Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
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 for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Fundamentally, you can access ZenFire servers/accounts with the Rithmic API, because ZenFire is built on top of Rithmic. I have done this with my Zen account using the Rithmic API (you need the correct connection strings).
That being said, I am not sure that SC supports this. I am sure the ZenFire brokers would rather you connect via the ZenFire API, not the Rithmic API. Supporting both APIs should not be an issue long term for SC. I will give them a shout and see what they say.
Velocity Futures has listed SC on their website Sierra Chart | Velocity Futures with no platform fee, don't know if this means that they give u SC for free, and if it's so what package?
Maybe @Dale Box could clarify this.
Thanks.
This is for programmers, especially for those who develops bid/ask studies, and custom charts, like @gomi, @timmyb, @Zondor, @aslan, to name a few, take a look here Sierra Chart - Definitions of Advanced Custom Study Interface Members and see the possibilities that SC gives.
I know that changing platform and program language means re-start from zero, but maybe if this can resolve a lot of problem due to the actual limitation of NT, it's worth it, give it a thought.
Just found out from my Velocity Rep (Dale Box) that Velocity is adding Sierra Chart to their line up and it will be "free" (bundled in commission), like NinjaTrader, X_Trader etc etc.
The commission structure will be up on the website soon …
I would say it's great news for any Sierra user. Looks like they still don't have the commission rates up on the site yet, but he said cheaper than NinjaTrader so it sounds like it will be competitive.
I am making the jump to Sierra Charts, as I like what I have seen and have been able to do everything that I currently do on my other screens. I still have my old platform up and running until I get used to the chart trader, but eventually that will go away. I have been very pleased with SC support: very fast, knowledgeable, and they listen and converse.
There are a couple of items that need some improvement over time though:
First, the way multiple feeds are supported needs to be more like MultiCharts, in that a single instance of the program should be able to handle different concurrent feeds (especially for historical and live data, for example, use IQ for backfill and Rithmic for live data). You can do this today, but you have to run multiple instances of SC. It works, but is a bit clumsy.
Second, backtesting, optimizing, and performance reporting seems to be way behind programs like MultiCharts. Might be worth having another program to do this sort of thing, and just use SC to do the day to day trading.
Above, I compare to MC, why not use it? I think it is another good option, but the basic user will be using EasyLanguage. I really wanted to write lower level code, and I have been very happy with SC in this regard. You can write DLL code for MC as well, but I just never got that warm fuzzy feeling with MC.
There is something very peaceful knowing that I no longer need Ninja.
Wow, I could have written almost every word of your post myself. With Sierra Charts, from a programming perspective, the answer always seems to be "Yes!". With Ninjatrader there always seems to be something getting in the way.
I am still toying with Multi Charts, but you are right, Easy Language just isnt powerful enough and if I was ever going to distribute any systems or indicators I would never trust their password security on the MC scripts. I would go down the route of using C++ to do the heavy lifting, but I keep coming back to why bother when you have Sierra Charts.
MC 7 looks like it will have some good new features but it is very unclear about when it will be released to market and it is still Easy language, of course.
Sierra Charts are working on this, apparently and will release it in about three months. I wish they would do something to improve the back test stats as this lets it down, but you've said that already!
I just talked to Velocity and they offered me package 3 since I'm an existing user.
If I want to upgrade to package 5 in the future, there will be a volume requirement, maybe.
If I need specialized support that Sierra charges for, they will either debit my trading account or possibly set up a direct payment option to Sierra.
They seem to still be working out the details.
Commissions are still the same as shown on the FIX tab. ($3.60 RT for ES)
You don't have to use Velocity's Sierra package. You can still keep your Sierra subscription in your own name if you want.