Support Board
Date/Time: Thu, 21 Nov 2024 17:25:04 +0000
[User Discussion] - Click/No Code Strategy Builder, Algo Portfolio Composer plugin for Sierra Chart
View Count: 1493
| [2024-05-19 21:04:55] |
| OctoPi - Posts: 37 |
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Hello Sierra Chart population, Just wanted to make a quick intro for some tools we finally made ready for public. If you are into automating your strategies and/or looking for an easy no-code/low-code way to create portfolio of algos & analyze results, then read on. Without restating too much of the above, I'll outline how it works so you can better understand the framework: * All chart data, including standard or custom studies with their respective SG# are read in to an Out-of-Sierra point and click strategy bulder. * User has flexibility to just do standard operations OR use our framework of Signals/Orders/Strategies/Custom Studies and write in ANY C++ expression to generate entry signals and point-and-click the rest of the config. * Strategy(ies) is(are) compiled on your PC once final and sent to execute by Sierra Chart distributed back-end custom study we supply. * All Sierra Chart functions, Charts objects, etc are usable and accessible, so we don't limit what you can do. * Additional to SC's statistics window, we provide a P/L graph-er that allows you to see each strategy impact on the overall portfolio. Website was made for people outside Sierra Chart, but that's where you subscribe if you chose to do so: https://www.octopitrader.com Usage Tutorials available via YT playlist. Anything outside of that, please ask via email or discord listed on the bottom of our site. https://www.youtube.com/playlist?list=PL7kXN0yFZg8qQwD-HJQlQWNzGw6I7gnDy Strategy Grapher example: https://imgur.com/a/1HaKHWR Thank you for your attention |
| [2024-07-28 07:44:30] |
| OctoPi - Posts: 37 |
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We have published projected "Live" trading prices in addition to the current "Research" subscription option. There are features we are working on that are exclusive to live versions, and wanted to make sure to communicate pricing expectations so nobody feels baited into an unaffordable product. To be transparent, the pricing logic is designed to be fair to people working with Micros and Minis, according to what they trade. We aim for the monthly cost to be ballpark worth of a single trade for the ability to make as many trades as you desire. Hope this makes sense! We do want to thank everybody that subscribed so far, and we are excited to continue improving our product with your feedback! -Octopi Team |
| [2024-08-30 16:49:15] |
| OctoPi - Posts: 37 |
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Thank you, Sierra Chart community! Thank you to all that subscribed or just following along for developments! Your subs are now paying for all of the website & other small hosting and misc expenses. It's a small burden, but we are glad it's now been lifted, thanks to you guys and gals. Live subs are officially coming in the next 3-4 weeks or sooner. Those of you that have configured your systems to satisfaction and ready to go live earlier - do reach out and we'll update your study from Sierra side to allow it. <3 |
| [2024-10-05 02:37:50] |
| OctoPi - Posts: 37 |
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We have a live portfolio of Micros that is traded on 12 different charts, 3 different timeframes, with at least 6 different strategies, all managed by Octopi Trader. I am working on preparing videos to explain the process of going live in Sierra Chart with Octopi Trader! Join in! https://media.discordapp.net/attachments/1207787953955274835/1291846511864315996/image.png?ex=67019551&is=670043d1&hm=2cade0f936b9bf36d6f90de3bc55b700b243fe8b48132c2f934c9f9890594424&=&format=webp&quality=lossless |
| [2024-10-06 18:49:18] |
| User61168 - Posts: 403 |
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Hi Octopi, Does your tool track realtime High/Low equity watermark which factors both open and closed trades across any chosen period (daily/weekly/monthly/day of week/hourly/half-hourly). Delivered trade statistics (Equity Peak/Valley in Period tab) is unable to handle such an important feature. Knowing MAE and MFE at the period level is crucial information for algo traders to track and for optimal use of day margin. Date Time Of Last Edit: 2024-10-06 18:49:43
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| [2024-10-07 23:01:38] |
| OctoPi - Posts: 37 |
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Hello, I am assuming your question is about Octograph? The Equity plotter? If so, it can currently display up-to-date P/L of all closed trades, not those currently open. We designed this particular feature for strategy research and visual portfolio composition assistance, NOT live trade monitoring. For live margin monitoring, we recommend Sierras' own functionality. I use Global Trade Positions and Trade Account Monitor - both show me the positions I am in, current margin, and peak margin throughout the day. Hope this helps. |
| [2024-10-07 23:14:07] |
| User61168 - Posts: 403 |
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Thanks. Let me ask this another way….. If I open 5 trades in a month, 4 are closed quickly within a second and one trade left to float with a MFE of 200points and MAE of -1000 points and then closes at breakeven. Is your tool able to generate a report (table, graph or whatever) to display equity peak with a high watermark of 200points and equity valley with a low watermark of -1000 points for the entire month. SC does not have this capability. |
| [2024-10-07 23:36:59] |
| OctoPi - Posts: 37 |
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Ah, I understand your question. The answer is no, we only roll up closed trades by hour or day format currently. We are more of a trade automation/strategy making tool than an analytics tool. If there's enough demand for such functionality, we would be open to make it available. Also, for me to understand correctly the importance of this, can you explain your use case as it relates to daily margin calcs? Thank you |
| [2024-10-08 14:06:00] |
| C_Money - Posts: 64 |
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How much performance could I save by switching to your tool while I'm using a spreadsheet alert system at the moment. Its pretty complex and can get pretty laggy at times.
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| [2024-10-08 15:33:49] |
| OctoPi - Posts: 37 |
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Loaded question. Short answer is - we have a free 30-day trial you can explore and I offer 1on1s at no additional cost to get started. Longer answer is: it depends on the hardware you are running and the structure of your automation. If you are on a laptop with "mobile" CPU - anything you do is going to be slow. Decent workstation with higher frequency CPU will chew through even poorly designed requests fairly quickly. Octopi Trader takes advantage of Sierra Charts replays, so it also depends on what type of replay you do. ATBB (bar based, with 4-points per bar sampled) runs through hourly data for 8 years in less than 20 seconds, while Accurate System Back Testing replay (tick kind) can run for hours on the same data set. How are you trading? Is tick accuracy important? Are decisions made at close of bar or intrabar? Hope this helps |
| [2024-10-08 18:18:03] |
| C_Money - Posts: 64 |
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Gotcha. I have a Core i9-9900k (8 cores), a GTX 2080ti and 32gb of ram. Basically a gaming rig. On my 4 monitors with 3 spreadsheet systems, each tick update takes about 150ms, where as when I remove the spreadsheet systems, I'm getting about 50ms or faster. Tick accuracy would be important for me as I deal with several timeframes where i typically wait for confluence in all my signals. Decisions are made at close of bar but I have warning signals as well to stop doing something based on some criteria. I'm basically a scalper that waits for higher time frame confluence. I just found your YouTube series so I'm going to watch some of those. Thanks! |
| [2024-10-08 18:27:00] |
| OctoPi - Posts: 37 |
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I am purposely not overbuilding my rig to make the test results more relevant to the general population, so hardware to hardware you are ahead of me. I am on 7700k. VERY important spec is your hard drive though, so make sure you are on solid state PCI5 or better interface. Hopefully videos explain how we do what we do, but you are welcome to any questions. Discord is the quickest way to find me. |
| [2024-10-19 06:02:14] |
| User61168 - Posts: 403 |
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Also, for me to understand correctly the importance of this, can you explain your use case as it relates to daily margin calcs?
There are many use cases to track the high/low equity watermark at the account level.- The biggest one is for max drawdown management and drawdown affects available margin (or buying power to add positions). - I cannot understand how anyone can efficiently design a scalein/out automated strategy without tracking high/low watermark of account equity (and not balance) to accurate measure risk exposure. - wouldn't you want to know the MAX profit potential as a statistical measure to optimally set your max daily/weekly/monthly max profit and loss targets? TAL gives only Max F2F profit and loss during a given period which does not paint the accurate picture. - "trade the equity curve" types strategies require tracking of high/low watermark for similar reasons. - Also essential in implementing money management strategies which is based on margin. knowing the extremities of account equity also helps in understanding account funding requirements or how much 'cushion' a strategy would require in best/worst case scenarios. Date Time Of Last Edit: 2024-10-19 06:06:56
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| [2024-10-19 17:24:23] |
| OctoPi - Posts: 37 |
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Got it. Your approach is clear, but also clearly focuses on things that I don't take into account at all when developing my algo portfolios. If my positions OPEN equity has significant effect on the overall outcome then there's something critically wrong with the portfolio overall, either this trade is too heavy for it, or there's not enough money to trade overall. I also don't do any equity curve strategies, and as far as I know neither do any of our users. Perhaps there's a community for what you are describing, but I haven't seen it to develop functionality for that. Many ways to accomplish making money, I don't pretend the tool is universal by any means. Happy trading! |
| [2024-10-19 17:54:36] |
| User61168 - Posts: 403 |
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Yeah. SC is very powerful and almost everything can be achieved via simple alerts and spreadsheet formula studies including tracking of daily high/low equity watermark. There is only one thing I have not been able to accomplish: auto-increase of trade ticket position quantity based on a some custom calculated value. Everything else is possible just with simple alert and spreadsheet formula. I don’t think many users realize how incredibly powerful and capable simple alerts functionality is within Sierra Charts. Take care. |
| [2024-10-19 22:41:08] |
| OctoPi - Posts: 37 |
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I think everybody realizes how powerful Sierra offering is, just that not everybody wants to go learn to make formulas. Point and click strat builders are effective for those people.
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