Some of you may know that last year we launched MarketDelta Trader. Since then we have been busy integrating it with MarketDelta Charts so that the real time data flowing into MarketDelta Trader could also be used to power MD Charts as well. If you use MD Charts here are the direct benefits.
How To Get Started – Choose Current Setup and Proceed
I already use MarketDelta Charts (Need Trader)
All you need is MarketDelta Trader and a demo or live account from one of the supported brokers.
I already use MarketDelta Trader (Need MD Charts)
Login to www.marketdelta.com, click Software Keys, and there will be an option to get a trial to Charts if you haven’t received one. Choose MarketDelta Trader as the data service. If you have already had a trial, a subscribe button will be presented.
I need both MarketDelta Trader and Charts
Visit http://info.marketdelta.com/trial.html and specify MarketDelta Trader as the data service. Unless you already use on of the support brokers, you will also need to contact one of the and request a demo login for “MarketDelta”.
The Footprint chart is a fascinating tool for studying market activity, momentum, order flow, and where buyers and sellers are interacting.
No other charting method offers the immediate transparency of the energies at work in the marketplace.
It demystifies the market’s order flow so you can quickly identify shifts in sentiment.
Here are some examples of common rotational patterns that occur every day in the financial markets. You can use the Footprint to confirm support and resistance levels or to monitor when the natural auction activity has exhausted in one direction and begins fresh in a new direction.
You can also use the bid ask Footprint to identify where traders are stuck long or short. This is evident because of the large volume prints on the bid or at the ask at swing highs or swing lows.
These examples are of the E-Mini S&P 500 Futures contract, but they apply to any auction market, including currency futures, other indexes, stocks or any financial instrument that trades in an open market.
Lots more examples can be found at www.footprintchart.com.
We are proud to be rolling out some significant improvements to MarketDelta Trader that will make trading easier, faster, and more flexible. The enhancements come as a result of all your feedback, so thank you all for that!
The most significant enhancement is the inclusion of various TT patented functionality. We have signed a global, entire patent portfolio agreement with Trading Technologies International which allows us to implement best of breed functionality and deliver a cutting edge trading interface along with our integrated Footprint chart. Best of all, the TT patent licensing comes at no extra cost to you.
Please watch the short video below to see everything that has changed and to understand the benefits of the improvements.
SUMMARY OF IMPROVEMENTS
HOW TO UPGRADE
Follow the instructions below based upon the order routing system used. If unsure which system you use, find your broker on this page and see which system they use.
Recently a client asked if a chart could be created that would show him multi-time frame naked point of controls on a single chart. This is entirely possible with MarketDelta and is shown below.
This chart was thrown together rather quickly and could use some polish but it does show a simple 30 minute bar chart with the naked POC in blue, a magenta daily volume hologram with the daily naked POC extended in magenta, and the monthly volume hologram in dark gray with the monthly naked POC extend in dark gray.
The chart was constructed using the Profile Indicator and applied 3 separate times and colored accordingly.
To learn more about what a naked POC is see this blog post.
Click here to download the chart definition for this example.
Top 10 Most Used Indicators in MarketDelta
We are often asked what are the most used charts and indicators in MarketDelta, so here is a handy list for you to quickly refer to and learn from at your leisure. To add the indicators in this list to a chart right click on the chart, choose Add/Edit, Add Technical Indicator or simply press the Insert key. Video tutorial here.
Extra add-ons…if you want to include are:
Another very useful, often overlooked shortcut is using the mouse scroll wheel to zoom in and out on Footprints and candles/bars. Watch this 30 second video.
Today we released MarketDelta Charts 11.1. To update click Help from the menu and choose Check for Updates or visit www.marketdelta.com, login, and then click Downloads. Please be sure to close the software prior to updating.
Version 11 is our largest update in a long time. It has a totally overhauled menu system that replaces the old file menu system. The old system had become heavily bloated with menus and options that simply needed to be eliminated or moved somewhere else…so we did just that! The end result is the file menu is now 70% smaller and much faster to find and open objects.
What has made the user interface update possible is Object Manager. Think of Object Manager as your launch pad for just about everything now. It is easy to navigate, search, and can be left open (if you want) for quick access to charts lists, etc. Watch the video below for a short overview of this and other important changes.
Here are what we feel are the top 3 enhancements of most benefit to you.
For a complete list of enhancements and new features in version 11 see the Release Notes or click Help | What’s New in MarketDelta.
Overview Webinar – Watch Now
Thanks to all who participated in the beta testing this new release. Your feedback was very meaningful and we sincerely appreciate it. Please contact support with any questions.
CHICAGO – APRIL 4-6
There is no disputing it. Today’s traders are more savvy and more competitive than ever and the right tools for the job are absolutely necessary. You need to be a lot smarter and more capable on how to identify trading opportunities and more discerning on the trades you take. Executing trades requires confidence in yourself and that only comes by trusting in yourself to do the right thing.
We recognize this and have organized a special event this Spring that will allow for deeper learning, hands on experience, and take home materials to help you achieve your goals as a trader.
There is an early bird discount, so for more information or to register visit here or call 1-877-906-2692 or 1-312-922-7800.
These events also serve as great networking opportunities with other like-minded traders.
I use to think I did this to make money, I don’t. I do it to be right. Trading for over a decade has
Trading is one of the few industries where you can be wrong a lot and still be profitable. One
…..trading is like going to the racetrack where people are jumping up and down, with a ticket
I’ve come to grips a long time ago to the reality of how poor emotionally influenced decisions
Given the hype leading up to Super Bowl XLVII, got me thinking of a great analogy. As many
So often when we exit a profitable trade we allow certain emotions to make us feel like it’s our
So the analogy goes like this; when a football team scores, it’s like taking a profit on a winning
No football teams defense will shut down an opponent forever. Allowing points is part of the
For more information on the MarketDelta Trading Room visit http://www.marketdelta.com/products/tradingroom
The CME will be implementing new trading hours beginning Sunday evening, Nov 18th. Additional information can be found at: http://www.cmegroup.com/globex/files/cmeglobexequityindexhoursdailypricelimitchanges.pdf
The new normal trading hours for the full session (Globex) will now run from 5PM CT to 4:15PM CT instead of the 3:30PM to 3:15PM hours. There will be a market pause from 3:15PM to 3:30PM CT.
Within MarketDelta, Session 31 has generally been used to provide these Globex hours. The trading hours change will require users to adjust the times of session 31 accordingly this weekend. The day session, Session 2, will NOT be effected.
This being the case, there is a side effect to the overnight historical data that users should be aware of. When a user changes his Session 31 times from 3:30PM – 3:15PM CT to 5PM – 4:15PM CT, then all historical data is going to be forced into this new time frame. So the past data from 4:15PM to 5PM CT will no longer be present in the Session 31 charts. However, that was an extremely thin period of trading. Also, the data from 3:30PM to 4:15PM CT, which in the past opened Session 31 (first 45 minutes of trading), will now close session 31 (last 45 minutes of trading). Again, this is a thin period of trading, but it will affect the last traded price and first traded price of Session 31.
Our recommendation would be to change the Session 31 to 5PM to 4:15PM CT (adjust accordingly for your time zone). All other sessions remain unchanged.