roonius for this post:

Can you help answer these questions
from other members on futures io?
Time Specific Volume Bars for Market Hours? Thinkorswim
ThinkOrSwim
NT8 Options Workspace SetUp-How to?
NinjaTrader
Move indicator on Chart
NinjaTrader
MulitCharts: Limit Order converted to MIT
Platforms and Indicators
Anyone with Overcharts license/experience?
Platforms and Indicators
 
 
(login for full post details)
  #22 (permalink)
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
cory's Avatar
 
Posts: 6,000 since Jun 2009
Thanks: 831 given, 7,839 received


roonius View Post
Just my 2 cents:

....
And there is a huge possibility, that 100 contracts at ask price were nothing else, but 100 trades (stacked by CME) made by "small dumb" traders and you are joining the "dumb crowd"

so back to the question which crowd is this?

Reply With Quote
 
(login for full post details)
  #23 (permalink)
Denver, CO
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Amp Futures/Zen-Fire
Trading: TF, ES, CL
 
roonius's Avatar
 
Posts: 132 since Jun 2009
Thanks: 20 given, 286 received



cory View Post
so back to the question which crowd is this?


I don't care, but crowd is always dumb

Reply With Quote
 
(login for full post details)
  #24 (permalink)
Market Wizard
Columbus, OH
 
Experience: None
Platform: NT 8, TOS
Trading: ES
 
Silvester17's Avatar
 
Posts: 3,545 since Aug 2009
Thanks: 5,011 given, 11,263 received


roonius View Post
I don't care, but crowd is always dumb

the fine black line in panel 2 are trades bigger than 100 contracts. as you can see one could say it's helpful. I'm not using it to see if there's a big buyer or seller. I like it to identify if there's program buying or selling. that's what makes the market move fast in a short time. I'm looking for something better, but not there yet.

I guess sometimes it's good to be dumb.

Attached Thumbnails
Click image for larger version

Name:	ES 12-09  12_4_2009 (5 Min).jpg
Views:	147
Size:	71.1 KB
ID:	5235  
Reply With Quote
 
(login for full post details)
  #25 (permalink)
Denver, CO
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Amp Futures/Zen-Fire
Trading: TF, ES, CL
 
roonius's Avatar
 
Posts: 132 since Jun 2009
Thanks: 20 given, 286 received


Silvester17 View Post
the fine black line in panel 2 are trades bigger than 100 contracts. as you can see one could say it's helpful. I'm not using it to see if there's a big buyer or seller. I like it to identify if there's program buying or selling. that's what makes the market move fast in a short time. I'm looking for something better, but not there yet.

I guess sometimes it's good to be dumb.


My apologies - I did not mean to offend anyone.
My point is strictly that "large blocks" absolutely does not mean a SINGLE trade

It only tells you, that there is a pressure.
Your fine black line in panel 2 ABSOLUTELY does not mean "trades bigger than 100 contracts",
it only means that volume was 100 contracts or more from trades which occured at the same price and were at bid or at ask consequently within predetermined period of time.
It could be 100 single contract trades, or 1 trade of 100 contracts or 4 trades 25 contracts each.

In any case it shows buying or selling pressure and your indicator "predicted" the upmove.

On my chart sometimes Moving Averages crossover predicts that too.:yield:

Reply With Quote
The following 3 users say Thank You to roonius for this post:
 
(login for full post details)
  #26 (permalink)
Market Wizard
Columbus, OH
 
Experience: None
Platform: NT 8, TOS
Trading: ES
 
Silvester17's Avatar
 
Posts: 3,545 since Aug 2009
Thanks: 5,011 given, 11,263 received


roonius View Post
My apologies - I did not mean to offend anyone.
My point is strictly that "large blocks" absolutely does not mean a SINGLE trade

It only tells you, that there is a pressure.
Your fine black line in panel 2 ABSOLUTELY does not mean "trades bigger than 100 contracts",
it only means that volume was 100 contracts or more from trades which occured at the same price and were at bid or at ask consequently within predetermined period of time.
It could be 100 single contract trades, or 1 trade of 100 contracts or 4 trades 25 contracts each.

In any case it shows buying or selling pressure and your indicator "predicted" the upmove.

On my chart sometimes Moving Averages crossover predicts that too.:yield:

sorry can't agree to that.

cme does not bundle trades together. on my chart those are "trades bigger than 100 contracts". checked it with time and sales. if it would be the way you say, it would be a much bigger value.

Reply With Quote
 
(login for full post details)
  #27 (permalink)
Denver, CO
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Amp Futures/Zen-Fire
Trading: TF, ES, CL
 
roonius's Avatar
 
Posts: 132 since Jun 2009
Thanks: 20 given, 286 received


Silvester17 View Post
sorry can't agree to that.

cme does not bundle trades together. on my chart those are "trades bigger than 100 contracts". checked it with time and sales. if it would be the way you say, it would be a much bigger value.

What is time and sales? Same data from the same feed

Reply With Quote
 
(login for full post details)
  #28 (permalink)
Paris, France
 
Experience: Advanced
Platform: Market Delta & Ninjatrader
Trading: ES
 
cunparis's Avatar
 
Posts: 2,565 since Jun 2009
Thanks: 1,162 given, 2,077 received


Silvester17 View Post
sorry can't agree to that.

cme does not bundle trades together. on my chart those are "trades bigger than 100 contracts". checked it with time and sales. if it would be the way you say, it would be a much bigger value.

As of October 2, CME does bundle trades together. What roonius says is true. It is not possible to know if it was one trader or several. All we can know is x number of shares were traded at a specific price (bid or ask). That's it. But I think it's enough to be useful.

Follow me on Twitter Reply With Quote
The following user says Thank You to cunparis for this post:
 
(login for full post details)
  #29 (permalink)
Denver, CO
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Amp Futures/Zen-Fire
Trading: TF, ES, CL
 
roonius's Avatar
 
Posts: 132 since Jun 2009
Thanks: 20 given, 286 received


cunparis View Post
As of October 2, CME does bundle trades together. What roonius says is true. It is not possible to know if it was one trader or several. All we can know is x number of shares were traded at a specific price (bid or ask). That's it. But I think it's enough to be useful.

Nobody exactly knows, but I believe CME is more granular now.
here is a quote from eSignal officials:


Quoting 
As of Sunday 10/4, we are seeing a signifcant increase in the # of ticks being sent by the CME on contracts like ES. There was a change announced by the CME for last Sunday but the behavior change doesn't match the description in that announcement.

As an example, we compared a period of time from 9/29 vs 10/6 on ES #F. The overall volumes were within 10-20% of each other (indicating fairly similiar activity) but the amount of ticks on 10/6 was more than double what we saw on 9/29. We are in contact with the CME and will post further information this week.

This is mostly a heads-up for those that look closely at tick counts or use tick bars (200T for ex) and follow contracts like the e-mini. The aggregrate volumes match the CME's site so we don't believe there's any overall issue. It just appears that where they were combining trades in the past, they are now sending more granual precision.

More to come.

Thanks.


Reply With Quote
 
(login for full post details)
  #30 (permalink)
Portugal
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Zen-Fire
Trading: ES,6E
 
pedroxp's Avatar
 
Posts: 45 since Jun 2009
Thanks: 60 given, 36 received


I'm putting the webinar available again. The indicators cost $233 monthly. you can also check my blog at fialhotrading.com

Keep up!

Visit my futures io Trade Journal Reply With Quote


futures io Trading Community Trading Reviews and Vendors > EOT Automated System


December 10, 2009


Upcoming Webinars and Events
 

Create an automated bot in 15 minutes w/SharkIndicators

Oct 29
 

Bookmap

Oct TBD
 

Carley Garner

Oct TBD
 

GruttePier

Oct TBD
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts