Dear Dukascopy,

Could you implement a price ladder in a future version of the platform? Traders would be able to enter all types of order at the click of a button and have the volume at each price level shown. Also, could you increase the depth of market from 10 levels, to 15 or 20?. Or better yet, give the trader the option to select how deep the want to see the market.

Thanks

-I-

Greetings,

I agree with this initiative, I have also made a proposal for Dukascopy to implement a detailed Order Flow Book (With a larger spread/range of the price than the current market depth tool).

To your success,
Doctortyby

I have also requested a deeper Depth of Market than the 10 levels (1 pip) eurusd currently offered. However, my request was for API clients to be able to request a "deeper book", as I believe that would, of course, increase the load on Dukascopy servers to have everyone with a wider book, which would be something MOST traders would not use. Those of us who do special analysis, and have a NEED for a wider Depth of Market would benefit, and I would like to see this available by special request for those traders who can demonstrate a need for it.

As for a Ladder method of Order Entry, that's not so much of interest to me, but you can always use Luktom's Price Ladder which is a very good Ladder method or perhaps Dukascopy could acquire the rights to offer Luktom's ladder or something based upon it, as part of JForex.

Yes, I agree that most traders would not find a deeper book useful. So perhaps a deeper book on a subscription basis would be in order? I think serious traders who are a little above and beyond the standard indicators (who are into more complex order flow analysis) would pay a little extra for such a service. I know I would! Dukascopy, let's hear your feedback!

Yes, my system HyperScalper does extensive realtime analysis of the DOM to extract Trend information. I would greatly benefit from a DOM which is at least twice as wide as the 10 levels we are provided today. 20 tiers on each side would be a huge benefit for my analytics.

I believe a wider DOM should be accessible via a Strategy module, and not for normal JForex platform users. It would have to be requested via a special API method. This would restrict it to users who have a real need for it.

For me, this is very important, but I would NOT like it to be enabled by default for all users because of the additional load on the servers.

Hyperscalper:

Have you ever used/heard about something called OrderBookFx? I've tried thier demonstration application a while and apparently they aggregate book depth from a huge range of liquidity providers. You can get depth 100's deep on both sides apparently. They run a demo for a week, and then you have to pay 75 a month for a basic service. As of now, I don't believe they have any java functionality although they do have API's you can access and all that (note: I am not a programmer). Myself and others have inquired about integration with Dukascopy but I've yet to hear any response from them. Perhaps something like that might be of use for your scalping application. Also note, I am in no way affiliated with OrderbookFx, I just thought I'd make the community aware that they exist.

Regards

-I-

@ Hyperscalper and Imorris2012 and @ Dukascopy Support Team

Greetings again,

I am talking about an Order Flow Book for a Daily Range of at least 100 pips. (Or the setup from ATR - Average True Range Indicator for each pair).

For example I would be interested to see the Orders Ratios for each price on a 90 Pips daily range/Spread for the Eur/Usd Pair.(the value from the last 30 Periods Daily Candles)

The total sum of the ratios would be 100%.

This could help us to see where the Stop Losses and Take profits for the Open Positions are Placed and of course the Fresh Entry Orders.

A deeper Market Depth would help , but only if you are scalping the 1 minute and ticks charts.

Best regards,

Doctortyby

#ladder: google Luktom Price Ladder JForex

#DOM levels: would using FIX solve this? UPDATE: no, FIX support only five levels

Is that an official response from Dukascopy? From the perspective of DOM visibility, are you saying FIX cannot provide a wider view of the Depth of Market than the current JForex DOM width? Please clarify.

just personal opinion based on quick glance at https://www.dukascopy.com/swiss/english/ ... i/fix_api/


which might be implementation limit though FIX specification does not limit MarketDepth https://www.fixprotocol.org/FIXimate3.0/ ... ag264.html

Dear Dukascopy:

So, any feedback? I think a price ladder (standard in almost all other trading platforms) would be a great addition to the platform. Order entry, stop loss management, close/cancel etc all at the click of a mouse button on the ladder.........

Please keep in mind that these are 2 separate issues.

1) DOM feed enhancement would be a fundamental improvement, and my need is for just a slightly wider DOM, perhaps 20 levels instead of the 10 levels currently presented; but ONLY through the API "extended" functionality. This would not affect the default feed, and would not affect the JForex platform.

2) The "Price Ladder" order entry is something which is already provided by third party solutions, and it does not depend upon the DOM width enhancement, but it would benefit from that enhancement.

My priority would be to have about twice as many DOM levels available through an "extended" request through an API enhancement.

Thank you for your hard work !!
HyperScalper

I second this request.. Extending DOM features has high priority as providing only 10 levels by 1 pip is simply not enough. Even small imbalance in bid/ask volume move price out of this range!

Given that FULL market depth for ALL traded pairs would negatively impact network trafic and server performance what about to implement a compromise:
- keep current streaming of market depth (10 levels by 1 pip)
- create one standardized aggregated streaming (10 levels by 10 pips) [This DOM level already existed before JForex started to provide quotes on 5th digit]

Than every user could choose and subscribe only to the stream with granularity he/she needs (from both JForex or FIX API) or even no DOM info at all. This is certainly achievable by existing technology & would largely improve market transparency!

Many thanks for your efforts!

I continue to advocate for IStrategy users to be able to access more DOM tiers.

Honestly, I do not believe ordinary JForex users will benefit from the DOM, as I doubt any of them use that information.

But we who write advanced Trading Strategies, should be able to request a DOM which is wider.

I have requested only a very small increase in an "extended DOM" which would be available through the API and would be only 2x or 3x the number of tiers, so 20 or 30 tiers.

This would be available ONLY to Strategy modules which specifically requested this Extended DOM support.

Using this approach, Servers would not be impacted since the number of such Extended DOM streams would be a very very small percentage of total traffic.

Please consider just this modest Extended DOM only for API users. Only if specifically requested within a Strategy module.

After all, this is an Automated Trading Technical forum, and we are the ones who will actually be able to use the Extended DOM information.

Ordinary JForex platform traders will not have much interest in the DOM anyway.

Thank you for the Excellent Support you provide !

HyperScalper

please add this feature