Online Prop Trading

Jigsaw Trading Review for 2024

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Last Updated: January 6, 2023

Jigsaw Trading Review

Pricing (one-time fee):
  • Independent: $579
  • Professional: $879
  • Institutional: $2299

Refund Policy: Money-back guarantee covers software cost for 14 days. Training is not covered.

Training: Professional Order Flow Training, Mentoring Program


Direct Connection to Your Data Feed:
  • CQG Continuum
  • IQFeed
  • Rithmic
  • Gain (OEC)


Bridge Connection through the following:

  • Tradovate
  • MetaTrader 5
  • NinjaTrader 8
  • InteractiveBrokers

What is Jigsaw Trading?

Jigsaw Trading provides day traders with various tools and educational resources that teach them how to trade order flow charts effectively.


Order flow trading is quite different from traditional technical analysis, which most traders are used to. However, it is rapidly becoming the preferred method due to the increasing number of high-frequency traders and the increased pace of modern trading.


Jigsaw trading is great for both novice and experienced 'tape traders.' It is also one of the most widely used order book trading resources.

Let's take a look at Jigsaw Trading so that you can determine if it's the right tool to meet your day trading needs.


Commonly, traders use technical and fundamental analysis when deciding whether to enter a trade. Jigsaw Trading takes a different approach and uses various tools to teach traders how to use order flow charts to place trades.


This Jigsaw Trading review will explain how order flow trading works and how you can make it work for your business.


Jigsaw Trading was founded in 2011 by Peter Davies. It is a privately owned company that offers innovative solutions to traders who trade stocks and futures. Jigsaw Trading is the most popular trading software among more than 280. It serves more than 3500 customers worldwide.


Stock exchange trading requires great brokers to be successful. No longer will you have to do it yourself. It would help if you found the right broker for your trading style.

Jigsaw Pricing Plans

Independent - $579 Professional - $879 Institutional - $2299
Daytradr™ platform, One time payment ** Daytradr™ platform, one time payment ** Daytradr™ platform, one time payment **
Complimentary - Journalytix™ trade history analysis Complimentary - Journalytix™ trade history analysis Complimentary - Journalytix™ trade history analysis
Complimentary - Trade calendar & leaderboard Complimentary - Trade calendar & leaderboard Complimentary - Trade calendar & leaderboard
Complimentary - Live chat room access Complimentary - Live chat room access Complimentary - Live chat room access
Complimentary - Realistic trade simulator Complimentary - Realistic trade simulator Complimentary - Realistic trade simulator
Complimentary - Supports demo/sim trading* Complimentary - Supports demo/sim trading* Complimentary - Supports demo/sim trading*
Complimentary - Hands-on support Complimentary - Hands-on support Complimentary - Hands-on support
Complimentary - Free basic training Complimentary - Free basic training Complimentary - Free basic training
Complimentary -Advanced order flow training pack Complimentary -Advanced order flow training pack
Institutional training – “trading with price and order flow strategies”
Complimentary - Monthly group therapy session – 12 sessions

Jigsaw Trading offers three different choices to pick from. The more you pay, the more you get. Keep in mind that these are one time fees, therefore you will not have to worry about re-occurring hefty charges on your card. Also it is worth noting that there is a 14 day money back guarantee if you are unhappy with the software ($579). There is no money back on training since you cannot unlearn things.


With the cheapest account you will get the software itself as well as some complimentary features. One of them being the "Free Basic Training." We will cover the training provided by Jigsaw in greater detail below.

Jigsaw Trading Overview

jigsaw trading review

Jigsaw's tools are built around proprietary trading strategies that institutional traders use daily. They are extremely fast and highly effective. Trading data is provided exactly how you need it, without any gimmicks. This platform was built to give institutional traders an edge in the markets. It can identify trapped traders and can run 'outside the box. Intelligently enough software to improve your market edge should not make you responsible for setting up hundreds of settings. Jigsaw's software can be used on Windows and Mac with Bootcamp/Parallels emulators.

 Daytradr Trading Platform

The daytrader platform was designed for day traders of futures or exchange-traded spreads. It is a standalone, multi-threaded, standalone platform that connects with CQG and Rithmic as well as Tradovate and Interactive Brokers. daytradr includes all of the popular plugins and IQFeed features. In addition, daytrader includes all of the features from Jigsaw, which more than 4,500 traders use.


The GAIN Feed can also be known as Alpha Trader (Apex Trader), ATC Trader; CTG Pro, DTPro, G-Force Trader; or Global Zen Trader. High Ground Trader. Index Trade Launcher. S5 Trader & Zener 360.

Jigsaw Bridge Plugin

Jigsaw's award-winning tools can be integrated into your existing trading platform. For example, Daytradr can connect to the Jigsaw Platform Bridge (TM) with MetaTrader 7/8, MetaTrader 5, MultiCharts.NET SE, and MultiCharts.NET 7.

 Jigsaw "LTF" Charts

Jigsaws LTF Charts is a complete charting package that works "out of the bag" without user setups or complicated configurations. In response to the CME's tightening regulations, they added traditional charts into our Order Flow package. Data fees can increase significantly if you connect to 3 or more apps. This charting tool is for traders. It is not designed to have thousands of options per indicator and chart. This has been done before, and we don't want to copy what others are doing. We also won't be trying to compete with tools you can tinker with forever. This is what 99 percent of charters need "with a few clicks possible."


Jigsaw started with the "LTF" (lower time frames) - which are those that fall below the daily hour. They are working on adding more timeframes to the site.

Depth & Sales (Depth Market)

Jigsaw's interpretation is the Depth of Market (DOM) through Depth & Sales. This tool is essential for the decision-making process of a proprietary trader. Here we can see the interaction between active and passive traders (limit orders). We can also get a feel for the trading activity. Spending time on the DOM to drill your market knowledge will pay huge dividends, regardless of whether you make long-term decisions via the DOM or other visual tools. The Depth & Sales Show:

  • Trades that hit the market have an impact.
  • Where traders get stuck
  • Stop orders or traders likely to be located in the same area
  • To avoid a move, traders may cancel or pull their orders.
  • In anticipation of market holding, traders are iceberging and front-running the markets.
  • Balance of trade/momentum
  • Alert column for premarket notes
  • Integration with JS Services Desktop
  • Order Queue Position
  • Trade P&P per Price

Depth & Sales can also be used as your primary order entry tool. In addition, it offers one-click trading, automated exit strategies, and volume-based stops.

The Auction Vista - Order flow History

Auction Vista provides a detailed view of historical and real-time order flow. It is a very accurate view of self-tuning with only a few settings to make it work best.

  • Market Depth Visualization - The shaded background shows us where liquidity is. Although this does not guarantee market stability, it is a sign that other traders may be interested in the area. We look out for other traders who are front-running the market or for liquidity that can be pulled away from the way as the price rises.
  • Large Trade Circles Our proprietary algorithm identifies high-volume areas that trade consistently over time. These circles have been proven to identify key areas, such as the end of peak volume, iceberg orders, and market turning points.
  • Trade from Chart – Manage your trades right from the chart.
  • Price Delta Chart, Cumulative Delta and Volume Delta Bars, Depth Histogram, and Flip charts make this the best Order Flow chart available.

Simulator for Trade

Most trade platforms make learning how to trade or develop a strategy difficultly. You won't be able to see how realistic the results will be unless you trade live with real money. Most platforms have an optimistic view of the prices at which you would be filled. For example, jigsaw daytrader offers realistic fills for Limit Orders and realistic slippage for Market and Stop Orders. The Jigsaw Trade Simulator provides more realistic results, whether you're learning to trade or trying out new strategies.

Smart Gauges

The Pace of Tape Smart Gauge (PoT) is available in over 50 styles. It provides an easy-to-understand view of the market's pace relative to the historical average.


This is the most obvious application of this technique. It allows you to observe changes in trading activity at critical inflection points (e.g., Support and resistance levels in the market are some of its most obvious uses. The less obvious uses of the market's pace of trade are to help gauge the strength of pullbacks, determine the likelihood of a market breaking out, and for trade management. All of these uses are made possible by the speed of trade that institutional day traders use daily.


Monitoring the speed of correlated markets is a different but equally valuable use. If S&P Futures, Nasdaq, and DOW Futures all seem lively, you will have a greater chance of following through. Conversely, it's more likely that any move will be canceled if your market is quiet and the others are active.

How Jigsaw Identifies Order-Flow Patterns

Jigsaw can help identify patterns in the order flow. The first is to provide order flows in real-time in their Depth Of Market (DOM) tool and order book heatmap. The historical representation is second. Click Here to learn more about stock market training.


Clearer DOM means that it is easier to understand and avoid making mistakes. The DOM tool is Jigsaw's strongest feature. Jigsaw's visual appeal is much better than BookMap, Jigsaw's rival. Virtually everything is customizable in terms o appearance. This can make a difference when you stare at your screen for hours.


Historical Representation


It is impossible to find historical bid x request data on all data feeds. It is generally not available on most data feeds. This is because the data isn't well-organized and doesn't make sense. It is also known as "unbundled data." Jigsaw's ability to collect this data and then stitch it together is what sets them apart. This is what Jigsaw does. They use an algorithm to re-bundle orders according to the market size.

This ability is unique to any other trading platform. This means that you can access extremely powerful information for back testing your strategies.


Capability to trade


Its highly customizable DOM allows traders to enter OCO and custom smart order types, depending on the platform it's running.

The platform is not innovative, but it does have some things. However, I don't think that should be a deal-breaker.

To practice with the trading alerts, you can use their one cancels and other order types.

Jigsaw Trading Pros and Cons

Pros

  • Software for ordering books of high quality
  • High-quality educational and training materials
  • A DOM tool and a heatmap are two visual representations of market flow in real-time - one is a heatmap, and the other is a DOM.
  • Superior customer support is supported by a supportive community and a live chat room.
  • Ability to re-bundle or execute orders the same size as when placed on the market.

Cons

  • Heat map of Jittery
  • There is no built-in market replay function.
  • High cost for basic platform, education materials, and subscription fees.
  • This is a dedicated area for order book trading only, which can be restrictive for some day traders.

Jigsaw Trading Education

Basic Order Flow Training

Jigsaw customers are eligible to receive our beginner course at no cost. Learn the fundamental principles behind order flow trading and how order flow can be applied to Trading. The theory is great, but the real magic of Trading comes from practical experience. Module 2 will discuss trading drills that can help you achieve that "aha" moment in Trading.


Module 1: Order Flow Theory

  • Introduction to Order Flow (2 Hours)
  • Training in order flow - back to basics (2 Hours)
  • Practical Application of Order Flow (2 Hours)
  • 1.5 hours Introducing Order Flow to your Trading
  • Auction Vista (1.5 Hours)
  • Thinking Outside the Box (for 1 hour)



Module 2: Order Flow Drills

  • Jigsaw Tools are now available.
  • Drill in Cut and Reverse
  • Trading Drill - "One Tick"

Advanced Order Flow Training

Order Flow trading does more than define and refine market entry points. We will discuss advanced aspects of Trading that Order Flow can enhance in the advanced modules. Order Flow can greatly improve the efficiency of Trading by allowing you to manage your trades and trade in different market conditions. Module 4 focuses on trade location and what you want as a trader.


Module 3. - Order Flow App - In Detail

  • Trade Management with Order Flow/Correlated markets (1 hour)
  • Day Trading without Charts (1 Hour)
  • Use Order Flow (1 hour) to find turns/reversals on the market.
  • Ultra-short term trading (scalping) techniques (1 hour)
  • 1.5 hours of slow, choppy Trading in holiday markets
  • Trades in the first minutes (1 hour).
  • Trades in smaller markets such as Crude and Dax (40 minutes)



Mod 4 Trade Location

  • Day Trading for Dummies: What are you trying to accomplish (20 minutes)
  • 1.5 hours: Creating your trading style
  • Swing Charts (20 minutes)

Institutional 'Trading With Price and Order Flow Strategy'

Private trading firms often recruit intern traders. They usually have no trading experience and don't have any bad trading habits. They teach them how to trade, then give them money to trade with them. We are pleased to offer a training course based on AXIA's London-based proprietary trading company. This course is what they use to teach their traders how to make profits. This course includes videos and valuable exercises that focus on the recent action. It will help you feel comfortable trading certain events, such as economic news releases. These exercises can be done with the Jigsaw tool.

Jigsaw Trading Review Summary

It might seem not easy to believe that anyone would choose any or order booking software. Users also have access to various trading tools, a comprehensive -free training course, and a lively trading community. The basic subscription is worth it if you are an experienced order-book trader.


It will cost you a lot if your first order book trade is unsuccessful and you need to use advanced tools. You might start with the basics, and then with enough experience, you can move up. Jigsaw Trading offers a great deal for experienced order book traders who want a highly efficient trading platform and order book software of high quality.


However, these higher-tier packages can be quite expensive if you're a day trader with no order book trading experience. This is especially true if you don't know if order book trading is the right path for you. Day traders new to ordering books should consider upgrading to higher-tier packages as their interests grow. However, day traders will find the initial investment in the platform and 1st-tier resources to be a good investment. This will allow them to learn more about order book trading and help them decide if they want it to continue.



As day traders gain more experience with order book trading, they will be able to purchase higher-tier packages to further their skills and knowledge. These tiers are worth the cost because day traders can use higher levels of knowledge to book trading.

Jigsaw Trading is a great place to trade order books, regardless of pricing.

Risk Disclosure: This content is provided for informational purposes only. We strive to make the content accurate and current by updating it often. Sometimes, the actual data may differ from what is stated on our website. onlineproptrading.com operates independently. Although we are an independent platform, advertisements and sponsored products may compensate us. We also receive compensation for clicking on links on our website. Authors and contributors are not certified or registered financial advisors. Before making any financial decisions, you should consult a financial professional.

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