Every order, from placement to fill
Market-by-order (L3) data shows adds, modifications, cancels and fills — who is pushing, who is absorbing, and who is pulling liquidity.
CME GROUP FUTURES · GC / NQ ORDER FLOW
Read the order book,
not just the candles.
TradeWhy rebuilds the full-depth order book for COMEX gold futures (GC) and CME Nasdaq futures (NQ) order by order. A local engine watches every event; when something genuinely significant happens, AI explains who is in control in one plain sentence, and attaches the conditions that would prove it wrong. The machine checks those conditions every second.
GC · NQlive now
1.085BGC order events
63.26MNQ trades calibrated
MBO reconstruction → microstructure features → event alignment → intent → machine-checked invalidation
HOW IT WORKS
Quiet most of the time.
One sentence when it matters.
Most tools show you more data. TradeWhy decides when the data is worth your attention, says what it means, and tells you in advance what would make it wrong.
Measured per instrument, tick by tick
Gold and Nasdaq have different liquidity, tick sizes and sessions. Each gets its own baselines instead of one copied set of thresholds.
News on the same timeline as the tape
Macro releases explain why now; the order flow that follows shows whether the market actually believed them.
AI speaks only on significant structure
Routine noise stays silent. A real shift wakes the model once, and it must answer in a structured, checkable form.
Checked by rules, every second
Whether a call has failed is decided by deterministic checks on the data, not by the model grading its own work.
01Order-by-order engine
See the process
that produced the price.
A candle is the compressed result. A depth snapshot is a single photo. Order-by-order data is the film: which orders arrived, which were pulled before they could trade, and whether heavy trading actually moved price.
- 01The full life of each exchange-visible order
- 02Whether aggression actually changed price
- 03Queue depletion, refills and liquidity pulling away
- 04Only what the exchange shows — inferences are never presented as identities
L3 order lifecycle · CME · illustrative
What is visible
Sellers keep hitting the bid, but liquidity at the same price keeps coming back. More effort, less price movement.
Strategy qualification · illustrative
Selling absorbed · candidate rule
Forward observation✓GC order-level historical replay298 days
✓Still valid with the best day removedpassed
✓Cost and slippage stress testpassed
✓Invalidation and exit rules completechecked
4/20Forward observation samplein progress
Not yet qualified for the portfolio. The gate is recalculated when the required sample is reached — never waived early on a good run.
02Honest testing
If an idea repeats,
test it properly.
Recurring structures can become candidate strategies, but the AI never gets to declare a strategy good. Strategies that depend on order book behaviour are replayed on order-level archives — if there is no archive, TradeWhy says so instead of faking it with candles.
- 01Order-level replay, never candle approximations
- 02Full-sample and best-day-removed results side by side
- 03Forward observation outside the historical sample
- 04Qualification gates before anything joins a portfolio
WHAT IT WON'T DO
Clear boundaries,
stated up front.
TradeWhy forms hypotheses from visible evidence that later market action can overturn. It does not predict prices, give buy or sell signals, or promise trading results.
No price targets or trade signals
It explains what the order flow shows and when that explanation stops holding. The decision stays with you.
Strategies auto-run only in simulation
Real accounts are manual-order only. Cancel, flatten and emergency exit stay available even when locked, disconnected or tripped.
Limits of the data, said plainly
Order-by-order data shows exchange-visible behaviour only. Hidden size such as iceberg orders can be inferred from refills, never confirmed.
LANGUAGE STATUS
Chinese today.
English is next.
The Windows app, its interface and its AI commentary are currently available in Simplified Chinese only. We are building the English version. Leave your email and we will write to you once — when it is ready.
In the meantime, the order flow glossary is in English and free to read: iceberg orders, absorption, footprint charts, depth of market, and what testing on real GC order data found.
Current pricing for the Chinese version: Founder Pro, $1,399 for 365 days, including 4,500 AI points per month (1 point = $0.01).
CONTACT
Write to us.
Questions about the product, billing, partnerships, or the English waitlist — leave a message and we will reply to the email you provide. This is not instant chat; allow a business day for a response.
Please do not send passwords, license tokens, or brokerage credentials. For account changes on the Chinese app, Chinese-speaking support via WeChat is usually faster.
TradeWhy.ai
Understand the market first.
Then test whether it repeats.
Analysis only, not investment advice. No trading outcome is guaranteed.