daytradexchange

[⭐ fxus]

Does anyone have any experience with this company : http://www.daytradexchange.com ? They claim that their software ARCHER is based on predictive algorithm and is used by hedge funds. They offer room trial but no trial for software. If anyone has this software, please share.

Regards,

[stevemoore]

Does anyone have any experience with this company : http://www.daytradexchange.com ? They claim that their software ARCHER is based on predictive algorithm and is used by hedge funds. They offer room trial but no trial for software. If anyone has this software, please share.

Regards,

 

Very interesting system. Just too bad they have no software trials.:(

[lbf4223]

"Our trading room Software costs are fit to your budget. Take the time to talk with our staff to figure out what will work best for you."

 

Translation: 1000's of $'s

[Gretta]

Very interesting system. Just too bad they have no software trials.:(

 

Free trial to the trading room. Would be good to see if their reported performance matches the trading room performance.

[egaalh]

Hello

I will say it again and again.

Do you think that any company will sell you a program that make money.

If the program make money than why to sell it. think twice about it.

would like to see one program that someone bought and made money with the program

[⭐ nadjib]

nice a look them in youtube nice concept

[Gretta]

Hello

I will say it again and again.

Do you think that any company will sell you a program that make money.

If the program make money than why to sell it. think twice about it.

would like to see one program that someone bought and made money with the program

 

Do you think it's possible that you can take what someone has developed and offered for sale, and use that as a basis to create your own winning approach?

[imfm]

IDONT SEE ANY PROBLME TO SHARE OIR SELL A VALID METHOD why i have to hide it i think is really inreresteing share with others remeber trading is a hard way

[⭐ fxus]

Based on what I gathered so far :

1) They are using limit orders on the book, Level 2 data, to predict support and resistance levels out side the current price level.

2) They are not using any historical data as part of their predictive model.

3) They use 2 charts - 2 min with 2.8 model (tracking larger orders) and 1 min with 1.2 model (tracking smaller orders).

4) Looking to trade in the direction of larger model 2.8 using 1.2 as entry.

 

Thanks,

[Gretta]

Based on what I gathered so far :

1) They are using limit orders on the book, Level 2 data, to predict support and resistance levels out side the current price level.

2) They are not using any historical data as part of their predictive model.

3) They use 2 charts - 2 min with 2.8 model (tracking larger orders) and 1 min with 1.2 model (tracking smaller orders).

4) Looking to trade in the direction of larger model 2.8 using 1.2 as entry.

 

Thanks,

 

Thanks. Is the above based on your watching their trading room? If so does their reported results match the room results? How does their software relate to the trading rules?

[kenny123]

A trading room trial may be worth it.

[⭐ fxus]

Thanks. Is the above based on your watching their trading room? If so does their reported results match the room results? How does their software relate to the trading rules?

 

Yes, the rules are based on how they are using their software in trading room. Their YouTube videos don't show all trades.

Thanks,

[Gretta]

Yes, the rules are based on how they are using their software in trading room. Their YouTube videos don't show all trades.

Thanks,

 

Thanks. Was pricing mentioned for their indicators and room?

[Bill A]

3 month lease...cost

 

http://www.daytradexchange.com/sales-link-1/

[⭐ fxus]

This is a better deal : http://www.daytradexchange.com/sales-link-2/

I checked them out for 3 days, not going to spend any more time on this, not worth it for me.

My two cents : 1) True trend can not be determined by just tracking limit orders from 2 min and 1 min charts. 2) There is no predictive algo built into the software except pure order book tracking.

Thanks,

Edited June 29, 2016 by fxus

[Bill A]

Hey fxus

 

Would you please explain this with a pic if possible - so we can learn ?

 

Many thanks

 

"1) True trend can be determined by just tracking limit orders from 2 min and 1 min charts."

[⭐ fxus]

Hey fxus

 

Would you please explain this with a pic if possible - so we can learn ?

 

Many thanks

 

"1) True trend can be determined by just tracking limit orders from 2 min and 1 min charts."

 

Bill A,

Sorry for the typo, fixed it. It should have been : 1) True trend can not be determined by just tracking limit orders from 2 min and 1 min charts.

I was commenting on their system which is entirely based on 2 min and 1 min charts as I explained earlier.

Thanks,

[kenny123]

I have started the room trial, will post back shortly.

[Gretta]

I have started the room trial, will post back shortly.

 

Thoughts?

 

Screen shot of recent trades: http://i.imgur.com/0e0o8t8.png

[manihag]

looks like big stops are used vs. small targets... could you post a pic from chart(s) showing when/where/why a trade is executed?

[federicoo]

Based on what I gathered so far :

1) They are using limit orders on the book, Level 2 data, to predict support and resistance levels out side the current price level.

2) They are not using any historical data as part of their predictive model.

3) They use 2 charts - 2 min with 2.8 model (tracking larger orders) and 1 min with 1.2 model (tracking smaller orders).

4) Looking to trade in the direction of larger model 2.8 using 1.2 as entry.

 

Thanks,

 

This strategy should work very well in an ideal world, but unfortunately, in real world the most of the limits orders (level 2 data), specially the further levels, are spoofing, so when price come near these limit orders levels, the spoofing algorithms cancel these and do the work for what are designed, destroying the basis of this logic. However, could be interesting to give a try to this.

 

BR

[Watson Leung]

It is a strategy they are using, not just indicator?

I thought they just have free room trial, not their indicator/strategy.

 

Thoughts?

 

Edited July 7, 2016 by Watson Leung

[Gretta]

It is a strategy they are using, not just indicator?

I thought they just have free room trial, not their indicator/strategy.

 

No, they are not using a programmed strategy. The results I posted were a screenshot of discretionary trades taken using their indicators in their trading room.

[⭐ laser1000it]

Thoughts?

 

Screen shot of recent trades: http://i.imgur.com/0e0o8t8.png

 

Sorry my curiosity: It is included the cost of commissions ?

[⭐ elishar]

The "commissions" field is showing zero, I guess it is without.