Sierra and CTS new combo - futures io
futures io futures trading



Sierra and CTS new combo


Discussion in Sierra Chart

Updated
      Top Posters
    1. looks_one mattz with 4 posts (5 thanks)
    2. looks_two traderumr with 2 posts (0 thanks)
    3. looks_3 steve2222 with 1 posts (2 thanks)
    4. looks_4 SierraChart with 1 posts (7 thanks)
      Best Posters
    1. looks_one Japhro with 8 thanks per post
    2. looks_two SierraChart with 7 thanks per post
    3. looks_3 SimonC with 3 thanks per post
    4. looks_4 mattz with 1.3 thanks per post
    1. trending_up 4,271 views
    2. thumb_up 27 thanks given
    3. group 14 followers
    1. forum 13 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

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

 
Search this Thread
 

Sierra and CTS new combo

(login for full post details)
  #1 (permalink)
Canada
 
Experience: Advanced
Platform: Sierra, Jigsaw
Broker: AMP/Rithmic
Trading: NQ, ES, ES Options, VX, MNQ, MES
 
Posts: 213 since Aug 2013
Thanks: 33 given, 193 received

I am a fairly long term user of Sierra Chart (4 yrs off and on?) and often I see people asking about what feeds are recommended when choosing Sierra. I have used it personally with Rithmic, CQG and CTS T4 feeds, so I wanted to comment on the new CTS T4/Sierra data feed combo that just came available.

Rithmic is a good feed, though it has some drawbacks in terms of longer term historical bid/ask data, and also native server side OCO (from my recollection) was non-existent.

CQG is a fantastic feed, on CQG platforms. I have noticed that CQG feeds on third party platforms are much slower (I have tried both the web api and fix versions on Multicharts and Sierra) to the point of it being frustrating to trade the more jumpy instruments like CL and NQ on a DOM

CTS T4. This was by far the best feed I have used for Sierra so far, the only drawback has been high per side execution costs that CTS applies (50 cents per contract per side) In 2 years of using CTS with Sierra, I never once experienced any locked orders, laggy executions, unwarranted slippage issues, etc. It is a rock solid feed, and a rock solid execution side. Truly a tank

Now there is a new version, you can use Sierra Chart's data ( I believe they use Barcharts data ?) with CTS execution, with a much lower (10c per side) execution fee. This is an interesting combo, since Sierra is very proactive at solving any issues and upgrading the platform (multicharts, are you listening?) and you get the rock solid CTS execution, for a much lower price. For those doing some reasonable volume on futures, this seems like a great way to go.

Not sure of all the brokers that have this combo, but I know Optimus @mattz does, maybe there are some others too.
Anyway, just putting it out there, when I saw this was available I thought I would share my experience with CTS and Sierra, hope it helps someone. cheers - J

Started this thread Reply With Quote
The following 8 users say Thank You to Japhro for this post:

Can you help answer these questions
from other members on futures io?
Which kind of Blockvolume is visible? - order processing
Emini and Emicro Index
Automatic pattern research with NT
Elite Algorithmic NinjaTrader Trading
Reading A set of Trading Signals
EasyLanguage Programming
Cross border fund flows / fx correlations
Treasury Notes and Bonds
Where can I find Cost to Trade and Book Depth info?
Emini and Emicro Index
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Selling Options on Futures?
109 thanks
Battlestations: Show us your trading desks!
108 thanks
Rank your Futures vs Stocks trading priority
55 thanks
Want your NinjaTrader indicator created, free?
27 thanks
Whats this confusion with margins?
23 thanks
 
(login for full post details)
  #2 (permalink)
 
 
mattz's Avatar
 
Posts: 2,487 since Sep 2010
Thanks: 2,425 given, 3,751 received


Japhro View Post

Not sure of all the brokers that have this combo, but I know Optimus @mattz does, maybe there are some others too.
Anyway, just putting it out there, when I saw this was available I thought I would share my experience with CTS and Sierra, hope it helps someone. cheers - J

Thank you for the mention @Japhro, we do carry the CTS solution, and this link has been mentioned on other threads, so here it's again: https://optimusfutures.com/Platforms/SierraChart-CTS.php

I would like to add a few things to your post:
Yes, the solution is rather cheap for execution, so we transferred this cost saving to the customer to the best of our ability while attempting to cover the cost of platform and data.

This solution specifically allows the trader to receive accurate historical data supported directly by Sierra, hence making technical support much easier.

Rithmic is excellent solutions for execution. However, it does not provide Bracket Server Side OCO when you trade on Sierra directly.

If there are any other questions here, I would be more than happy to assist.

Thank you,
Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

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.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
Reply With Quote
 
(login for full post details)
  #3 (permalink)
Auckland, New Zealand
 
Experience: Beginner
Platform: Sierra Chart
Broker: AMP/CQG
Trading: Whatever moves in my timezone
 
Posts: 1,883 since Sep 2009
Thanks: 3,347 given, 1,516 received



mattz View Post
Thank you for the mention @Japhro, we do carry the CTS solution, and this link has been mentioned on other threads, so here it's again: https://optimusfutures.com/Platforms/SierraChart-CTS.php

I would like to add a few things to your post:
Yes, the solution is rather cheap for execution, so we transferred this cost saving to the customer to the best of our ability while attempting to cover the cost of platform and data.

This solution specifically allows the trader to receive accurate historical data supported directly by Sierra, hence making technical support much easier.

Rithmic and CQG are good solutions for execution. However, they do not provide Bracket Server Side OCO when you trade on Sierra directly.

If there are any other questions here, I would be more than happy to assist.

Thank you,
Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

Hi Matt

Just an aside: SC version release notes for v1483 suggest SC does now support server side bracket orders for CQG feed.
https://www.sierrachart.com/index.php?page=doc/Whats_New.php

Prediction is very difficult, especially about the future - Niels Bohr, Danish Physicist
Reply With Quote
The following 2 users say Thank You to steve2222 for this post:
 
(login for full post details)
  #4 (permalink)
 
 
mattz's Avatar
 
Posts: 2,487 since Sep 2010
Thanks: 2,425 given, 3,751 received


steve2222 View Post
Hi Matt

Just an aside: SC version release notes for v1483 suggest SC does now support server side bracket orders for CQG feed.
https://www.sierrachart.com/index.php?page=doc/Whats_New.php

Steve, thank you for the update! I made changes to my post to reflect that.

Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

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.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
Reply With Quote
The following user says Thank You to mattz for this post:
 
(login for full post details)
  #5 (permalink)
New Zealand
 
Experience: Master
Platform: Sierra Chart
Broker: Numerous
Trading: NONE
 
SierraChart's Avatar
 
Posts: 114 since Feb 2011
Thanks: 4 given, 242 received

This posting here is to clarify some facts:


Quoting 
in terms of longer term historical bid/ask data, and also native server side OCO (from my recollection) was non-existent.

In the case of Rithmic, there is long-term historical Bid Trade Volume and Ask Trade Volume provided. Just make sure you are using Sierra Chart service package 5 (Advanced).

Server-side OCO orders are also supported in more recent versions with Rithmic. Actually for some time now. Probably about two years.

Although support for managing bracket orders on the CQG server has recently been added, the most reliable and flexible implementation is always going to be with CTS using the new connection model implemented by Sierra Chart where the management is on the Sierra Chart server.

One thing that we have seen is that bracket orders do not necessarily always work as expected when they are managed by the external trading service. This kind of issue has been solved with the new connection model Sierra Chart uses to CTS:
CTS T4 Trading Platform Service - Sierra Chart

Reply With Quote
The following 7 users say Thank You to SierraChart for this post:
 
(login for full post details)
  #6 (permalink)
Concord, NH USA
 
Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Broker: Infinity
Trading: Crude CL
 
Posts: 32 since Jun 2012
Thanks: 47 given, 25 received


SierraChart View Post
This posting here is to clarify some facts:







In the case of Rithmic, there is long-term historical Bid Trade Volume and Ask Trade Volume provided. Just make sure you are using Sierra Chart service package 5 (Advanced).



Server-side OCO orders are also supported in more recent versions with Rithmic. Actually for some time now. Probably about two years.



Although support for managing bracket orders on the CQG server has recently been added, the most reliable and flexible implementation is always going to be with CTS using the new connection model implemented by Sierra Chart where the management is on the Sierra Chart server.



One thing that we have seen is that bracket orders do not necessarily always work as expected when they are managed by the external trading service. This kind of issue has been solved with the new connection model Sierra Chart uses to CTS:

CTS T4 Trading Platform Service - Sierra Chart



Does anyone know the amount of internet bandwidth required by the various data feeds for the realtime downloads?


Sent from my iPhone using futures.io

Reply With Quote
 
(login for full post details)
  #7 (permalink)
Minneapolis
 
Experience: Beginner
Platform: NinjaTrader
Broker: TBD
Trading: ES
 
Posts: 27 since Jul 2009
Thanks: 2 given, 11 received

Now that this has been out awhile is anyone using this new integration for live trading and has it been trouble free? I like the sound of this but wondered about the added complexity of the Sierra Chart Server talking to the CTS Order Routing Server. I work in IT and have seen the he said she said thing happen when there are issues and it can take longer to resolve when multiple parties are involved.

What if there were issues can the broker still see the orders and get you out of a trade if needed?

Thanks

Reply With Quote
 
(login for full post details)
  #8 (permalink)
 
 
mattz's Avatar
 
Posts: 2,487 since Sep 2010
Thanks: 2,425 given, 3,751 received


trumpy View Post
Now that this has been out awhile is anyone using this new integration for live trading and has it been trouble free? I like the sound of this but wondered about the added complexity of the Sierra Chart Server talking to the CTS Order Routing Server. I work in IT and have seen the he said she said thing happen when there are issues and it can take longer to resolve when multiple parties are involved.

What if there were issues can the broker still see the orders and get you out of a trade if needed?

Thanks

This integration was done by Sierra. In fact, to the best of my understanding, it is the only Bracket Server Side OCO that Sierra took care of the implementation. I would encourage you to ask them directly as well.
In the event that you need support, we can assist in execution with the appropriate FCM.

Thank you,
Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

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.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
Reply With Quote
The following user says Thank You to mattz for this post:
 
(login for full post details)
  #9 (permalink)
Harrisburg, PA
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Stage5/CQG
Trading: Futures
 
pedalon's Avatar
 
Posts: 23 since Apr 2013
Thanks: 102 given, 38 received

I'd like to wake this thread back up to see if anyone is using the new advanced and lower-cost connection model to CTS T4 with the Sierra data. If you are, how is the stability of the SC data and order management server? I require server side bracket OCO orders, but not sure how I feel about them being held on the SC servers compared to CTS servers. How is the SC data speed when it comes to higher volatility events. And does this new connection model include a mobile platform to enter and manage trades from?

Thanks!

Follow me on Twitter Reply With Quote
The following 2 users say Thank You to pedalon for this post:
 
(login for full post details)
  #10 (permalink)
Philadelphia PA/USA
 
Experience: Advanced
Platform: SierraChart
Broker: Optimus Futures
Trading: NQ YM ES FDAX CL
 
Posts: 11 since Jan 2018
Thanks: 0 given, 28 received


I'm on this combo via Matt at Optimus. There's actually a good reason why a trader might prefer to use Sierra's servers to hold the OCO/bracket orders. But until I hit five posts or more in this forum I cannot send the Sierra weblink to explain why.

Reply With Quote
The following 3 users say Thank You to SimonC for this post:
 
(login for full post details)
  #11 (permalink)
Australia
 
Experience: Master
 
Posts: 2 since Sep 2018
Thanks: 3 given, 0 received


mattz View Post
Thank you for the mention @Japhro, we do carry the CTS solution,

Hi Matt,

What are the minimum funding requirements for Sierra + CTS combo accounts?

Other than 60$ per month if round trip contract requirements are not met, are there any other account dormancy fees as well?

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #12 (permalink)
 
 
mattz's Avatar
 
Posts: 2,487 since Sep 2010
Thanks: 2,425 given, 3,751 received


traderumr View Post
Hi Matt,

What are the minimum funding requirements for Sierra + CTS combo accounts?

Other than 60$ per month if round trip contract requirements are not met, are there any other account dormancy fees as well?

Apologies for my late reply.

The Minimum is $2,500 for this combo. We do not have minimum trade requirements.
We can find FCMs who do not charge dormancy fees.

Thank you,
Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. past performance is not indicative of future results.

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.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
Reply With Quote
The following 3 users say Thank You to mattz for this post:
 
(login for full post details)
  #13 (permalink)
Australia
 
Experience: Master
 
Posts: 2 since Sep 2018
Thanks: 3 given, 0 received


mattz View Post
Apologies for my late reply.

The Minimum is $2,500 for this combo. We do not have minimum trade requirements.
We can find FCMs who do not charge dormancy fees.

Thank you,
Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. past performance is not indicative of future results.

And I reckon CME exchange fees will be on top of this?

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #14 (permalink)
Chicago IL
 
Experience: None
Broker: Optimus Futures, Rithmic
Trading: ES
 
Posts: 1 since Nov 2016
Thanks: 0 given, 0 received


mattz View Post
Apologies for my late reply.

The Minimum is $2,500 for this combo. We do not have minimum trade requirements.
We can find FCMs who do not charge dormancy fees.

Thank you,
Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. past performance is not indicative of future results.

Was the CTS Advanced and Lower-Cost Connection Model discontinued by SC for new users?

Reply With Quote


futures io Trading Community Platforms and Indicators Sierra Chart > Sierra and CTS new combo


Last Updated on February 10, 2019


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Battlestations! Show us your trading desk - $1,500 in prizes!

March
 

Importance of Finding Your Own Way w/Adam Grimes

Elite only
 

Journal Challenge w/Jigsaw

April
     



Copyright © 2021 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