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Swing trading
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Swing trading

  #1 (permalink)
 Vendor: diversifyportfolio.com 
PTA, Gauteng
 
Futures Experience: Advanced
Platform: Self built + Sierra + TWS
Favorite Futures: Stocks and Options
 
DarkPoolTrading's Avatar
 
Posts: 1,036 since May 2012
Thanks: 1,244 given, 1,304 received

Swing trading

Hi all,

Im currently investigating re-adding multi day swing trading to my repertoire. From a swing trading perspective my only experience has been South African stocks and related trading platforms, brokers etc. Now with me looking into swing trading US equities im starting from scratch.

I use Sierra for intraday futures trading and am extremely happy with it. It seems as though Sierra supports stocks trading. Does anyone here use Sierra for swing trading stocks? What are your thoughts? Happy?

Does anyone have any experience using Sierra for both intraday futures plus swing trading stocks? I presume you would install a separate instance of Sierra for each if using a different broker/data.

So far im leaning towards using TD Ameritrade. Any Sierra users with them? What is there data quality like? I use volume profile extensively and even though this will be for swing trading, im still interested in existing customers thoughts on their data.

The only other platform that i've looked at so far for swing trading is ThinkOrSwim. I've read that the TOS volume profile capabilities are quite basic, which seems to be the case now that im playing around with it. I can't figure out if it's even possible to draw a custom profile for a specified date (or bar) range. But ill carry on playing around with it and give it a fair chance. It seems to be quite popular so I presume there's a reason.

thanks.

Diversification is the only free lunch
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  #2 (permalink)
Elite Member
Phoenix AZ USA
 
Futures Experience: Advanced
Platform: SierraChart
Broker/Data: TradePro/TransAct
Favorite Futures: NQ YM RTY
 
Posts: 295 since Nov 2009
Thanks: 125 given, 338 received


Quoting 
Does anyone have any experience using Sierra for both intraday futures plus swing trading stocks? I presume you would install a separate instance of Sierra for each if using a different broker/data.

I have a futures account and an equities account. Separate instances are needed.


Quoting 
So far im leaning towards using TD Ameritrade. Any Sierra users with them? What is there data quality like? I use volume profile extensively and even though this will be for swing trading, im still interested in existing customers thoughts on their data.

I have a TDA equities account. Their equities data is fair. There are occasional spurious price spikes.
Realtime data is tick data; historical data is minute data. You will need to stay connected to collect tick data.

With a TDA account for execution, I would recommend using Sierra's new equities data feed for data, said to be available by EOM May 2014.

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  #3 (permalink)
 Vendor: diversifyportfolio.com 
PTA, Gauteng
 
Futures Experience: Advanced
Platform: Self built + Sierra + TWS
Favorite Futures: Stocks and Options
 
DarkPoolTrading's Avatar
 
Posts: 1,036 since May 2012
Thanks: 1,244 given, 1,304 received



tomgilb View Post
I have a futures account and an equities account. Separate instances are needed.



I have a TDA equities account. Their equities data is fair. There are occasional spurious price spikes.
Realtime data is tick data; historical data is minute data. You will need to stay connected to collect tick data.

With a TDA account for execution, I would recommend using Sierra's new equities data feed for data, said to be available by EOM May 2014.

Thanks for the info,

Pitty about the historical data being minute data, but seeing as this will be for swing trading it's really not an issue.

Diversification is the only free lunch
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  #4 (permalink)
 Vendor: diversifyportfolio.com 
PTA, Gauteng
 
Futures Experience: Advanced
Platform: Self built + Sierra + TWS
Favorite Futures: Stocks and Options
 
DarkPoolTrading's Avatar
 
Posts: 1,036 since May 2012
Thanks: 1,244 given, 1,304 received

@tomgilb, one last question. Do you know if TD Ameritrade offers a trial of their services for existing Sierra customers?

(I have emailed them about this, but they don't seem to understand my question. They seem to think I want to open a futures trading account with them. All I want is to demo their data feed to see how it all works with Sierra before I open a live account with them. I've mailed them again to try and explain my question)

thanks

Diversification is the only free lunch
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  #5 (permalink)
Elite Member
Luxembourg
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: IB / Kinetick
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If you are swing trading stocks (or others) for several days, you would be basically looking at the daily, weekly and monthly charts with end of day data... or at least that's how I used to do it 5 years ago, and still do today

For that purpose, all you need in my opinion is a free ninjatrader 7 license (can't place orders from within the platform) and its free EOD kinetick connection.

You would read and analyze your charts after market closure, determine your levels: entry/exit/stop and position size; then log on to your broker platform and input these limit orders as GTC OCO no matter who your broker is.

Consequently, you would only need to check your charts at the end of each day to validate your levels, perhaps update your stops or targets, etc... and then you log in again to your broker platform and update those orders, close position, or whatever.

This is just another idea if you don't manage to sort it out with your current platform/broker, etc...

Good luck
Fadi

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


DarkPoolTrading View Post
@tomgilb, one last question. Do you know if TD Ameritrade offers a trial of their services for existing Sierra customers?

(I have emailed them about this, but they don't seem to understand my question. They seem to think I want to open a futures trading account with them. All I want is to demo their data feed to see how it all works with Sierra before I open a live account with them. I've mailed them again to try and explain my question)

thanks

The TDA website no longer mentions that Sierra Chart is a platform choice for their equities data and execution. (SC does not support their TOS futures data). I would guess many at TDA don't even know that an equities API exists. Years ago when I opened my account, it had to be funded to see data, so I doubt you'll get a free trial now.

In the past, I have contacted them at api@tdameritrade.com but not recently.


Last edited by tomgilb; May 12th, 2014 at 11:47 AM.
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  #7 (permalink)
 Vendor: diversifyportfolio.com 
PTA, Gauteng
 
Futures Experience: Advanced
Platform: Self built + Sierra + TWS
Favorite Futures: Stocks and Options
 
DarkPoolTrading's Avatar
 
Posts: 1,036 since May 2012
Thanks: 1,244 given, 1,304 received


tomgilb View Post
The TDA website no longer mentions that Sierra Chart is a platform choice for their equities data and execution. (SC does not support their TOS futures data). I would guess many at TDA don't even know that an equities API exists. Years ago when I opened my account, it had to be funded to see data, so I doubt you'll get a free trial now.

In the past, I have contacted them at api@tdameritrade.com but not recently.

Thanks @tomgilb, i've tried to be as clear as possible in my emails to them, but they still seem to have no idea what im talking about. So you seem to be right that most at TDA don't seem to even know that an equities API exists. They just keep telling me to try the ThinkOrSwim demo (which im doing,...and am not very impressed).

Would have been nice to actually see Sierra up and running with equities data before opening a live account, but it doesn't look like that's going to be possible. I'll email the api address with a couple questions, and will then likely open a live account with them.

thanks again.

Diversification is the only free lunch
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  #8 (permalink)
Elite Member
Phoenix AZ USA
 
Futures Experience: Advanced
Platform: SierraChart
Broker/Data: TradePro/TransAct
Favorite Futures: NQ YM RTY
 
Posts: 295 since Nov 2009
Thanks: 125 given, 338 received


DarkPoolTrading View Post
Thanks @tomgilb, i've tried to be as clear as possible in my emails to them, but they still seem to have no idea what im talking about. So you seem to be right that most at TDA don't seem to even know that an equities API exists. They just keep telling me to try the ThinkOrSwim demo (which im doing,...and am not very impressed).

Would have been nice to actually see Sierra up and running with equities data before opening a live account, but it doesn't look like that's going to be possible. I'll email the api address with a couple questions, and will then likely open a live account with them.

thanks again.

If my memory serves me, TDA removed the reference to Sierra Chart on their website after they bought TOS. It would not surprise me if their business plan is to discontinue their API for Sierra Chart after attrition reduces its use to a non-profitable level.

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  #9 (permalink)
 Vendor: diversifyportfolio.com 
PTA, Gauteng
 
Futures Experience: Advanced
Platform: Self built + Sierra + TWS
Favorite Futures: Stocks and Options
 
DarkPoolTrading's Avatar
 
Posts: 1,036 since May 2012
Thanks: 1,244 given, 1,304 received


tomgilb View Post
If my memory serves me, TDA removed the reference to Sierra Chart on their website after they bought TOS. It would not surprise me if their business plan is to discontinue their API for Sierra Chart after attrition reduces its use to a non-profitable level.

Good point, and certainly sounds possible. Unfortunately there doesn't seem to be much else available in terms of trading stocks with Sierra. The 2 contenders seem to be TDA or IB, but ill keep investigating.

Diversification is the only free lunch
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