Believe it or not, Cheddar Flow isn’t the name of an aspiring rapper. Instead, it is a modern options order flow platform that can be used to track order flow, discover unusual options activity and follow the smart money in real time. The filtering functions and ability to customize allow users to set the software to send them the most relevant trading setups according to their own preferred trading instruments and strategies. In this Cheddar Flow Review, we will take a look at what it is, how the software works along with some of the more prominent features of the platform. The goal is to help you learn more so that you can make an informed decision as to whether this particular trading tools is something that you would find useful implementing withing your day trading activity.
What is Cheddar Flow?
Cheddar Flow is a rapper straight out of the mean streets of Boston. OK, my effort at a joke (if you can call it that) was bad enough the first time round so I will get straight to the point – Cheddar Flow is a leading platform for discovering unusual options activity and smart money trading. If we know the price levels where large activity is happening and the big dogs are playing, then we can consider using this information as part of our own trading strategy to try to take advantage of it.
The Cheddar Flow platform can be an incredible tool when used correctly. It is an ideal solution for tracking order flow and spotting potential trading setups. There is an intelligent tracking system that identifies orders based on unique options order flow specifications. It has advanced filtering functions with the ability to customize which really helps to set it apart from some of its direct competitors. If you want to know what the whales are doing, Cheddar Flow has got you covered!
Cheddar Flow Features
Let’s take a look at some of the key features of the Cheddar Flow Platform:
Unusual Order Flow
Cheddar Flow can track option contracts that are being traded at a much higher volume than their daily average. Unusual options activity analysis is a great way to identify when big institutions buy and sell options. The unusual option volume can alert traders if something notable is happening in a particular stock, sector, or within the market as a whole.
AI Power Alerts
This is an intelligent signal generator that is powered by a sophisticated algorithmic model. It helps the user to digest the information quicker so that they can use it in their trading strategies. The rich data information that is generated by the algorithm to trigger the power alert spot price can be used to aid your decision making if you mostly day trade.
- Real time visual alert notifications
- Intelligent profit / loss calculations
- Historical alert analysis
Dark Pool Transactions
This is another powerful feature which shows equity orders that are being traded in dark pools and not available to the general public. As of now, 40% of all institutional trading happens inside the dark pool. Impressively, Cheddar Flow scans hundreds of thousands of these trades each day.
Dark pools are private exchanges for trading securities that are not accessible by the investing public. Dark pools were created in order to facilitate block trading by institutional investors who did not wish to impact the markets with their large orders and obtain adverse prices for their trades.
You can gain access to high volume, privately negotiated orders that trade only on private exchanges. These are mainly used by Institutional investors who are trying to conceal their trading activities. However, this powerful data is now available to you through platforms such as Cheddar Flow. Just keep in mind that there can be a delay on dark pool information from a few hours to days.
- Pre & post market transactions
- Signature prints
Intelligent Order Tracking
The Cheddar Flow platform can intelligently highlight orders by analysing specific market data and alerting you to what the most important things are that you need to know to gain your edge.
- Unique order highlighting
- Repeat call activity
- Contract order details
Filtering Options
There is an impressive selection of over 20 advanced filtering options, you can quickly customize the order flow to better fit your individual trading strategy as all traders are different. You can combine as many as you want to get the most out of the data and remove unnecessary market noise. Cheddar Flow has some of the best filtering options when compared to similar trading tools such as FlowAlgo, FlowTrade, SweepCast and TradeUI.
- Multi-select filter ability
- Advanced range scales
- Personal watchlist filter
Watchlist & Alerts
You can setup your very own watchlists and alerts to get notified about the events that matter most to you. It can help you to stay focused by only receiving the order flow that’s on your list.
Advanced Charts
You can also stay up to date with real-time stock quotes from advanced charts in the Cheddar Flow platform where you can run your own technical analysis. You can setup customised charts and layout which can be saved to use at a later date.
Historical Data
Search equities across a wide range of time frames to back-test your ideas over historical data. Just remember that the markets are constantly changing so good performance on past data does not mean there will be good results moving forward.
Education Centre
Cheddar Flow present a good section of tutorial videos and trading guides that are designed to help you improve your trading skills and knowledge of the markets.
Community
There is a welcoming and friendly Cheddar Flow Discord community where you can discuss trade ideas with fellow users. This is a great place to learn new trading strategies and get inspired whilst helping others in the process.
Discord is a free voice, video, and text chat app that’s used by tens of millions of people to talk and hang out with their communities and friends. People use Discord daily to talk about many things, ranging from art projects and family trips to homework and mental health support.
Devices
Cheddar Flow can be accessed from most modern web browsers on your desktop and mobile devices so you can track order flow from anywhere.
How much does Cheddar Flow cost?
Cheddar Flow have a free 7-day trial for the Standard plan only if you would like to take the platform for a spin to see if it meets your expectations. Keep in mind that if you go beyond 7 days and forget to cancel, your account will be billed automatically. Following on from that, you can choose from a range of pricing plans with no commitments or obligations – you can cancel or upgrade/downgrade your package at any time. They accept credit card and debit card payments only. All payments made are non-refundable and they do not offer pro-rated refunds.
The available Cheddar Flow pricing plans are as follows:
Standard Plan
- $85 per month
- 7-day free trial
- Real time order flow
- Advanced filters
- Unusual volume data
- Flow overview insights
- On-demand historical data
Professional Plan
- $99 per month
- All standard plan features
- Custom watchlist builder
- Dark pool prints / Levels
- AI power alerts
- Desktop alerts
Professional Plan Annually
- $75 per month or $891 paid upfront (25% off)
- All standard plan features
- Custom watchlist builder
- Dark pool prints / Levels
- AI power alerts
- Desktop alerts
Cheddar Flow Conclusion
The Cheddar Flow development team have built a very powerful yet user-friendly platform that they continue to improve based on feedback which they welcome from users. It is safe to say that customer support is excellent, in a constantly evolving industry which has newcomers each and every day. To stay relevant, they use innovative technologies and provide solutions that the modern era of traders and investors demand.
That being said, this is not a set and forget trading solution and it will not deliver you trading signals that are guaranteed to be accurate. Of course, nobody can predict the markets with 100% certainty. I would use the information the platform provides on options order activity and smart money as part of my own trading strategy. If there is unusual activity and a large amount of money going into a particular asset, I would consider following it and using a combination of additional market analysis to confirm any trade position.
Therefore, Cheddar Flow does require some initiative on behalf of the trader although it is easy to use the platform and quickly interpret the signals that it generates. You can customise and filter the instruments that you follow and alerts that you receive to make sure they are relevant to your needs and to avoid market noise.
Putting everything together that we have covered in this Cheddar Flow Review, it is safe to say that this is a very good trading tool that can automatically scan lots of financial market data which it then presents to you in one convenient and intuitive platform so that you can do with it what you please.
All the analysis information is for reference only and doesn’t constitute an investment recommendation.
Cheddar Flow
$75
Pros
- Unusual order flow
- AI power alerts
- Dark pool transactions
- Intelligent order tracking
- Advanced filtering options
- Custom watchlist & alerts
- Advanced charting
- Education centre
- Discord community
- Use on mobile and desktop web browsers
Cons
- Pretty basic flow
- Takes some time to learn
- No live streaming
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
