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Has anyone transitioned from Sierra to jigsaw and vice versa? I’m in two minds about continuing to use Sierra. Once you pay for all the data feeds it gets quite pricey. Are there data feeds in addition to jigsaw ? The basic is £579 or so… is there additional cost after this for CME,CBOT and Eurex etc?
Yes Mark, you will need to get a data feed to use Jigsaw (daytrader).
There are few options available.
You can get data feed like Kinetick or IQfeed or any other that listed on the from page of Jigsaw trading site.
You can open Ninja Trader account and get Data from them. If you execute X amount of trades per months the data feed will be free.
Another option is to wait for ApexFunding 80% live discount and subscribe for it. That way you get your Rithmic data for $40 dol.
My answer is based on the experience of a few people I know who have transitioned from one to the other. You are probably going to be better off with sierra. Their datafeed is probably the best out there (especially compared to rithmic or cqg), and thanks to that you can capture a few nuances that I've never noticed on jigsaw, like when the market goes bid for a brief moment and sellers push it back down in a matter of milliseconds. You don't see the bid ask change but you see this happen on the recent trades column, and you don't see it happen as often on jigsaw.
Sierra Chart and Jigsaw are two different animals. I use them both, and I know of traders much more advanced than myself who do likewise. Sierra Chart is the Swiss army knife of trading platforms with extensive, highly developed charting capabilities; Jigsaw has a deep focus on the DOM and tape along with with an integrated heat map that sets the standard for order flow centered trading.
Another perspective for comparison is customizability vs. ease of use: while Jigsaw is ready to go out of the box, being mostly self-tuning with a relatively small number of settings to tweak, SC is a science project with a steep learning curve (I've had it for years and I'm still figuring it out). Although you can get SC to do everything, you need to spend a good deal of time to get it to do anything (unless you happen to be a software engineer).
Regarding data: the Denali data feed and Teton order routing are included with the SC subscription; Jigsaw requires a third party (I'm using Rithmic currently). Although both SC and Jigsaw support free sim trading, once you go live with Jigsaw they hit you with a $50/month fee to trade from the DOM.
My opinion: if order flow is your thing, Jigsaw is the way to go; for superior charting, it's Sierra Chart.
I decided to give jigsaw a go. I’m very interested in trading off dom only these days and it seems far superior for dom trading than sierra. When I asked Sierra about small nuances I was unable to make the changes required to mirror jigsaw exactly. These nuances in my opinion were fairly important.
