Support Board
Date/Time: Tue, 22 Apr 2025 10:32:33 +0000
Help in choosing the right package and data feed
View Count: 225
| [2025-01-23 11:55:24] |
| Lucyan - Posts: 1 |
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I am looking to open a personal account with Edge Clear w/Teton Routing, and have a question regarding which package and data bundle I should pick: - Package: I trade only with price action and do not need the DOM or any volume profile, is the package 10 enough for me? I also need the seconds timeframe and a Gap indicator (FVG) - Denali Data Feed: I trade mostly micro NQ - am I right to assume that the CME top of book data for 2$/month is enough for me if I trade only MNQ? and if I decide to go for full CME bundle, is the option with NO market depth for 6$/month the right choice for me? The only thing I am a bit confused about is if I need the market depth package for the Denali setup, or if No market depth/Top of book is enough for my trading style. Package 10 [36$/m] + Full CME without market detpth [6$/m] = total costs of using Sierra Chart with Teton/Denali at 42$/month Besides the Edge Clear commissions of 0.59$ Round Turn for MNQ (as of current pricing on their website), are there any other fees that I am missing? Thank you Date Time Of Last Edit: 2025-01-23 12:02:05
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| [2025-01-23 15:31:54] |
| John - SC Support - Posts: 39395 |
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- Package: I trade only with price action and do not need the DOM or any volume profile, is the package 10 enough for me? I also need the seconds timeframe and a Gap indicator (FVG)
From what you state - package 10 should work for you. We do not have a "Fair Value Gap" indicator native in the system. There is a post in the Support Board where someone supplied code for this so you could create the study yourself. Refer to the following: How to Build an Advanced Custom Study from Source Code - Denali Data Feed: I trade mostly micro NQ - am I right to assume that the CME top of book data for 2$/month is enough for me if I trade only MNQ? and if I decide to go for full CME bundle, is the option with NO market depth for 6$/month the right choice for me?
This is something you need to answer, as we do not know if you need Market Depth data or not. Offhand, since you are asking, it would probably mean that you do not need it. Keep in mind, the Market Depth is the listing of the limit orders on the DOM waiting to be filled as the price moves to that level. Given the above and the fact that you are trading mostly Micro NQ, the cheapest option would be the "CME Non-Professional Top-of-Book" for $2.00 per month. But it depends on what instruments you need data for. If you need anything from the CBOT, COMEX, and/or NYMEX exchanges, then you may want to go to the "Full CME Group (CME, CBOT, COMEX, NYMEX) for Non-Professional Trading Accounts" for $6.00 per month. Besides the Edge Clear commissions of 0.59$ Round Turn for MNQ (as of current pricing on their website), are there any other fees that I am missing?
There are no other fees from us (Sierra Chart). There will be plenty of other fees from the broker - you need to check with them on these. 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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