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Looking for broker supporting Sierra Chart Teton Futures Order Routing
Absence of not offering Sierra Chart Teton Futures Order Routing, I am not completely satisfied with AMP services. I am disturbed by following points:
- Incomprehensible Trading Statement
- Weak Customer Service Platform
- Insufficient tools to implement risk management limits at broker level (daily risk limit, max. number of contracts) + difficult to monitor risk limits --> Actually you have to chat with customer help desk in order to implement limits.
My desired broker would offer following services:
- Clear and easy to understand Trading Statement
- wide variety of risk managment tools, which can be implemented at a broker level comparable to tools prop firms use (daily risk limit, daily draw down limit, max. number of contracts per ticker, ...) + comfortable way to implement and monitor risk limits.
Who can say anything about those dersired services offered by following brokers (which offer SC Teton):
I'm using Stage 5 Introducing Broker with Advantage Futures Clearing Firm. Excellent combination supporting Denali data and Teton order routing for Sierra Charts.
I'm using Stage 5 Introducing Broker with Advantage Futures Clearing Firm. Excellent combination of Denali data and Teton order routing for Sierra Charts.
I found internal Sierra Chart risk management useful:
- Global Profit/Loss Management
- Symbol settings: Global Position Limit and per symbol Trade Position/Order Quantity Limit.
Sure, one must refrain from giving in to the urge to unlock these settings during the session: this is the weak point of a client-side risk management device.
However these settings are cumbersome to unlock; this can give the opportunity to step back and ask am I really doing this ? Or should I better call it a day ?
Just my 2 cents.
Happy trading
The following 4 users say Thank You to jmcli for this post:
the main benefit of broker or exchange level risk management is in the event of client system failures, you have a level of guarantee your active order won't be exposed to unlimited risk.
But truth is - as Arch said - in order to really avoid tail risk (either technically or human behavioral based), broker or exchange level risk management increases your level savety dramatically. therefore I am looking for the best available broker based solution for retail clients...
