A Jack of Small Trades

Today is one of the milestone in the history of day trading.

Today is the day that NinjaTrader has released the beta version of NinjaTrader 8 to its user community.

What you see here is the NinjaTrader 8 and you will notice that the bars are color coded.

This color coding represents different levels of buying pressure, selling pressure, sweeps of orders in the order book and exhaustion in the order book.

Prior to the release of NinjaTrader 8, it was impossible for PC based traders to have order flow algorithms on par with professional quant and hedge funds for a few significant technical reasons.

First, the data feeds did not provide millisecond time stamps nor did they allow for calculations that could include discrete inside bid and ask data at that level of granularity.

As the market leader in order flow monitoring algorithms, we here at sceeto have been dealing with this very discrete data for over a decade and have tremendous insights into how to write algorithms that can sniff out actionable insights from this data.

Prior to the release of NinjaTrader 8, we began creating a new suite of algorithms that would leverage the power of NinjaTrader 8.

The color coding that you see here is part of a suite of algorithms that we are readying for release.

This kind of data analysis will expose you to advantages that were previously unavailable to the general public.

If you think that this stuff is neat, and want to learn more, join us for a free workshop tomorrow, Tuesday September 22nd @ 4:15 p.m. eastern, where we will review the latest advances in order flow technology made possible by NinjaTrader 8.

Here is some info from NinjaTrader that will help you get your head around the some of the new feature sets in NinjaTrader 8.


 

 

Market Data Enhancements

A rewritten core data engine improves the way market data is processed when received from your data provider.

  • Sub-second market data time stamps now stored to meet demand for higher precision
  • Historical Bid/Ask prices now stored with each last trade tick data
  • Import, export, edit, and download market data (including market replay) all in one location
  • Set a preferred connection to obtain historical or real-time data from your choice of providers per instrument type

Tick Replay

The NinjaTrader 8 market data engine significantly increases historical tick accuracy allowing traders to:

  • Calculate indicators and strategies on a guaranteed sequence of historical last, bid & ask events
  • Obtain values and calculations that went “into” a bar
  • Improve intraday volume and delta analysis
  • Backtest a strategy with unprecedented precision

NinjaTrader 8 - Free Workshop | Why you will fall off your chair when you see what it can do with order flow...

I absolutely cannot contain my excitement about NinjaTrader 8 enables us, as traders, to do with just a few clicks of a mouse.

First off, I would like to explain that we have began development in preparation for NinjaTrader 8 over a year ago - so we have quite an extensive library of avdvanced order flow algorithms ready to take advantage of the next generation technical functionality that is baked into NinjaTrader 8.

Luckily, ...sceetowas chosen as one of a select few companies to participate in the very initial testing of NinjaTrader 8 so we have had some time to play with 8.

However, as par of our agreement to get early access to NinjaTrader 8, we have been under 'gag order' which had prohitbied use from discssing our findings.

Yestereday, Raymond Duex, the CEO of NinjaTrader, released us from this gag order so we can now show you why we are so excited about what NinjaTrader 8 unleashes.

NinjaTrader 8 has some insane capabilities that will allow day traders to have access to advanced order flow algorithms in a class that currently only professional quant shops enjoy.

You see, NinjaTrader 8 has millisecond time stamps accompanied by discrete and stable access to bid\ask data.

These features make granular analysis of order flow viable.


NinaTrader 8 Workshop | Screaming Order Flow Processing

We have completed our prototype of our new Order Flow Bars and they run very fast, and are very accurate using the NinjaTrader 8 beta.

Order Flow Bars allow you instant information about imbalances in Supply & Demand.

Gallery Cover   How To Use OFB to Enter a Trend-92-1600-900-80-rd

Imbalances in Supply & Demand are the driving factor in the Price Discovery process.

You can use Order Flow Bars to enter an existing trend, trade reversals, and scalp to your heart’s content.

The gallery below contains a sneak preview of Order Flow Bars in NinjaTrader 8.  

These screenshots show how to enter an existing trend using Order Flow Bars. 

This approach combines the Elliott Wave concept of an A-B-C Corrective Wave & Order Flow Exhaustion.

In these examples there is an existing trend, and then an A-B-C corrective wave plays out.

You will notice that at the apex of the C portion of the A-B-C wave, our Order Flow Bars show exhaustion in the tape (order flow).

This counter-trend exhaustion sets up the resumption of the trend.

How cool is that?

These new Order Flow Bars answer the age old question, “How do I safely enter an existing trend just at the right tick?”

Better Data Suite

Our Better Data Suite has been engineered specifcally for NinjaTrader 8 and is comprised of 3 modules.  

2 modules focus on market structure and 1 module focuses on order flow.

Taken together, these 3 modules provides you with a market structure map that provides trade entry locations corroborated by order flow, and likely targets.

Join us for an insanely cool workshop where you get your first deep dive into what NinjaTrader 8 can do.

All the best,
Carl
 
Carl 
 
Carl Weiss
Algorithmic Architect @ ...sceeto
 

Click & follow now to get free trade insights:
    

stocktwits    twitter    facebook

 NinjaTrader 8 | What the fuss is all about...

Well, well, well…the day is soon a comin' when NinjaTrader 8 will be released to the masses.

And the masses should be salivating.

NinjaTrader 8 has some insane capabilities that will allow day traders to have access to advanced order flow algorithms in a class that currently only professional quant shops enjoy.

You see, NinjaTrader 8 has millisecond time stamps accompanied by discrete and stable access to bid\ask data.

These features make granular analysis of order flow viable.

We have completed our prototype of our new Order Flow Bars and they run very fast, and are very accurate using the NinjaTrader 8 beta.

Order Flow Bars allow you instant information about imbalances in Supply & Demand.

Imbalances in Supply & Demand are the driving factor in the Price Discovery process.

You can use Order Flow Bars to enter an existing trend, trade reversals, and scalp to your heart’s content.

The gallery below contains a sneak preview of Order Flow Bars in NinjaTrader 8.  

These screenshots show how to enter an existing trend using Order Flow Bars. 

This approach combines the Elliott Wave concept of an A-B-C Corrective Wave & Order Flow Exhaustion.

In these examples there is an existing trend, and then an A-B-C corrective wave plays out.

You will notice that at the apex of the C portion of the A-B-C wave, our Order Flow Bars show exhaustion in the tape (order flow).

This counter-trend exhaustion sets up the resumption of the trend.

How cool is that?

These new Order Flow Bars answer the age old question, “How do I safely enter an existing trend just at the right tick?”

…sceeto lens for NinjaTrader 8 is comprised of 3 modules.   2 modules focus on market structure and 1 module focuses on order flow.

Taken together, these 3 modules provides you with a market structure map that provides trade entry locations corroborated by order flow, and likely targets.

We have completed the bulk of the development for the Order Flow Bars module and are working on the remaining 2 modules – which will automatically define market structure and price extensions.

 Want Early Access

If you would like a 50% discount on a lifetime license of …sceeto lens for NinjaTrader 8 you can pre-purchase a lifetime license for $995. 

When we launch lifetime licenses will be $1,995 and subscriptions will be $99\month.

The launch of …sceeto lens will be harmonized with the launch of NinjaTrader 8.

Those who elect to pre-purchase a lifetime license will have access to the software once the 3 modules are completed which will be during the NinjaTrader 8 beta period.

If you are interested in pre-purchasing a copy of lens and supporting our development efforts please reach out to me here.

We hope that you are knocked out of your chair by these recent examples of ...sceeto lens entering a trend.

{igallery id=2631|cid=11|pid=1|type=category|children=0|addlinks=0|tags=|limit=0}

16-SEP-2015 | In this morning's example of a Head & Shoulders pattern using a 4 tick range bar in the forward e-Mini S&P 500 electronic futures contract, we see macdaddy pointing to Selling in the Order Flow via Lower lows in macdaddy from about 09:15 am untill about 9:45 am. At about 9:50 am, MacDaddy Reverese from Red to green and remains strong green.  The Right Shoulder occured at 11:01 am and had a left strength of 3 and a 2 Standard Deviation Uptick Ratio.

WIND joins in late after the ocurrence of the Right shoulder. This lare WIND to the Green side confirms the Buying.

 

09.16.15 rt shoulder


For a deeper dive into how to use Better Data trade the Right Shoulder of a Head & Shoulders pattern click here.

...sceeto

The supporting order flow data that is presented on this page was generated by ...sceeto.

If you find this type of information and trading approach, as interesting as we do, please feel free to take a free trial of ...sceeto.

If you are curious about incorporating Better Data into your trading, please feel free to set up a complimentary consulting call here.

Subcategories