And what about SierraChart - Sierra Chart | futures io social day trading
futures io futures trading


And what about SierraChart
Updated: Views / Replies:71,342 / 466
Created: by lolu Attachments:83

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

Closed Thread
 83  
 
Thread Tools Search this Thread
 

And what about SierraChart

  #441 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,352 given, 83,232 received

Yes, SC is free from Optimus or Velocity.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

 
  #442 (permalink)
Go Bears!
Bay Area, CA - US
 
Futures Experience: Beginner
Platform: TOS, TS & MC
Broker/Data: TDA & TS
Favorite Futures: Stock, Options and now Futures (ES)
 
TonyB's Avatar
 
Posts: 514 since Dec 2010
Thanks: 227 given, 134 received


MetalTrade View Post
Hello,You can go with a lower cost broker and then it's much cheaper to pay for your own $18 a month for sierracharts.

You have to calculate for yourself to see after how many trades it becomes cheaper for you to pay the monthly $18 sierracharts cost.

I'm seeing this reality in quite a few things actually. Save here to pay there, so I understand. I appreciate you bringing this to my attention. It seems that I'd want the $26 SC package though, #3 I believe it is...

Big Mike, thanks for the confirmation. I've had a tab open for each of these brokers - Velocity and Optimus, trying to figure-out which is "best" for me, and will continue that analysis. Velocity provides it's commissions info, while I cannot find the same for Optimus. RT for the ES is $3.62, and that includes data...

I believe Optimus uses Rithmic and Velocity, TT; at least that is what someone shared earlier. I had read on the SC forum some issues with Rithmic, so maybe I should lean toward Velocity for SC.

Speaking of data, SC accepts the feed from TDA. I've read nothing about this data, maybe for good reason, but does anyone have input on TDA data, particularly for SC?

 
  #443 (permalink)
Elite Member
Phoenix AZ USA
 
Futures Experience: Advanced
Platform: SierraChart
Broker/Data: TradePro/TransAct
Favorite Futures: NQ YM RTY
 
Posts: 296 since Nov 2009
Thanks: 125 given, 338 received



TonyB View Post
I made it through all 44 pages and now find myself willing to invest the time on SC, so thank you.

To confirm, brokers Optimus and Velocity offer or include SC at no charge? I'm currently looking for a futures broker to begin this new stage, and would like to minimize my costs during this learning curve. Are there other brokers who provide SC, ideally ones who handle other instruments, besides futures?

I don't recall backtesting being mentioned much in this discussion. Does it not work well, or have short-comings?

Velocity offers Sierra package 3 for free, a $26/mo value. One thing that sets Velocity apart is the client portal on their website that gives you access to balances, funds transfer, account settings, and trading stats. Their TT data is as good as Zenfire and commissions are lower, too. They only offer futures trading, however.

Sierra has backtesting capabilities. Here's a link to their documentation:
Sierra Chart - Replaying Charts

 
  #444 (permalink)
Elite Member
Phoenix AZ USA
 
Futures Experience: Advanced
Platform: SierraChart
Broker/Data: TradePro/TransAct
Favorite Futures: NQ YM RTY
 
Posts: 296 since Nov 2009
Thanks: 125 given, 338 received


TonyB View Post
I'm seeing this reality in quite a few things actually. Save here to pay there, so I understand. I appreciate you bringing this to my attention. It seems that I'd want the $26 SC package though, #3 I believe it is...

Big Mike, thanks for the confirmation. I've had a tab open for each of these brokers - Velocity and Optimus, trying to figure-out which is "best" for me, and will continue that analysis. Velocity provides it's commissions info, while I cannot find the same for Optimus. RT for the ES is $3.62, and that includes data...

I believe Optimus uses Rithmic and Velocity, TT; at least that is what someone shared earlier. I had read on the SC forum some issues with Rithmic, so maybe I should lean toward Velocity for SC.

Speaking of data, SC accepts the feed from TDA. I've read nothing about this data, maybe for good reason, but does anyone have input on TDA data, particularly for SC?

I also have a TDAmeritrade account that I access via Sierra. The data seems reliable. I don't trade intraday with it, however, so I don't watch it continually.

TDA now owns Think Or Swim, but you cannot get TOS data in Sierra, if you're thinking of trading futures with them.

 
  #445 (permalink)
Elite Member
Madison, WI
 
Futures Experience: Advanced
Platform: Sierra Charts, ALT
Favorite Futures: ES
 
aslan's Avatar
 
Posts: 614 since Jan 2010
Thanks: 342 given, 1,077 received


TonyB View Post
I believe Optimus uses Rithmic and Velocity, TT; at least that is what someone shared earlier. I had read on the SC forum some issues with Rithmic, so maybe I should lean toward Velocity for SC.

Rithmic on SC via Optimus is rock solid. There were a couple of issues when they first implemented the API, but SC/Optimus are great to work with.

 
  #446 (permalink)
Go Bears!
Bay Area, CA - US
 
Futures Experience: Beginner
Platform: TOS, TS & MC
Broker/Data: TDA & TS
Favorite Futures: Stock, Options and now Futures (ES)
 
TonyB's Avatar
 
Posts: 514 since Dec 2010
Thanks: 227 given, 134 received

aslan, that's great to hear, thank you. To be honest, I was really hoping for a broker that does more than just futures, like MBT as an example, but just don't see it happening... I guess just another broker for stock, options and FOREX.

tomgilb, I appreciate your input. I had a ToS paper account prior to TDA acquiring them, so I was happy about that. I just recently got futures and FOREX account through TDA, which was actually TOS, so good to know I won't get that data. All the more reason to get another broker...

So, between Optimus and Velocity... It would seem it's Rithmic from Optimus vs Velocity's client portal, being the key differentiators between the two?

If I recall correctly, if I were to get SC free via one of these, I will not have the choice to connect to another broker, correct? If true, then I won't be able to trade stocks and options through SC, and that would a deal breaker for me. I would probably still get SC, just source it directly myself, or try find another broker who offers it, but that also does more than futures. There seems to be none though...

Thanks for the link to the backtesting documentation. If you have been using it, have you been happy with the results?

 
  #447 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,352 given, 83,232 received


TonyB View Post
If I recall correctly, if I were to get SC free via one of these, I will not have the choice to connect to another broker, correct?

Correct.


Quoting 
I would probably still get SC, just source it directly myself, or try find another broker who offers it, but that also does more than futures. There seems to be none though...

Yes. IB does futures and equities. But instead of looking for this, I'd recommend two separate brokers.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

 
  #448 (permalink)
Go Bears!
Bay Area, CA - US
 
Futures Experience: Beginner
Platform: TOS, TS & MC
Broker/Data: TDA & TS
Favorite Futures: Stock, Options and now Futures (ES)
 
TonyB's Avatar
 
Posts: 514 since Dec 2010
Thanks: 227 given, 134 received


MetalTrade View Post
Hello,You can go with a lower cost broker and then it's much cheaper to pay for your own $18 a month for sierracharts.

You have to calculate for yourself to see after how many trades it becomes cheaper for you to pay the monthly $18 sierracharts cost.

Mike, being respectful of the topic, might you be able to briefly explain your reasoning for seeking-out another broker, even though IB handles it all?

More back on topic... I never realized it, but SC does not handle options, on stock or futures. If wrong, please correct me. It's my understanding that MC does. I actually like ToS quite a bit for options, but it was my hope to have the platform handle all instruments of interest. While I can accept not having one broker do it all, I'd much rather prefer not compromise that thinking with respect to the platform. Geez, this is not easy...

 
  #449 (permalink)
Elite Member
Italy (IT)
 
Futures Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker/Data: Rithmic
Favorite Futures: CL, Brent, GC, TF
 
LukeGeniol's Avatar
 
Posts: 1,501 since Apr 2010
Thanks: 408 given, 974 received


TonyB View Post
Mike, being respectful of the topic, might you be able to briefly explain your reasoning for seeking-out another broker, even though IB handles it all?

More back on topic... I never realized it, but SC does not handle options, on stock or futures. If wrong, please correct me. It's my understanding that MC does. I actually like ToS quite a bit for options, but it was my hope to have the platform handle all instruments of interest. While I can accept not having one broker do it all, I'd much rather prefer not compromise that thinking with respect to the platform. Geez, this is not easy...

Give a look here:
Does sierra do options? - Sierra Chart.

Take your Pips, go out and Live.
Luke.
The following user says Thank You to LukeGeniol for this post:
 
  #450 (permalink)
Go Bears!
Bay Area, CA - US
 
Futures Experience: Beginner
Platform: TOS, TS & MC
Broker/Data: TDA & TS
Favorite Futures: Stock, Options and now Futures (ES)
 
TonyB's Avatar
 
Posts: 514 since Dec 2010
Thanks: 227 given, 134 received


LukeGeniol, that is helpful, thank you. If you use SC to trade options (via TDA), please do share your experiences.

This seems to be another reason to keep TDA... I'm guessing no complex order entry would be possible though, but I clearly need to get this started. If I can make SC work for my options trading, I'd be quite happy.

I'm surprised TDA has not purchased SC yet. Sort of hope they don't...


Closed Thread



futures io > > > > And what about SierraChart

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Anybody can convert this indicator from NT7 to SierraChart (MACDVOL) redpilot Sierra Chart Programming 3 February 25th, 2011 08:47 PM
Conversion of a NinjaTrader Strategy to SierraChart hanssmith Sierra Chart Programming 2 November 20th, 2010 01:14 AM


All times are GMT -4. The time now is 03:15 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 2017-12-14 in 0.17 seconds with 20 queries on phoenix via your IP 54.145.16.43