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And what about SierraChart


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And what about SierraChart

  #81 (permalink)
 
lolu's Avatar
 lolu 
Lagos, Nigeria
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
Frequency: Daily
Duration: Hours
Posts: 2,552 since Jun 2009
Thanks Given: 1,049
Thanks Received: 1,678


chrislb View Post
I don't know about the combination, but I have used IQ with MD for the footprint charts for some time. That feed is for sure one of the best, but it adds up with two exchanges to more then 150$/month even for just the data feed.
Hope I can stay with Velocity and TT, so I have the same problem right now, with SC/TT fix adapter and no definite answer when it will be implemented.

chris,

I'm having a discussion with TT and Velocity in respect of X-Trade platform. The X-Trader platform has the X-Study charting tool. What's your views/comments on all these, considering that you've been with Velocity/TT ?

Lolu

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  #82 (permalink)
chrislb
Germany
 
Posts: 54 since Jul 2009
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lolu

I tried X_Trader with X_Study, but never really liked it, because I need the chart trading feature from NT or SC. TT implemented it, but removed it after a short time without notice. I know the pros like X_Trader because of the DOM, but I am more a "GUI" typ.
Most important X_Study is as far as I know, a black box, not much to customize not even rangebars. It is a solid platform for sure, but not for me. Check their forum, nothing happens there. X-Study hasn't improved for probably 2 years.
I will stay with SC hoping for the TT-feed. I mailed to Velocity to get in contact with SC, maybe if more people asking, they speed up the implementation of TT.

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  #83 (permalink)
 
lolu's Avatar
 lolu 
Lagos, Nigeria
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
Frequency: Daily
Duration: Hours
Posts: 2,552 since Jun 2009
Thanks Given: 1,049
Thanks Received: 1,678


Rainbow chart today March 12, 2010; still looking good to trade.

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  #84 (permalink)
 
lolu's Avatar
 lolu 
Lagos, Nigeria
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
Frequency: Daily
Duration: Hours
Posts: 2,552 since Jun 2009
Thanks Given: 1,049
Thanks Received: 1,678

My Trading panel is taking shape (see attached), ready for my trading Journal. I also have my new real Rainbow chartbook (on the left and behaving very well today); and my subscription to SierraChart has been concluded.

Lolu

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  #85 (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: 50,446 since Jun 2009
Thanks Given: 33,217
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Hi guys,

I am happy you are using Sierra Chart and I've created a new section on the forum just for Sierra Chart programmers.

Sierra Chart Programming - Big Mike's Day Trading Forum

I hope that you can help build this part of the community by contributing new threads and discussions, as well as studies/indicators.



Thanks,
Mike

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  #86 (permalink)
 
lolu's Avatar
 lolu 
Lagos, Nigeria
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
Frequency: Daily
Duration: Hours
Posts: 2,552 since Jun 2009
Thanks Given: 1,049
Thanks Received: 1,678

I just put my Trading panel to test on a 6E trade; and the result is so, so good. At bottom-left conner is my TransActAT platform for my trade executions (showing $800 profit in lime green color). My Journal is coming up. I'll also post the studies and studies collection I currently use in the new section created by Mike.

lolu

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  #87 (permalink)
 
lolu's Avatar
 lolu 
Lagos, Nigeria
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
Frequency: Daily
Duration: Hours
Posts: 2,552 since Jun 2009
Thanks Given: 1,049
Thanks Received: 1,678

This is my new look Trading panel for my up-coming Journal.

I'm now considering a Footprint/Orderflow setup (on SierraChart). The attached is a 5-minute Footprint set up with EMA 50, EMA 20 and EMA 8. These three EMAs are selected from my Rainbow setup. There are also the VWAP and VarMA studies.

The lower panel consists of Volume Breakdown, and Bid and Ask Difference studies.

I still have my Rainbow chartbook which is at the background and I can pop it up to view.

Today's SIM trade was sweet (see my TransActAT platform insert).

Lolu

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  #88 (permalink)
 
lolu's Avatar
 lolu 
Lagos, Nigeria
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
Frequency: Daily
Duration: Hours
Posts: 2,552 since Jun 2009
Thanks Given: 1,049
Thanks Received: 1,678

The Pullback on EMA 8 and the respect for Support (S1) is COOOOOOOOOOOL.

Lolu

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  #89 (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: 50,446 since Jun 2009
Thanks Given: 33,217
Thanks Received: 101,610

Please create a journal thread

Also, don't forget to post screen shots on non-trending days of the same setup and evaluate it in real time to see how it looks.

Mike

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  #90 (permalink)
smak451
New York, NY
 
Posts: 11 since Mar 2010
Thanks Given: 0
Thanks Received: 2


Hey guys -- Just joined this site, looks great, helpful & lively! Reading through this Sierra Post I'd recommend to anyone to take a quick look at the Sierra documentation setup and all their Help posts and all these questions/conflicts are answered.

A lot of professional traders disparage Sierra though I must disagree. They are very versatile, such that it may make it a bit difficult for some to config things to their specific needs. In areas of Bid/Ask vol, Mkt Profile they may not be as robust, but their Admin is very receptive and actively takes suggestions and implements them, so they are evolving rapidly to meet traders needs -- "built by traders for traders" in a very real sense. Re: the above discussions, my 2 cents would be to do research into indicators/analysis that fits your style and then stick with it -- spend a lot of screen time (a lot) and I've found it more profitable in doing so through internalizing pattern recognition that it is to jump from various indicators looking for the "grail." Sierra is an extremely functional program, and improves day by day. That's my review! Cheers.

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