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New account Sierra with Denali data- basic questions


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New account Sierra with Denali data- basic questions

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  #1 (permalink)
Los Angeles, ca
 
 
Posts: 4 since Nov 2014
Thanks: 1 given, 2 received

I apologize in advance as I知 sure what I知 asking here is a fairly common question that has been answered but would love a little guidance.

I am looking to use Sierra chart to trade - coming from thinkorswim. I am used to everything all being inclusive under TOS so setting it up through separate sources is a little confusing. I generally think I understand but have a few 電umb questions since I知 new at having to get multiple services to set up an account.

So my end goal is to trade ES, NQ, YM, ZB, ZC & CL

I am guessing this means I could use the 電enali data from Sierra chart? I like the idea of getting data from Sierra since it will work well with their platform in theory.

Question 1: Is that correct that Denali would work to trade those markets?

I also see there is 鉄ierra chart futures order routing service with data

Question 2: what is this? Do I need it? when I first read the title of 途outing service I assumed it means I don稚 need a dorman or Philip Capital- but then I read further and see I do need a broker (is that the right term? Again sorry new to having services so fragmented for setup) so what is this exactly and do I need it/ want it?

I wrote dorman to try and set up an account- they replied with: 展e recently received your application for a new account. Please confirm: who is your broker through Dorman Trading? Are you currently working with a broker or would you like to be assigned to an in-house broker? Please respond to this email so that we may proceed with

I replied- I am wanting a new account to self trade using Sierra chart platform and data
I知 not sure what they are really asking me? Or if I need them?

I know there are IBs which if my understanding is correct act as a middleman to help get things set up? But I知 not sure I want/need one - because I question what value do they bring once my account is set up, and don稚 they keep charging?

I saw the owner of optimus futures on many of these forums seemed very helpful, but wasn稚 sure I wanted to keep paying extra fees once I知 set up, and was thinking I would just use Sierra data anyway etc.


So as you can see, I have some confusion on the clear path I need to go to.

My end goal is
-to have the best unfiltered raw tick data with the most depth possible for the markets I listed above
-trade on Sierra chart
-wishlist: would be also be able to access my positions / trading on mobile app (fine if different than Sierra - as long as I can buy/sell when on the go)
-would be great if the data could be used also in TradingView to accommodate the above wishlist of mobile trading- but not sure Denali would work that way


Any advice for a not so new trader, but very new to going outside the Tos ecosystem would be most appreciated!

Thanks!





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  #2 (permalink)
Revali, EE
 
 
Posts: 34 since Aug 2015
Thanks: 1 given, 53 received

Q1: If you go for Full CME Group (CME, CBOT, COMEX, NYMEX) with Market Depth for nonprofessional Trading accounts for $31.25 you access to all markets with Denali Exhange Data Feed

Q2: Please refer to https://www.sierrachart.com/index.php?page=doc/SierraChartOrderRoutingServiceWithData.php

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  #3 (permalink)
Valencia (SPAIN)
 
Experience: Intermediate
Platform: SierraChart
Broker: Interactive Brokers / Infinity / Optimus
Trading: Emini, Nasdaq, DAX, Bund, IBEX
 
SamJames's Avatar
 
Posts: 60 since Feb 2018
Thanks: 11 given, 81 received


I am exactly in the same position, I am trying to figure out how to setup sierra with a broker.
The introducing brokers like Optimus, cannon or GFF they try to "push" towards other datafeed. .... like transact or rithmic.
The problem is that transact gave me some issues in the past and Rithmic is no more suppported my most recent versions of Sierra.
I hope some one in the forum has some answers.

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  #4 (permalink)
Albuquerque, NM, USA
 
 
Posts: 59 since Jul 2012
Thanks: 44 given, 52 received

I use AMP as my broker for trading MES. I use Sierra Chart Service Package 3, which is free through AMP. When I changed from Rithmic over to Denali, AMP took care of that so all payments would come out of my AMP account.

Denali is $20/Month -plus- 0.10/Side -plus- $2/Month Admin Fee on top of my $10/Month CME Exchange Fee -plus- various other fees. SC's Order Routing Service is required. My All-In Fee to trade 1 MES contract is 0.39/Side.

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