Anyone has experience with MBO data and knows how to use trade dots as an indicator for Icebregs and stoploss. it will be a great addition to our beloved IRT tools.
This is a sample of MBO data being used in Bookmap for Icebergs (Blue) and Stops (Yellow). This is an indicator that Bookmap sells, but if I understand them correctly, they still have to decode all or some of the data to be able to tell exactly what is an Iceberg and Stop. I don't know if its as simple as getting MBO data in a file from the CME and being able to chart it . I think there may be more involved than that..... That said, I like where your head is at and I am 100% in on IRT getting their hands on MBO data and letting us utilize it here! It has added a lot of value to my trading having access to the IceBerg and Stop info, but I would love to have it all in one platform. Also, to be able to program bookmap data, you have to code it out in Java on their open API, which is an absolute beast that I have not been able to crack.... If we could use IRT programming language, that would be a dream come true. I should note that the Icebergs are in Blue & The Stops are in Yellow at the bottom of the pic.
Can't agree more, I have been watching for sometime now on bookmap and it helps a lot in setups confirmation and some areas above key levels for stops. I think it will give us an edge to use it in IRT (thinking of trade dots with limit thresholds etc. hope IRT developers take note of that and launch it sooner than later.
I can read the stops more clearly (especially in the direction of the trend) than the icebergs and it gives me more insight. need to watch icebergs more now to look for patterns.
I have done extensive work inspecting the MBO data from Rithmic in combination with the other sources of data we receive (level I, depth, etc) in order to try to identify Icebergs and Stop Orders. I have not been successful coming up with anything I could reliable release at this point. Certainly not giving up on it but I'm just not seeing enough consistency and I think it might come down to the frequency of updates I'm getting on Level I. I'm just not getting enough Level I updates in order to use that data in combination with MBO updates to identify Icebergs on a reliable level.
This is a sample of MBO data being used in Bookmap for Icebergs (Blue) and Stops (Yellow). This is an indicator that Bookmap sells, but if I understand them correctly, they still have to decode all or some of the data to be able to tell exactly what is an Iceberg and Stop. I don't know if its as simple as getting MBO data in a file from the CME and being able to chart it . I think there may be more involved than that..... That said, I like where your head is at and I am 100% in on IRT getting their hands on MBO data and letting us utilize it here! It has added a lot of value to my trading having access to the IceBerg and Stop info, but I would love to have it all in one platform. Also, to be able to program bookmap data, you have to code it out in Java on their open API, which is an absolute beast that I have not been able to crack.... If we could use IRT programming language, that would be a dream come true. I should note that the Icebergs are in Blue & The Stops are in Yellow at the bottom of the pic.
Hi Ed.
Can't agree more, I have been watching for sometime now on bookmap and it helps a lot in setups confirmation and some areas above key levels for stops. I think it will give us an edge to use it in IRT (thinking of trade dots with limit thresholds etc. hope IRT developers take note of that and launch it sooner than later.
I can read the stops more clearly (especially in the direction of the trend) than the icebergs and it gives me more insight. need to watch icebergs more now to look for patterns.
We have begun investigating this and hope to have something available soon. Stand by.
Hi, Any update on this please?
Great News CPayne! I had a feeling IRT would be all over this..... You guys are the best in the business.
Hi Chad,
May you please share with us when do you think this will be available if you have it on schedule for development
Looks like I'm not the only one looking for some info here.
no, me too!
I have done extensive work inspecting the MBO data from Rithmic in combination with the other sources of data we receive (level I, depth, etc) in order to try to identify Icebergs and Stop Orders. I have not been successful coming up with anything I could reliable release at this point. Certainly not giving up on it but I'm just not seeing enough consistency and I think it might come down to the frequency of updates I'm getting on Level I. I'm just not getting enough Level I updates in order to use that data in combination with MBO updates to identify Icebergs on a reliable level.
any updates?