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Platform: Sierra Charts, Investor RT, Ninja Trader
Broker: VanKar
Trading: NQ
Posts: 520 since Sep 2009
Thanks Given: 583
Thanks Received: 1,248
When you say they offered you package 3, does that mean it was provided at no cost? Is that because you are currently a member or do you think it would be offered to new customers also?
Papa15
Can you help answer these questions from other members on NexusFi?
I was referring to Mike's previous post that they were offering package 5.
They are offering Sierra for free to all clients. Velocity/TT/Sierra is a great combination for price, reliability, and service. Now that Sierra is included, it's even harder to beat.
Hi, this is what I got from Velocity, asking how I can change my paid SC subscription. Just changed it on the customer portal. Let's see how it works out. I like their portal and how they handle your request . Hope this helps.
Is there a minimum RTs you have to do to get SierraChart for free for package 5?
Just trying to do the same for my guys who use Rithmic.
Merry XMAS, Happy Holidays to all.
Matt
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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Sierra Chart's Worksheet System For Trading and Worksheet System/Alert are chart studies that use MS Excel compatible worksheets to build auto-trading systems and complex alerts, respectively. The purpose of this thread is to share the difficulties …
The worksheets systems of Sierra Chart provide a powerful way to build auto-trading systems and complicated alerts without C++ programming, using Excel-compatible worksheets. This is especially useful for those who already have a working knowledge of spreadsheets.
For non-programmers, it totally blows away NinjaTrader's Strategy Wizard.
A few weeks ago I downloaded SC and started learning the basics and getting it set up like I wanted. Last week, I used it in sim on Monday and then live the rest of the week. The following are my impressions and comparison to NT. I have never used MC, so my comments on that are based upon what I have read from other members. Also I am only commenting on the features I have used. I haven't used the TPO, full DOM, worksheet editor, or automation capabilities.
The good, in no particular order,
1) Greater plotting options for indicators, including the ability to color plots based upon +/-, slope, and the base graph. You can plot the name labels and value lables independently in any combination to the right, far right, left, far left, above, centered, below, or on the values scale (price axis). There are considerably more draw and line styles available. The end results is that you don't have recode canned indicators to get them to the way you want as you have to do with NT. Every system indicator that I used in NT was modified in some way, in SC I am not using a single modified system indicator.
2) Easily create alerts based upon indicators using formulas without custom programming in any combination of reset on new bar, alert only once per bar, or evaluate on bar close. Sierra Chart - Study Alerts And Scanning
3) It has a Chart DOM, which I think is awesome. After a week, I would not go back to trading without this feature.
4) Tabbed interface, but you can still detach windows from the workspace NT style if you like.
5) The replay is significantly better than NT. Similar to MC, you don't have to disconnect and reconnect to use it, and oh yeah, it hasn't crashed once.
6) SC provides historical tick backfill for most futures, so you don't have to pay for a separate data subscription if your broker does not provide it, e.g. Velocity and IB.
7) SC installs similar to the old DOS style, i.e. no changes are made to the Windows registry. What that means is that you can easily make backups by simply copying the SC directory, and you can run multiple instances with the same or differnet settings on the same computer, and you can easily synchronize different computers or migrate to a new computer by simply cutting and pasting. IMO this is a really nice feature.
8) It turns out that SC does have a built in editor to create custom indicators and modify current ones. Similar to easy lanquage, it requires a fraction of the code to accomplish the same thing as in NT. It also has a worksheet editor so some programming can be preformed in an excel type fashion. For my needs, both options seems more than adequate, but due to limited experience I can't speak to it fully just yet.
9) SC hasn't crashed once since I have been using it.
10) SC is an incredible bargain for what you get. It's a fraction of the cost of NT and MC and free if you trade through Velocity. If you trade through Veloctity, your commissions are also cheaper than using NT, and among the cheapest around.
11) It's quite a bit faster than NT. Side by side, the same charts update faster and I am not getting the "not responding" everytime I click on the data series menu, indicator menu, the input series, etc.
The bad,
1) There are actually so many options compared to NT, that learning them all and being able to find some of them a second time can't take some time. And while there is a myriad of chart settings, some of them such as bar colors and styles are persistant between charts, where they should be customizeable for each chart.
2) Hot keys are not programmable, so you will have to learn new ones. This and Item 1 have made for a steeper learning curve than NT.
3) The performance reporting is pretty weak. You can only filter by instrument, there is no custom reporting based upon ATM strategy, segregating winners from losers, etc. There is only a "Trade Activity Log" that can be filter by instrument. The reality is that NT performance reporting was completely unreliable beyond the current day due to the accumulation of errors, so running reports for extended periods was useless, but on days where there were no problems it was nice to have some quick detailed stats available during the day. For me this is the biggest weakness of SC.
4) There is only 1 sim account, this combined with item 3 make it more difficult to track multiple strategies.
5) No out of the box multi-series capabilities. It may be possible to program, but I am still not sure at this point. I know you can't load two different time frames on the same chart and drag and drop indicators from one series to plot on the second series. That said, since this feature was so poorly implemented in NT7, I never actually used it and so it isn't something that I am missing, but at the same time I would like it to be added. If you rely on this capabability though, then SC is probably not a good option for you.
6) Multi-broker/data connections are way too complicated. In NT7 you had to pay extra for a multi-broker license, which you don't have to do in SC, but the implementation was simpler in NT7. In SC you have to have multiple instances running and map to the data folders and set up primary and secondary mappings for each symbol. So while it's more flexible than NT, it's considerably more cumbersome to set up.
7) Fewer people are using it and accordingly there are fewer customizations available. I love playing with new indicators and trying to develop new strategies with them, etc., so I will have to use the free version of NT to look at the new stuff other people have programmed.
8) I don't use a full DOM in trading anymore, and I have only played with it a little bit, but I am guessing that most people would find the NT DOM superior.
It's still early, but IMO SC is better in almost every respect compared to NT, insofar as my needs for a trading platform are concerned. I still plan to look at MC7 when it comes out and it's still early, but unless problems start creeping up, I think MC will have to blow my socks off for me to consider switching and paying the considerably higher price.
