MBO Analyzer · for Windows

Order-by-order analysis, backtesting and trading — in one tool.

MBO Analyzer is a Windows trading platform built on market-by-order (MBO) data: it rebuilds the full order book message by message and shows what resting liquidity, aggressive orders and every single trade are doing — as a liquidity heatmap, footprint, depth ladder and order-flow panels. Strategies are written as plain JSON files (an AI assistant can write them from our rules document), and the same engine runs them on the chart, in backtests across months or years of data, and live on a direct market-data feed — so what you test is exactly what trades.

MBO Analyzer: liquidity heatmap with candles, order book and time and sales on NQ futures

Who it is for

  • Futures day traders who read order flow and the book (NQ, ES, YM, GC and other CME products).
  • Traders who want to turn an idea into a tested, rule-based strategy without writing code.
  • Strategy developers who need honest backtests: latency, slippage and fill scenarios, no look-ahead.
  • Small trading teams running a demo or live account, alerts and copy-trading from one place.

Features

Liquidity heatmap

Liquidity heatmap

Resting liquidity over time on a smooth colour ramp, drawn as lines or as areas. Wide views of several days stay fast thanks to a pre-built heatmap record.

Footprint and order flow

Footprint and order flow

Footprint candles in several looks (Deep, Cells, Split, Profile), delta, cumulative delta, stacked imbalances and volume profile with POC and value area.

Strategies as JSON — written with AI

Strategies as JSON — written with AI

Describe your rules; an AI assistant writes the strategy file from our rules document. Zones, pending orders, independent positions, trailing stops, scale-outs, add-on trades, entry hours and days are all supported.

Backtesting you can trust

Backtesting you can trust

Optimistic, realistic and conservative fill scenarios (latency, spread, queue, slippage), parameter sweeps with a map, out-of-sample testing, Monte Carlo, "what if" analysis and a history of every run.

Full order book, order by order

Every add, change, cancel and trade is replayed to rebuild the exact book at any moment — not just price levels. Iceberg, spoofing and pulled liquidity become visible.

Depth ladder and Time & Sales

A DOM-style ladder with big single orders marked, and a tape of every print with aggressor side and sweep detection.

Market behaviour detection

Sweeps, absorption, aggressive flow and book flips are detected causally — only from what was known at that moment — with the outcome of each measured afterwards.

One engine: chart, backtest and live

The same engine decides on the chart, in the backtest and live, even inside a forming candle. A strategy that cannot be traded live exactly as it backtests is refused at load.

MetaTrader 5 tick backtests

Load years of MT5 tick exports and backtest bid/ask strategies with broker symbols, lots and weekly or monthly reports.

Live market data

Connect a supported live data feed for the full order book and trades, live. Everything is recorded to disk, so a chart opened later has its history with the whole book.

Long ranges on one chart

Open several days at once, candles adapt to the zoom (1m to 1d automatically), and an analysis cache reopens a day in seconds.

Demo and live trading, with risk control

TradingView-style trading on the chart, an order ticket and a trade manager — on a demo account, or on a real account on selected plans. Survives restarts and crashes. Daily-loss and position limits, trading hours and a one-click kill switch.

Alerts and copy-trading

Telegram alerts with a chart image, and trades sent to a copy-trading hub for MT5 and cTrader accounts.

Reports

HTML reports with annotated charts for every strategy and backtest, and a report written for an AI assistant to improve a strategy.

Built for long sessions

Rolling tape for 24/7 running, crash reports, a supervisor that restarts the app, and graphics-device recovery.

System requirements

MinimumRecommended
OSWindows 10 64-bitWindows 11 64-bit
GraphicsDirectX 11 GPUDedicated GPU
Memory8 GB (one full order-book day ≈ 2.5 GB)32 GB (several full days at once)
DiskSSD, 10 GB freeSSD, 100 GB+ free when recording live data
NetworkInternet for live data and licenseStable broadband, low latency to the data-feed server
Other.NET 8 Desktop Runtime (for the live data feed)—

Try MBO Analyzer for 14 days

Every Pro feature, one computer, no card required.

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