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Orderflow tools on CFD

  • Post #1
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  • First Post: Dec 19, 2023 8:51am Dec 19, 2023 8:51am
These tools are downloaded from forexfactory or mql5.com. Thanks to those creators. I know CFD market is uncentralized, tick volume is not real volume, there's no way to access bid/ask volume on MT4, blah blah blah but you could still extract useful info from those data because some institutions trade CFD as well. You have to use a big brokerage house for it. FXCM, ICMARKETS,.... you know the rest. If you are familiar with market profile, cumulative volume delta and vwap, you probably understand how to apply these tools. I now just use futures data to trade 6B and ES mini.

Pick your market and apply EA to 1-minute chart to create your tick chart. Let it run for an hour or two before market open to collect enough data. Then you could apply other indicators to it.
Attached File(s)
File Type: zip OrderflowTools.zip   202 KB | 497 downloads
Quantitative Trader
Quoting zkchyo
These tools are downloaded from forexfactory or mql5.com. Thanks to those creators. I know CFD market is uncentralized, tick volume is not real volume, there's no way to access bid/ask volume on MT4, blah blah blah but you could still extract useful info from those data because some institutions trade CFD as well. You have to use a big brokerage house for it. FXCM, ICMARKETS,.... you know the rest. If you are familiar with market profile, cumulative volume delta and vwap, you probably understand how to apply these tools. I now just use futures data...
Fxssi has one that take its data from top brokers combined
It seems like you're leveraging trading tools and data to inform your trading strategy, especially for CFDs and futures. My advice would be to ensure you thoroughly understand the tools and indicators you're using, such as market profile, cumulative volume delta, and VWAP, and apply them judiciously. Additionally, continuously monitor your strategy's performance and adjust based on market conditions.
The statement highlights the limitations of using tick volume data in the uncentralized CFD market but suggests that valuable insights can still be gleaned by using data from large brokerage houses and applying tools like market profile, cumulative volume delta, and VWAP. My advice would be to ensure you understand how each of these tools works and how they can be applied to your chosen market, focusing on building a solid data collection process before the market opens to improve your trading strategy's effectiveness.
Quoting Andreas555
The statement highlights the limitations of using tick volume data in the uncentralized CFD market but suggests that valuable insights can still be gleaned by using data from large brokerage houses and applying tools like market profile, cumulative volume delta, and VWAP. My advice would be to ensure you understand how each of these tools works and how they can be applied to your chosen market, focusing on building a solid data collection process before the market opens to improve your trading strategy's effectiveness.
Haven't checked the reply for a long time. Thanks for the suggestion.
Quantitative Trader
  • Post #6
  • Quote
  • Edited Mar 27, 2024 6:32pm Mar 26, 2024 10:27pm | Edited Mar 27, 2024 6:32pm
Quoting Forex45trx
{quote} Fxssi has one that take its data from top brokers combined
I know. But it's enough if you're using one large brokerage firm. The best solution is still CME futures data. Open AMP Futures account, subscribe a level 1 data feed from CME and use free quantower. That's only $3 a month or $5 I can't recall.

Update: after some thoughts, clusterdelta probably is a better solution compared to amp futures. For my case, if I pay via "Received in Full Amount", there's a transaction fee about $25. That's 4 month subscription fee for clusterdelta. lol
Quantitative Trader
A little tool I found online to prevent you from closing MT4 accidentally.
Attached File(s)
File Type: zip NoClose.zip   241 KB | 202 downloads
Quantitative Trader
I can't imagine how orderflow can work on cfd , it's make nonsense
Quoting congtu20dn
I can't imagine how orderflow can work on cfd , it's make nonsense
I can give you several reasons:
1. there are trading firms trading CFD.
2. there are arbitrage activities between spot and futures market.
3. it's not about real volume of each candle but relative volume.

But the easiest way is to load the indicators and check cumulative delta. Judge it by yourself. Haven't checked crosses and exotics but majors work well.
Quantitative Trader
  • Post #10
  • Quote
  • Last Post: Mar 29, 2024 5:04am Mar 29, 2024 5:04am
Indeed, they can be very useful for market analysis. I agree with you that the CFD market is not centralized and tick volume is not a perfect indicator of actual volume. I also believe that choosing a large brokerage plays an important role. I personally prefer to work with companies like FXCM and ICMARKETS. Once you have identified your market, applying the EA to a 1 minute chart to create a tick chart sounds like a good strategy.
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