Support Board
Date/Time: Tue, 26 Nov 2024 11:30:57 +0000
New user needs help
View Count: 661
| [2023-12-12 23:33:35] |
| User209431 - Posts: 108 |
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Hi, I have many basic questions which I am confused on. 1) I trade US equities. Do I still need a broker (I use IB currently) 2) Do I need a data plan or just use IB? I sort of hate IB and historical tick data limitations, so what would the cost be to add live streaming data for US equities which supports historical tick data and replay? 3) With chart trader: Can it position size for me to the size of my account? Can I tell it to trade 25K of my 50k account. Place an entry at $10 and it calculate my shares or is there an indicator or method that can do this? Can I attach stop loss order for hardstops? Either say a $100 hardstop or a % hardstop? Is there auto breakeven capabilities? 4) I have a few very basic indicators I programmed for when I traded with Ninjatrader. How can I get them converted to Sierra charts? Is there any basic coding builders? I am looking to add orderflow footprints to my trading (that is what is motivating this) also, I am just returning to trading after a 5 year break. The main question I have though really is the costs. It looks like if IB data can be used costs are about 26-36 per month? If I wanted an upgrade from IB data for US equities what costs would be added? Thank you |
| [2023-12-13 14:04:39] |
| User209431 - Posts: 108 |
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Just need to know cost to move forward here.
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| [2023-12-13 16:38:55] |
| John - SC Support - Posts: 36286 |
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1) You do not need a broker to get the data from us. 2) You can get the data from us and trade with Interactive Brokers. The cost for the U.S. Equities Consolidated Tape exchange is $10.00 per month (paid on a calendar month basis) 3) There is not a built-in way to do this. You could create a custom study to do this. Refer to the information here: Advanced Custom Study Interface and Language (ACSIL) Or for a list of programmers, refer to the following: List of Third Party Sierra Chart Study and System Programmers 4) Our custom study language is C++ and the information is at the links given above. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2023-12-13 17:01:26] |
| User209431 - Posts: 108 |
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Thank you for the help, So for the basic charting, running your data and trading through IB is gonna cost $36 a month? For the advanced package it looks like it adds order flow footprint studies? If I do not upgrade the package can I still install and use orderflow footprint tools? on number 3 and take it for what it is worth- I find it literally insane that all these top day trading software have yet to implement a basic position sizing. You know who has it? Interactive Brokers, not Ninjtrader or you guys? I Mean this is such a necessary tool for day traders and so dahm simple it is frustrating to not have. It is just account size / share price. I know your gonna say well its so simple just do the math. The math takes time. The number of trades I missed in my time trading on Ninjatrader in volatile situations all because I see a trade and I am opening a calculator , doing my math and typing in my lot size. When I should just be able to say "I am trading 25K and when I select my entry price it divides that by my account size and gives me my position size. I have looked and see over the years from Google search this has come up over and over again. Seems SO simple. Anyway, I appreciate the help. I became an okay NT programmer for what I need. Not sure if I will be able to get the few basic indicators I require to trade into this program. Is there any kind of a script builder tool? A place I can post some code and hopefully someone can make it work for me? It is basically a simple higher low after (or lower high for shorts) thta plots a line above the candle. Thanks for the help, I will have quite a few questions and need some help over the next few days to see if I can make this work form me. |
| [2023-12-13 17:14:23] |
| User209431 - Posts: 108 |
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Also, is there a way to attach a "hard stop"? An attached stop that is always set to $100 loss regardless of entry price? |
| [2023-12-13 17:52:14] |
| John - SC Support - Posts: 36286 |
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So for the basic charting, running your data and trading through IB is gonna cost $36 a month? For the advanced package it looks like it adds order flow footprint studies? If I do not upgrade the package can I still install and use orderflow footprint tools?
In order to use the Numbers Bars (footprints) you need to be on one of the "Advanced" packages. It sounds like you would need to be on the "Integrated Advanced" package (Package 11), which costs $46.00 per monhth. on number 3 and take it for what it is worth- I find it literally insane that all these top day trading software have yet to implement a basic position sizing. You know who has it? Interactive Brokers, not Ninjtrader or you guys? I Mean this is such a necessary tool for day traders and so dahm simple it is frustrating to not have.
We have a million things to do, and getting an accurate balance from trading services is more difficult than it seems. Refer to the information here: Trading Information Windows: Trade Account Monitor (Account Balances) Window Anyway, I appreciate the help. I became an okay NT programmer for what I need. Not sure if I will be able to get the few basic indicators I require to trade into this program. Is there any kind of a script builder tool? A place I can post some code and hopefully someone can make it work for me? It is basically a simple higher low after (or lower high for shorts) thta plots a line above the candle.
Our custom studies interface uses C++ and the information starts at the following link: Advanced Custom Study Interface and Language (ACSIL): Introduction You may be interested in the "Color Bar Based on Alert Condition" where the Alert Condition can give you some power without having to learn C++. Refer to the following: Color Bar Based on Alert Condition And there is also our Spreadsheet Studies: Overview of Spreadsheet Studies You can always post in this Support Board forum and ask for help from the community. There are a few programmers that monitor that may help you out, or offer to create what you want (for a price). Also, is there a way to attach a "hard stop"?
An attached stop that is always set to $100 loss regardless of entry price? Refer to the following: Attached Orders: Step-By-Step Instructions For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2023-12-13 18:16:14] |
| User209431 - Posts: 108 |
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The bar color change and background change will probably work great for most all I do. Thank you. I realize you guys are busy. It is just literally the only thing IB and TWS does correct and probably the only thing I like out of their trading platform honestly. But is works, it works well and for daytrading is extremely important. I did find a for sale indicator for NT that did the position sizing, hopefully I can find it for SC. I will look over attached stop loss stuff now and sure I will have a question. It is one of the last important pieces I need. |
| [2023-12-13 18:37:02] |
| User209431 - Posts: 108 |
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I put this into the color bar alter condition but nothing happens. =OR(SG1 > 0, SG2 > 0, SG1[-1] > 0, SG2[-1] > 0, SG1[-2] > 0, SG2[-2] > 0, SG1[-3] > 0, SG2[-3] > 0) |
| [2023-12-13 18:53:58] |
| John - SC Support - Posts: 36286 |
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You need to define the study that the subgraphs are associated with. The format is IDx.SGy, where x is the ID of the study and y is the particular subgraph within that study. The Main Price Graph can be referenced using ID0 where the following match up: SG1 - Open SG2 - High SG3 - Low SG4 - Close/Last You can also reference the main price graph using shortcuts of "O" (Open), "H" (High), "L" (Low), and "C" (Close). For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2023-12-13 18:58:06] |
| User209431 - Posts: 108 |
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Where do I define it? In the alert condition snippet? TIA |
| [2023-12-13 19:01:50] |
| User209431 - Posts: 108 |
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Can I use code snippet like this in the alert conditions? (sc.Low[i - 1] <= sc.Low[i - 2] && sc.High[i - 1] <= sc.High[i - 2] && sc.Low[i - 1] <= sc.Low[i])
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| [2023-12-13 19:17:33] |
| John - SC Support - Posts: 36286 |
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The information for Alerts is at the following link: Study/Chart Alerts And Scanning Do not confuse the Alert syntax with the Spreadsheet Syntax with ACSIL syntax, they are all a bit different, although Alerts and Spreadsheets share a lot of common functions. In the "Color Bar Based on Alert condition", if you want the current bar to change color for the given alert you want to setup, the condition would be the following: =AND(L[-1] <= L[-2], H[-1] <= H[-2], L[-1] <= L) For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2023-12-13 19:18:22] |
| User209431 - Posts: 108 |
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I guess I do not understand how to add && commands.
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| [2023-12-13 19:23:43] |
| User209431 - Posts: 108 |
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Okay, that worked and is what I need. Can you explain AND to me? Is it saying that all commas in the code are AND commands? Also, previous bars are all negative values? Thank you for working this out with me. Between this and the attached stoploss is the bulk of what I need. |
| [2023-12-13 19:42:47] |
| User209431 - Posts: 108 |
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One more question on this. I am sure it is possible but not sure how difficult or probably not possible in the color bars alter conditions. Is it possible , once the conditions are true to have a line put over the previous bars high instead of a bar color change? |
| [2023-12-13 20:03:58] |
| User209431 - Posts: 108 |
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Also, how do I compile or run a .dll study custom indicator?
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| [2023-12-13 20:25:17] |
| User209431 - Posts: 108 |
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I just don't get it. I follow the instructions. I extract the dll file from the zip. I put it in the "Data" folder. I start SC and it is not in "Studies" as it should be. What could I possible be missing? |
| [2023-12-13 20:37:34] |
| User209431 - Posts: 108 |
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Also having problems loading stock charts. Using gthe "find symbols" typing it in and hitting open intraday chart and just a black screen with no candles.
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| [2023-12-13 21:34:23] |
| John - SC Support - Posts: 36286 |
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Okay, that worked and is what I need. Can you explain AND to me? Is it saying that all commas in the code are AND commands?
Also, previous bars are all negative values? For the AND() function, each item between commas is evaluated and all of them must be TRUE for the AND() function to return a TRUE value. Refer to the information here: https://www.sierrachart.com/index.php?page=doc/SpreadsheetFunctions.html#AND_Function There is also an OR() function that works the same way, but only one item needs to be TRUE for the OR() function to return a TRUE value. And yes, references to previous bars are negative values. There is a Pullback Column in the Numbers Bars study that would be the only time a +1 value would be used. Also, how do I compile or run a .dll study custom indicator?
Refer to the following: How to Build an Advanced Custom Study from Source Code I just don't get it. I follow the instructions. I extract the dll file from the zip. I put it in the "Data" folder. I start SC and it is not in "Studies" as it should be.
What could I possible be missing? Since this is a Custom Study, it is not going to be in the main list of Sierra Chart studies. To open this kind of study, follow the instructions here: How to Use an Advanced Custom Study or a Study Collection: How to Use an Advanced Custom Study Provided To You Also having problems loading stock charts. Using gthe "find symbols" typing it in and hitting open intraday chart and just a black screen with no candles.
You were on a regular trial, which limits the data you have access to and what you can do with the system. We have Activated the trial for your account, so you can now open charts for any symbol for which we have data. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2023-12-13 21:55:34] |
| User209431 - Posts: 108 |
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Thanks so much John! I thought I was losing my mind for a second. I sort of could not have picked a worst time to do all thjis so just bear with me. Thanks for the help and patience. |
| [2023-12-13 22:07:53] |
| User584084 - Posts: 262 |
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User209431, If you need a position sizer, you can look here to see if these meet your requirements. https://polaristradinggroup.com/products-page/indicators/position-sizer-reward-risk-tool/ ATR Bot: https://store.trade29.com/ Date Time Of Last Edit: 2023-12-13 22:16:55
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| [2023-12-13 22:19:21] |
| User209431 - Posts: 108 |
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Okay, I think I got everything fixed that was giving me headaches for now. Thanks for helping me out today.
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| [2023-12-13 22:25:19] |
| User209431 - Posts: 108 |
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Man that position sizer looks to be just what I need but $500? Little steep for me honesty. Good to know it is out there though and thanks for the help!
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| [2023-12-13 22:53:30] |
| John - SC Support - Posts: 36286 |
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The Position Sizer got us thinking, and there are a couple of tools that can help you with this, although it is not perfect. The "Chart Calculator" and "Reward/Risk" tools both have Currency Values that you can view which use the entered Quantity for the chart for the Currency Value. So you could use these and adjust your quantity to find a value close to what you want and then your quantity will already be set. Refer to the following for how to use these tools: Chart Drawing Tools: Chart Calculator Chart Drawing Tools: Reward/Risk For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2023-12-13 23:41:10] |
| User209431 - Posts: 108 |
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Great news, let me play around. Honestly it is crazy how difficult it is to find. The more amazing thing is that IB TWS has it and it works lol.
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