Never look at the print again
Today we are taking a look at the new print-related features in OFA/MotiveWave. As we move from beta to production next week, it’s time we release the “icing on the cake” for order flow traders. Two highly anticipated enhancements have been added to beta 23:
Print Sequence Alerts: These dots (previously known as Momentum analysis) eliminate the need to view all those pesky volume numbers in the OFA periods. Alert markers are shown where the bid and ask algos are tracking strong buying and selling efforts. They can be filtered down to specific sequences or paired with the synthetic trade filter (below) for an unparalleled view of market activity on a single chart.
Synthetic Trade Filter: For years we’ve seen competitors try to replicate our ideas – typically 2 or 3 years behind the curve. Last year we dedicated tremendous resources to re-working OFA algos to focus on the best bid and offer, rather than the market orders crossing the spread. The result was a trade filter focused on HFT execution which eliminates the noise of the print and drills down the hidden and synthetic orders dominating today’s market micro-structure. Put this together with the Print Alerts and it’s going to be very hard to look at the markets any other way.
Here’s today’s video:
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Trading involves substantial risk. Do not purchase anything from OFA without carefully reading the complete required Disclaimers and OFA Terms of Use.
All trading results and claims made by Order Flow Analytics are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.
ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
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