Order Flow to copy professional traders

[david678345]

Is anyone using Order Flow to copy professional traders?

If I am not wrong (according to the Order Flow theory) professional traders use limit orders...and most non-professional traders use active and aggressive orders...but I think it could also be the case that professional traders use active/aggressive orders to "hide" their positions...Besides I think that atas only takes into account orders in Binance..and professional traders could use other exchanges to "hide" their positions.
On the other hand I think there must be a "sign/language" that professional traders use to share their positions between them so is easier for them to beat the rest of the traders...and order flow could be that language...

[Stalker22]

OP, I see you are still only a Jr. Member, but that is no reason not to make an effort to familiarize yourself with the rules and guidelines of the bitcointalk.org forum. This topic does not belong in the Bitcoin Discussion and I suggest you move it to the correct board so that the moderators don't have to do it for you. I trust that it was simply an oversight on your part, but try not to make it a habit.

[Learn Bitcoin]

Is anyone using Order Flow to copy professional traders?

If I am not wrong (according to the Order Flow theory) professional traders use limit orders...and most non-professional traders use active and aggressive orders...but I think it could also be the case that professional traders use active/aggressive orders to "hide" their positions...Besides I think that atas only takes into account orders in Binance..and professional traders could use other exchanges to "hide" their positions.
On the other hand I think there must be a "sign/language" that professional traders use to share their positions between them so is easier for them to beat the rest of the traders...and order flow could be that language...

I have read similar things in my local thread this week. I haven't tried this yet, and I have a doubt about it. I am not sure if I get you correctly or not. Are you talking about following leaderboard traders and open positions like that? We never know if they are bot created by Binance. I won't be surprised if they are doing it do liquidate traders.

If people follow those traders, they might fall in to trap. But some of my locals confirmed that they tried it, and it worked well for them. I thinking to give it a try with a small amount.

[rat03gopoh]

In a normal user's trading display, I can't even tell the difference between limit and active/aggressive orders. "Hiding" orders is almost useless on my side, all exchanges which have high liquidity and trading volume are full of bot activities. In addition, the exchange's account summary feature also reads your overall P&L as a percentage, not order type or frequency. I don't think there's any place to hide.

Maybe there are more reasonable intentions than just "hiding" orders from the order flow theory you mean. cmiiw

[jeraldskie11]

I always use order flow everytime I trade, you can make it if you know how to read market structure. The price creates higher highs and higher lows if it's an uptrend and if it's down trend the price is consist of lower highs and lower lows. Other traders just use break of structure to confirm if it's uptrend or downtrend. You can determine this easily because this is a swing point but for beginners it's quite difficult. If the trend is uptrend, and you anticipate that the current price is the higher low, the expectational order flow is higher high. In that way, you have a higher chance that your trade will materialize.

[EarnOnVictor]

I don't use order flow to copy any trader, and when it comes to exchanges and retail brokers, I will not call them professional traders as you tagged it, they are just social traders that anyone could copy their orders if they want.

The copying of orders started with traditional trading where some people with the right resources copy the orders of banks and institutional traders. This could be a good idea if you don't believe in yourself but one must be sure of the trading capacity of the traders they copy their orders.

And the moment they didn't copy it rightly as you said, then they are deceiving themselves.

[BD Crypto]

Is anyone using Order Flow to copy professional traders?

For me the answer is no. I just follow some professional traders and their analysis based signals and then I try to make my own research on it. After that I try to enter the market. For me it's a bad habit to copy professional traders based on order flow. It may cause you harm of your assets if they share something promotional. So always try to learn by yourself when opening a trade beside you can follow analysis based signals or trading activity from the professionals. If you can implement their strategy that will be helpful.

If I am not wrong (according to the Order Flow theory) professional traders use limit orders...and most non-professional traders use active and aggressive orders...

It's not necessary that experts will only use limit orders. Experts are aware to follow market volatility according to their trading strategy. Sometimes we have to make aggressive orders, sometimes limit order. It's all based on the prediction and analysis. Obviously aggressive orders cause losing funds most of the time.

[palle11]

And the moment they didn't copy it rightly as you said, then they are deceiving themselves.

I don't believe in copying of traders but to do the best I can to get better with trade, only to look for good trading signals unlike op said about sign language for trader  I'm probably hearing that for the first time maybe op could give us more information about that.

[adaseb]

Professional traders don’t always use limit orders. When there is an event they need to get in quick and might do a market order. Also their stop losses are all market orders also.

It won’t help you trying to seek out large limit orders however. Most of the time when we are a large bid or ask. We think it’s strong support or resistance. However with crypto, what normally happens as we approach that level is the order is pulled.

Most professionals use maybe TWAP which is hard to catch because many of them use random variables such as the time and order size. Hence it won’t help you there.

[Hamza2424]

Is anyone using Order Flow to copy professional traders?

If I am not wrong (according to the Order Flow theory) professional traders use limit orders...and most non-professional traders use active and aggressive orders...but I think it could also be the case that professional traders use active/aggressive orders to "hide" their positions...Besides I think that atas only takes into account orders in Binance..and professional traders could use other exchanges to "hide" their positions.
On the other hand I think there must be a "sign/language" that professional traders use to share their positions between them so is easier for them to beat the rest of the traders...and order flow could be that language...

Well, theory or what, Sticking to others can lead to a major loss. In trading, you always need to be careful with your assets, Signals, and Copy Trading in any sense is injurious to your funds. I know people can make good gains through taking risks but bro wait a minute are you really sure about if that profession will try to manipulate your funds how you are going to know if you don't even know the ABCD of trading so learn trading first than try whatever you want to.

Leaving your funds on the mercy of other is a stupidity commonly done in greed. Never belive the leaderboard profession traders because there can be never 100% transparency in the trades.

[Cryptomultiplier]

The question is if you actually understand what you are copying, before copying and using funds that might just be considered wastage.
A basic knowledge of how to trade is first. It is necessary to have a mentor that will help you understand how they implement their order flow, (someone with experience is better), so that when you do decide to try copying, you could have a clear idea of what might possibly happen.
A professional trader has developed the tacit knowledge, they understand how volatility moves and when best to be aggressive.

Where copying has held better sway is with FOREX trading. With crypto trading however, you have to learn to observe and read market structure, so as to properly improvise on a copied trade.

[WatChe]

The question is if you actually understand what you are copying, before copying and using funds that might just be considered wastage.
A basic knowledge of how to trade is first. It is necessary to have a mentor that will help you understand how they implement their order flow, (someone with experience is better), so that when you do decide to try copying, you could have a clear idea of what might possibly happen.
A professional trader has developed the tacit knowledge, they understand how volatility moves and when best to be aggressive.

Where copying has held better sway is with FOREX trading. With crypto trading however, you have to learn to observe and read market structure, so as to properly improvise on a copied trade.

I always suggest other never do things like copy trade, since what works for you may or may not work for me and vice verse. It better to do trade with your own mind. Since that will help you about how to trade in the long run. If you keep on following others then your own mind wont get necessary training and you wont be able to trade on your own. Start with small capital, increase it with time as you learn from your mistakes.

[Hamza2424]

I always suggest other never do things like copy trade, since what works for you may or may not work for me and vice verse. It better to do trade with your own mind. Since that will help you about how to trade in the long run. If you keep on following others then your own mind wont get necessary training and you wont be able to trade on your own. Start with small capital, increase it with time as you learn from your mistakes.

Hm, Yeah Guidance, motorization are completely different things, You can follow someone for guidance for your information source for competitively analyzing yourself but you can't follow the person to make money and let him play with your precious funds how could you? So as always follow as a student not as a broker. I always use to say your funds are yours only and you are responsible for your own decisions.