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Sierra Chart + Forex broker?
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Created: by mangolassi Attachments:0

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Sierra Chart + Forex broker?

  #11 (permalink)
Trading Apprentice
Leiria, Portugal
 
Futures Experience: Intermediate
Platform: Sierrachart
Favorite Futures: NQ, DX and TF
 
idude's Avatar
 
Posts: 21 since Jun 2013
Thanks: 6 given, 8 received


mangolassi View Post
I'm not very happy anymore with Oanda + MotiveWave. Oanda's API doesn't give MotiveWave the flexibility to display 5 daily bars per week... as absurd as that sounds, I confirmed with MotiveWave support that the API only allows them to use 6 daily bars per week. They also confirmed that IB and FXCM do not have that problem; their API allows them to use 5 daily bars per week. Also, no phone support - only email. I find that a bit worrisome.

I think I will stick with Oanda Fxtrade and TOS for now, and move to IB + Sierra Chart later on.

Oanda does have a 5 candle week server for the MT4 platform, just called them and ask them to change your account from fxtrade to mt4. The server is called OANDA-GMT+2 Live.

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  #12 (permalink)
Elite Member
Louisville, Kentucky
 
Futures Experience: Intermediate
Platform: Sierra Chart, IRT
Broker/Data: Various
Favorite Futures: Futures
 
empty's Avatar
 
Posts: 92 since Oct 2012
Thanks: 1,906 given, 177 received

Virtual Dealer Plug-In


idude View Post
Oanda does have a 5 candle week server for the MT4 platform, just called them and ask them to change your account from fxtrade to mt4. The server is called OANDA-GMT+2 Live.

I'd suggest at least some research on MetaQuotes' Virtual Dealer Plug-In before using that platform to actually execute off of.

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  #13 (permalink)
Trading for Fun
Boston, MA
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Interactive Brokers, AMP/CQG
Favorite Futures: N225M (Osaka), ES
 
Posts: 165 since Dec 2014
Thanks: 60 given, 112 received



idude View Post
Oanda does have a 5 candle week server for the MT4 platform, just called them and ask them to change your account from fxtrade to mt4. The server is called OANDA-GMT+2 Live.


Sure, but MT4 is complete crap. I don't even know how people can use it.

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  #14 (permalink)
Trading Apprentice
Leiria, Portugal
 
Futures Experience: Intermediate
Platform: Sierrachart
Favorite Futures: NQ, DX and TF
 
idude's Avatar
 
Posts: 21 since Jun 2013
Thanks: 6 given, 8 received


mangolassi View Post
Sure, but MT4 is complete crap. I don't even know how people can use it.

It is indeed, but if you trade using the higher time frames it will do the job, I wouldn't use it for intra-day trading.

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  #15 (permalink)
Trading for Fun
Boston, MA
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Interactive Brokers, AMP/CQG
Favorite Futures: N225M (Osaka), ES
 
Posts: 165 since Dec 2014
Thanks: 60 given, 112 received


idude View Post
It is indeed, but if you trade using the higher time frames it will do the job, I wouldn't use it for intra-day trading.

True.

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  #16 (permalink)
Trading Apprentice
Leiria, Portugal
 
Futures Experience: Intermediate
Platform: Sierrachart
Favorite Futures: NQ, DX and TF
 
idude's Avatar
 
Posts: 21 since Jun 2013
Thanks: 6 given, 8 received


empty View Post
I'd suggest at least some research on MetaQuotes' Virtual Dealer Plug-In before using that platform to actually execute off of.

Perhaps it's best to stay away from shady brokers, whatever a broker can achieve with VDP is also achievable with special hidden software on their servers if they want to, I seriously doubt that any reputable forex broker would engage in such behavior and putting their great reputation into question but I do agree that MT4 is just not a very good platform.

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  #17 (permalink)
Elite Member
Louisville, Kentucky
 
Futures Experience: Intermediate
Platform: Sierra Chart, IRT
Broker/Data: Various
Favorite Futures: Futures
 
empty's Avatar
 
Posts: 92 since Oct 2012
Thanks: 1,906 given, 177 received

Good Point


idude View Post
Perhaps it's best to stay away from shady brokers, whatever a broker can achieve with VDP is also achievable with special hidden software on their servers if they want to, I seriously doubt that any reputable forex broker would engage in such behavior and putting their great reputation into question but I do agree that MT4 is just not a very good platform.

That's a good / fair point you make.

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