Order Flow Scalping - MCX?

#1
Hi,
i'm interested to know about order flow scalping.. Is there anyone who's doing order flow scalping in mcx, lets say crude oil.
and can you people write delta(order flow term) in amibroker like people do have in ninjatrader.

Thanks :
 
#4
Please contribute your knowledge in the thread..
Hi ganeshams,
I was reading the Order Flow thread ,it's great
I'm still a learner, you guys know pretty much good ,but yes i do have lot of good ideas , it requires programmer who can code it properly
i asked one question in 2014 to amibroker people ,it's still unsolved ..
but anyways thanks , hope you help us in order flow
 

Shikamaru

What a drag!!!
#6
@ MT,

Whenever I see ninja trader and amibroker...
I feeling Ninja trader as Linux OS and Amibroker as windows OS :clap:
 

Shikamaru

What a drag!!!
#7
i will also contribute financially to any coder try to mimic gomi.
as far i know some display different color font may not possible in amibroker.
if any coders tries well and good
Use freelancer websites to post your work so that
you can get the developer bid to get this done :thumb:
 
#8
Answer: Scalping is one of the quickest strategies employed by active traders. It includes exploiting various price gaps caused by bid/ask spreads and order flows. The strategy generally works by making the spread or buying at the bid price and selling at the ask price to receive the difference between the two price points. Scalpers attempt to hold their positions for a short period, thus decreasing the risk associated with the strategy. Additionally, a scalper does not try to exploit large moves or move high volumes; rather, they try to take advantage of small moves that occur frequently and move smaller volumes more often. Since the level of profits per trade is small, scalpers look for more liquid markets to increase the frequency of their trades. And unlike swing traders, scalpers like quiet markets that aren't prone to sudden price movements so they can potentially make the spread repeatedly on the same bid/ask prices.
A combined suite of three sophisticated order flow indicators which can be used both together and individually, offering a superior bank-level view of the markets.
What It Does
• Allows you to analyse order flow in a number of ways via effective visual aids plotted automatically on your charts.
• Volume profile: Highlights key order zones in the market including low value areas, high value areas and areas where the most orders were placed in that session creating a map of orders in the market.
• Delta Book & Pressure: Gives powerful analysis of strength and flow of orders in the market with speed showing the speed of transactions being processed at any one time and book pressure looking at the net difference between buying and selling strength as well as the difference between volume traded at bid price and volume traded at ask prices.
• VWAP: Plots the Volume Weighted Average Price of the instrument by taking the Dollar value of all trading periods and then dividing by the total trading volume for the current session. The indicator also plots standard deviations around the average.

And for Delta Order Flow term we can follow this link for better understanding:

http://www.freepatentsonline.com/article/Economic-Bulletin/187324804.html
 

Shikamaru

What a drag!!!
#9
Addition to above points,
2nd level data of Bid and Ask gives some more edge in scalping
 
#10
Addition to above points,
2nd level data of Bid and Ask gives some more edge in scalping
Scalping MCX futures based on level 2 data doesn't make sense because the price is not affected by the orders. MCX, or any futures instrument's price is derived from the respective instrument's spot price.
 

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