Bookmap MBO Bundle Explanied | SI Indicator and Liquidity Tracker
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- Опубліковано 27 сер 2024
- Today we go into detail on the Bookmap MBO Bundle. This indicator package contains the SI indicator which pinpoints actual stop runs and iceberg orders. It also contains the liquidity tracker pro that allows you to track orders of a designated size. In other words, you can follow the big boys if you desire.
Try Bookmap Today: bookmap.com/me...
(click on More and Marketplace for the mbo bundle)
MBO stands for Market By Order. It's a new data option provided by the CME exchange that is currently only available through Rithmic data feed.
#bookmap #mbobundle #stoprun
![АЛАУДИНОВ у Скабеевой: эти их ВСУ нас НЕ ДОГОНЯТ 😁 [Пародия]](http://i.ytimg.com/vi/an0anqU4WGQ/mqdefault.jpg)
Doug, don't listen to everyone else. You're on the right trail....dead spot on with your assessment on the importance, significance and timing. Keep tuning out the majority, as usual, they're wrong.
Great video and maybe Im the only one but I find the music VERY distracting. At times I feel like your voice is competing with the music even though the volume is low. You have such good information in your videos and you explain things so clearly that I don’t get bored. Adding the music doesn’t add value to the content or the video. The music takes away from you having my full attention because Im trying to listen to the music at the same time. Not being negative, just providing feedback. Thanks for all the great info!
asofterme You aren’t the only one. Thank you for the kind words. I may be eliminating music in the future.
I second that :-)
@@douglasontrading8021 I thought the music was pretty sweet!
@@randombarbarian5637 Finally someone digs it!!
Agreed !
Love this video very well put together. Completely understandable for the people who are new and need information explained. Thank You so much
You are welcome my friend.
Excellent detailed vid!
No doubt it is great analysis. Looks great though like in space. Prior to this video I never knew about Bookmap. Now it is crystal clear. I also observed that you comment on everyone's reply which is well appreciated. There are many ways to skin a cat. So this is one of the way. You pay what, double the regular data feed price , for Advanced MBO with package 12. Trader can catch a trend , with simple moving avg or Ichimouku or mixed with couple of leading and lagging indicator. But that's not all, Most want to squeeze the last profit or try to catch even a little smoke and that's where they loose or give up their profit. if you just take your goal profit which can be in the middle of the trend your risk is minimum. With so much liquidity in indices it is not hard to find that sweet spot during the day when someone is focused . Trading should not be very complicated. Most often traders clutter charts with tons of indicator and confuse themselves to lose money.
Yeah, over analysis is as much a problem as under analysis. But to each their own on tools. No one trades exactly the same.
This channel is hugely underrated...
Great video Douglas! Thank you for the great overview of MBO. I'm looking to upgrade my PC, then will be hopefully subscribing to the MBO bundle before the raise the price. Keep the vids coming, there is so little out there on Bookmap and I guess that is a good thing since if this proves to be a profitable edge, then the less that are using it, the better. As you mentioned, monthly subscription price alone will keep many away due to cost of entry.
The MBO data does use up lots of computing power so a new PC would be helpful. I’m on edge of needing a new one. Goes back to 2013.
You sir, are either a wizard for a prophet! I was LATTERLY hoping yesterday that you'd make a video showing off Bookmap's iceberg & stop orders. Then behold, here it is. I absolutely love book map and want to get the package to trade futures. You can also use them for stocks, correct? By that I mean rhythmic data. Thank you so much. And BIG Congrats for the baby on the way. May God bless you and yours.
Hey Ahmathyah, thanks a lot for the kind words. The iceberg stop indicator does not work for stocks. The best thing you can do for stocks is get the DxFeed from Bookmap. Rithmic data is also only for futures.
@@douglasontrading8021 then I'll have to get both.
Thanks man! It was VERY helpful! You open my eyes about using SI & liquidity trackers.
Glad I could help! I'll be posting more in the future.
Better explanation than Bookmap videos. I had it and gave up on it. After watching this I might think about trying it again. Using NT8 now with order flow trade detector and order flow depth map and order flow VWAP. It's similar to bookmap bit not the same but it's working for me. Bookmap didn't. New sub too.
Thanks for joining me!
This is my favourite tool on Bookmap. You got another subscriber
Awesome! Welcome aboard.
Best explanation and examples of the MBO Bundle period. Yes completely understandable for everyone using this indicator and I agree about the price. Thanks for taking the time and I look forward to your next video.
Glad to hear it. Thank you!
I like the way you explain things amazing i am a sub now .......and will check the videos in future as well
Thank you my friend.
Super interesting, thanks for sharing! But as you say, seems like you gotta only consider relatively huge spikes, and also give it some time to reverse (propel) the titanic. I'm a short term momentum scalper generally taking 5 ticks so might not be as useful personally. Though I might scale out and let some runners run based on this.. Ideas ideas.
I mostly scalp. I just prefer to do it around big events so I have a better chance of catching that runner and improving my Risk vs Reward
Maybe that'll show over x when to hold a runner
Good explanation although I am not sure how you use the Iceberg and stops to get in/out, as the meters show the figures after the fact or at least once they have printed. Are you doing the reverse of the direction of a stop run as you expect a reverse move following a stop run or is there more to it? In terms of Icebergs, I am not sure I get how you use that piece of info. I do it in the most simplistic way which is not to expect continuation of a move following a stop run as this is responsive rather than initiative, and if a large iceberg shows I use it as prices won't go any further as long as it is present and reloading. Useful-ish info, but not sure how that would constitute a strategy in terms of entries and exits.?
Thanks for the comment. As with anything in trading, its all in context. No holy grails. Icebergs and Stops are very useful in entries and exits. When you see a big event happen (large iceberg or stop) especially when that big event happens in an area of interest like high/low or vwap etc, what you are looking for is a place to get in because now you are expecting a large reaction to the large event. You might get in early or late, or choose the wrong direction (thats trading) but you are putting yourself in a position, that if you choose correctly, you'll get a big win. Thus gaining the elusive larger winning trades than losing trades. That's a massive advantage.
i trade on charts ticks an time and i use the TICK for ES and TICKNQ for NQ, when the price on TICK is on the extrems is when big money come in, same concept.
The TICK is a great tool. I've used it in the past.
Thank you for all your insight and direction very informative. I currently am using an updated version of both the liquidity tracker pro v 3.2.2 and Iceberg tracker v 3.1.1. I want to make sure I'm am following your settings respectively; so I can better respond to the current market conditions. The configuration for settings look completely different, giving me a hard time to implement your strategy. Is there any way you can give me and updated set-up. Hope to hear from you soon appreciate you Douglas!!!
My settings are basic. Stops and icebergs on reset. Liquidity tracker I play with a lot. Not sure how useful it is but I lean toward filtering. So ES is minimum 25 with no max. Don’t use the tracker on any other instrument.
Good video man!
Thanks brother.
Thanks very informative
Hi douglas, i am bit confused after your 2 vedios , one is about Bookmap BMO BUNDLE, second TTW trade finder ,both looks same to me, wahts the difference and which one you recmoned for ES ,thanks for the help
They measure different things. MBO measures actual stop runs and iceberg orders. TTW has those options on the higher cost subscription but their bread and butter is the volume stops. Measuring a spike in CVD over a certain time period. Volume stops in my opinion are easy to make entries and exits with. Market conditions of course apply. In a heavy trending down market you might get lots of "buy" signals because the volume keeps spiking but you would get run over if you took those buys. One of the most useful tools available but nothing is magic.
tHANK YOU VERY HELPFUL
I started looking at BMap, do you feel like it makes you more paranoid watching the heatmap? I usually look at 1k to 5k tick and 10min and 30min charts. I use VP mostly and it hasn't done me wrong so far. I like the information in BM, but my initial impression is data overflow and my paranoia is in full effect.
Ha. Well I had data overflow when I used both charts with volume profile and bookmap. So I killed off the charts and I got much better. If you are profitable with charts, no reason to switch. If not....
Would be thankful if you can explain your VP methodology either here or otherwise. My email swmera@gmail.com. Tks
@@swmera My videos have my best explanations. I have a few older ones with traditional chart volume profile. My current trading is more order flow with Bookmap.
Excellent. Bookmap should hire you to do educational vids. Subscribed.
Good call because they did. I've made about 7 instructional videos for them. How to connect to Ninjatrader for example.
@@douglasontrading8021 Do you believe Ninja is better than Interactive Brokers for use with Bookmap?
@@Bleemus Never used Interactive Brokers. I rarely use Ninja.
@@douglasontrading8021 Thanks. If you're still using Bookmap what US broker have you had luck with? Sorry for all the dumb questions.
@@Bleemus edgeclear.com/douglas-on-trading/
I use edgeclear. Solid company. Small so personal service.
Hi douglas, good review on this functionality. I just happen to install bookmap on my pc and would like to know what is the best setup/setting/parameter for a non-pro trader like me to refer to. would be appreciate if you could shed the lights on this too :)
Settings for the MBO bundle: For Sub-Chart Stops and Icebergs, just use the default settings. Should be "Sliding", "One Minute".
Find "Alignment" and check the Symmetric Stops and Symmetric Icebergs.
For On-Chart indicator, Use 500 threshold for Stops and Icebergs.
That's for ES. Other instruments like NQ would need like 100 threshold or treasuries are different for each treasury.
Bro thank you! CAn you tell the settings for stops and iceberg, how you put them, what you set in them
Pretty basic. I set them both to “sliding”. That’s it. I then pay attention to the biggest events. So if there 500 icebergs a few times but then a 1000 pops up, that’s when I want to trade.
dude this music is killing me!
You and everyone. No more music on my videos.
Good video. I use mbo with stop and ice... your video gave me some new ideas to explore and replay with. You seemed to have refined your method to stops & ice on es. Unfortunately I'm at $134mo. :(
Yes, the price is unfortunate.
thx
Great video!!. I have tried setting the Stop and Iceberg in the adons Bookmap, but it doesn't work for me. Do you have any idea why it doesn't work for me? Thank you
That's a question for customer support. First thing to ask is do you have a paid subscription to MBO bundle?
Hey Doug, I've been looking at getting the SI indicator bundle and have a few questions about it. First, does it matter what direction the Iceberg/Stop are heading in the Reset configuration? I.e. An Iceberg at 600 indicates there's 600 orders pushing the price up but an Iceberg at -600 indicates there's 600 order pushing the price down. Would that be a fair assessment to make? Also, if the example I gave earlier is how the indicator works, what about stops? Is 600 value for a stop indicating the price is getting pushed down? Or would it be -600 like the Iceberg? Thanks for reading and hopefully you can get back to me soon.
You are correct but just think about it as orders filled instead of price pushed. On the indicator a stop above the zero line are sell stops. Sell stops are actually buy orders. (You have to buy to exit your sell position) And stops below the zero line are buy stops which are actually buy orders. Icebergs above zero line are buys and icebergs below are sells. The way I play it is to look for the big event. If price is moving up into a resistance zone and a big sell stop happens (above the zero line) it's possible that means business is finished and a big reversal to the down side is coming. It's also possible that business is not finished and price keeps moving up. So how does that help you if anything can happen? Well big events often the exact point a large move happens which can help you improve your risk by tightening your stop around that big event and at the same time help you shoot for a bigger target. I can't emphasize how big of an advantage that is. So you'll still guess wrong, still make dumb plays, but hopefully you are putting the odds in your favor like a casino does.
I hope that helps. And if so, would you mind using my link so they know I sent you?bookmap.com/members/aff/go/sigalphwichita
@@douglasontrading8021 Thank you! That helps a lot! I appreciate the fast response, just subscribed!
@@virgiliochourio7405 Thank you my friend
DO you need a certain data feed to use the MBO tools? I'm trading on demo on ninja using their cqg datafeed and have intalled bookmap, but I do'nt think it's giving me the option to do anything with certain tools and I guess it's to do with the datafeed? edit: I asked that question without watching the vid, but can now see that you mention you need the rithmic data feed. Is that still the case as of today? (vid is from 2020)
Yes. Rithmic is the only feed that offers MBO. You must run Bookmap on its own as well. Can't Bookmap through Ninjatrader and use MBO.
About that stop orders. Is that stop run exits or could it be new stop order entries also?
Douglas, how do you find out what is relative to the amount of iceberg orders? Like, you mentioned it might not be an anomaly for 500 iceberg orders. How do you define what would be worth paying attention to? and how do you link your funded account to Bookmap
Hi Richard. Depends on the instrument but since I primarily trade ES we will talk about ES. It seems that anything over 1000 on iceberg is always big. But certain days there is little iceberg activity and 600 might be big for example. How you know is the relative size vs the rest of the day. Of course you would need at minimum 30 minutes after open to find out relative size for the day. Maybe 1 hour.
Your funding broker will have instructions to set up with Bookmap if they support it.
Thanks
I only see 3 different packages on their site, free, Global, and some other one. With the ability to do monthly, yearly, or lifetime. I don’t see where your MBO is I can’t see it
On desktop at top right is more button. MBO listed there. Or just go to marketplace.bookmap.com
I have the add on and my indicator looks totally different, this is very annoying , i have a in screen session scheduled hopefully they can fix it
Let me know how it goes.
thanks i will good video thanks for posting
Douglas, anything new in the works video wise?
Trying to figure out where I want to take things. What would you like to see? Recaps of the day? Lifestyle like how my trading is going? Something else? I’m not sure what people are interested in.
For me, I really like videos that show your strategy in action and how it is working for you. And, there is so little out there on Bookmap as far as ability to provide a reliable edge, I would love to see more Bookmap examples in action.
@@pzobrist Thank you Phil. I’ll do my best.
great bro, thanks
Not always, almost always! Just me! It is all about relativity :)
Indeed
So the stop order can be printed in the bookmap? Do any other platform have this inidictor using rithmic data feed?
It would be very helpful to identify false breakout.
It is indeed very useful for false breakouts. And yes the executed stop orders are printed out. No other platform I’m aware of reads the MBO data. They do use Rithmic but don’t take advantage of the MBO data.
Hey I’m trying out for oneuptrader. When you passed the eval was there the new consistency rule? If so we’re you daily PnLs relatively uniform? Because it’s like you can’t make too much not to little as 3 random days must equal 80% of your best day? Cant you help me understand this? Can I make like 3k and then reduce size and sort of make a tiny amount just to reach the minimum day requirement?
I've been funded with the consistency rules. They just want to make sure you didn't get lucky funded because of one big day. If you happen to have a big day, your profit target will be adjusted. It's annoying but not really that big of a deal.
Okay so when you got funded your winning days were pretty much uniformed through out the whole eval? I’m asking because I put up 1k for the past three days and now that I’ve reach the target and my profit goal hasn’t been moved yet, I was going to reduce size and put up like 300 a day just to reach the consistency rule. You think that’s be acceptable?
@@thetradernextdoor4832 I think you'll be fine
why are you playing music in the background. super distracting bruh
Indeed broseph. This video is old. Newer ones no music.
Is the MBO worth it
Yes it is. But you have to learn to use it properly.
How are you able to use the bundle? Ninja trader doesn't have market buy orders. Do you hook it up through another platform?
I have full Bookmap license. Trade only through Bookmap
@@douglasontrading8021 I do too.
Not sure why you are asking about NinjaTrader then. Maybe I didn’t understand the question.
great video not the music...
Cant focus...... TURN THAT MUSIC OFF!!!!!!!!!
Lol. I know. New videos no music.
do you have a video on trading weekly options with bookmap?
Don't think bookmap would be good for weekly options. It's an intraday tool.
Wats with the music
You don’t want to dance AND learn?!
@@douglasontrading8021 I find this music in the background highly annoying and distracting.
@@surinamel5708 I know. I have lots of similar comments. Newer videos dont have music
Can you use rithmic data for crypto?
No
hey are you still wit earntotrade? how is the withdrawal process and how often can you withdrawal
Yes I am. No withdrawals yet. I struggle live.
well .. if everyone using it .. where is the edge ? :D :D
Hello Sir.. May I know the song for min : 25.10..thanks.
keep makes videos ..God Bless
No idea. Came from music service called epidemic sound
Doug- what have you noticed about the action among Icebergs in ES at the open and first few minutes of trading? On those days where price is one sided from the open I'm just wondering if there are clues that come from the Iceberg or Stops indicator that may incent you to jump into the deep end of the pool.
Hello ham. I don’t trade the open. I often don’t look at the chart until 20 minutes after open so I can’t answer your question even though it’s a good question. The open is a bit chaotic and I’m already at the office of my real job so I pop in and trade when I can.
@@douglasontrading8021 I gathered as much from your videos but I also assume that you do a post mortem analysis of the market every day. I was just wondering if there is any correlation that you noticed between moves that break out to one side from the open and the MBO bundle. Personally, I get frustrated when I'm waiting for the market to develop a signal and it just moved right from the get go and I missed the whole thing.
@@douglasontrading8021 Also, I want to compliment you on the interpretation of the Iceberg indicator in the Big Banks Exposed video. I think its your most compelling post so far. The visualization of divergence between price and what the Icebergs were doing were really clear from the indicator. Can you tell me if this clear indication is a function of not plotting the Stops on same graph? I've watched other videos of yours when both lines are plotted and the Icebergs don't seem nearly as informative (more difficult to read the big players intentions).
@@muratnuri2 I feel you. It’s tempting to trade early and be done with it. Waiting for the market to show me something is difficult but greatly improves my profits.
@@muratnuri2 you might be seeing two different settings. The big banks video is a cumulative setting on icebergs. Many of my other videos are reset setting. Meaning it only shows you the iceberg spike when it happens then resets to zero. Not cumulative. Reset helps pinpoint exact entries. I’ve been using it more lately. Along with Stops on reset.
The longer you use BM+Rithmic, the more you will realize what a BS it is in reality! I stoped using it long time ago. You see things which are not there in reality. Moreover, it is unstable as hell. No trading edge with that... ;-) But hey... at least it is expensive 🤣
It certainly is expensive. But you are mistaken. You in fact only see what’s actually there. Unlike a candlestick chart. If you assume the market must react the way you want to what you think you see, you’ll have a real bad time.
@@douglasontrading8021 You completely missunderstood me. I know excactly what I am saying. Do you really think you can see real action in this little fucking software while the big institutions invest multi millions in algos to hide/fake their real intentions? Do you really think you can see Icebergs, Spoofing and Layering in BOOKMAP? :-D The orderbook is completely RIGGED. The idea of watching it is old. Did work until 10 years ago. Nowadays, it does not. But I know.. it looks cool, it is different, and the retailers think they have the holy grail now. LOL ;-)
Hey Doug. Whats your skype? Can you pm here? Lol
I’m a ghost. My name is nobody.
Are you with pat fb? If so I will join and pm you.
@@andrewkim7051 yes. For some reason I thought you were already in the group.
I was the first one to leave the group. Then Samir left I believe. I left msybe 3 years ago.
please cut the "music". It's distracting.