Norberto Viale
SmartBook Trading is an order map where, like in Jigsaw Trading or BookMap-X Ray, you can track order entry and liquidity over time, which greatly simplifies the work of those who, like me, don't have an excellent memory for the numbers displayed in the DOM.
SmartBook Trading Analysis:
While SmartBook Trading is very similar to other order maps, what makes this tool stand out is that it not only delivers excellent performance but is also free. Therefore, there's no excuse not to try this formidable resource. Unfortunately, the plugin currently only runs on NinjaTrader 7 ; hopefully, it will be updated soon
If you haven't tried an order map yet, this is your chance. I use one myself in my strategy, and honestly, I couldn't trade without it, or it would be extremely difficult.
- a powerful tool
- It's free
- It only runs on Ninjatrader 7
Look at the following example to see how the price is falling. If you were only looking at the candlestick chart, you might assume the trend will continue after a pullback. However, with SmartBook, we can clearly see where the liquidity is (white line under the pink circles) and where buy orders are entering the market (pink circles). With this information, would you risk taking a short position?
Hi, I just installed it on NT7 but I don't know what else to do. I use Tradovate and I'm a bit lost. Could you perhaps make an installation guide?
Hi Sebastian,
You need to configure the tool according to the market you're going to trade. It's a shame they no longer provide support from Smartbook. Ideally, you should test it a bit to familiarize yourself with the Order Flow, but if you end up liking it, you'll eventually have to consider another company that offers a similar service.
Here's an example configuration for the 6E -> http://smartbooktrading.com/configurar-smartbook-6e-formato-150-x-20/
This other link will also be useful -> http://smartbooktrading.com/como-instalar-una-plantilla-de-grafico-en-ninjatrader-7/
Greetings
Thank you very much for your reply, best regards
Hi, can you send me the download link for the Smartbook plugin for NinjaTrader?
Hi Jorge,
I don't use SmartBook; I work with Jigsaw Trading, so I don't have the plugin. To get it, you need to email the company, and they'll send it to you.
Greetings