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Advice for going live with automated trading in SC?
Sierrachart is a 3rd party application. We are in FL, and from here I would use Rithmic for back up because of the additional redundant software you can use to monitor risk (r trader).
Thanks,
Matt Z
Optimus Futures
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
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So I'm still not ready to go live with with the robot trades yet. I am still working on the strategies, but my manual way of trading is working well lately, so I'm just concentrating on that while the markets stay lucrative.
I did have an internet issue that made me consider the value of a VPS though. My roomate resolved it so I'm a little fuzzy on the details, but I think he said that our modem's cache had to be cleared out. The ISP had no idea what was wrong. Power cycling the modem and switch wasn't enough to resolve. Whatever it was, we had zero internet access throughout the house. It just happened out of the blue. I think a VPS is worth it if you are not a networking expert or if you can't trust when your ISP will cut off service out of the blue like I've experienced with Comcast.
SC just makes the charting software. From what I've seen they are the best for charting and have the most options for different data providers and brokers. What I plan on using when I finally get a new broker is this: Sierra Chart Futures Order Routing Service With Data
SC has a big learning curve because it is so customizable. The documentation is pretty good on the site, but you will get stuck at times. Especially with programming strategies in ACSIL. When you ask questions on the support board and show that you've done your due diligence, they are usually very helpful. If you missed something that was obvious and are asking for help, you might get a surly reply.
I'm not sure what my automation ETA is at this point, but I will definitely follow up as I get more experience on that front.
Let me know what you decide to do. Not that many folks doing the automation thing on here, so it's good to hear from others making the leap.
