As myfxbook is the most popular monitoring service for forex and metatrader, we can assume that the numbers are somewhere not very far from reality. Using this ratio we can try to build a simple system. Even this very simple strategy can work!

What is an order book?

But not for all instruments. But for metals we can improve the strategy and trade when the ratio changes fast. When orders are shown, the histogram represents the distribution of all orders opened by OANDA's clients limit and stop orders, stop losses and take profits by price. So it can be used to find significant price levels and valuable order clusters that can lead to certain price behavior. For example, using this histogram you can see the places where stop hunters will be active. There are few forex brokers that provide useful market depth information.

Depth of Market (DOM) Definition

Using this tool we have information that is very deep and contains the distributions not only for limit orders, but also for stop orders. I think, there is an advantage here.

Here is the video containing a quick overview of available functionality:. I hope you will like these instruments and they will help you to earn more money. Good luck! Do you like SteemitBoard's project?

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Steemit Feedback. Active 3 years, 4 months ago. Viewed 15k times. Improve this question. Probilitator 3, 17 17 silver badges 35 35 bronze badges. The problem he is facing lies in getting the historical data for the last years.

Order tickets

I once tried getting some historical data from bloomberg. There's no one place you can go to get the total order flow.

You could get order flow for foreign exchange futures though. Add a comment. Active Oldest Votes. Improve this answer. Jon Grah. Hope that helps. Sign up or log in Sign up using Google.

OANDA Order Book View and MT4 Indicator

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Understanding Order Flow in the Forex Market

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