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Honestly, I don't think MBox deserves all this negativity. Find someone else who is trying to advance order flow and Wyckoff these days.
The people in the room are doing well, people are getting funded accounts using MBox, and I am having some success as well, which I did not have before. Whatever the algorithm Mike uses for the Precision Delta, seems to be doing the trick. The Order Flow has become easier to read. Some markets have become very hard to trade using the regular native delta. For example price moves up and keeps moving up in a trend, but native delta will show selling and massive amounts of selling. It becomes untradable. I had such an experience on some of the instruments I trade. I remember Mike talked about this in one of his webinar and it made an impression on me.
At the end of the day it still takes work. I look at it that MBox is a tool. If you buy it, you get the tools and access to the MBox community for additional support. For me it has been worthwhile. I need to keep practicing to get better. The tool does not just make you money without putting in effort. The more I practice, the more the lightbulbs in my head turn on and the more it makes sense.
i was just asking. If you are using it you must know how he calculates it. Or do you just believe him? Like a religion?
Like I said his earlier setup I know what he does. He uses BuyVolume and SellVolume and this is not his idea but has been around. Volume at the BID or lower is considered SellVolume and Volume at the ASK or higher is considered BuyVolume. The DeltaVolume is then BuyVolume - Sellvolume.
He put it inside a nice format with boxes in which he cumulates the DeltaVolume over a small box (MBox) or a larger box (MWave). So that is OK but like he also mentions this sometimes gives strange results. In his example he shows RTY which often shows the CDV (cumulative delta volume) trend up when the price trend down (and vice versa). This in principle is a good thing because you like to see a divergence setup but this is more then just a divergence setup and can get you into trouble. Like he says himself in the video I posted for some futures his earlier setup is useless.
So he came up with the MBox precision Delta. He claims he rewrites the BuyVolume and SellVolume algorithm. I am pretty sure this is not true. But if so you can prove me wrong. I am happy to learn. In my opinion he uses the original BuyVolume and SellVolume algorithm but then multiplies them with the price move of some sort
so I am just trying to understand. I know Mike wants to keep it a secret but you always have to keep thinking what he is actually doing. His previous setup it was clear. It was based on the traditional BuyVolume and SellVolume. This is also what I use, see chart below. I mostly simply plot the CDV (Cumulative Delta Volume) shown in the second pane. But I could reproduce all Mike his charts. However, this 'MBOX precision delta' ... that seems odd.
And I am still learning because mostly I have no clue how it is possible that the price moves up and the CDV moves down.
Trading: ES, Forex, Currency Futures, Oil, Natural Gas
Frequency: Daily
Duration: Hours
Posts: 10 since Mar 2013
Thanks Given: 5
Thanks Received: 6
Are you trying to learn logic for the indicator or learn how to use them in your trading?
The indicators are proprietary so unless you know all the parameters it's just a best guess but to what end? If you're not getting any value out of a piece of information presented, remove it.
IMHO based on your comment about learning, the only teacher you need is time, chart time, learn the relationship between price/volume/time.
I've watched many of Mbox Mikes's videos. They always begin after the trade is active/entered. Correct me if I'm wrong, but has anyone seen him put a trade place before it has triggered?
Just watched a video of his and on the bar chart above and below the bars are numbers, I assume buys on above the bars and sells below the bars. Is this number of bids and asks or bid/ask ratio? Or uptick - downtick?
Yes, in Mike's early videos he would start recording before entering a trade, but then said this would mess with his timing of the trades and get worse fill since first he needed to press record then get into the trade, so he started to record after entering the trade not to mess with getting a good fill.
don't want to be all negative but does it really matter? He can decide afterwards if he posts a video or not. He will probably not post a video in which his stop loss is hit the entire day. That does not seem good for business. But clearly he must be doing good because often he trades like 20 contracts at a time.
But I do not know about the "precision delta volume" ... I guess no-one knows what he is doing. We are just sticking with the "official" Buyvolume/sellvolume algorithm
Trustpilot is not a scam and calling them as such is considered libel, in the US at least. Trustpilot can be manipulated by bad actors as with any online platform. If Trustpilot is a scam, then so is Amazon, etc. There are fake negative reviews, too, so it is possible that a company can pay someone for negative reviews to damage a competitor.
but does it really matter? He can decide afterwards if he posts a video or not. He will probably not post a video in which his stop loss is hit the entire day. That does not seem good for business. But clearly he must be doing good because often he trades like 20 
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