Support Board
Date/Time: Tue, 04 Feb 2025 16:41:25 +0000
Post From: TopStepTrader & Sierra-Chart
| [2020-01-30 12:41:19] |
| bounty007 - Posts: 6 |
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Thank you very much. Like I said, I love Sierra Chart. You guys are doing a great job. :-) Everything said in this thread is correct. I understand the problem what Sierra Chart has with Rithmic. So far so good. Feedback Requested: Trading Evaluators (Top Step Trader etc.) I was writing with TopStepTrader earlier. TopStepTrader says, You would just need to input your trades on TSTrader or another support platform. However, you can use Sierra chart for their signals. Of course you can do that as well, but it is a bit cumbersome. Or do you have an idea for that? I only have one problem. I need protection for downstairs. With TopStepTrader I was able to trade 15 ES contracts and I didn't have to live with the fear of losing $2'250'000 (15x150'000) in the worst case. Remember that 1 ES contract is about $150,000 & a 1 mini ES contract is $15,000. Also $15,000 is a lot of money in a mini ES contract. At 15 mini ES contracts would it 225,000. If the stop loss does not work, as it did when the Swiss National Bank cancelled the Swiss Euro minimum exchange rate in year 2015, you have a problem. The stop-loss was not triggered because the course fell too fast it happened too fast and there was not enough liquidity (the stop-loss was only executed at -30%). Or if the system crashes on the stock exchange or something like that. Anything is possible on the stock exchange. I as a private trader cannot afford such losses. A bank can. You can get this protection with TopStepTrader. You stay in the game. Many traders don't realize that they move $150.000 in one contract. If the price drops by 20% you lose $30'000 or even more, in the worst case $150'000. I don't want to spread panic here. Can't you just offer another data feed about TopStepTrader? CTS or CQG or something? Do you understand my problem? I'd rather pay a little more ($375 per month). For this, I don’t have that big risk. I don't want to get rich but a regular small income. But certainly not with a huge risk. Like I said before, I love Sierra Chart. You do a great job. :-) Of course I could also buy an option to hedge, but here I want to trade futures. |