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  #11 (permalink)
Rory
 
Posts: 2,743 since May 2014
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fidelcandiotti View Post
"...clear your trades through IB"?
Sorry, I don't get it what is it.
All my knowledge involve NT platform and a sim account through CQG for data.

Hello fellow S American trader Sorry, my Spanish is minimal.

Friendly suggestion, do you have at least 6 weeks of profitable trading? An unbroken 6 weeks with no mistakes corrected?

Forgive me but its a classic error to jump into a new platform without really getting familiar with it. Strange things happen and you can lose more than you expect.

You might want to check with Mattz (on the forum here) who works at Optimus if your not going with Ninjatrader, he is a good guy (approachable) for advising on whats the best combo.

(P.S. I see Tradovate being advertised.. quite honestly I've done the numbers on them and they offer nothing. 'Free' broker fees that you pay for in advance via a subscription, give me a break).

¡Buena suerte!

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  #12 (permalink)
mangolassi
Boston, MA
 
Posts: 166 since Dec 2014
Thanks Given: 61
Thanks Received: 126


fidelcandiotti View Post
"...clear your trades through IB"?
Sorry, I don't get it what is it.
All my knowledge involve NT platform and a sim account through CQG for data.

Your broker will execute your trade that you have placed through them. This is the step where they will match your order with the other side of the trade. They may also be a clearing house (which provides clearing and settlement services, the next step of what happens to the trades) or have another firm do this work for them, but in any case you don't have to worry about any of this after you have entered into the trade.

Your platform/data package in reality has nothing to do with the broker service. Of course, the broker may offer a charting platform and data service to you to make your life "simpler", but it may or may not be something ideal for you. Interactive Brokers has excellent trade execution and cheap commission, but neither their default charting platform or their data is good enough for you if you are scalping. I suggest using Sierra Chart and purchasing their data service that is described here:

Sierra Chart Real-Time and Historical Exchange Data Feed - Sierra Chart

When this is set up, you are essentially getting high quality data through Sierra Chart, and when you place trades, they are being sent through to IB.

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  #13 (permalink)
 
TheShrike's Avatar
 TheShrike 
Bridgeport, Ct
 
Experience: None
Broker: Tasty
Trading: Fops
Posts: 533 since Jun 2012
Thanks Given: 1,588
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fidelcandiotti View Post
"...clear your trades through IB"?
Sorry, I don't get it what is it.
All my knowledge involve NT platform and a sim account through CQG for data.

Interactive Brokers would be your broker, but you would use Sierra chart for data and charting is what he was suggesting. Sierra has built in data you can purchase.

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  #14 (permalink)
 
SoftSoap's Avatar
 SoftSoap 
Canada
 
Experience: Beginner
Platform: NinjaTrader
Broker: InteractiveBrokers
Trading: NQ
Posts: 594 since Aug 2015
Thanks Given: 347
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TheShrike View Post
Sierra Chart has their own data feed you can subscribe to. He was suggesting you use Sierra's charting platform and data and clear your trades through Interactive Brokers.

Is there a way to use NinjaTrader as your charting platform, clear your trade through IB, but access cheaper data from Sierra?

Yesterday's excellence is today's standard and tomorrow's mediocrity
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  #15 (permalink)
mangolassi
Boston, MA
 
Posts: 166 since Dec 2014
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SoftSoap View Post
Is there a way to use NinjaTrader as your charting platform, clear your trade through IB, but access cheaper data from Sierra?

No, I don't think so.

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  #16 (permalink)
fidelcandiotti
Bolivia
 
Posts: 8 since Sep 2016
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mangolassi View Post
Your broker will execute your trade that you have placed through them. This is the step where they will match your order with the other side of the trade. They may also be a clearing house (which provides clearing and settlement services, the next step of what happens to the trades) or have another firm do this work for them, but in any case you don't have to worry about any of this after you have entered into the trade.

Your platform/data package in reality has nothing to do with the broker service. Of course, the broker may offer a charting platform and data service to you to make your life "simpler", but it may or may not be something ideal for you. Interactive Brokers has excellent trade execution and cheap commission, but neither their default charting platform or their data is good enough for you if you are scalping. I suggest using Sierra Chart and purchasing their data service that is described here:

Sierra Chart Real-Time and Historical Exchange Data Feed - Sierra Chart

When this is set up, you are essentially getting high quality data through Sierra Chart, and when you place trades, they are being sent through to IB.

Ok.

Weel I have installed Sierra Chart and opened a trial account.
I connect to data feed (SC Data - All Services) as the tutorial says. But when I open a new chart, is not updating data (as NT), just download historical data when connect. I would like configure Sierra, at least, as NT runs (a new Chart is receiving data automatically).

thanks for sharing your knowledge

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  #17 (permalink)
mangolassi
Boston, MA
 
Posts: 166 since Dec 2014
Thanks Given: 61
Thanks Received: 126


fidelcandiotti View Post
Ok.

Weel I have installed Sierra Chart and opened a trial account.
I connect to data feed (SC Data - All Services) as the tutorial says. But when I open a new chart, is not updating data (as NT), just download historical data when connect. I would like configure Sierra, at least, as NT runs (a new Chart is receiving data automatically).

thanks for sharing your knowledge

If you have set it up the way it is described on their site, I would just ask on their support board:

https://www.sierrachart.com/supportboard/forumdisplay.php?f=94

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