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Another day, another price increase...


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Another day, another price increase...

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  #1 (permalink)
United Kingdom
 
Experience: Intermediate
Platform: Sierra Charts
Trading: NQ
 
Posts: 14 since Jun 2014
Thanks: 0 given, 3 received

So sierra charts had this idea of "consolidating" their prices come March 1st. For the likes of me who use AMP + CME only on their advanced package used to be around $36 ($25 for the advanced package and $11 for CME via CQG).
The new price announced on the Jan 21st was $38/month for the advanced package and their now included Denali feed which sounds great until you add the $10.40 for CME on top. So now I am at $48.40/month up from $36. Not too bad I hear you say? Well yesterday they announced new prices again....

-Advanced Package + Denali Data Feed: 46 USD/month (package 11).

I am pretty sure this doesn't include the CME data, so that's another $10.40 on top so now $56.40/month.

Who knows, maybe next month it will be 56 USD/month or maybe some other arbitrary value with no evidence for reasons of the increase.

If I have this wrong, I am more than willing to hear anything to the contrary. In fact I would welcome a correction if means I won't need to be paying this...


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  #2 (permalink)
Deventer, the Netherlands
 
Platform: Sierra Chart
Broker: CQG
Trading: DOW, ES
 
Posts: 25 since Feb 2015
Thanks: 111 given, 44 received

Yes you are correct. First they said the new pack 11, which was instead of 5, would be priced 38 or so.

Now they are saying it will be 46. The reason being that this time they would not cancel the old type packages (3 ,5).

what this has to do with the price increase of the denali packs is not clear to me and they dont care really to explain.

Basicly packs 10 and 11 are just the same as packs 3 and 5 with denali include. At the introduction the(the so called?) discount would have been around 20 dollars but now is just 10 dollars or so.

I agree what will it be next post? SC as software is great. But traders need to be able to settle for the situation and focus on trading. Being forced to anticipate o changes with every post they make is very annoying and really should be considered before going for this software.

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  #3 (permalink)
United Kingdom
 
Experience: Intermediate
Platform: Sierra Charts
Trading: NQ
 
Posts: 14 since Jun 2014
Thanks: 0 given, 3 received


What's annoying is that many people are complaining about these changes, yet every post on that forum that even dares to question it is locked and blocked from view by anyone else.
I agree SC is a great piece of software but poor customer relations and price increases is enough to leave a sour taste in anybody's mouth....

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  #4 (permalink)
United Kingdom
 
Experience: Intermediate
Platform: Sierra Charts
Trading: NQ
 
Posts: 14 since Jun 2014
Thanks: 0 given, 3 received

This whole event has now made me start to look elsewhere. Anyone have any experiences of trading software? I mainly need volume profiles.

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  #5 (permalink)
Birmingham UK
 
Experience: Intermediate
Platform: Sierrachart
Trading: ES, Forex, Currency Futures, Oil, Natural Gas
 
Posts: 6 since Mar 2013
Thanks: 5 given, 2 received


Rexz View Post
This whole event has now made me start to look elsewhere. Anyone have any experiences of trading software? I mainly need volume profiles.

I too am now looking at alternatives.

The problem I'm faced with I'm heavily invested in SC with custom tools and having them re-written for another platform. I've got a lifetime license for Multicharts but I've never got on with it.

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  #6 (permalink)
Lisbon, Portugal
 
Experience: Intermediate
Platform: Currently just TWS
Broker: IB
Trading: Stocks and E-minis
 
Rui S's Avatar
 
Posts: 126 since May 2012
Thanks: 140 given, 49 received


Rexz View Post
So sierra charts had this idea of "consolidating" their prices come March 1st. For the likes of me who use AMP + CME only on their advanced package used to be around $36 ($25 for the advanced package and $11 for CME via CQG).
The new price announced on the Jan 21st was $38/month for the advanced package and their now included Denali feed which sounds great until you add the $10.40 for CME on top. So now I am at $48.40/month up from $36. Not too bad I hear you say? Well yesterday they announced new prices again....

-Advanced Package + Denali Data Feed: 46 USD/month (package 11).

I am pretty sure this doesn't include the CME data, so that's another $10.40 on top so now $56.40/month.

Who knows, maybe next month it will be 56 USD/month or maybe some other arbitrary value with no evidence for reasons of the increase.

If I have this wrong, I am more than willing to hear anything to the contrary. In fact I would welcome a correction if means I won't need to be paying this...



I was thinking to go back to Sierra Charts but now I am not so sure...

Do you already have confirmation of this price increase?

Will we really need to pay $10.40 for CME data on top of the $46?

Is it the only way to have Denali Data Feed + CME? Can't we have just CME?

Currently I am just using CME Level 1 for the E-minis (through IB).

I appreciate some input, please.

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  #7 (permalink)
Hawesville, KY
 
Experience: Beginner
Platform: thinkorswim
Trading: NQ
 
Posts: 44 since Sep 2015
Thanks: 22 given, 5 received

Is this really THAT much more expensive than other platforms? I've only experienced ToS before moving to SC, so I'm not familiar with pricing.

Thanks

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  #8 (permalink)
Nashville TN USA
 
Experience: Advanced
Platform: SierraChart
Broker: Sierra Futures/SC Denali
Trading: NQ ES YM
 
Posts: 417 since Nov 2009
Thanks: 167 given, 512 received


Rui S View Post
I was thinking to go back to Sierra Charts but now I am not so sure...

Do you already have confirmation of this price increase?

Will we really need to pay $10.40 for CME data on top of the $46?

Is it the only way to have Denali Data Feed + CME? Can't we have just CME?

Currently I am just using CME Level 1 for the E-minis (through IB).

I appreciate some input, please.

There is currently no price increase.

Here is Sierra Chart's pricing:
https://www.sierrachart.com/index.php?page=doc/Packages.php

Packages 3 & 5 do not include a data feed. You would use your broker's data feed with whatever fees they charge.
There is no price increase on these existing packages.
You can also use these packages with their Denali data feed, at $25/mo extra ($20/mo if you also use their order routing).

Packages 10, 11, 12 are new packages that include their Denali data feed, so the total cost is less than 3 & 5 with their Denali data feed.

Packages 10 & 11 include their Denali data feed. Exchange fees are additional.
Package 12 includes their Denali data feed with Market By Order. Exchange fees are additional.

If you use their Denali data feed, you'll also pay these exchange fees from your Sierra Chart acct balance:
https://www.sierrachart.com/index.php?page=doc/DenaliExchangeDataFeed.php

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  #9 (permalink)
Lisbon, Portugal
 
Experience: Intermediate
Platform: Currently just TWS
Broker: IB
Trading: Stocks and E-minis
 
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Posts: 126 since May 2012
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tomgilb View Post
There is currently no price increase.

Here is Sierra Chart's pricing:
https://www.sierrachart.com/index.php?page=doc/Packages.php

Packages 3 & 5 do not include a data feed. You would use your broker's data feed with whatever fees they charge.
There is no price increase on these existing packages.
You can also use these packages with their Denali data feed, at $25/mo extra ($20/mo if you also use their order routing).

Packages 10, 11, 12 are new packages that include their Denali data feed, so the total cost is less than 3 & 5 with their Denali data feed.

Packages 10 & 11 include their Denali data feed. Exchange fees are additional.
Package 12 includes their Denali data feed with Market By Order. Exchange fees are additional.

If you use their Denali data feed, you'll also pay these exchange fees from your Sierra Chart acct balance:
https://www.sierrachart.com/index.php?page=doc/DenaliExchangeDataFeed.php


Thank you very much for you clarification.

My idea to use SC - besides the software itself of course - was to have a better data feed with a reasonable price (you all know the poor quality of IB real time data).

So, if I'm getting it well, I will need the followig:

"Service Package 10 Standard + Denali Data Feed" for $46 (no discount on this package?) + CME Data for $3.25 (if only just with Level 1) or $10.40 to $31.20 (if I want Market Depth).

It really isn't as affordable as it used to be before, the Denali Data Feed cost and no discount on this packages are weighing on the total price.

I will have to think about it.

Thanks again.

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  #10 (permalink)
ROMA ITALY
 
 
Posts: 1 since Nov 2019
Thanks: 1 given, 0 received


I am a infinity futures (transact) user so the confusion is higher. I don't know what will happen after march, SC has interrupted the support to infinity... I have to wait for clearing the situation, meanwhile I'm using SC...

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  #11 (permalink)
Nashville TN USA
 
Experience: Advanced
Platform: SierraChart
Broker: Sierra Futures/SC Denali
Trading: NQ ES YM
 
Posts: 417 since Nov 2009
Thanks: 167 given, 512 received


maxbunker View Post
I am a infinity futures (transact) user so the confusion is higher. I don't know what will happen after march, SC has interrupted the support to infinity... I have to wait for clearing the situation, meanwhile I'm using SC...

Transact is still supported but Sierra Chart will eventually require a direct account with them, and discontinue offering their charting software through a broker.
This means you will be able to keep using Infinity and Transact and Sierra Chart. but you'll pay Sierra directly for the software.

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  #12 (permalink)
Legendary Market Wizard
Portland, OR
 
Experience: None
 
Massive l's Avatar
 
Posts: 1,977 since Mar 2011
Thanks: 1,642 given, 3,993 received


Rexz View Post
So sierra charts had this idea of "consolidating" their prices come March 1st. For the likes of me who use AMP + CME only on their advanced package used to be around $36 ($25 for the advanced package and $11 for CME via CQG).
The new price announced on the Jan 21st was $38/month for the advanced package and their now included Denali feed which sounds great until you add the $10.40 for CME on top. So now I am at $48.40/month up from $36. Not too bad I hear you say? Well yesterday they announced new prices again....

-Advanced Package + Denali Data Feed: 46 USD/month (package 11).

I am pretty sure this doesn't include the CME data, so that's another $10.40 on top so now $56.40/month.

Who knows, maybe next month it will be 56 USD/month or maybe some other arbitrary value with no evidence for reasons of the increase.

If I have this wrong, I am more than willing to hear anything to the contrary. In fact I would welcome a correction if means I won't need to be paying this...


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  #13 (permalink)
United Kingdom
 
Experience: Intermediate
Platform: Sierra Charts
Trading: NQ
 
Posts: 14 since Jun 2014
Thanks: 0 given, 3 received

Well they confirmed it today. From April 1st all sierra chart accounts will go directly through them. My costs will go from $36/month via AMP to $56.40/month.
It's a shame, I did always like Sierra charts.

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  #14 (permalink)
Nashville TN USA
 
Experience: Advanced
Platform: SierraChart
Broker: Sierra Futures/SC Denali
Trading: NQ ES YM
 
Posts: 417 since Nov 2009
Thanks: 167 given, 512 received


Rexz View Post
Well they confirmed it today. From April 1st all sierra chart accounts will go directly through them. My costs will go from $36/month via AMP to $56.40/month.
It's a shame, I did always like Sierra charts.

NinjaTrader is $60/mo with fewer features than Sierra's Package 3 at $36/mo.
https://ninjatrader.com/LicenseComparison

Investor R/T is $50/mo for the core platform, and $5-$30/mo for multiple add-on packages.
You could easily spend $150/mo to get comparable to Sierra's Package 3.
https://www.linnsoft.com/pricing

MultiCharts is about $100/mo to get the fewer features than Sierra's Package 3.
https://www.multicharts.com/purchase/

Sierra Chart is still an amazing bargain.

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  #15 (permalink)
United Kingdom
 
Experience: Intermediate
Platform: Sierra Charts
Trading: NQ
 
Posts: 14 since Jun 2014
Thanks: 0 given, 3 received


tomgilb View Post
NinjaTrader is $60/mo with fewer features than Sierra's Package 3 at $36/mo.
https://ninjatrader.com/LicenseComparison

Investor R/T is $50/mo for the core platform, and $5-$30/mo for multiple add-on packages.
You could easily spend $150/mo to get comparable to Sierra's Package 3.
https://www.linnsoft.com/pricing

MultiCharts is about $100/mo to get the fewer features than Sierra's Package 3.
https://www.multicharts.com/purchase/

Sierra Chart is still an amazing bargain.

You are forgetting that most people receive packages through brokers that cost no where near that amount. Still doesn't make it acceptable for a price increase like that.

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  #16 (permalink)
Nashville TN USA
 
Experience: Advanced
Platform: SierraChart
Broker: Sierra Futures/SC Denali
Trading: NQ ES YM
 
Posts: 417 since Nov 2009
Thanks: 167 given, 512 received


Rexz View Post
You are forgetting that most people receive packages through brokers that cost no where near that amount. Still doesn't make it acceptable for a price increase like that.

The other free packages that brokers offer do not have the features that the broker-offered SierraChart had.
Depending on your trading style, you might be able to use one of the other free packages.
But if you require the features that Sierra Chart has, it's still a bargain to pay less per month than you would for comparable features of other platforms.

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  #17 (permalink)
Chicago, IL
 
Experience: None
Platform: oil super computer
Trading: multiple
 
Posts: 261 since Jun 2011
Thanks: 791 given, 381 received

I'm sure they did it because the pickup of demand for the product. They believe they have a great product and are pricing it where they think is most beneficial to their company. Sure they may lose a few subs but in the long run they will come out ahead.

The AMP deal was good for them to build a user base and introduce people to the platform but at some point unless AMP is subsidizing the free or discounted plans then the deal becomes kinda one sided.

Compare it to Netflix, they started at a relatively cheap price then through studies and price discovery they have raised the rates because all data so far has shown people will pay it.
Rexz View Post
You are forgetting that most people receive packages through brokers that cost no where near that amount. Still doesn't make it acceptable for a price increase like that.

Sent using the futures.io mobile app

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  #18 (permalink)
United Kingdom
 
Experience: Intermediate
Platform: Sierra Charts
Trading: NQ
 
Posts: 14 since Jun 2014
Thanks: 0 given, 3 received


tomgilb View Post
The other free packages that brokers offer do not have the features that the broker-offered SierraChart had.
Depending on your trading style, you might be able to use one of the other free packages.
But if you require the features that Sierra Chart has, it's still a bargain to pay less per month than you would for comparable features of other platforms.

That's not true. For example, AMP offered the package 3 or 5 which were exactly the same as the packages Sierra offered via their website but at a heavily reduced price (package 3 was free and package 5 was $25).

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  #19 (permalink)
Nashville TN USA
 
Experience: Advanced
Platform: SierraChart
Broker: Sierra Futures/SC Denali
Trading: NQ ES YM
 
Posts: 417 since Nov 2009
Thanks: 167 given, 512 received


Quoting 
AMP offered the package 3 or 5 which were exactly the same as the packages Sierra offered via their website

This is true.

Quoting 
The other free packages that brokers offer do not have the features that the broker-offered SierraChart had.

This is also true.

You were getting an extreme bargain when AMP offered Sierra Chart, and you are still getting a great bargain when paying directly.

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