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Direct MessagesDate/Time: Sat, 18 May 2024 06:48:15 +0000
TopStepTrader & Sierra-Chart
View Count: 2878
| [2020-01-29 15:37:27] |
| bounty007 - Posts: 6 |
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Hello dear Sierra-Chart Team I was about to open an account with TopStepTrader. This is no longer possible from now on. TopStepTrader just informed me. What should I do now? Is there a solution for this problem or can I never trade with Sierra Chart via TopStepTrader again? What exactly are the problems Sierra-Chart has with TopStepTrader, why Sierra-Chart of all things does not work anymore? I am a huge fan of Sierra Chart, but I need Sierra Chart with TopStepTrader. Please help me. Date Time Of Last Edit: 2020-01-30 09:09:38
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| [2020-01-29 18:06:40] |
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We have restored Top Step Trader support for now but it will be removed later in the year. There is more information about this here: Feedback Requested: Trading Evaluators (Top Step Trader etc.) What is it that you get from Top Step Trader that you cannot with this service: Simulated Futures Trading Service Realistically, would you be getting a funded trading account from Top Step Trader? And why not just simply trade the micro contracts through the CME as one person mentioned in that thread, as an alternative. And of course we have said that we are going to work on an option to be able to publicly publish trading activity from simulated accounts through our simulator futures trading service. So until everything is done on our side we are not going to remove support. But we are not happy with the technical issues. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [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. |
| [2020-01-30 20:08:44] |
| Sierra_Chart Engineering - Posts: 14423 |
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This is not making sense to us: You can get this protection with TopStepTrader. It is not clear what protection are you referring to.Are you trading live with top step trader? Or just simulated? For protection you can use Attached Orders: Attached Orders On the CME a stop order does have a very small potential of not filling due to the fact that is converted to a Stop-Limit order by the exchange: Order Types: Stop Orders on the CME But this would be a rare scenario. However, there is also this functionality: Global Profit/Loss Management And in our simulated environment there is also support for a daily loss limit which we can set up for you on request : Simulated Futures Trading Service And we plan to extend that functionality to our live order routing service: Sierra Chart / Trading Technologies Futures Order Routing Service Sierra Chart is now also a full provider of market data feeds and order routing . There simply is no need to be using CTS, CQG, Rithmic any longer. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
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