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Trading: Oh what a tangled web I weave, When I want to take profits in trading
Frequency: Several times daily
Duration: Years
Posts: 1,740 since Nov 2014
Thanks Given: 3,427
Thanks Received: 3,008
Hi
I would like to get feedback from Algovisor users please.
I have used JigSaw before which is an awesome tool but I like something visual rather than numbers. Algovisor could fill that need but looks a bit complicated from the pictures. I found one screenshot in futures.io (formerly BMT) forum with no comments. Even the vendor has only 2 posts here! I couldn't see any webinar either. Google search showed very little 3rd party info.
If I can customise to filter out the noise so that I see only big bulk order or ice berg orders, then I could integrate this well to my volume and Delta based trading method. Would be very interested to hear from current or past users. Thanks
Can you help answer these questions from other members on NexusFi?
Trading: Oh what a tangled web I weave, When I want to take profits in trading
Frequency: Several times daily
Duration: Years
Posts: 1,740 since Nov 2014
Thanks Given: 3,427
Thanks Received: 3,008
It looks like NOT many have heard about algovisor. No response so far despite reasonable views. I became proactive and took up their free offer. I will give my experience and verdict within a week or so.
In the meantime, I read more about a similar product Bookmap, whose review is available here in futures.io (formerly BMT). Some seem to like it but others prefer Jigsaw. That looks like an interesting product too but X-ray vision of black and white is too bland for me. Morover, the customisation option seems limited but I may give that a try too. It's not free but has money back guarantee within 2 weeks.
Please note that I am NOT planning to use them as scalping tools but rather understand market particpants behaviour in general. I may use to refine my entries or exits at specific price points.
I don't want to lose the sight of the forest for the trees
I tried this a few months ago. Some of the tools looked like rips of Nanax(JTOOLS). I was after a Jtools style depth mapper, but couldn't configure what I wanted. To be honest I gave up after about 30min, so don't let me put you off.
"Free markets work because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can"
Trading: Oh what a tangled web I weave, When I want to take profits in trading
Frequency: Several times daily
Duration: Years
Posts: 1,740 since Nov 2014
Thanks Given: 3,427
Thanks Received: 3,008
I have decided NOT to pay for this tool. Actually it can be very useful tool for my trading style but it has 3 big drawbacks.
First is the price. At 60 Canadian dollars a month, it's VERY expensive. I believe you have the option to buy it, like Jigsaw or bookmap but costs well over 2000 dollars. I think the pricing is a joke. Especially for a tool which is hardly used or known, as far as I can tell from the response here.
Second reason is the LACK of option to filter out smaller trades in the order flow MAP. The order flow RUN has that option but not the map version which I liked. Since JigSaw has those features and more, which I already bought, I don't see any additional advantages.
Finally, the support. i.e help to read the order flow patterns. Apart from the brief but useful homepage videos, there is JUST 1 Youtube video in Russian, possibly by the developer. I couldn't find ANY third party review or feedback.
Hence, I decided not to pay extra for this tool but will consider, if it becomes cheaper, (lot cheaper actually) or add additional features to filter out small trades. Until then, I will wait.
