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Advice for going live with automated trading in SC?


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Advice for going live with automated trading in SC?

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  #1 (permalink)
 LittleFinger 
Denver Colorado/USA
 
Experience: Intermediate
Platform: SierraChart
Broker: AMP
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Hello SC coders,

I plan on making the leap from simulation to real automated trading soon with SC. I was wondering if anyone had some input on the dangers to watch for and methods for making things as safe and redundant as possible.

I am planning on not being there to monitor my trading computer during trading hours due to my job schedule. I do plan on remoting in on a regular basis to verify things are working though.

What precautions should one take in this scenario?

What do you do about power or internet failures?

What are some dangers and fail-safes associated with Sierra Chart?

Any particular brokers or data providers that would be a good choice for automated trading?

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  #3 (permalink)
 ocpb 
Hartford CT, USA
 
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LittleFinger View Post
What do you do about power or internet failures?

One thing you might consider (if you haven't yet) is running SC on a cloud-based VPS running Windows (server 2008 or 2012)...instead of a PC on your home network. Especially if you are planning on not being around. Generally the VPS would have overwhelming advantages of power and internet reliability, short of investing in a lot of extra hardware in your home.

I'm guessing latency to the broker may not be a big factor for you, but if it was, a VPS would be great for that too.

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 LittleFinger 
Denver Colorado/USA
 
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I hadn't really considered that to be honest. I like the idea in theory, but I wonder if it really is more reliable in practice. I work for a company that offers these services and have seen a lot of outages that cost customers and us a lot of money. You might have the hardware set up for redundancy, but human errors still take things down all the time. I guess I need to do the research and see what's available. Thanks for the suggestion!

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  #5 (permalink)
 ocpb 
Hartford CT, USA
 
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LittleFinger View Post
I hadn't really considered that to be honest. I like the idea in theory, but I wonder if it really is more reliable in practice. I work for a company that offers these services and have seen a lot of outages that cost customers and us a lot of money. You might have the hardware set up for redundancy, but human errors still take things down all the time. I guess I need to do the research and see what's available. Thanks for the suggestion!

One more thing, @sam028 is an administrator of FIO, and he runs a private hosting company specially geared towards reliable VPS's for traders, and also dedicated servers. It's very highly reccommended. You could check it out in this thread or the company site is https://www.speedytradingservers.com/.

He's given at least one webinar here too.


You could also get started with VPS from AWS or Google Cloud Platform, among others, to get a feel for whether it might be a good option.

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 LittleFinger 
Denver Colorado/USA
 
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Awesome, I'll definitely check into it

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 sam028 
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If I may, without advertising for my own services, the problem with AWS and other generic cloud providers is that:
- you never know what would be your bill at the end of the month as you'll pay for many things (RAM and CPU but also disk I/O, storage, ...)
- their network latency to the market gateways are higher, due to the location of their datacenters and the additional network layers involved by their network architectures.
These solutions are working well for "not too real time" activities, where a 1 second response time is not noticeable.

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  #8 (permalink)
 LittleFinger 
Denver Colorado/USA
 
Experience: Intermediate
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Broker: AMP
Trading: ES
 
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Posts: 108 since May 2017
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That sounds like a great service you are offering. I don't think it would be necessary for me because I don't trade on time frames short enough to require that kind of speed. If I ever get into some more "scalpy" systems I will certainly keep you in mind.

My main purpose for cloud hosting would be power and internet reliability. However, I think it would probably come with the compromise of reduced computing power, which I am not too keen on. I'll most likely be running many instances of Sierra Chart on multiple cores at once and I'd prefer fast CPU clock speeds.

The power/internet planning is pretty straightforward. I am actually more concerned with making my coding logic as robust as possible to avoid losses when the market is going bonkers or I get some bad data. SC is pretty good in their documentation with regard to this, but it's always good to get advice from those who have made the voyage ahead of you.

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 SidewalkAerobics 
Los Angels
 
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LittleFinger View Post
Any particular brokers or data providers that would be a good choice for automated trading?

Automated trading is subject to all the pitfalls mentioned above. In general if your automated system places a stop and limit (held by the broker - not by your computer) the risk of entering a trade without an exit is eliminated.

The platform I use is know to be glitchy. The platform crashes and I have to reboot to restart it. I have zero confidence in automating with my current platform. I could also use suggestions for more reliable automation.

Please keep seeking advice. Best wishes in your automation!

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  #10 (permalink)
 Vacationer 
Sarasota, Florida
 
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Broker: TD Ameritrade, IB, TS
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Hello LittleFinger,

Researching Automation and VPS I came across your post. I am about to go live on an automated trading strategy my self, and I was wondering if you have any tips from your experience since it is very recent.

Did your Strategy work as it did in simulation?
Did you have any of your fears come true as far as power outages and internet. Here in Florida we have a lot of storms and power outages are expected. So a UPS is always handy.
How did your code perform in real time....any surprises from what was theoretically expected?
Do you by any chance advise on the VPS after your experience?
I'm not familiar with SC, Are they your Broker, do you send your orders to another Broker?
Did you have any issues with SC during automation and How good were they handling it?


I will appreciate your input greatly...Thank you.

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 mattz   is a Vendor
 
 
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Vacationer View Post
Hello LittleFinger,

Researching Automation and VPS I came across your post. I am about to go live on an automated trading strategy my self, and I was wondering if you have any tips from your experience since it is very recent.

Did your Strategy work as it did in simulation?
Did you have any of your fears come true as far as power outages and internet. Here in Florida we have a lot of storms and power outages are expected. So a UPS is always handy.
How did your code perform in real time....any surprises from what was theoretically expected?
Do you by any chance advise on the VPS after your experience?
I'm not familiar with SC, Are they your Broker, do you send your orders to another Broker?
Did you have any issues with SC during automation and How good were they handling it?


I will appreciate your input greatly...Thank you.

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
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  #12 (permalink)
 LittleFinger 
Denver Colorado/USA
 
Experience: Intermediate
Platform: SierraChart
Broker: AMP
Trading: ES
 
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Posts: 108 since May 2017
Thanks: 124 given, 127 received


Vacationer View Post
Hello LittleFinger,

Researching Automation and VPS I came across your post. I am about to go live on an automated trading strategy my self, and I was wondering if you have any tips from your experience since it is very recent.

Did your Strategy work as it did in simulation?
Did you have any of your fears come true as far as power outages and internet. Here in Florida we have a lot of storms and power outages are expected. So a UPS is always handy.
How did your code perform in real time....any surprises from what was theoretically expected?
Do you by any chance advise on the VPS after your experience?
I'm not familiar with SC, Are they your Broker, do you send your orders to another Broker?
Did you have any issues with SC during automation and How good were they handling it?


I will appreciate your input greatly...Thank you.

Hello friend,

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.

Good luck!

LF

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 Vacationer 
Sarasota, Florida
 
Experience: Intermediate
Platform: TOS, IB, TS
Broker: TD Ameritrade, IB, TS
Trading: ES, NQ, YM, RTY
 
Posts: 26 since Jan 2018
Thanks: 31 given, 13 received

Thank you LF for the quick reply.

I kind of thought a lot of folks here are into automated trading, and I thought it is all in the Elite section, which I 'm not part of as of now.

I guess SC programing might be a learning curve as you said. I find Think Script (TOS) and Easy Language (TS) are close. Not familiar with ACSIL.

Will let you know when things go live. Thanks again. Vacationer

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