Advice for going live with automated trading in SC? - futures io
futures io futures trading



Advice for going live with automated trading in SC?


Discussion in Sierra Chart

Updated by Vacationer
      Top Posters
    1. looks_one LittleFinger with 5 posts (3 thanks)
    2. looks_two ocpb with 2 posts (4 thanks)
    3. looks_3 Vacationer with 2 posts (2 thanks)
    4. looks_4 Quick Summary with 1 posts (0 thanks)
      Best Posters
    1. looks_one sam028 with 3.0 thanks per post
    2. looks_two ocpb with 2.0 thanks per post
    3. looks_3 Vacationer with 1.0 thanks per post
    4. looks_4 LittleFinger with 0.6 thanks per post
    1. trending_up 1,397 views
    2. thumb_up 14 thanks given
    3. group 9 followers
    1. forum 12 replies
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 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
 

Advice for going live with automated trading in SC?

(login for full post details)
  #1 (permalink)
Denver Colorado/USA
 
Experience: Intermediate
Platform: SierraChart
Broker: AMP
Trading: Bonds
 
LittleFinger's Avatar
 
Posts: 105 since May 2017
Thanks: 112 given, 123 received

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?

Reply With Quote

Can you help answer these questions
from other members on futures io?
DLL with webrequest function for MC
MultiCharts
ATR of only green candles
EasyLanguage Programming
Where is the link to download GomiRecorder?
NinjaTrader
Times and Sales more data to be displayed
TradeStation
Webinar: Linda Bradford Raschke Dealing with August burnout and Trader Camaraderie
The Elite Circle
 
 
(login for full post details)
  #3 (permalink)
Hartford CT, USA
 
Experience: Beginner
Platform: None
Trading: ES
 
Posts: 113 since Jan 2015
Thanks: 105 given, 106 received



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.

Reply With Quote
The following 2 users say Thank You to ocpb for this post:
 
(login for full post details)
  #4 (permalink)
Denver Colorado/USA
 
Experience: Intermediate
Platform: SierraChart
Broker: AMP
Trading: Bonds
 
LittleFinger's Avatar
 
Posts: 105 since May 2017
Thanks: 112 given, 123 received

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!

Reply With Quote
The following user says Thank You to LittleFinger for this post:
 
(login for full post details)
  #5 (permalink)
Hartford CT, USA
 
Experience: Beginner
Platform: None
Trading: ES
 
Posts: 113 since Jan 2015
Thanks: 105 given, 106 received


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.
https://www.youtube.com/watch?v=fW8hcRw1kBM

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.

Reply With Quote
The following 2 users say Thank You to ocpb for this post:
 
(login for full post details)
  #6 (permalink)
Denver Colorado/USA
 
Experience: Intermediate
Platform: SierraChart
Broker: AMP
Trading: Bonds
 
LittleFinger's Avatar
 
Posts: 105 since May 2017
Thanks: 112 given, 123 received

Awesome, I'll definitely check into it

Reply With Quote
The following user says Thank You to LittleFinger for this post:
 
(login for full post details)
  #7 (permalink)
Site Moderator
 
 
sam028's Avatar
 
Posts: 3,637 since Jun 2009
Thanks: 3,761 given, 4,440 received

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.

Success requires no deodorant! (Sun Tzu)
Follow me on Twitter Reply With Quote
The following 3 users say Thank You to sam028 for this post:
 
(login for full post details)
  #8 (permalink)
Denver Colorado/USA
 
Experience: Intermediate
Platform: SierraChart
Broker: AMP
Trading: Bonds
 
LittleFinger's Avatar
 
Posts: 105 since May 2017
Thanks: 112 given, 123 received

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.

Reply With Quote
 
(login for full post details)
  #9 (permalink)
Los Angels
 
Experience: Intermediate
Platform: TradeStation
Trading: Emini ES
 
Posts: 61 since Aug 2018
Thanks: 68 given, 44 received


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!

Reply With Quote
The following user says Thank You to SidewalkAerobics for this post:
 
(login for full post details)
  #10 (permalink)
Sarasota, Florida
 
Experience: Intermediate
Platform: TOS, IB, TS
Broker: TD Ameritrade, IB, TS
Trading: ES, NQ, YM, RTY
 
Posts: 21 since Jan 2018
Thanks: 24 given, 11 received


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.

Reply With Quote
The following user says Thank You to Vacationer for this post:


futures io Trading Community Platforms and Indicators Sierra Chart > Advice for going live with automated trading in SC?


June 26, 2019


Upcoming Webinars and Events
 

Dealing with burnout w/Linda Bradford Raschke

Elite only
     



Copyright © 2020 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