Support Board
Date/Time: Fri, 28 Feb 2025 13:41:21 +0000
Cross Trade, Cross Trading, and Order Management
View Count: 8790
| [2021-01-30 03:57:18] |
| NG1980 - Posts: 40 |
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Bookmap 7.2 is going to support something called "Cross Trading" Basically, the user can use a Rithmic datafeed for analysis and charting, but when they place a trade it uses whatever datafeed the broker provides. I think this would be a great solution for Sierra Chart. I would love to look at Denali Data and all the things members create for MBO data, but when I place a trade, my broker only allows CQG for third party connections, so my orders would be sent to the CQG feed from my broker. Also, Bookmap has the slickest order management feature that I wish Sierra Chart could support. It's in this 5min video from the Bookmap Channel on Youtube https://www.youtube.com/watch?v=JtZzAt3d-P4 |
| [2021-01-30 09:49:49] |
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Sierra Chart has supported this for about 8 years now. You can use the Denali Exchange Data Feed with any Trading Service. Refer to: Real-Time Exchange Data Feeds Available From Sierra Chart: Integration with Trading Services It just surprises us, how this is just so well-documented but yet goes unrecognized by some. 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 Date Time Of Last Edit: 2021-01-30 09:50:45
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| [2021-01-30 10:13:49] |
| Ackin - Posts: 1865 |
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Off Topic It just surprises us, how this is just so well-documented but yet goes unrecognized by some.
You have excellent documentation but people who are newcomers don't have a chance to find anything. Many questions are constantly repeated here on the forum because if you do not know exactly how to enter a phrase in "search" (exact name) then it is difficult to find. A tooltip/bubble help or choosing auto-complete text would be very helpful for them. I've been using Sierrachart for ten years, I know 90 percent of the topics or where to find them. For others, SC documentation is hardcore. This is written everywhere in discussions on FB, Twitter and discussion forums. |
| [2021-01-30 16:05:58] |
| NG1980 - Posts: 40 |
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It's badly marketted and communicated as a feature. I've used the Denali + TT order routing though AMP before, so I thought that's what is needed in order to view denali data and send my orders through a different datafeed, OR I thought I had to send an application form to my FCM and get things to work that way. Just to make sure I understand this... -I connect to my broker's data feed in Data/Trade Settings -I check the "Allow Support for Sierra Charts Data Feeds" -I then simply load the Denali Symbol for a DOM??? (I don't want to 'translate' symbols) |
| [2021-01-30 18:46:23] |
| user_xyz - Posts: 448 |
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Bookmap has the slickest order management feature that I wish Sierra Chart could support.
A few platforms offer that really slick <single> interface for cross broker, multi feed, multi symbol trading. Depending on the data feed, broker combination you most likely will end up with multiple copies of SC, which while supported it's inefficient, wasteful of desktop real estate (two trading DOM's, two quoteboards etc) and difficult to setup. surprises us, how this is just so well-documented but yet goes unrecognized by some.
As a relatively new SC customer running a more than entry level setup (cross trading across two brokers, multiple data feeds and 5 accounts), SC documentation is well-documented but that doesn't always translate to easy to follow or setup. Sometimes I find errors or confusing language in the manual that makes setup tedious, often spending hours or days trying to work through something. 95% of customers will not spend that time they will give up, or immediately fire-off a support tickets (which I see a tons of for the simplest, most basic, and well documented features). Understandably documentation truly is an art, very difficult and not that fun to do.For others, SC documentation is hardcore. This is written everywhere in discussions on FB, Twitter and discussion forums
I was nervous about moving to SC because the vitriol on discussions groups is strong and I researched all platforms for months. After switching to SC, my suspicion is the majority of those comments are retail (not a negative term.) Just traders that are use to a simple install and start trading type of setup --> SC is not this, it's advanced and in many cases takes a long time to configure and requires a lot of technical knowledge to do so. With that said comes all the amazing features that SC has that many others do not... NOTE TO SC: I often read through the forum posts and try to help others out where I can. Hopefully answering a few questions helps reduce time for you all to continue developing SC rather than answering support posts. Cheers Chris Date Time Of Last Edit: 2021-01-31 04:43:57
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| [2021-01-31 00:15:59] |
| NG1980 - Posts: 40 |
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I’ve used SC for a couple years now but I’ve never figured out how to send one trade to multiple accounts.
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| [2021-01-31 04:39:53] |
| user_xyz - Posts: 448 |
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I’ve used SC for a couple years now but I’ve never figured out how to send one trade to multiple accounts.
I'm pretty sure you can't. I'm not sure of the % of users that access multiple accounts with SC but if it's low then probably not worth the development effort to really streamline it. If it's high then maybe so?I'm using SC to trade across two brokers (AMP & IB) and 4 accounts, guessing that is not the norm? The ability to have one copy of SC sending orders across multiple brokers and accounts from a single Trade DOM would be incredible. |
| [2021-01-31 05:24:14] |
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There is the ability to send an order to multiple accounts if they are all on the same connected service: Order Allocation to Trade Accounts 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 Date Time Of Last Edit: 2021-01-31 05:24:28
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| [2021-02-02 16:16:02] |
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It's badly marketted and communicated as a feature. Not true. Make a broker badly marketed it. Not us.Refer to: Denali Exchange Data Feed: Introduction Just to make sure I understand this...
Refer to:-I connect to my broker's data feed in Data/Trade Settings -I check the "Allow Support for Sierra Charts Data Feeds" -I then simply load the Denali Symbol for a DOM??? (I don't want to 'translate' symbols) Denali Exchange Data Feed: *Setup Instructions: CME/CBOT/NYMEX/COMEX Exchanges* SC is not this, it's advanced and in many cases takes a long time and requires a lot of technical knowledge to do so. Sometimes we hear this, but this really is just not true at all. A long time for what? What technical knowledge? None of this makes any sense.The following instructions here does not take a long time: Getting Started, Opening Charts and Basic Trading Sierra Chart is very simple with is basic operation. Sometimes I find errors or confusing language Where?
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 Date Time Of Last Edit: 2021-02-02 16:20:56
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| [2021-02-02 16:44:29] |
| NG1980 - Posts: 40 |
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To be fair, I was confused (original poster) about the Sierra Chart feature. I thought in order to see Denali data and trade, I had to send an application to my FCM or switch my amp account to Denali+TT (I did both and eventually got it working) but the article implies all I needed to do was pay for Denali data, check a box in the data settings, load my EXISTING broker feed, and type in a Denali symbol on my chart this whole time. Actually after reading a prior response it does seem like that’s the case. If it is then I would point to bookmap’s implementation as the suggestion because there is a lot less setup. Features bookmap has that would be nice is the ability to connect to more than one datafeed at a time. Each workspace (like a chartbook) in bookmap can connect to a different datafeed. This is how I suspect they are accomplishing their cross trade feature. You connect to both datafeeds and choose which one you see and which one your order is sent to. You can connect to as many data feeds as you want in bookmap, which allows for trading as many accounts as you want in one instance of the application. I could see this iterate into a version where placing an order on one chart sends it to multiple different accounts with different brokers. Also the new order management really is clever. You can drag a stop over another stop and after a second they form a combined stop. You can expand a combined stop and break off any or all of the original stop orders. There’s almost something like that in SC with scale-in / scale-out mode? I’ll add that it would be nice to convert an existing stop into a trailing stop or other type of stop. On the communication front, SC seems to be heavy on the engineering and lite on the sales and marketing. As a user I appreciate that and believe it’s the best software of its kind around. From a business perspective though, some digital marketing and brand messaging would go a long way to moving SC to the top software spot it deserves. I continue to recommend it to my FB Futures group of 3,000+ members. Date Time Of Last Edit: 2021-02-02 16:52:20
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| [2021-02-07 05:39:08] |
| NG1980 - Posts: 40 |
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one reason I never realized SierraChart data was subsidizing the CQG or Rithmic data in the past was that the symbol I saw on my screen was a CQG or Rithmic symbol and the only thing that let me know I was using any other data was a cryptic [M]? I only just now figured that part out. So one suggestion I would make is that when using the Denali Feed SHOW A DENALI SYMBOL and then have something like an [R] at the end of the symbol to indicate that orders are 'routed' or something? Currently it translates symbols to match the broker feed, but this is another area where using the denali feed could shine. users with multiple accounts could just know to use Denali symbols and the software would work its magic in the background. I for one hate CQG symbols and would rather use Denali symbols if only for aesthetic preference. |
| [2021-08-16 22:56:51] |
| Ankh - Posts: 5 |
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There is the ability to send an order to multiple accounts if they are all on the same connected service:
Order Allocation to Trade Accounts Here is the Link to this post: Cross Trade, Cross Trading, and Order Management Can you please provide some examples of how you would set this up for live trading accounts other than Sim? A few examples would be immensely helpful and then I can take it from there. For example, 1) Let's say I wanted to send the trade to my Ninja, AMP, AGN and Phillips (or Dorman) accounts - is that possible? 2) Do they all need to be on the same Order Routing platform (e.g. TT, Rithmic, CQG, etc.)? 2) If a couple are using Rithmic, one is using TT and another is using CQG is it still possible - please provide an example. Date Time Of Last Edit: 2021-08-16 22:57:48
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| [2021-08-17 13:21:33] |
| John - SC Support - Posts: 38259 |
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It all comes down to whether the accounts are available under the same login or not. If you can use a single login and access multiple accounts, then those multiple accounts will be available within the instance of Sierra Chart that is connected to that login. As such, you will have the ability to use the Order Allocation to Trade Accounts.
For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2021-08-23 04:18:19] |
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. You can expand a combined stop and break off any or all of the original stop orders. This is supported:Order Types: Remove Link Between Stop Attached Orders 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 |
| [2021-08-23 04:21:47] |
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I could see this iterate into a version where placing an order on one chart sends it to multiple different accounts with different brokers
This is supported through the Sierra Chart Order Routing Service:Sierra Chart / Trading Technologies Futures Order Routing Service And by using this feature: Order Allocation to Trade Accounts and type in a Denali symbol No, you just use the trading service specific symbols.
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 Date Time Of Last Edit: 2021-08-23 04:24:23
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