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– All indicators available for NinjaTrader
– Order Flow Trader & Psych Indicator also available for MT4
– Indicators include Order Flow Trader, Psych Indicator, COT Indicator, Order Flow Volume & Delta Suite, Pin Bar Indicator, ATR Boundaries and MT4 Order Flow Trader & Psych Indicator
– Our FX indicators are worth over £2,500
Performance of our Pin Bar indicator (click thumbnails to enlarge):
All indicator performance stats available in the ‘Indicator Performance’ tab below.
Note: see below for associated trading platforms for each indicator.
NinjaTrader doesn’t have a Reuters price feed or access and when talking about order flow, the better the data feed the more accurate you will be. But that said, this is a great entry-level version of the stuff we use on Xenith and can easily be programmed into strategies and systems on NinjaTrader.
The guys at MetaStock designed it to match exactly what we were trading. It is a complete plug and play version of the simple order flow strategy that literally paints the candlesticks green or red to highlight whether you ought to be looking for long or short signals. It is that simple, so if you want the easiest set-up ever, job done!
It’s taken us a while to get these indicators working properly on MT4 but here is our initial stab. Unlike some platforms that can cope with it we have made some work around to the data problems but the MT4 versions of our indicators work like the others. Data on NinjaTrader and Metastock is far better and if you can use them we would advise it, but we now offer a really viable alternative for a free platform to get you going with minimal cost: which really fits the Littlefish FX way. Link this back to Cash Back Forex so you don’t incur some of the MT4 implied costs in your trading and you will have a great little starter setup.
There are a lot of very good techniques and strategies that do work in the FX markets especially when combined with really good trading plans and a lot of discipline. If you want to get to the great level then we’ve not seen anything that comes close to order flow and volume price analysis, it’s almost like having a sixth sense to what the market is thinking.
A bit of a Eureka moment for us early on was the COT but it was a pain to use. People have been trading off the COT for years, frankly all the strategies out there are perfectly usable and very good but we got annoyed with a lot of the free resources that mangled the data incorrectly often with very basic mathematical errors. So we built the COT indicator. It’s the best on the market and it has some nice tweaks like the cross pairs using COT proxy data. On its own it results in consistent if not extremely long timeframe trades, you do need really wide stops and a lot of patience though, but combined it is a really great tool if for nothing more than avoiding the wrong trades.
This indicator actually goes by a lot of names but we played with it to get it more statistically accurate. We used to love this indicator back in Bank days as it was a good one on Reuters. Now full circle we are back using Psych on Reuters and NinjaTrader. Really good little indicator and if you want a nice technical system, this is actually a great indicator to start with. It is consistent and easy to use, you just need a good risk reward strategy with it.
So the reason we use this and give this away is that it was actually our very first profitable strategy and system we built. It started out as a manually traded system, where we used this indicator to set risk reward and use the ATM strategies to help manage. We used to trade this on a daily basis and look at my charts every night, then progressed to use the same indicator in automated systems and it worked just as well. In fact, now if you combine this with COT or some other basic Order Flow trends it is a really easy strategy to master and powerfully consistent as the rules are pretty strict.
COT Implied Positions is really interesting, albeit a little obscure. Essentially we use the market information on the majors presented in the COT report to create synthetic cross currency pairs; like EURGBP, EURAUD and GBPJPY. It then produces a basic version of the COT report for these. Turns out it is extremely powerful and one we recommend you all take a look at as the product itself is pretty unique.
COT Multi-System was essentially us messing around with a NinjaTrader script to automate the COT trading and provide various options to use in a back tester. It’s a cool little package and shows you the power of the COT report. Really good starting point for developing your own strategies.
ATR Boundaries was a little tool we made to prove a point on Binary Options. Essentially for you trading types, it was based on an Iron Condor options strategy placing two options per day. Turns out it was nicely profitable but needed someone to place the trades every day at set times, so for now we aren’t pursuing it. However, its secondary function is brilliant for stop losses and trailing stops. If you know price moves between the two lines it plots (using 20 period) 80% of the time on long run average it can be very useful for trends and where to place stops safely.