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Best broker and data feed for Sierra Charts?


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Best broker and data feed for Sierra Charts?

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  #21 (permalink)
 KXRTrading123 
Salt Lake City
 
Experience: Advanced
Platform: Sierra Chart, TV, MT4
Trading: %Rates,FX,Index,Commodities
 
Posts: 19 since May 2017
Thanks: 1 given, 33 received

@fivewhy @meandthetrio
Denali is the direct data server to Sierra Chart - it is the only data that they fully service.
TT Fix is the connection to Trading Tech order routing. Thus you can get Denali/TT

I believe Edge Clear uses Dorman as their FCM

Cost of D/TT is exactly the same as CQG on AMP. If you are on Denali you can also add Stock Data and CBOE data, these have exchange costs and you need to pay directly to your Sierra Acct.

I find Denali to be faster then CQG and TT seems to show very little latency in orders when compared to CQG and definitely more snappy when bouncing around a DOM for scalps.

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  #22 (permalink)
 EdgeClear   is a Vendor
 
 
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Thank you @fivewhy & @KXRTrading123!

Edge Clear uses Dorman Trading and Phillip Capital for Sierra Chart/TT.

1) The Denali Exchange Data Feed is managed directly through Sierra Chart. Denali is its own feed supplied by Sierra. You can subscribe to it without a brokerage account, however, without a funded brokerage account, you may be subject to professional market data fees. The Sierra Chart Order Routing Service is done through TTFix. You can use other order routing services along with Denali Exchange Data Feed if you prefer.

2) In order to run two data feeds in Sierra (CQG and TT for example), Sierra suggests running two instances of Sierra Chart. You can find the documentation for that here: https://www.sierrachart.com/index.php?page=doc/NewInstance.php. The instructions on this page are for sharing the market data and trading functionality from one instance of Sierra Chart with another instance.

Thanks!

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  #23 (permalink)
billmcg
rochester,newyork,usa
 
 
Posts: 8 since Mar 2013
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Thanks for your post. This has been a difficult quest for me also. I started out with Ensign Windows a great technical platform that few know about. If I opened an account at Infinity Futures, the data feed to drive Ensign was free. And I used the infinity DOM to place trades, A very nice DOM. Ensign cost me $50.00 mo.
Then I decided to drop the Ensign cost and use Infinity Charts (Sierra Platform). I did like Sierra and that feed was free past 10 Round Trips Mo, also because of my Infinity Account. Sierra took some time to negotiate the techs but alot less cumbersome than Ninja.
Next Infinity decided to throw out the Sierra Package and started their own charting package which is (s--t imo.
Next I migrated my account to Ninja and it was a nightmare, I would never endorse this Platform. The free platform has limited trading tools, and one need to rent or buy the upper level package.

I would recommend the Infinity Broker account, minimums to open. This would drive either their platform (s--t) or take a look at Ensign(very user friendly) or Infinity will allow you to use the original Sierra Program but you have to specify and there will be a fee. I have had an Ensign account since 1999. Just cannot trade on the chart, have to use the DOM
Lots of luck with trading, keep it simple.
billm

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  #24 (permalink)
 humbled1 
San Francisco California
 
Experience: Intermediate
Platform: Sierra
Broker: Dorman and Transact
Trading: ES
 
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Sierra is the best i've had. I've used TOS in my early days. Sierra is very powerful and you can code many different styles of setups. You can switch to whatever data feed you want. Its fast and very reliable. I pay for 6 months to get a 20% discount. Totaling with data feed and charts is under 42.00 a month. Worth the money

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  #25 (permalink)
 Suchan 
Houston. Texas/ USA
 
Experience: Intermediate
Platform: Ninja trader
Trading: E-mini and stocks
 
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ffejeldnit View Post
I have been using ThinkorSwim with TD AmeriTrade and realize they are not the best for futures. I think I am going to go with Sierra Charts and need to know what all I need. With TD AmeriTrade it was all in one, platform, broker and data. I assume I need to purchase all these separately and wondering what is everyones experience of best broker and data feed for futures? I will start out trading the micro ES and maybe CL.

Thanks

Try Tradestation or Infinity futures

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  #26 (permalink)
 speck 
Kharkiv, Ukraine
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Infinity Futures
Trading: ES
 
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Suchan View Post
Try Tradestation or Infinity futures

I second Infinity.

Been with them for 8 years.

The only downside is high commissions on micros while eminis are relatively competitive.

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  #27 (permalink)
lezzlee
Budapest, Hungary
 
 
Posts: 24 since Sep 2013
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fivewhy View Post
I have two questions:
1) isn't Denali it's own thing that you have to pay for..directly to Sierra regardless of your broker? But Denali actually uses TT? I never understood Denali or what it's draw was. I wish someone would ELI5 it to me.

2) does Sierra Chart separate out data feed and order routing feed, such that I could feed my charts with "Data Feed X" but send my orders through "Routing Feed Y". If memory serves, IRT does this and I'm wondering if anything else does.
And just to add, I believe EdgeClear has the best all-in round turn costs when using Rithmic for data and order routing, imo. Even beats AMP/Rithmic, which is insane.

There are five services:
  • Your broker manages your account. Funding, withdrawal, margin, daily loss, etc.
  • FCM clears your trades according to your fills through the exchanges.
  • Order routing provider sends your orders to the exchange and manages the fills. Your broker sets up what it should allow or disallow for you, eg. markets, trade sizes, margin.
  • Data feed provides you with all or most of the things happening at the exchages, in the order book (ladder/DOM); and holds the historical data.
  • Your trading platform which is connected to everything required.

You might be confused because often you meet the broker only, and the same company provides both the data feed and the order routing (eg. CQG). And sure, some companies provide multiple services.

As you can see your platform is a crucial point as it must support many combinations or be a closed ecosystem (eg. TradeStation).
Sierra has began to consolidate its services to help you out better when problems arise.

For your information Sierra ends Rithmic support soon if for example you plan to trade for evaluators who use Rithmic.
https://www.sierrachart.com/SupportBoard.php?ThreadID=51595

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  #28 (permalink)
 Thurston 
Ann Arbor MI USA
 
Experience: Intermediate
Platform: Sierra Chart
Trading: ES
 
Posts: 5 since Jan 2018
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KXRTrading123 I am interested in adding CBOE VIX and am currently using Denali data feed. Documentation that I saw said that I had to use Sierra chart realtime data feed instead of Denali. I hoppe this is wrong and I can keep Denali and add the CBOE exchange. Do you know how to do this? Thanks.

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  #29 (permalink)
 willieboy 
chesterfield mo USA
 
Experience: Advanced
Platform: sierra charts
Trading: es,cl,gc
 
Posts: 6 since Jan 2018
Thanks: 2 given, 22 received

I have been using Sierra charts for quite a few years my broker is Canon trading I use the Sierra chart platform 5 The trades clear through transact futures and I haven't had any issues. I don't know if I'm missing something or what I called cannon futures told him I wanted to use Sierra charts they sent me a link and it was all set up they're the only people I talked to I don't have four or five companies to route orders and talk to this one talk to that one Denali CQG rhythmic all that I don't even know what any of that's about. All I know is when I click the buy or sell in that split second the order is bought or sold. Does it get any better than that I don't know

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  #30 (permalink)
 fivewhy 
Fort Lauderdale, Florida, USA
 
Experience: Beginner
Platform: NT8, Bookmap
Trading: ES, MES
 
Posts: 183 since Feb 2017
Thanks: 78 given, 186 received



lezzlee View Post
There are five services:
  • Your broker manages your account. Funding, withdrawal, margin, daily loss, etc.
  • FCM clears your trades according to your fills through the exchanges.
  • Order routing provider sends your orders to the exchange and manages the fills. Your broker sets up what it should allow or disallow for you, eg. markets, trade sizes, margin.
  • Data feed provides you with all or most of the things happening at the exchages, in the order book (ladder/DOM); and holds the historical data.
  • Your trading platform which is connected to everything required.

You might be confused because often you meet the broker only, and the same company provides both the data feed and the order routing (eg. CQG). And sure, some companies provide multiple services.

As you can see your platform is a crucial point as it must support many combinations or be a closed ecosystem (eg. TradeStation).
Sierra has began to consolidate its services to help you out better when problems arise.

For your information Sierra ends Rithmic support soon if for example you plan to trade for evaluators who use Rithmic.
https://www.sierrachart.com/SupportBoard.php?ThreadID=51595

Bro, you're the one confused. I'm not sure if you meant to quote my post or someone else's. I assure you, I know the the roles of the broker, the fcm, the data provider & order router. But what really pisses me off is that you didn't even bother to answer my questions.

What confusion of mine are you referring to? I asked what Denali has to offer (i.e., what is the "draw" of using it). My question specifically noted that Denali is a data provider and uses TT order routing. You did not address this. As to my second question, I still do not know if Sierra allows feeding charts with one data provider while routing order through another. If you're confused about this, check out IRT which specifically allows this. There is such a thing as data providers who do not route orders.

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