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Sierra Charts gained its popularity by allowing a multitude of different connections to data providers/routing. Unfortunately, like what happened to Ninjatrader, they are beginning to shut all that down and create their own order routing and data service. It's obviously totally in their discretion of how they handle business practices going forwards, similarly to how they handle their "support". I don't think that this is to any benefit of the customers using their platform. Currently I see their direction of business to eventually remove any 3rd party connection and to lock down the software to their own feed and order routing service. Whether this is beneficial or not I don't really know, although prices are more expensive using these rather than something like CQG depending on contracts traded.
I know Teton financial services who now receives my money when I pay sierra chart is obviously handling the books ( who has now just been taken over by First Western Financial, Inc). Maybe something happened last January when all this started. Who knows....
That is unfortunately correct . I have been told 7 days ago , the morning for the morning of the same day that they had broken their contract with Barchart thus my data feed was shot down the same morning after 9 years without problems using their Sierra Chart Real-Time and Historical Exchange Data Feed !! Btw i have discovered that CQG was the final provider behind BarChart that they had chosen !! Never seen something so unprofessional in my whole career! They proposed me to subscribe to IQfeed but when i have asked them if they were going to support IQfeed for a long well i am still waiting for their answer...!
So i don't recommend to go with Sierra Chart for a third party connection. It is Teuton or nothing ! its not worth learning their software for such a versatile business strategy except if you only trade US and Eurex futures.
But i am happy that my trading activity don't rely on them , they are too strange people .
The software is very good . It provides very strong short term analysis tools, It is not expensive at all but you can't trade many kind of financial products. that is a strong limitation for me.
However, i strongly believe there are no causal links between short term analysis tools and profitability . You can not "paternalyse" noise even if sometime you could use some edge on very short term. Once again the best programmers don't make a profitable trader !
When I first started with AMP Futures I tried a few of the "free" charting packages , and settled on Sierra Chart.
At that time it was costing me $5 a month - which was for exchange fees I think.
Now it's costing me about $36 a month , so over 600% increase in monthly costs, and I just signed up for EUREX data for an extra $25.
Still , it's a really good charting package.
If you're a Sierra user, perhaps using IB or AMP like me, then you might be up for a 38% price rise next month (I just use package 3 as I'm a simple PA trader).
I love SierraChart!
Where else can you get software and a show for $36 a month? Give these guys a mic and a stage- and you have yourself a great late night comedy.
No- but in all seriousness I would pay $36 a month just to read their forum comments. The fantastic software is just a bonus
Broker: Interactive Brokers & Taiwan local brokers & AMP Futures
Trading: Stocks, Commodity & Index Futures
Posts: 117 since Jan 2017
Thanks Given: 135
Thanks Received: 100
Honestly, this is not the first time they raise the price.
In the beginning, they limit CQG historical tick data from 30 days to 5 days for promoting their Denali data feed, https://www.sierrachart.com/SupportBoard.php?ThreadID=63670
So if you need more historical tick data, you should pay extra 20 dollars(this was if you use TT order route, otherwise it was 25 dollars extra), and now it is 10 dollars including in package 10 11 12.
Although I am not surprised they raise the price , guess what surprising me?
I am shocked that there have some traders, they think or they agree the view of "If Sierra Chart increased their price 500%- what they offer would still be under priced."
