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And what about SierraChart


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And what about SierraChart

  #441 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,399 since Jun 2009
Thanks Given: 33,173
Thanks Received: 101,539

Yes, SC is free from Optimus or Velocity.

Mike

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  #442 (permalink)
 
TonyB's Avatar
 TonyB 
Bay Area, CA - US
 
Experience: Beginner
Platform: TOS, TS & MC
Broker: TDA & TS
Trading: Stock, Options and now Futures (ES)
Posts: 516 since Dec 2010
Thanks Given: 227
Thanks Received: 140


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)
 Sawtooth 
Prescott AZ USA
 
Experience: Advanced
Platform: SierraChart
Broker: Stage5, FCM:Dorman, Data:Denali, Routing:Teton
Trading: YM ES NQ
Posts: 474 since Nov 2009
Thanks Given: 219
Thanks Received: 603



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)
 Sawtooth 
Prescott AZ USA
 
Experience: Advanced
Platform: SierraChart
Broker: Stage5, FCM:Dorman, Data:Denali, Routing:Teton
Trading: YM ES NQ
Posts: 474 since Nov 2009
Thanks Given: 219
Thanks Received: 603


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)
 
aslan's Avatar
 aslan 
Madison, WI
 
Experience: Advanced
Platform: ALT
Trading: ES
Posts: 625 since Jan 2010
Thanks Given: 356
Thanks Received: 1,127


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)
 
TonyB's Avatar
 TonyB 
Bay Area, CA - US
 
Experience: Beginner
Platform: TOS, TS & MC
Broker: TDA & TS
Trading: Stock, Options and now Futures (ES)
Posts: 516 since Dec 2010
Thanks Given: 227
Thanks Received: 140

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)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,399 since Jun 2009
Thanks Given: 33,173
Thanks Received: 101,539


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

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  #448 (permalink)
 
TonyB's Avatar
 TonyB 
Bay Area, CA - US
 
Experience: Beginner
Platform: TOS, TS & MC
Broker: TDA & TS
Trading: Stock, Options and now Futures (ES)
Posts: 516 since Dec 2010
Thanks Given: 227
Thanks Received: 140


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)
 
LukeGeniol's Avatar
 LukeGeniol 
Italy (IT) Italy
 
Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker: Rithmic
Trading: CL, Brent, GC, TF
Frequency: Daily
Duration: Minutes
Posts: 1,499 since Apr 2010
Thanks Given: 408
Thanks Received: 985


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.
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  #450 (permalink)
 
TonyB's Avatar
 TonyB 
Bay Area, CA - US
 
Experience: Beginner
Platform: TOS, TS & MC
Broker: TDA & TS
Trading: Stock, Options and now Futures (ES)
Posts: 516 since Dec 2010
Thanks Given: 227
Thanks Received: 140


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...


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