I totally agree with the order routing / platform rant. I used tradovate who routes with CQG, and when they lost connectivity to CQG while I was short Nasdaq, I was sweating bullets for over half an hour. Luckily the trade went in my way, but that situation made me wary of platforms that aren't provided by same entity that routes orders. Also, I started using Sierra lately and really like it. However, I get the impression it's made by a very small team (maybe just one main guy?) who works in an idiosyncratic way and has been at it a long time already. I wonder if the software will be maintainable when he/they retire or otherwise move on.
I'm leaving TV and went to Ironbeam. They were a full bar behind on a 3 minute chart after the PPI numbers Thursday. None of the other platforms open did not lag and were in synch. I used Sierra charts once for a 30 day trial once and it's deep. Almost too much.
Hi Verrillo. Excellent video and content. The Sierra Chart is exactly what I was looking for, specially DOM part. I have a scalper profile and this DOM fits very well. But do you know which broker, that has zero/raw spread (with commission), and works with Sierra ? tks
Hey man, hope you see this. Would you be willing to test out the edgeprox platform. I'm curious how it compares to sierra. Especially in the performance department. There is literally zero reviews out there. You are pretty thorough in your reviews, you are honest and that's what i like about you.
Thank you for the kind words. I would really need to spend time with it to learn the inside outs. Time that we do not have. 😆 Most other retail software providers are better at marketing, but from a development standpoint they are mostly trying to do things SC already did 5 years ago.
the power of SC is not in code (that is very strong C##) but they did amazing thing with DENALI+TETON feed/data...when I saw 1400 levels on DOM/MD I almost cried...do not hesitate to go with package 12. ...
There is a free trial but it only lasts 14 days I believe. You do need to pay to access all the features after that trial. Though it is a lower cost if you only use delayed data.
Great content thank you for all the effort and work you put in was just wondering if you would ever be interested or willing and sharing any of your Sierra chart books
Great video. I just downloaded Sierra Chart yesterday. I am a little overwhelmed. It is very difficult to set up. I love trading and want every advantage I can get. I will eventually get this thing up and running...
Each thread can run simultaneously on a different CPU. So if your fancy AMD processor has 128 cores, it can run 128 threads at the same time. Also, if one thread has to wait (like for a server to send some market data) it can be kicked off the CPU so another thread can use it to do work (like calculating a study). Those are the two main ways threading improves performance: sharing a single core efficiently and using multiple cores at the same time.
There may be some in our livestreams and in the trading content playlist. The content we make does not focus around showing live trades. Someday we may change this but right now we mostly make trading related and tutorial content.
@@VerrilloTrading @VerrilloTrading ok thanks. Can you make a video when a transaction gets triggered on the dom. Where does it end up in the order flow. Example. If a short is triggered on the Dom. Where does it end up on the order flow. On the ask side or thr bid side. And when it's covered what side on the order flow chart will it show up. Etc etc. Many thanks and enjoy your videos
It would depend on what you require and if SC could serve that purpose. I know an equities trader that uses volume by price (footprint) data for equities trading in the first hour. If you are fine with what you have, stick with that.
Hi Chris. Thanks for offering this great service and being so informative, just discovered your channel a few weeks ago but it has made such a huge difference in my life. Thank you and more thank you. I would like to ask a question or two: I want to open a SIERRA CHART TETON FUTURES ORDER ROUTING service pack 11 account. I want to choose IRONBEAM as my clearing firm. So what do I do first, do I open an account with SIERRA first and then open an account with IRONBEAM as my clearing firm or open an IRONBEAM account first then open an account with SIERRA? What is the order? Follow up question; Can I trade any INDICES(FDAX /DAX) and INTEREST RATES(FGBL/BUND/BOBL/SCHAZT) from the EUREX market using IRONBEAM or is the anyway other way to do this, whilst I use SIERRA as my platform of choice and execution? Am I going to need a second broker for trading the EUREX market and if so, can I connect both brokers to SIERRA and will this have extra charges? Because it does not look like IRONBEAM offers any products from the EUREX exchange or is there something am not understanding, can I trade the BUND/DAX using IRONBEAM?
Hello and thank you for the kind words. The Teton order routing service right now only supports the CME group markets. To trade EUREX you would open a second account with your clearing firm (Ironbeam) and use the CQG trading service or other service that supports EUREX trading. You can use Sierra Chart for both of those accounts but I would recommend running a separate installation of Sierra for the CQG account to trade EUREX. Rather than always switching the Data/Trade service settings between your trade accounts in the same installation of Sierra. For live trading the first thing would be opening the account with the clearing firm and letting them know which front ends you want to use and which symbols you will be trading. Then for Sierra you need to pay for Sierra usage time then pay for the exchange data through Sierra. If you need additional help just reply here or send an email through the channel about page.
We don't really think they are necessary neither helpful to traders that want to learn how to trade their own money. Of course there are different arguments that can be made about how they offer you more capital etc. At the end of the day they are a business and want to make a profit like everybody else. We would say they make things less realistic than real trading with their trailing drawdown rules. Probably the #1 thing that can skew your risk to reward and make you profitable in the long run is the ability to let ride on the last percentage of a winning trade. The proper way to let a winner ride imo is with a loose trailing stop, or maybe none at all and just a breakeven. Most of those companies have rules that make your job harder and most beginners don't know that because they don't know what trading consists of in the long run.
Very nice commentary. Sierra is for those that have the capability, patience, and time to figure out how to customize it to their own style.
Agreed, thank you.
Thank you so much for your effort and time you invest in us, the viewers!! Keep up the good work ☺️
Thank you! Will do!
@@VerrilloTrading , thank you, sir!! 😋
I totally agree with the order routing / platform rant. I used tradovate who routes with CQG, and when they lost connectivity to CQG while I was short Nasdaq, I was sweating bullets for over half an hour. Luckily the trade went in my way, but that situation made me wary of platforms that aren't provided by same entity that routes orders.
Also, I started using Sierra lately and really like it. However, I get the impression it's made by a very small team (maybe just one main guy?) who works in an idiosyncratic way and has been at it a long time already. I wonder if the software will be maintainable when he/they retire or otherwise move on.
I'm leaving TV and went to Ironbeam. They were a full bar behind on a 3 minute chart after the PPI numbers Thursday. None of the other platforms open did not lag and were in synch. I used Sierra charts once for a 30 day trial once and it's deep. Almost too much.
Your knowledge about binary options are shoking! You told me so many new things... That's cool
This video did not go over binary options.
Great video!
And obviously great software.
Thank you!
You know your shit that’s why I follow you ! Still no mustang! Or suit
Thanks! I did wear a suit in that one short. I think humans respond better to things that are aesthetically pleasing.
Hi Verrillo. Excellent video and content. The Sierra Chart is exactly what I was looking for, specially DOM part. I have a scalper profile and this DOM fits very well. But do you know which broker, that has zero/raw spread (with commission), and works with Sierra ? tks
Thanks for the kind words. What markets are you trading?
Hey man, hope you see this. Would you be willing to test out the edgeprox platform. I'm curious how it compares to sierra. Especially in the performance department. There is literally zero reviews out there. You are pretty thorough in your reviews, you are honest and that's what i like about you.
Thank you for the kind words. I would really need to spend time with it to learn the inside outs. Time that we do not have. 😆 Most other retail software providers are better at marketing, but from a development standpoint they are mostly trying to do things SC already did 5 years ago.
the power of SC is not in code (that is very strong C##) but they did amazing thing with DENALI+TETON feed/data...when I saw 1400 levels on DOM/MD I almost cried...do not hesitate to go with package 12. ...
Thank you for this helpful video. (Mike from TradeYourPlan recommended it) - Really great !
Awesome, thank you!
is the basic 26 usd one enough ? to begin with and the learn/ advance into it ???
Why Opera and not Chrom? I'm intrigued.
Never took a liking to chrome.
great video i have a question if i download sierra chart just so i can practice in demo will i have to pay monthly fee or is it free ? thank you
There is a free trial but it only lasts 14 days I believe. You do need to pay to access all the features after that trial. Though it is a lower cost if you only use delayed data.
Do you even bookmap? Thoughts?
If you don't know WHY you need Sierra Chart, just use whatever looks best to you.
Agreed!
Great content thank you for all the effort and work you put in was just wondering if you would ever be interested or willing and sharing any of your Sierra chart books
Thank you for the kind words. Yes that would be possible, just send us an email through the channel about page.
@@VerrilloTrading will do thanks so much all your content has made the move to sierra much easier thanks again
Great video. I just downloaded Sierra Chart yesterday. I am a little overwhelmed. It is very difficult to set up. I love trading and want every advantage I can get. I will eventually get this thing up and running...
Thanks for the kind words. Wish you luck with that endeavor.
how trade options with sierra charts if the ARCA options are not provided by them ?
Sierra does not have the data for US Stock options. They they can be traded and charted with Interactive Brokers connected to SC.
@@VerrilloTrading Thanks verillo you are the best !!!
Kind words cheers!
@@VerrilloTrading would you recommend getting all the data from IB or second the stocks data from SC and options data from IB ?Kindly reply :)
Each thread can run simultaneously on a different CPU. So if your fancy AMD processor has 128 cores, it can run 128 threads at the same time. Also, if one thread has to wait (like for a server to send some market data) it can be kicked off the CPU so another thread can use it to do work (like calculating a study). Those are the two main ways threading improves performance: sharing a single core efficiently and using multiple cores at the same time.
So you don't think the Jigsaw DOM is faster anymore?
It might be but the difference is negligible. The two programs are not comparable, most frequent users will know what I mean.
do you have any live trades on youtube
There may be some in our livestreams and in the trading content playlist. The content we make does not focus around showing live trades. Someday we may change this but right now we mostly make trading related and tutorial content.
@@VerrilloTrading @VerrilloTrading ok thanks. Can you make a video when a transaction gets triggered on the dom. Where does it end up in the order flow. Example. If a short is triggered on the Dom. Where does it end up on the order flow. On the ask side or thr bid side. And when it's covered what side on the order flow chart will it show up. Etc etc. Many thanks and enjoy your videos
What if you just trade equities without orderflow? is Sierra chart still worth it? I just use IBKR with tradingview realtime data charting
It would depend on what you require and if SC could serve that purpose. I know an equities trader that uses volume by price (footprint) data for equities trading in the first hour. If you are fine with what you have, stick with that.
hey,,, why dont you share your profits ?? thanks for tutos
There are some videos where we show live trades or trade reviews.
Hello, what do you think about TOS?
Never used it sorry!
optimized for your own style
Sierra is not the most modern looking platform but looks like it performs well.
Agreed!
You Can absolutely do all u want with SC ie custumize it as you want SC has no limit
Is it possible to use interactive brokers and executing trade in Sierra chart ?? If so how ..
Yes this is supported, it is not very easy but it works. Sierra Chart has documentation regarding the Interactive Brokers trading service.
Is it's important to learn sierra chart
Indeed!
Hi Chris. Thanks for offering this great service and being so informative, just discovered your channel a few weeks ago but it has made such a huge difference in my life. Thank you and more thank you.
I would like to ask a question or two:
I want to open a SIERRA CHART TETON FUTURES ORDER ROUTING service pack 11 account. I want to choose IRONBEAM as my clearing firm.
So what do I do first, do I open an account with SIERRA first and then open an account with IRONBEAM as my clearing firm or open an IRONBEAM account first then open an account with SIERRA? What is the order?
Follow up question; Can I trade any INDICES(FDAX /DAX) and INTEREST RATES(FGBL/BUND/BOBL/SCHAZT) from the EUREX market using IRONBEAM or is the anyway other way to do this, whilst I use SIERRA as my platform of choice and execution? Am I going to need a second broker for trading the EUREX market and if so, can I connect both brokers to SIERRA and will this have extra charges? Because it does not look like IRONBEAM offers any products from the EUREX exchange or is there something am not understanding, can I trade the BUND/DAX using IRONBEAM?
Hello and thank you for the kind words. The Teton order routing service right now only supports the CME group markets. To trade EUREX you would open a second account with your clearing firm (Ironbeam) and use the CQG trading service or other service that supports EUREX trading. You can use Sierra Chart for both of those accounts but I would recommend running a separate installation of Sierra for the CQG account to trade EUREX. Rather than always switching the Data/Trade service settings between your trade accounts in the same installation of Sierra.
For live trading the first thing would be opening the account with the clearing firm and letting them know which front ends you want to use and which symbols you will be trading. Then for Sierra you need to pay for Sierra usage time then pay for the exchange data through Sierra. If you need additional help just reply here or send an email through the channel about page.
Can you provide sierra chart beginner to advanced course
There are many free and high quality videos that are already public. Some of them are here: ruclips.net/p/PLePBf4ZtCKhovGMhz0W0ksWC7Edqt02iX
Is sierachart capable for MacOs ?
I'm not sure but you should be able to find information about this by searching.
ya making your own custom studies make you think deeper
Tnx bro
5Thanks!
Welcome!
i have yet to break sierra... and so far i just keep making it faster with chart delay 10ms
This use to Indian market
I don't think they have the Indian market.
sierra is like transformer it can be made into anything
rithmic got mbos denali got mbos all good data
LMFAO "...over Google Chrome, absolute TRASH"
It's fine, just invasive.
Hi chris, i have a question please, what do you think about this new prop firms with subscription ? Apx leeloo earn2trade uprofit … ?
We don't really think they are necessary neither helpful to traders that want to learn how to trade their own money. Of course there are different arguments that can be made about how they offer you more capital etc. At the end of the day they are a business and want to make a profit like everybody else. We would say they make things less realistic than real trading with their trailing drawdown rules. Probably the #1 thing that can skew your risk to reward and make you profitable in the long run is the ability to let ride on the last percentage of a winning trade. The proper way to let a winner ride imo is with a loose trailing stop, or maybe none at all and just a breakeven. Most of those companies have rules that make your job harder and most beginners don't know that because they don't know what trading consists of in the long run.
hey do you have a discord? if yes, can you share it?
Thanks brother! great info.
There is no discord right now but maybe a Telegram group in the future, stay tuned!
Sierra chart is the best? but is it also the easiest?
Definitely not.