TTW-TradeFinder for Bookmap™

User Guide (English)

By TTW Trading Services Ltd.
TTW TradeFinder User Guide [Version 16.02.2021]
2 / 39

TTW-TradeFinder: Overview
TTW-TradeFinder TTW-TradeFinder
TTW-TradeFinder for Bookmap™ is a unique trading Basic Pro
concept from trading professionals that supports
Hidden Orders (Iceberg) X X
professional traders to make better and profitable
trading decisions based on market order flow facts! Stop Runs X X

TTW-TradeFinder uses real-time data (MbO Data) to Cur. Average Liq. / Vol. X
analyze any liquid instrument (Stocks, Futures) traded.
Relative Liquidity Change X
• Tracks all limit and market order transactions in
Absolute Liquidity Change X
real-time.
Sound Alerts X X
• Analyses reliably Icebergs, Stop Runs, Liquidity
Messenger Notifications X
• Visualizes filtered events in real-time on chart
License Management X X
• Alert traders in case of defined events
User Guide X X
• Mobile alerts for the trader
Educational Videos X X
• Send messages to a messenger (Telegram) Examples X X

• Data analysis based on MbO Data.

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021] 3 / 39

Table of Contents TTW-TraderFinder Overview................................. Page 2

Installation....................................................................Page 4

TTW-TradeFinder: Stop Run...................................Page 6

Stop Run Line...............................................................Page 7

Stop Run Signal...........................................................Page 10

TTW-TradeFinder: Hidden Orders........................Page 11

Hidden Orders Plot....................................................Page 15

TTW-Liquidity Tracker...............................................Page 17

TTW-Current Average Liquidity.............................Page 22

TTW-TradeFinder - ES Example..............................Page 24

TTW-TradeFinder: Telegram...................................Page 25

TTW-Team......................................................................Page 38

TTW-Support.................................................................Page 39

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021] 4 / 39

Installation
TTW-TradeFinder and TTW-LiquidityTracker (all
versions) are included in the base file
"tradefinder.jar" as a packed ZIP file.

New releases and updates of "tradefinder.zip" are

available for download on following page:

h t t p s : // t t w t r a d e r . c o m / t t w - t r a d e f i n d e r/

As an alternative follow the link at the bottom of

TTW-TradeFinder.

Save the file in your Bookmap directory.

C:/Bookmap/MyAPIModules ... or similar...

... and unzip the file. You will get the original file
"tradefinder.jar“.

Please note that anti-virus programs can detect and classify

JAVA „*.jar“ files as viruses. Our files are save to use!

TOP

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021] 5 / 39

Installation continued
1. Open Bookmap menu: „Configure API Plugins“.

2. Click „Add“.

3. Open file „tradefinder.jar“ in the directory where the

downloaded file is stored.

4. You must select „tradefinder.jar“ twice to install both

indicators included. One after the other:
TTW-TradeFinder
TTW-LiquidityTracker

5. Activate the indicators by checking the checkbox.

6. Enter your license key in „TTW-UserLicense“

1. Your license is shipped and included in your order

confirmation eMail under „Your License ID“.

2. In your account on our webpage.

7. After successful activation TTW-TradeFinder is ready

to be configured according to your instruments.

TOP

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021]
6 / 39

TTW-TradeFinder: Stop Run

Stop Runs indicate significant, rapid market movements
where high volume is traded in a very short time.

TTW-TradeFinder draws stop runs in real time based

on the predefined signal filters, which can be set
individually for each liquid and tradable instrument.

The stop run signals must be set individually for each

traded instrument based on the respective liquidity i.e.
volume.

TTW-LiquidityTracker comes with an unique Current

Average Liquidity meter which will help you, to see and
determine the current traded liquidity. Based on these
objective volume measures, you can determine the best
settings for stocks or futures.

TOP

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021] 7 / 39

TTW-TradeFinder: Stop Run

Stop Run Line represents the stop run indicator line or "curve"
in the subchart of Bookmap. It measures the market or
aggressor volume. The vertical peaks of the line indicate Stop
Runs. We recommend filtering the Stop Runs as described in
the Stop Run Signal .

1. Buy Stop Run

Color setting for Buy Stop Run.

2. Sell Stop Run

Color Setting for Sell Stop Run.

3. Stop Run Zero

Color Setting for the zero-line.

TOP

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021] 8 / 39

4. Enable
Activates or deactivates the Stop Run Signal.

5. Buy Stop Run Signal and Sell Stop Run Signal

1. Layout:
There are three layout variants for you to choose from
(Horizontal, Vertical and VerticalLine). Select your
favorite for daily trading.

2. Symbol:
Select the symbol which is displayed with the signal in
the trading chart. It will mark the time and price where
market settings are met.

3. Position:
Position in the chart where the signal is to be drawn.

4. Color:
Signal color settings.

TOP

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021] 9 / 39

6. Trigger Volume
Check the box to activate the "Trigger Volume". The
selected value filters the traded market volume.
Volume size depends on the liquidity of the respective
instrument. (See „Current Average Liquidity“)

7. Maximum Duration [s]

Maximum time in seconds in which the "Trigger Volume"
must be transacted.

8. Price Change [ticks/pips]

Number of ticks or pips that must be traded as a minimum.

9. Ratio
Set the ratio for market traded Bid and Ask volume. Ratio
informs you instantaneously if the Stop Run has the
potential for a price continuation or price reversal.

10.Alert Sound
Acoustic signal that sounds when a Stop Run meets the
defined conditions.

11.Send Telegram Notification

Enabled / Disabled allows you to send a notification to the
messenger service "Telegram". Read more on Page 25.

TOP

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021] 10 / 39

TTW-TradeFinder: Stop Run Signal

We have introduced 3 colored signals:

• GREEN / RED based on Ratio settings. If the traded market

volume is within or equal to the calculated ratio a red or
green signal will be issued.

• GREY based signal indicates that market volume ratio is

above configured values for the configured instrument.

The signals show three characteristics of a stop run.

:
1. P: Price indicates the price change of the Stop Run in ticks
or pips.
See "Price Change [ticks/pips].

2. V: Volume is the traded volume during the Stop Run on the

hitBID (red) and liftASK (green) side.

3. R: Ratio, is the rounded ratio between market Bid and Ask.

These values help to determine the „integrity“ or „value“ of
a stop run.

TOP

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021]
11 / 39

TTW-TradeFinder: Hidden Orders

Hidden orders (Icebergs) allow institutional traders to place large
orders in the market without „showing their hand“. That’s the way
institutions, market makers avoid a direct influence on the price and
how they disguise their intentions.

Of the entire order to be executed, only a fraction is visible in the

limit order book. The rest of the order is "refreshed" when the visible
"peak" or „part“ of the limit orders has been bought.

This is done in several parts or pieces and over a certain time

(duration).

Hidden Orders (Icebergs) allows visualization of institutional

intentions. You can use this MbO based information to your
advantage.

TOP

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021] 12 / 39

TTW-TradeFinder: Hidden Orders

Hidden Order (Iceberg) line draws the occurrence of hidden

orders or icebergs in Bookmaps subchart.

1. Hidden Ask Order

Color setting for Hidden Ask Order.
Hidden Ask Order line plots ASK icebergs.

2. Hidden Bid Order

Color setting for Hidden Bid Order.
Hidden Bid Order line plots BID icebergs.

TOP

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021] 13 / 39

3. Enable
Enables or disables Hidden Order (Iceberg) signals.

4. Hidden Ask Order Signal and Hidden Bid Order

Signal

1. Layout:
There are three layout variants for you to select
from: Horizontal, Vertical and VerticalLine.
Select your favorite for daily trading.

2. Symbol:
Select the symbol which will be displayed as the
signal in the trading chart: Arrow, Triangle, Flag.
The symbol points to the exact time and price level
where the hidden order event happened.

3. Position:
Relative position in the chart where the signal is to
be drawn: Top, Above Price, Below Price, Bottom.

4. Color:
Preset color settings for signal output.

TOP

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021] 14 / 39

5. Order Size Trigger

Hidden Orders (Iceberg) size setting.
When a completed Hidden Order reaches or
exceeds the volume, a signal is drawn directly on
the chart.
If you uncheck the box, no hidden orders will be
displayed in the bookmap chart.

6. Alert Sound
Acoustic signal that sounds when a Hidden Order
meets the preset conditions.

7. Send Telegram Notification

Enabled / Disabled allows you to send a
notification to the messenger service "Telegram".
Read more on Page 25.

8. Signal
Hidden Bid or Hidden Ask displays the size of
traded iceberg contracts.

Chart Signal

TOP

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021]
15 / 39

TTW-TradeFinder: Hidden Order Plot

TTW-TradeFinder Pro for Bookmap™ offers
three possibilities to display hidden orders in
different ways.

• hidden order signals on chart

• dynamic hidden order plots on chart
• hidden order lines in the subchart of
Bookmap.

The advantage is a clear and concise

representation of the hidden order events in the
current chart and thus helps to keep the focus on
the current price development.

Recommendation: Default settings are suitable

for every instrument.

Depiction of various Hidden Orders (Iceberg) on Bookmap chart.

TOP

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021] 16 / 39

1. Dynamic Hidden Order (Iceberg) Plot

Enable this function to display hidden orders as
defined symbols in the lower part of the historical
chart in Bookmap.

2. Symbol Color
Color setting for Hidden Ask /Bid plots.

3. Symbol
Select in drop down menu between different
symbols.

4. Size
Symbol size variations: Small, Medium, Large,
Variable.

"Variable" draws selected symbol according to the

traded volume. The larger or smaller the volume of
the hidden order, the larger or smaller the symbol
will be drawn.

5. Position
Indicates at which position the signal is drawn in the
lower part of the trading chart: Low, Middle, High).

6. Intensity
Specifies the intensity of the signal color. With "Full",
the color is displayed in full intensity. With
"Variable", the intensity is displayed variably. The
larger the volume of the hidden order, the more
intense the color is.

TOP

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021] 17 / 39

TTW-LiquidityTracker
TTW Liquidity Tracker Pro for Bookmap™ displays in real
time at once changes of liquidity on defined levels either in
the vicinity of the traded price levels or on levels which are
far away from current price.

Liquidity changes can be displayed relative to the existing

liquidity and / or based on absolute values.

Adjustable signals and the absolute or relative values are Relative Liq.
drawn in real time in the Bookmap Chart.

These settings enables the invested trader to immediately

perceive short-term and at once placed absolute and
relative liquidity changes. Based on this market conditions
he can validate his trading decision immediately.

Absolute Liq.

TOP

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021] 18 / 39

TTW-LiquidityTracker: Configuration
Relative Liquidity Change Alerts
Relative Liquidity Change Alerts refer to relative or
additional at-once changes in liquidity at the observed
price levels in the Limit Order Book (DOM).

Example:
DOM shows for "ES" (S&P 500 Future), 200 resting orders
on a price level.

Suddenly, 300 additional contracts are added to this price

level. Relative Liq.

With a setting of "Trigger Liquidity = 300" the condition is

met and a signal is drawn on Bookmap chart.

It is not relevant how many contracts were previously

placed at that particular price level. Relative Liquidity - 300
changes at that price level can indicate a possible (Minus = Contracts
intention of a market participant to manipulate the price in cancelled)
one direction.
+300
(Plus = Contracts
added)

TOP

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021] 19 / 39

1. Enable
Enables or disables Relative Liquidity Change Alerts
signals.

2. Ask Liquidity Change / Bid Liquidity Change

Definition of colors, symbols and position in the chart.
Following options are available:

Color: Color selection

Symbol: Symbol selection
Size: Symbol size
Position: Position of symbols in chart

3. Trigger Liquidity
Specifies the liquidity to be displayed in case of a relative
liquidity change. With the selection box activated, signals
are filtered and displayed in the bookmap chart.

4. DOM Level from / DOM Level to in Ticks

In the example, starting from the BBO (Best Bid Offer)
price, the price levels 1-5 (in ticks) are filtered.

5. Send Telegram Notification

Enabled / Disabled allows you to send a notification to
the messenger service "Telegram".
Read more on Page 25.

TOP

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021] 20 / 39

Absolute Liquidity Change Alerts

The Absolute Liquidity Change Alerts refer to the liquidity
that is placed on a price level at once to the already
existing liquidity. The total number of contracts is
measured and displayed.

Example:
DOM shows for "ES" (S&P 500 Future), 200 resting orders
on a price level.
300 additional contracts are added at once on this price.
That makes a total of 500 contracts.

With a setting of "Trigger Volume = 500" the condition is

met and a signal is drawn to display an absolute volume
of 500 on Bookmaps chart.

This can be used to detect whether the market is being

manipulated in one direction by total or absolute liquidity
in the very short term.

- 500
(Minus = Contracts
cancelled) Absolute Liq.

+500
(Plus = Contracts
added)

TOP

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021] 21 / 39

1. Enable
Enables or disables Absolute Liquidity Change Alerts
signals.

2. Ask Liquidity Change / Bid Liquidity Change

Definition of colors, symbols and position in the chart.
Following options are available:

Color: Color selection

Symbol: Symbol selection
Size: Symbol size
Position: Position of symbols in chart

3. Trigger Liquidity
Specifies the liquidity to be displayed in case of a
absolute liquidity change. With the selection box
activated, signals are filtered and displayed in the
bookmap chart.

4. DOM Level from / DOM Level to in Ticks

Starting from BBO (Best Bid Offer) price, the price levels
are filtered from 1 to 5 (free to be defined). These levels
are interesting for trading because they can be
manipulated in the immediate "vicinity" of the price (BBO)

5. Send Telegram Notification

Enabled / Disabled allows you to send a notification to
the messenger service "Telegram".
Read more on Page 25.

TOP

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021] 22 / 39

Current Average Liquidity

Current Average Liquidity is a great supportive indicator
in TTW-TradeFinder Pro, which measures the current
average liquidity of an instrument - regardless of whether
it is a future or a stock.

Every traded, liquid stock exchange security, on every

stock exchange worldwide, has different liquidity at every
point of time of the day because the participation of the
market participants is subject to a constant change.

The average volume size in the DOM informs you about the
participants' interest in trading at any given time.

The Current Average Liquidity measures the average

liquidity in the DOM of an instrument starting from BBO
(Best Bid Offer) level.

TOP

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021] 23 / 39

1. Position
Specifying the positioning of the liquidity meter in the
bookmap chart.

Disabled means deactivated.

Additional options:
Top Left / Top Right / Bottom Left / Bottom Right

2. DOM Level from / DOM Level to in Ticks

Starting from BBO (Best Bid Offer) price, price levels
are filtered from - to.
Default settings are: 1 to 10.

3. Update
Click "Update" to temporarily save the average values
in the "Bid: " and "Ask: " parameter-box. Each manual
update stores actual current values. Each update
stores new values.

You can manually take over values in your own

calculation table, to create your own statistics. The
evaluation will impressively show the average and
temporal volume distribution for an instrument over a
period of time.

TOP

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021] 24 / 39

TTW-TradeFinder: Settings Example

Settings for ES Future

Main Session: 9:30 am - 4:00 pm (EST)

Average volume based on Liquidity Meter is

approx. 140 contracts / price.

Stop Run Settings

Trigger Volume: 800
Max Duration: 3 seconds
Price Change: 6 ticks = 1.5 pts
Ratio: 3 (4)

Hidden Orders (Iceberg) Setting

Order Size Trigger: 200
(In case of an executed and finished Hidden Order (Iceberg) of equal
or more than 200 lots, an Iceberg signal is generated and displayed in
the chart.)

TOP

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021]
25 / 39

TTW-TradeFinder Pro: Telegram

Notifications from TTW-TradeFinder Pro to the active
trader are simple and effective!

TTW-TradeFinder Pro supports every trader by notifying

him based on set conditions.

You can set acoustic signals

on your PC for alerts.

Otherwise you can use

Telegram Messenger to send
you messages when defined
conditions are triggered in
real-time. Following pages
describes how to set up
Telegram securely in two
minutes.

TOP

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021] 26 / 39

Using Telegram:
Your Privacy and Security

To enhance your security and privacy using Telegram we recommend

undergoing few steps more to achieve the best possible protection. It will
take you only about 2 minutes to set up everything securely in a browser of
your choice with our thorough step-by-step description.

Risk Disclaimer:
TTW Trading Services Ltd. and its employees are not responsible for any data damages, user fraud, breaches, stealing of user data caused by an
improper or casual settings in Telegram messenger. The use of a messenger like Telegram is the sole responsibility of the user and trader.

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021] 27 / 39

Setting up Telegram Alerts

To receive Telegram Alerts you will need a Telegram User
Id as well as a Telegram Bot API Token.

Once you get all data (User-ID, BOT Api Token) you can add
the data into the corresponding fields of
TTW-TradeFinder Pro.

Following are the steps you need to get the data:

1. Open web.telegram.org in your browser.

2. Sign in to your Telegram account or create a new one.

TOP

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021] 28 / 39

Getting your Telegram User ID

1. Type “userinfobot” in the “Search” field.

2. Click on the entry called "userinfobot, @userinfobot,

bot" .
Make sure to select the correct one. Some look very
similar!

TOP

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021] 29 / 39

Getting your Telegram User ID

3. Click the “Start” button.

TOP

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021] 30 / 39

Getting your Telegram User ID

4. Your “User Id” will be displayed. Please write it
down for next steps.

TOP

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021] 31 / 39

Getting a Telegram Bot API Token

1. Type "BotFather" into the "Search" field

2. Click on the entry named

"BotFather, @BotFather, bot"

3. Click “Start” button

TOP

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021] 32 / 39

Getting a Telegram Bot API Token

4. Type "/newbot" and click "Send" or
press "Enter"

TOP

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021] 33 / 39

Getting a Telegram Bot API Token

5. Follow the instructions by the BotFather:

1. Enter a name for your new bot

(for example "TTW-Alerts")

2. Enter a username for your new bot

(for example "TTWAlerts1234Bot")

3. Please note: The username must be

unique. If it already exists, select another
one.

6. Your Telegram bot is ready and you

received your Telegram Bot API Token.

TOP

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021] 34 / 39

Getting a Telegram Bot API Token

7. Copy it!

8. Keep your token secure and store it safely,

otherwise it can be used by anyone to control your
bot.

TOP

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021] 35 / 39

Opening the Chat with your Bot

1. Type your bot's username as selected above into the
"Search" field and click it.

Make sure to select the right one. Some might look

very similar!

2. Click “Start” button.

TOP

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021] 36 / 39

Testing Telegram Alerts

1. Now you can enter your “User-ID” and “Telegram
Bot API Token” into TTW-TradeFinder Pros
“Telegram Notifications” settings.

2. Click the "Send Message" button

3. You should receive messages directly in your

Telegram desktop client or on your Telegram mobile

TOP

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021] 37 / 39

Deleting Telegram Bot

1. You can delete your Telegram Bot at any time very 5. BotFather shows a selection how to proceed:
easily.

2. Type into Telegram “Search”

1. BotFather

3. Type into the BotFather chat: /mybots

6. Press “Delete Bot” and follow the procedure.

7. You’re done.

4. Click on your bot, you want to delete.

TOP

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021] 38 / 39

We create the ultimate edge for your trading!

Walter
Founder, Trader

g To Win
in

Te
d
Tra

am
Thomas Markus
Development Algo Development

Bernhard Philipp
Strategy, Testing UI/UX

TEACHING M E N TO R I N G TRADING D E V E LO P I N G SUPPORTING

TOP

©2021, TTW Trading Services Ltd.

TTW TradeFinder User Guide [Version 16.02.2021] 39 / 39

[email protected]

https://ttwtrader.com/ttw-tradefinder/

youtube.com/ttwtrader

twitter.com/ttw_trader

https://ttwtrader.com

TTW TRADING SERVICES Ltd.

Doulton Road
B65 8JG
Rowley Regis
England

TEACHING M E N TO R I N G TRADING D E V E LO P I N G SUPPORTING

TOP

©2021, TTW Trading Services Ltd.