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IB and sierra


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IB and sierra

  #11 (permalink)
 JohnS 
Bamberg, Germany
Market Wizard
 
Experience: Beginner
Platform: Sierra Chart
Broker: IB, SierraCharts data
Trading: MES, FDXM
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Grantx View Post
CQG and IB are incompatible.
Instrument access is managed through the user account portal of IB.
Trying to figure that out now...and research IB data reliability.

IB is a good broker. Their data is not suitable for trading (no tick data, limited historical data, filtering etc.).

IB and SC with SC data work well as I mentioned. The SC data center is in Chicago and any lag here in Germany is not really noticeable (i'm trading DAX minis so its a long round trip!). Price-wise, SC gives a discount based on how many months you pay for in advance. No contracts, no licenses to purchase, pay as you go so its convenient.

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  #12 (permalink)
 Grantx 
Reading UK
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Experience: None
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Scalpguy View Post
Could it be u have chosen Package 5 instead of 3 ?

Package 3 is free when used on CQG. I have been using this combination something about 3 years now so...

I cant find this free option on the sierra site. Youre paying for it somewhere. Perhaps a deal through Amp where they charge a higher transaction fees or something?

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  #13 (permalink)
 
Scalpguy's Avatar
 Scalpguy 
Helsinki, Finland
 
Experience: Advanced
Platform: SC and TWS
Broker: IB and AMP/CQG
Trading: ES, CL
Posts: 206 since Jul 2010
Thanks Given: 17
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Grantx View Post
I cant find this free option on the sierra site. Youre paying for it somewhere. Perhaps a deal through Amp where they charge a higher transaction fees or something?

No this is not the case.

Go to the Client portal and there is your Platform Setup where you do this.

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  #14 (permalink)
 Grantx 
Reading UK
Legendary no drama Llama
 
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Scalpguy View Post
No this is not the case.

Go to the Client portal and there is your Platform Setup where you do this.

Are you talking about the client portal on CQG? I've looked everywhere on the SC website.. cant find it.

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  #15 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
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JohnS View Post
IB is a good broker. Their data is not suitable for trading (no tick data, limited historical data, filtering etc.).

IB and SC with SC data work well as I mentioned. The SC data center is in Chicago and any lag here in Germany is not really noticeable (i'm trading DAX minis so its a long round trip!). Price-wise, SC gives a discount based on how many months you pay for in advance. No contracts, no licenses to purchase, pay as you go so its convenient.

SC added the CTS data+execution as well. I suggest that you try that with SC for execution. This made a huge difference for one of our overseas customer who is located way further from Chi or Frankfurt than you are.

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 [email protected]
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  #16 (permalink)
 
Scalpguy's Avatar
 Scalpguy 
Helsinki, Finland
 
Experience: Advanced
Platform: SC and TWS
Broker: IB and AMP/CQG
Trading: ES, CL
Posts: 206 since Jul 2010
Thanks Given: 17
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mattz View Post
SC added the CTS data+execution as well. I suggest that you try that with SC for execution. This made a huge difference for one of our overseas customer who is located way further from Chi or Frankfurt than you are.

Thank you,

Matt Z
Optimus Futures

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

Matt can you please explain more why CTS has a huge advantage?

What I know AMP does not have servers here in europe so trading packets will allways cross the atlantic OR is this a question of quotes only?

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  #17 (permalink)
 
Scalpguy's Avatar
 Scalpguy 
Helsinki, Finland
 
Experience: Advanced
Platform: SC and TWS
Broker: IB and AMP/CQG
Trading: ES, CL
Posts: 206 since Jul 2010
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Thanks Received: 166


Grantx View Post
Are you talking about the client portal on CQG? I've looked everywhere on the SC website.. cant find it.

You Setup your trading platforms in AMP's client portal. Look at their web site

Btw. Why don't you ask these questions from AMP chat ?

They have helped me very well in those rare times when help has been needed.

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  #18 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
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Scalpguy View Post
Matt can you please explain more why CTS has a huge advantage?

What I know AMP does not have servers here in europe so trading packets will allways cross the atlantic OR is this a question of quotes only?

Every data feed has its own source code for execution and latency. Also, they have a certain infrastructure that allows them to send orders at low latency. You need to test them and see which one works best for you.
I just shared our experience with one customer.

Rithmic has servers as well in Europe, and I believe you can choose that on your platforms.

The latency and execution doe snot depend on AMP, rather the technology they provide.
The data providers have their own servers. This is to the best of my knowledge.

Thanks,
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 [email protected]
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  #19 (permalink)
 
Scalpguy's Avatar
 Scalpguy 
Helsinki, Finland
 
Experience: Advanced
Platform: SC and TWS
Broker: IB and AMP/CQG
Trading: ES, CL
Posts: 206 since Jul 2010
Thanks Given: 17
Thanks Received: 166


mattz View Post
Every data feed has its own source code for execution and latency. Also, they have a certain infrastructure that allows them to send orders at low latency. You need to test them and see which one works best for you.
I just shared our experience with one customer.

Rithmic has servers as well in Europe, and I believe you can choose that on your platforms.

The latency and execution doe snot depend on AMP, rather the technology they provide.
The data providers have their own servers. This is to the best of my knowledge.

Thanks,
Matt Z
Optimus Futures

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

Ok I understand.

What I've been told AMP's risk control is centralized in Chicago with no servers elsewhere. This means there is allways a need to send packets cross atlantic.

Anyway if you can receive quotes "locally" (which I think in this situation is the case) it alone is an advantage. So it is a definitely recommended action to try CTS or Rithmic. No doubt.

Last time when I was using Rithmic I saw lot of packets going/coming to/from US while trading. I monitored the traffic by the Wireshark utility. Disclaimer: I hope there was no misconfiguration from my side

If someone could do the same with CTS the feedback/experiences would be very interesting to hear.

I fully understand that in most of the cases the impact of being the risk control in US may be quite low. I mean is it really bad thing for your realized expectancy. The answer is very much up to the trading system you run.

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  #20 (permalink)
 Grantx 
Reading UK
Legendary no drama Llama
 
Experience: None
Posts: 1,787 since Oct 2016
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Scalpguy View Post
You Setup your trading platforms in AMP's client portal. Look at their web site

Btw. Why don't you ask these questions from AMP chat ?

They have helped me very well in those rare times when help has been needed.

I dont use Amp, I have an account with IB and trying to find the best data combination. Seems like the Sierra real time data is the one to use.

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