Why move from MD to SC ? - Platforms and Indicators | futures io social day trading
futures io futures trading


Why move from MD to SC ?
Updated: Views / Replies:1,464 / 11
Created: by wwwingman Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Why move from MD to SC ?

  #1 (permalink)
Elite Member
Paris, France
 
Futures Experience: Intermediate
Platform: SC, NT, ToS
Favorite Futures: CME & Eurex Futures
 
Posts: 115 since Apr 2011
Thanks: 336 given, 187 received

Why move from MD to SC ?

Hi,
I am considering moving from MarketDelta Chart to Sierra Chart and am interested in your opinions.

I use MD and find it good, mainly because :
* Volume Profile: easy to use, powerful
* Footprints: works great in real time and the replay can be very useful for learning
* User variables: makes it comfortable to share values between charts.

I am interested in SC, mainly because it seems to have :
* Better stability: my MD hangs 1/2 times a week, and charts hang regularly on my powerful machine when there is a big data burst (news/FOMC/...).
* Better windows management for multiple monitors : IRT/MD floating charts are not comfortable IMO
* Better replay functionality (IRT/MD is very frustrating, start/restart is very very slow ..)
* Price ? (I am not sure this is an issue but how come there is such a big difference ?)
Secondary interest in Sierra Chart :
* More coding capabilities (C++ vs RTL), especially for strategies.
I am not considering SC for DOM/Trading.

Hope you can help...
W.

-- The rest is silence
Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

I decided to move from Market Delta to Sierra Chart.
My evaluation is on post #12 : here.

W.


Last edited by wwwingman; March 19th, 2013 at 09:00 AM.
 
  #3 (permalink)
Elite Member
Georgia, US
 
Futures Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 4,897 since Jan 2011
Thanks: 5,143 given, 11,242 received


Have you demoed SC? One of the big draws is DOM/trading, but if you don't need that functionality then I guess it's a moot point.

SC has good market profile and volume profile capabilities, though honestly I do not think they are quite as seamless and easy to use as in IRT/MD; however, it's been quite some time since I last used IRT so I don't have a recent comparison reference.

SC also has a pretty good footprint, though again it's probably not quite as robust as MD but I am not sure about that.

The user variables and RTL are quite nice features in IRT/MD. It was one reason I really like IRT; it made it very easy to do custom indicators quickly for quick and dirty jobs. SC has great built-in studies that make sharing indicator data from one chart to another very easy, and their spreadsheet study, once you learn how to use it, opens many new doors that other software just does not have built in. And as you note, SC has a very easy to program C++ interface that, once you learn the basics for, makes it pretty easy to write more advanced code if that's important to you.

The price is certainly better for SC, so that's a plus.

I recall only minimal stability issues with IRT, and I have only minor ones with SC as well (it never crashes during normal use; only when I have tried some off-the-wall things has it crashed on me).

As for speed, SC is absolutely fast, and IRT is pretty fast if I recall. Your issues with data bursts may actually be related more to the data feed itself, believe it or not, though the software is also a possibility. Doing a side-by-side comparison might make the culprit more clear.

I would recommend doing a trial of SC if you think you want to try it, and even after the trial is over you may consider just buying it for a month (package 5 is only $45 or so), and give yourself some time to learn the ins and outs of it, and then you can compare apples to apples. When I first tried SC, I hated it, because I could not relate to it coming from NT. However, once trying it again and seeing how awesome it was and learning how to actually use it, it was a no-brainer for me.

The good thing is that both software programs are excellent, so you can't go wrong either way! It will simply come down to which one better suits your requirements.

Reply With Quote
The following 2 users say Thank You to josh for this post:
 
  #4 (permalink)
Elite Member
Paris, France
 
Futures Experience: Intermediate
Platform: SC, NT, ToS
Favorite Futures: CME & Eurex Futures
 
Posts: 115 since Apr 2011
Thanks: 336 given, 187 received


josh View Post
Have you demoed SC?

Thx josh.

I started the demo yesterday and actually rebuilding my charts under SC. I can already see the logic is a little different than MD, but this software seems much faster and lighter than MD. I will continue evaluating it and will make an update.

W.

-- The rest is silence
Reply With Quote
 
  #5 (permalink)
Elite Member
Paris, France
 
Futures Experience: Intermediate
Platform: SC, NT, ToS
Favorite Futures: CME & Eurex Futures
 
Posts: 115 since Apr 2011
Thanks: 336 given, 187 received

My experience with Sierra Charts

Here is my overall feeling about SC after 4 days in demo mode.

Overall :
I find SC to be easy to use, fast and powerful. Like MD, I feel SC is one of the best platforms out there.

In detail :
I tried many time frames, time based, price based, and they all seem to work very well. Changing time frames is fast and the general look is great. So .. SC=MD.
Studies: Many available. Found all I needed. Though I don't use indicators, I saw all the indicators most traders use, and much more. So .. SC=MD.
Tools or drawing tools: I find SC tools easier to use and change. Amazingly, this is something I really don't like in MD (selecting/changing a trend line..). SC>MD.
Study/Tools customization: Multiple customizations available for both MD and SC. But MD makes it possible to make buttons to make quick predefined studies, show them or hide them. I find this very useful. MD>SC.
Market Profile : I find the integration of TPO to be great in SC. SC TPO is a study, so you can add/change a chart. In MD it is a specific chart than I don't like. SC>MD.
Volume Profile : This is where MD is very good. The SC volume profiles are much harder to select/adjust on the screen than MD. MD>SC.
Numbers bars/Footprints: MD footprints seem more mature, and I prefer their look. I think MD footprints lag a little compared to SC (I can make a video), and like the SC possibility to use small fonts. Overall SC=MD.
Multiple windows management: I don't like the way floating windows in MD work. They are related to the main window position and size. This gives me a headache every day. SC Windows management is perfect. SC>>MD.

I will update this post during the next days and hope some reaction of SC users.
W.

-- The rest is silence
Reply With Quote
 
  #6 (permalink)
Elite Member
Georgia, US
 
Futures Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 4,897 since Jan 2011
Thanks: 5,143 given, 11,242 received


wwwingman View Post
Study/Tools customization: Multiple customizations available for both MD and SC. But MD makes it possible to make buttons to make quick predefined studies, show them or hide them. I find this very useful. MD>SC.

The "region data line" in SC is the top of the chart showing data like the date, etc., which of course you can customize or even hide on a per-chart basis. When this is showing (make sure Chart->Settings->Adv2->Region #1 is Visible), you can right-click it and there is a show/hide/remove menu to quickly remove or hide/show studies.

Also, in Analysis->Studies you can save a single study or a collection of them that you can then quickly apply via the Analysis menu (I recommend saving the study or collection with "Prompt to Remove" enabled so you don't accidentally wipe other studies off a chart accidentally). It's not quite as fast as the buttons in MD/IRT but I can hide/show and add things very quickly--I very rarely have to add studies via the study menu anymore because I have my collections saved the way I want them and I can add them very quickly using these methods (and also I usually just hide studies I don't want to see right now and use the Show menu to show them again later).

Reply With Quote
The following user says Thank You to josh for this post:
 
  #7 (permalink)
Elite Member
Paris, France
 
Futures Experience: Intermediate
Platform: SC, NT, ToS
Favorite Futures: CME & Eurex Futures
 
Posts: 115 since Apr 2011
Thanks: 336 given, 187 received

Update after 7 days of demo

Here is my overall feeling about SC after 7 days in demo mode.

Overall :
I find SC to be easy to use, fast and powerful. Like MD, I feel SC is one of the best platforms out there.

In detail :
Bar types: Bodh SC and MD are great. Many types, all seem to work very well, switching from one to another is fast. So .. SC=MD.
Studies: Both SC and MD are great. Many studies available. I saw all the indicators indicators traders use, and much more. So .. SC=MD.
Tools or drawing tools: I find SC tools easier to use and change. This is something I really don't like in MD (selecting/changing a trend line..). SC>MD.
Study/Tools customization: Multiple customizations available for both MD and SC. But MD makes it possible to make buttons to make quick predefined studies, show them or hide them. I find this very useful. MD>SC.
Market Profile : I find the integration of TPO to be great in SC. SC TPO is a study, so you can add/change a chart. In MD it is a specific chart than I don't like. SC>MD.
Volume Profile : This is where MD is very good. The SC volume profiles are much harder to select/adjust on the screen than MD. MD>SC.
Numbers bars/Footprints: MD footprints seem more mature, and I prefer their look. I think MD footprints lag a little compared to SC (I can make a video), and like the SC possibility to use small fonts. Overall SC=MD.
Multiple windows management: I don't like the way floating windows in MD work. They are related to the main window position and size. This gives me a headache every day. SC Windows management is perfect. SC>>MD.
Replay: There are less options in SC. But it is fast to launch, rewind, stop, pause. With MD this is very painful, restart takes minutes. SC>MD.
Programming : MD is easy but limited. SC powerful but harder if you are not a coder. Differents tools for differents needs. I prefer SC but cannot give it a better rating. SC=MD.

I will update this post during the next days and hope some reaction of SC users. At this point, I have already stopped my MD subscription and already started using SC during trading. I don't know how to share levels between charts but believe it is possible and not hard to do. Maybe with Spreadsheets.
W.

-- The rest is silence
Reply With Quote
 
  #8 (permalink)
Elite Member
Georgia, US
 
Futures Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 4,897 since Jan 2011
Thanks: 5,143 given, 11,242 received


wwwingman View Post
I don't know how to share levels between charts but believe it is possible and not hard to do.

Very easy.

Chart->Settings->Adv2, "Copy Chart Drawings From Chart #'s"

Just enter the chart number (can be found in the title bar for example) that has the drawings, and if there are more than one, just separate with a comma (I think).

I wish it was possible to copy a single drawing from one chart and paste it to another, but it is not. It has been requested though so maybe it will find its way into a future version. The above method simply shows the drawings on the destination chart, and you cannot select or modify them in any way. And when you add a new drawing to the source chart, it will automatically appear on the destination chart, so it's all or nothing. In my opinion, a straightforward implementation and very sufficient.

SC is very configurable. You can hide the price/values scale, hide the time scale, use a left side values scale, show or hide day of the week, many different bar types, and just so many other things that other apps don't let you customize. This was one of the draws for me.

If you use a lot of volume profiling no doubt you have edited the menu that appears when you right-click a chart to include the "Draw Volume Profile" (available only in package 5) feature. In the last month or so, it has been added that can now select a profile as you would a normal chart drawing and resize it, just like you can in MD/IRT, which is quite handy if you use these a lot.

Reply With Quote
The following 2 users say Thank You to josh for this post:
 
  #9 (permalink)
Elite Member
Paris, France
 
Futures Experience: Intermediate
Platform: SC, NT, ToS
Favorite Futures: CME & Eurex Futures
 
Posts: 115 since Apr 2011
Thanks: 336 given, 187 received


josh View Post
Very easy.

Chart->Settings->Adv2, "Copy Chart Drawings From Chart #'s"

Thank you josh.

I need the levels to continue updating on all charts when I change them on one of the charts... I suppose a simple copy will not be enough. This is why I use user variables in IRT/MD and suppose I will need something like the spreadsheets in SC.
Am I wrong?

W.

-- The rest is silence
Reply With Quote
 
  #10 (permalink)
Elite Member
Georgia, US
 
Futures Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 4,897 since Jan 2011
Thanks: 5,143 given, 11,242 received



wwwingman View Post
Thank you josh.

I need the levels to continue updating on all charts when I change them on one of the charts... I suppose a simple copy will not be enough. This is why I use user variables in IRT/MD and suppose I will need something like the spreadsheets in SC.
Am I wrong?

W.

"Copy" is really the wrong word for SC to use, because the drawings are not copied, but rather are a reflection of the drawings on the other chart. So go to chart #2's settings, and put 1 in the box mentioned above. Now go to chart #1, draw a line, and it will appear on chart #2. Change the line in chart #1 (you can't change it in chart #2), and it will change in #2.

Reply With Quote
The following user says Thank You to josh for this post:

Reply



futures io > > > Why move from MD to SC ?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
[SC] DOM on Chart Nicolas11 The Elite Circle 29 May 31st, 2016 04:45 PM
LineNumber / sc.LineExists(), ... funk101 Sierra Chart Programming 2 June 25th, 2012 10:12 AM
Ex-MD in equity capital markets: 'It's a bit like insurance fraud' kbit News and Current Events 0 June 21st, 2012 09:53 PM
Webinar: X_Trader Algo Design Lab (ADL) and MD Trader Big Mike Trading Technologies 12 April 13th, 2012 01:07 PM
ALMA for IRT/MD sysot1t Investor/RT 4 October 11th, 2011 09:07 AM


All times are GMT -4. The time now is 09:50 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-12 in 0.16 seconds with 19 queries on phoenix via your IP 54.221.93.187