Sierra Chart + Forex broker? - Sierra Chart | futures io social day trading
futures io futures trading


Sierra Chart + Forex broker?
Updated: Views / Replies:3,248 / 16
Created: by mangolassi Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Sierra Chart + Forex broker?

  #1 (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

Sierra Chart + Forex broker?

Hi everyone,

I trade Forex on the daily chart, and have an account with Oanda. Unfortunately, their platform, fxTrade, is absolute garbage and I am currently using ThinkorSwim's platform with a papertrading account for my charting purposes.

I am a new trader, so I am just practicing for now with a small account. However, within this year I would like to move over to a better charting solution such as Sierra Chart (which I tried with a demo account for trading futures, and really like it). I also need a broker that allows me to work with Sierra Chart. A problem I face with using fxTrade and TOS is that TOS doesn't correctly display the bars based on Oanda's spreads.

Does anyone have any recommendations regarding forex brokers to use with Sierra Chart? I was thinking along the lines of InteractiveBrokers or FXCM, but I'm not sure what to do.

Thanks for the help and feedback.


Last edited by mangolassi; March 20th, 2015 at 03:33 PM.
Reply With Quote
 
  #2 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,214 received

I would recommend Interactive Brokers.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #3 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,697 since Oct 2009
Thanks: 3,041 given, 4,496 received



mangolassi View Post
Hi everyone,

I trade Forex on the daily chart, and have an account with Oanda. Unfortunately, their platform, fxTrade is absolute garbage and I am currently using ThinkorSwim's platform with a papertrading account.

I am a new trader, so I am just practicing for now with a small account. However, within this year I would like to move over to a better charting solution such as Sierra Chart (which I tried with a demo account for trading futures, and really like it). I also need a broker that allows me to work with Sierra Chart. A problem I face with using fxTrade and TOS is that TOS doesn't correctly display the bars based on Oanda's spreads.

Does anyone have any recommendations regarding forex brokers to use with Sierra Chart? I was thinking along the lines of InteractiveBrokers or FXCM, but I'm not sure what to do.

Thanks for the help and feedback.

I would suggest motivewave to trade with Oanda:
MotiveWave: Stocks, Futures, Options and Forex Trading/Analysis Platform

Reply With Quote
The following user says Thank You to trendisyourfriend for this post:
 
  #4 (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


Big Mike View Post
I would recommend Interactive Brokers.

Mike

Are there any issues with delayed data from IB? I think such issues would be only relevant to people trading on much lower time frames, anyway.


trendisyourfriend View Post
I would suggest motivewave to trade with Oanda:
MotiveWave: Stocks, Futures, Options and Forex Trading/Analysis Platform

Never heard of this platform before. I think I'd like to stick with SC, and also switch to a cheaper broker than Oanda. Oanda's spreads are OK, but IB and FXCM are cheaper, especially if my goal is to gradually trade larger and larger.

Reply With Quote
 
  #5 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,214 received


mangolassi View Post
Are there any issues with delayed data from IB? I think such issues would be only relevant to people trading on much lower time frames, anyway.

Read this thread:
https://futures.io/brokers-data-feeds/22585-unfiltered-data.html

And do research in the Brokers and Data Feeds section, it has been covered countless times.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #6 (permalink)
Elite Member
Buenos Aires Argentina
 
Futures Experience: Advanced
Platform: NT, MT4, Sierra
Favorite Futures: S&P, Bonds, Crude, FX
 
Posts: 250 since Sep 2014
Thanks: 37 given, 239 received

My recommendation goes for Interactive Brokers as well. But if you're trading micros on say an account under $1k, then FXCM should be fine. I know lots of people like the datafeed with FXCM on Sierra for visualization, even if they don't actually use it to execute trades (puting their trades through different platforms and brokers, but still having the FXCM/Sierra combination feed up)

Reply With Quote
The following user says Thank You to MacroNinja for this post:
 
  #7 (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


MacroNinja View Post
My recommendation goes for Interactive Brokers as well. But if you're trading micros on say an account under $1k, then FXCM should be fine. I know lots of people like the datafeed with FXCM on Sierra for visualization, even if they don't actually use it to execute trades (puting their trades through different platforms and brokers, but still having the FXCM/Sierra combination feed up)

I think I will move to IB soon, when I am ready to open a larger account. My goal right now is to turn my $400 into $800. Then I will open a larger account with IB and use Sierra Chart for my charting and execution.

Thanks for the help!

Reply With Quote
The following user says Thank You to mangolassi for this post:
 
  #8 (permalink)
Trading Apprentice
Olomouc
 
Futures Experience: Intermediate
Platform: Sierra Chart
Favorite Futures: NQ, YM, ES
 
Posts: 10 since Nov 2013
Thanks: 2 given, 1 received

IB or FXCM

Reply With Quote
 
  #9 (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


trendisyourfriend View Post
I would suggest motivewave to trade with Oanda:
MotiveWave: Stocks, Futures, Options and Forex Trading/Analysis Platform

Hi,

Just wanted to let you know I'm trying out MotiveWave (14 day free trial, with my live account).

Thanks for letting me know about this platform. I did some thinking, and realized that this probably has all I need... and it's just a one time payment of $295 for their lifetime license for the Trade Edition. Plus, I can connect to FXCM/IB later on when I make the broker switch. It pays for itself within 1 year when you compare it to monthly payments for Sierra, depending on what package you get.

The one drawback is that only the first year of support/updates are included with a lifetime license purchase. After that, it's $79 per year (for the Trade Edition). That's not too bad, though... averages out to less than $$6.60 per month, which is a great price, I think.

Reply With Quote
The following user says Thank You to mangolassi for this post:
 
  #10 (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


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.

Reply With Quote

Reply



futures io > > > > Sierra Chart + Forex broker?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Sierra Chart TPO chart + composite volume profile Big Mike Sierra Chart 10 August 2nd, 2016 09:15 AM
USA Forex broker with Sierra Chart klutzy Reviews of Brokers and Data Feeds 2 September 9th, 2014 03:41 AM
Best broker to use with Sierra Chart ? Salsem Elliott Waves Reviews of Brokers and Data Feeds 4 October 12th, 2013 03:52 PM
How to disable top most status line of chart in Sierra Chart Big Mike Sierra Chart 9 April 16th, 2013 07:07 PM
Sierra Chart and EUREX - Broker syd430 Sierra Chart 10 September 17th, 2011 05:54 PM


All times are GMT -4. The time now is 08:28 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-10 in 0.12 seconds with 19 queries on phoenix via your IP 54.83.122.227