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IB and sierra
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IB and sierra

  #41 (permalink)
Market Wizard
Boca Raton
 
Trading Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
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Posts: 2,423 since Sep 2010
Thanks: 2,348 given, 3,591 received

I have done enough technical support calls, consultations, and observations to tell you that it is in your best interest to run one feed via any platform if possible. Running multiple feeds ( for example, one for historical, and one execution) can potentially affect your internet speed, hence your execution. These are very subtle differences, and not always visible, but I assure you that they do affect your data and execution. If possible, get all in one. For Sierra specifically, CTS/CQG/Rithmic provides historical data and execution.

Thank you,
Matt Z
Optimus Futures

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

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #42 (permalink)
Guesser
Reading UK
 
Trading Experience: None
Platform: Custom
Broker/Data: Interactive Brokers
Favorite Futures: My 3 boys
 
Grantx's Avatar
 
Posts: 1,631 since Oct 2016
Thanks: 2,264 given, 4,297 received


rassi View Post
Please keep us updated on the IB / sierra as I'm looking at this as a possible solution when the time comes.

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Im just waiting for my funds to clear then Ill be placing my 1st live trade through IB. My opinion so far:

Sierra Chart: Best software Iíve used. Stable and lightning quick. It has everything you need. I pay $15 a month for the basic version as I donít need any of the advanced features. Can be a hassle to configure and learn at first but its worth it.

Data: Sierra real time data. Seems legit. Watching NFP on Friday and it was fine. All in cost is $44/month and I get access to the full CME group as well as Eurex. I dont use level2 data anymore so it will cost more if you require that.

Interactive Brokers: So far I am happy. The online account management facilities are excellent. Support is also excellent. Its a bit of a process to get an account but you just gotta jump through the hoops. I do like the double authentication method. You cannot log into your account without first verifying it on your phone (which also requires a numeric password). So its pretty darn secure. Round trip fees are competitive.

In order to log into Sierra with your IB credentials you first need to be logged into IB Gateway (thanks @Scalpguy for recommending it). IB Gateway also requires authentication from your phone before connecting. The entire process of logging in takes about 30 seconds and then youíre good until you decide to log out.

All in all I would recommend this setup.

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  #43 (permalink)
the congo
 
Trading Experience: Advanced
Platform: North sea oil rig
Favorite Futures: Cl
 
rassi's Avatar
 
Posts: 916 since Jun 2009
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Grantx View Post
Im just waiting for my funds to clear then Ill be placing my 1st live trade through IB. My opinion so far:



Sierra Chart: Best software Iíve used. Stable and lightning quick. It has everything you need. I pay $15 a month for the basic version as I donít need any of the advanced features. Can be a hassle to configure and learn at first but its worth it.



Data: Sierra real time data. Seems legit. Watching NFP on Friday and it was fine. All in cost is $44/month and I get access to the full CME group as well as Eurex. I dont use level2 data anymore so it will cost more if you require that.



Interactive Brokers: So far I am happy. The online account management facilities are excellent. Support is also excellent. Its a bit of a process to get an account but you just gotta jump through the hoops. I do like the double authentication method. You cannot log into your account without first verifying it on your phone (which also requires a numeric password). So its pretty darn secure. Round trip fees are competitive.



In order to log into Sierra with your IB credentials you first need to be logged into IB Gateway (thanks @Scalpguy for recommending it). IB Gateway also requires authentication from your phone before connecting. The entire process of logging in takes about 30 seconds and then youíre good until you decide to log out.



All in all I would recommend this setup.



Grant, what are the margin requirements per contract in the markets you are trading? I can't seem to get the IB website to tell me for some reason.


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  #44 (permalink)
Guesser
Reading UK
 
Trading Experience: None
Platform: Custom
Broker/Data: Interactive Brokers
Favorite Futures: My 3 boys
 
Grantx's Avatar
 
Posts: 1,631 since Oct 2016
Thanks: 2,264 given, 4,297 received


rassi View Post
Grant, what are the margin requirements per contract in the markets you are trading? I can't seem to get the IB website to tell me for some reason.


Sent from my iPhone using Tapatalk

Try this link

Here is what I trade:

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

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  #45 (permalink)
freasno, ca usa
 
Trading Experience: Advanced
Platform: ninja trader
Favorite Futures: forex
 
Posts: 103 since Apr 2013
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Grantx View Post
Im just waiting for my funds to clear then Ill be placing my 1st live trade through IB. My opinion so far:

Sierra Chart: Best software Iíve used. Stable and lightning quick. It has everything you need. I pay $15 a month for the basic version as I donít need any of the advanced features. Can be a hassle to configure and learn at first but its worth it.

Data: Sierra real time data. Seems legit. Watching NFP on Friday and it was fine. All in cost is $44/month and I get access to the full CME group as well as Eurex. I dont use level2 data anymore so it will cost more if you require that.

Interactive Brokers: So far I am happy. The online account management facilities are excellent. Support is also excellent. Its a bit of a process to get an account but you just gotta jump through the hoops. I do like the double authentication method. You cannot log into your account without first verifying it on your phone (which also requires a numeric password). So its pretty darn secure. Round trip fees are competitive.

In order to log into Sierra with your IB credentials you first need to be logged into IB Gateway (thanks @Scalpguy for recommending it). IB Gateway also requires authentication from your phone before connecting. The entire process of logging in takes about 30 seconds and then youíre good until you decide to log out.

All in all I would recommend this setup.

Just a thought but if you move your account over to InfinityAT Futures you get Sierra Charts for free. I highly recommend Josh Harris at Infinity, I know a lot of traders and many were w/ IB and switched to Infinity none have gone back to IB, check them out

Sent using the futures.io mobile app

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  #46 (permalink)
Guesser
Reading UK
 
Trading Experience: None
Platform: Custom
Broker/Data: Interactive Brokers
Favorite Futures: My 3 boys
 
Grantx's Avatar
 
Posts: 1,631 since Oct 2016
Thanks: 2,264 given, 4,297 received


planetmoto View Post
Just a thought but if you move your account over to InfinityAT Futures you get Sierra Charts for free. I highly recommend Josh Harris at Infinity, I know a lot of traders and many were w/ IB and switched to Infinity none have gone back to IB, check them out

Sent using the futures.io mobile app

Very helpful team of people at Infinity. I spoke to Markus and he seem to genuinely want to help. Their Sierra help videos on youtube are great.

They have programmed a module into Sierra which is like a control center or something. Looked useful but personally I prefer usng the generic bare bones platform with no frills. Also, when I did my round trip costings I found that for my style of trading it worked out cheaper to pay for the platform.

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  #47 (permalink)
Bristol, UK
 
 
Posts: 17 since Feb 2018
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Grantx View Post
Does anyone have an InteractiveBrokers/Sierrachart/CQG combination?
Going through the help file makes it sound like IB and SC is highly problematic combination.

Just wanting to know if anyone has encountered any problems in general with this setup.

Many thanks.

Hi, I'm also looking at this combination, but have read how SC support really don't like IB because of various issues. So I'm interested in how you, or anyone else is getting on with it these days?

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  #48 (permalink)
Guesser
Reading UK
 
Trading Experience: None
Platform: Custom
Broker/Data: Interactive Brokers
Favorite Futures: My 3 boys
 
Grantx's Avatar
 
Posts: 1,631 since Oct 2016
Thanks: 2,264 given, 4,297 received


Mammal View Post
Hi, I'm also looking at this combination, but have read how SC support really don't like IB because of various issues. So I'm interested in how you, or anyone else is getting on with it these days?

Absolutely no problem at all. Its solid. I use Sierra data and IB as the broker. As long as you go through Sierras setup procedure step by step and dont miss anything, then you should have no issues. Sierra have a solid interface with IB its dumb users that dont read properly and need to be spoonfed everything that have drama (kinda like me trying to learn ACSIL - I have to fess up that I have been going full retard lately trying to figure that out).

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  #49 (permalink)
Bamberg, Germany
 
Trading Experience: Beginner
Platform: Sierra Chart
Broker/Data: IB, SierraCharts data
Favorite Futures: mini FDAX
 
Posts: 1,080 since Oct 2014
Thanks: 13,850 given, 2,570 received


Grantx View Post
Absolutely no problem at all. Its solid. I use Sierra data and IB as the broker. As long as you go through Sierras setup procedure step by step and dont miss anything, then you should have no issues. Sierra have a solid interface with IB its dumb users that dont read properly and need to be spoonfed everything that have drama (kinda like me trying to learn ACSIL - I have to fess up that I have been going full retard lately trying to figure that out).

Second that. Connection with IB Rock solid. Following instructions is key.

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  #50 (permalink)
Bristol, UK
 
 
Posts: 17 since Feb 2018
Thanks: 14 given, 7 received


That's great, thanks both for your feedback -much appreciated! I won't stray from the path re the instructions

Good luck with the ASCIL Grantx!

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