Open E Cry - Market Delta

[Moyyim 10]

Hi

 

Does anyone have any experience or views on the OpenECry - Market Delta (Footprints) add on.

 

I appreciate, as OEC say it is "steeply discounted versus MarketDelta standalone footprint" so wondered how it compared functionality wise etc to the Market Delta "Standard" Package .

 

Thanks

[garak 10]

I use their MarketDelta plugin but don't know the standalone version.

You must be aware that Footprints takes OEC' datafeed. Which is a big disadvantage in my opinion. But you can try it out for free with their Demo version.

[Moyyim 10]

Hi

 

Thanks for the Heads-Up in the data "issue".....

 

When installed on OEC, is the only footprint chart available the "Bid/Ask

" footprint as shown here...

http://www.openecry.com/includes/pdf/OEC_Footprint_Product_Info.pdf

 

or are the other type of footprints/features available... eg Volume Footprint, Delta Footprint and Footprint Profile

as shown on the Market Delta Standard package

MARKETDELTA :: Standard

 

Thanks

[garak 10]

You can choose between Bid/Ask, Delta, Volume, Bid/Ask Strike - graphically all very akin to your first link. This is not my trading PC otherwise I'd have made a screenshot. As I said: Try their Demo and have a look.

[Chouca 10]

Does the OEC version of MarketDelta provide MarketProfile?

[Chouca 10]

I have now a demo of the OEC MD Footprint so I can answer my own question

 

No - The OEC version has not Market Profile. '

 

What you get is the footprint chart. My initial feedback is that it is valuable as you see whats going on inside each bar.

[subterfuge 10]

hasn't anyone just programmed a footprint chart themselves in OpenEcry, rather than paying for an 'add-on' from the broker?

 

I dont use them, but was thinking about looking into it as a second broker.

 

I assume you can build custom indicators etc like you can with ninjatrader. People have made footprint/delta charts with them. Not with OpenEcry?

cheers.

[TechnicalTrader 10]

hasn't anyone just programmed a footprint chart themselves in OpenEcry, rather than paying for an 'add-on' from the broker?

 

Slightly relevant; have you looked at the OpenSource Gomi Footprint charts for Ninja? A skilled C coder could make a OEC version toot sweet.

 

Example of Free MarketDelta

[86834 10]

Personally I think market delta is useless, but as to which is better, if you want to use it then get it from market delta. Ultimately in this game you get what you pay for, and if you try and do it on the cheap, then you're going to have an inferior product meaing that ultimately, you're just selling yourself short.

 

Free data with a cheap add on won't be as good as getting the full bangers and mash. In for a penny, in for pound as they say....

[Tams 20]

most of the datafeed are not good enough for MD.

if you just want a cursory look, that's ok.

but if you are serious (ie you want to make money with MD),

then you should get the real mccoy.