Order Flow Analytics (www.orderflowanalytics.com) - Vendors and Product Reviews | futures.io
futures.io futures trading


Order Flow Analytics (www.orderflowanalytics.com)
Started: by eminitrader Views / Replies:117,764 / 302
Last Reply: Attachments:16

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.


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, and we will never resell your private information.

-- Big Mike

Reply
 16  
 
Thread Tools Search this Thread
 

Order Flow Analytics (www.orderflowanalytics.com)

  #171 (permalink)
Elite Member
Charlottetown, Prince Edward Island
 
Futures Experience: Advanced
Platform: Ninja
Broker/Data: Optimus - Rithmic
Favorite Futures: GC
 
WolfieWolf's Avatar
 
Posts: 232 since Jul 2010
Thanks: 100 given, 267 received

I did the full OFA course / software a couple of years ago. DB is a great guy an amazing teacher and probably a good trader. My personal experience is this. DB teaches a lot more than just OFA including correct risk management, position sizing and some very cool range projection methodology that has become core to my trading strategy. The range projection stuff alone was worth the price of the course, so I'm a satisfied customer. The OFA element, in isolation, IMO is no better or worse than any other method that gives you some kind of an edge. In my experience I derived significant value from DB's personal and professional mentorship but I don't use OFA in my trading, in fact I never executed live with it. He teaches Market Auction theory... you could read Dalton and Stedlemeyer too. I hope I was allowed to say all that Mike, it is my personal experience. I hope you were okwith that too DB as I have lot of respect for you.

Reply With Quote
The following 3 users say Thank You to WolfieWolf for this post:
 
  #172 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 45,663 since Jun 2009
Thanks: 29,045 given, 80,704 received


WolfieWolf View Post
I hope I was allowed to say all that Mike

Anyone is allowed to say anything, so long as they are speaking from experience. Good or bad.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #173 (permalink)
Elite Member
Naples Italy
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-fire
Favorite Futures: Currency futures
 
Posts: 2 since Jan 2010
Thanks: 1 given, 0 received

OFA Licence to transfer


Hello everyone

I'm not trading anymore ....is anyone interested in the OFA core Licence?
The software is very good and support too!

Please contact me if interested!!!!

Reply With Quote
 
  #174 (permalink)
Elite Member
Grand Rapids, Michigan, United States
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: TF, 6E
 
Posts: 318 since Dec 2010
Thanks: 263 given, 111 received

It's Interesting

...to me that if this software is so good, why does it seem so many are selling it?

Reply With Quote
The following user says Thank You to maxreturn for this post:
 
  #175 (permalink)
Elite Member
Naples Italy
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-fire
Favorite Futures: Currency futures
 
Posts: 2 since Jan 2010
Thanks: 1 given, 0 received

Futures Edge on FIO

Which products do you trade?

 

maxreturn View Post
...to me that if this software is so good, why does it seem so many are selling it?

because a software is just a software and the education coming with the software is just that....education!
I take full responsability for blowing out my account, the responsability is in me because I was not disciplined enough to follow rules and was too emotional in trading.

second...because OFA is the only company allowing to pass the live licence to someone else. other company take your money and say goodbye.

I decided to give away my licence because I don't want to trade anymore and not because the software is not good. Actually it's very good and the support and education is very good too, but the problem is in me, so...... ;-)

Reply With Quote
 
  #176 (permalink)
 Vendor: orderflowanalytics.com 
San Antonio, TX, USA
 
Futures Experience: Advanced
Platform: OFA, Ninja, eSignal, R-Trader
Broker/Data: Dorman/ZenFire + IQfeed + eSignal
Favorite Futures: ES, 6E, 6B
 
OrderFlowAnalytics's Avatar
 
Posts: 53 since Dec 2010
Thanks: 17 given, 72 received


futuretrader View Post
I can understand not allowing people to resell their licences, though it's a bit tough when the software is so expensive and there's no trial.

But not allowing customers to talk about whether they find it useful or not seems excessive, if not paranoid. We're not dealing with state security here.....

Have any of you ever dealt with attorneys? It is their job to come up with stuff like this. As previously mentioned over and over in here - OFA is more than happy to transfer a license as long as it is done through us. I'm not aware of any other company that has this flexibility. Let's face it - there are a lot of people that just flat out are never going to be traders - regardless of education, software or the insane dreams they have in their heads.

Regardless of the legal jargon in the agreement, I dont care what you say about OFA and your results. I will have the agreement amended to exclude the nonsense about publishing results.

As for license transfers, wouldn't you like to have the option to sell even half of the stuff you've bought over the years? Most people do this anyway under the table and the buyer is stuck with a dependency on the seller actually notifying them of upgrades, support issues, etc. Good luck with that. Transfer a license through us and you are actually part of the support community. Buy it unregistered and you are on your own.

Good Trading to All,

DB

It now reads: 3.3 You shall not sell, rent, lease, lend, sublicense, distribute, or otherwise transfer or provide access to the Software (or any part thereof) to any person, firm, entity, or any third party without OFA’s prior written consent.

If you have any questions about the products or services provided by Order Flow Analytics, please send me a Private Message or use the BMT "Ask Me Anything" thread.

Last edited by OrderFlowAnalytics; August 1st, 2013 at 06:40 PM. Reason: To clarify changes in agreement
Reply With Quote
The following 5 users say Thank You to OrderFlowAnalytics for this post:
 
  #177 (permalink)
Elite Member
Pittsburgh, Pennsylvania
 
Futures Experience: Advanced
Platform: Ninja Trader
Favorite Futures: 6E, CL, Anything that moves
 
Posts: 314 since Jun 2012
Thanks: 321 given, 88 received

Hello Guys...

I tried OFA and it is not for me... I am more of a visual guy not a Footprint guy and so OFA is not for me that much.

I do a lot better with charts and such

So I am willing to sell my licence forward if any of you guys want it. Just PM me if you want the details on that.

It is very robustly built - It never crashed on me or anything and I was using it on ES, 6E and CL...

But I like trading from charts - better than footprint.

If you like footprint reading and you want this one just let me know. Send me a PM. I don't use it - it is just sitting there so we can negotiate a good price.

Cya...

Reply With Quote
 
  #178 (permalink)
Elite Member
Berlin Germany /Alicante Spain
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: DDT/Rithmic, Global/CQG, IB, Mirus(Ninja)/MarketDelta
Favorite Futures: Futures
 
Posts: 148 since Jan 2010
Thanks: 362 given, 66 received

Seeking License

Dear members,
I am looking for an OFA license so if anyone wants to sell his OrderFlowAnalytics License please send me a PM.
Thank you. Kind regards.
resist

Reply With Quote
 
  #179 (permalink)
Elite Member
Toronto
 
Futures Experience: Beginner
Platform: Ninja Trader
Broker/Data: AMP FUTURES/ZENFIRE
Favorite Futures: YM
 
Raj1's Avatar
 
Posts: 167 since Jul 2009
Thanks: 252 given, 55 received


paganini View Post
Most of what OFA has is not proprietary nor black box. Once you go through the training you'll know.

The tracker is proprietary - i have a 11 years working experience as a software engineer so i knew exactly which part of his software is proprietary which isn't.

OFA's plot of the volume chart is unique (and no software does this, but the logic is CLEARLY explained in the training).

Not quite sure what the legal status of rebroadcasting/posting images from the chart is, so I won't post the images. However, one of the trades i took was at 8:40 pm tonight. It was simply a COT change (it shows -300 contracts and changing to +400 which is A LOT in overnight trading). I was originally short at 1303.25 and saw it move against me. Took a small loss at -2 ticks.

Now, the high of the day was 1304.25. And the ES closed near the high. The expectation from everyoe is that it wll drop over night. It should after an extended rise and practically the entire day was a strong move up. I went in on a responsive selling peeriod and saw the COT turning. Naturally i knew that i was wrong and took a quick -2 tick loss.

However, since we're at the day high (loss was 1303.75, high was 1304.25, 2 ticks away) Chances are really good that it will attempt break out.

Why? Not because it will break - it's beceause institutional investors want to get filled with retailer's stops. The chart shows about 500-600 contracts at teh bid/ask between 1303.50 and 1304.25. When the market finally broke the high, it shot up because there is no market depth overnight other than the limit sellers who are eager to short against those stops outs. The prices tick to 1307.50. My original target was 4 ticks but my ATM strategy has a 3 point target (i always manage it myself). Well, it hits it in 3 seconds after the break out. It was literally stops after stops.

Those 500-600 contracts at the bid at 1303.75-1304.25 ends up at 1305.50 and 1305.75 at the ask with ZERO trade at the bid (after hours). The data shows 8:46:14 to 8:46:16 as the trade period for that rotation yep, 3 seconds of stop out and shot up 3 points.


Everyone of those shorts as well as the market stop buy orders got stopped out because the market shoots up 3 points and falls back down through the range and now is below the day's high.

Total gain in 5 minutes: 2.50 points. Check out the spike on your chart at around 8:46 pm central time (big spike up, eh? Yup, institutional investors causing retailers to stop out to take their contracts and sell to their buy out orders). Much harder to do during day time but easily manipulated after hours at night.

Those stop outs? the cluster shows 1.75 ticks (or close to 2 points). Amazing, isn't it? I wonder how many ES traders uses 2 point stops... look around at the systems out there, most are using 2 points as a stop. And everyone who shorted (and remember, I DID SHORT but OFA tells me that i'm about to get nailed, so i took the small 2 tick loss and changed my position). Also, my tracker which was showing a positive 200 contracts for me was showing -140 when i exited. 340 contracts shifted after i entered the market in overnight is a lot of volume.

COT, etc. are not proprietary, it's just a measure of the number of traders in the rotation process. Again, all covered in the training.

The stuff that is proprietary are the tracker software (not the contract counting but the automation stop out and target out levels), the gold market depth alert signals, the volume pivots (algorithmic pivots) genreated by their server which is used as a potential targets area, are proprietary. The rest isn't. However, the way the volume charts are printed is unique - there is no fixed length of volume length (unlike Gomi or Market delta or time based or range bars, it's none of the above). The logic though is clearly explained in the training.

Maybe Big Mike can ask OFA to do a presentation - i know OFA has done several for Mirus and you can see it on their youtube.com channel:

OrderFlowAnalytics's Channel - YouTube

Their stop run one is particularly interesting. We see it all day long on those volume levels and stop out levels.

Hi

How do you make use of Cumulative delta and delta values printed on each order flow bar's top / bottom based on up bar / down bar for your entries?

A theoretical explanation may help

Thanks

Reply With Quote
 
  #180 (permalink)
Elite Member
Bangkok
 
Futures Experience: Beginner
Platform: NT
Broker/Data: IB/IB,Mirus Futures/Zen-Fire, AMP/CQG
Favorite Futures: CL,YM, TF
 
Posts: 125 since Feb 2013
Thanks: 23 given, 49 received


Anyone know if Bloodhound has access to OFA data?

Reply With Quote

Reply



futures.io > > > > Order Flow Analytics (www.orderflowanalytics.com)

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

2016 True Edge Awards: Voting is open until Jan 21!

Now
 

Anthony Drager: Pulling the trigger with confidence

Elite only
 

Leo Murphy: The Art and Science of Technical Analysis

Elite only
 

FuturesTrader71: Ask Me Anything

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Order Flow help! FredyMegaG The Elite Circle 24 February 12th, 2014 02:06 PM
Order Flow Trading Concept Sleektrader The Elite Circle 16 September 3rd, 2012 06:47 PM
Order Flow Advice pbylina The Elite Circle 6 June 27th, 2012 11:33 PM
Does anyone have Order FLow Analytics indicator for Ninjatrader FHTrader The Elite Circle 18 June 27th, 2012 08:13 PM
ORDER FLOW TRADING PLATFORM astrading Platforms and Indicators 4 March 14th, 2011 10:47 PM


All times are GMT -4. The time now is 03:56 AM.

no new posts
Page generated 2017-01-22 in 0.19 seconds with 20 queries on phoenix via your IP 54.163.112.69