We're carrying this out FlowAlgo review to look at how this business uses data and information from unusual options activity. If you like block trades, then you're likely to love this. Big money is hidden to retail investors. But with an organization like FlowAlgo , you will see where the big money is going. And that can help dictate which kind of trade you place.
What is FlowAlgo?
FlowAlgo gives the typical retail trader real-time institutional level option order flow. It has a sophisticated data algorithm that tracks down smart money transactions to give you alerts when you can find significant orders occurring on the stock and equity options markets. This trading tool may be helpful to eliminate the noise from the markets so that users can focus about what matters probably the most to them. It actively monitors the tape (time and sales) market wide and provides you with clear insights that may be used right away.
FlowAlgo can identify Smart Money transactions by analysing various data points on each order while they hit the tape such as the order type, order size, the speed of the order, the pattern in which the order fills, the order volume, average volume, among many more.
Smart money identifies investments or transactions produced by ‘expert'investors that are said to really have a comprehensive knowledge of financial markets – some believe they can identify or foresee trends before others. However, many individuals believe this can be a myth and that wealth managers – individuals who manage and advise on clients'portfolios – perform no better compared to the overall stock market's average trend over any given period.
FlowAlgo may be used to track down only what's truly valuable to you in regards to making customised and informed trading decisions. You are able to leave out everything you do not want or need and make sure that every order that FlowAlgo alerts you to features a high potential of being a valid signal based on your own trading strategy.
One of many main advantages of the FlowAlgo trading tool is that you do not need to invest a lot of time searching for relevant data and maintaining complicated spreadsheets for the market analysis. It may alert you to real-time order data as and when you need it.
Does FlowAlgo has an App ?
FlowAlgo does not produce a dedicated App in the true sense.
In your mobile phones, you are able to launch the web version of FlowAlgo with the exact same capabilities as on your own computer.
The navigation across the countless features is not quite as easy given the dimensions phones.
However, you will be able to conduct quick and easy research on your preferred ticker without too much struggle.
To offer a notion about the entire abilities with this tool whose absolute goal is to offer real time option flow and dark pool, this is a video tutorial with an outline of most of the features.
I am aware very successful traders who have built their main strategies around trading SPY or SPX.
How much does FlowAlgo cost?
The cost varies with regards to the package that you opt for. Plans start at $99 monthly when paid annually whilst you will get a 2-week trial for a discounted rate of $37. You will find no long-term commitments required and you are able to cancel or upgrade/downgrade your subscription at any time.
FlowAlgo Review Conclusion
Does this FlowAlgo review ensure it is worth getting? It's difficult to get any sort of conclusive evidence regardless of some user testimonies on Reddit forums that say these options scanners can help retail investors making use of their trading. Considering you should typically take online forum testimonials with a grain of salt, it becomes even more challenging to find out how much of an alternative these programs can make.
Sure they market screeners and data that normally isn't so easily obtainable to the small-time investor, but it's still around the investor to know what direction to go with this particular data. Pricing wise, FlowAlgo is actually among the more costly market screeners out there https://scamrisk.com/flowalgo/.
Cheaper options like BlackBox, CheddarFlow, and TradeUI are typical easily obtainable for a lesser monthly and annual cost. In terms of functionality and features, there's almost no that separates these four brands; especially whenever you take TradeUI out from the mix.
So does FlowAlgo have a better interface? Maybe. Needless to say, that is always likely to be around user preference. FlowAlgo does possess a clear dashboard and the added advantageous asset of having voice alerts that read out unusual options activity in real-time. Can there be enough there setting FlowAlgo apart from its competitors?
To be honest, not really. FlowAlgo is an amazing tool that will help investors see which way the smart money available in the market is certainly going, but there isn't much to say that it must be more costly than BlackBox or CheddarFlow. A free trial would be nice. Although a two-week trial for $37 isn't exactly breaking the bank. FlowAlgo rocks!, but there's nothing that would make us say it is a clear-cut winner over its competition, at this point in time.
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