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Direct MessagesDate/Time: Sat, 20 Apr 2024 12:48:43 +0000
Post From: Announcement: Realistic Futures Trading Evaluator Service Now Available
| [2018-09-03 22:38:42] |
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We have completed development of a new futures trading evaluator service which is a server-side simulation system for futures trading which can be used to evaluate one's futures trading performance. All orders are filled on the server side and cannot be altered. And the filling of limit orders, does consider the position in queue. This service requires the use of the Sierra Chart Exchange Data Feed: Sierra Chart Exchange Data Feed If you want to take advantage of the lower-priced CME exchange fees, it is necessary to have a funded trading account. There is really no way around this . We know services like Rithmic can work around this but we have been told that they are following outdated rules or the current rules are not being applied to them. This CME is no longer making any exceptions to allowing the lower-priced exchange fees to be used unless you have a funded trading account. They may change this policy at some point in the future but at the present moment this is the policy. As you are all aware, this causes us much frustration and complicates things tremendously for users. If you are interested in using this service, just let us know here and we will follow-up with you. We hope this can be a replacement for using CTS or Rithmic for this purpose. However, the complication is the exchange fees. If you do not have a funded trading account, you have to pay the ridiculously higher priced fees which no one is going to pay and of course you should not be paying. This is not a problem for the EUREX though. And if you do have a funded trading account and you want to use the lower-priced CME fees, you do need to connect Sierra Chart once a month to that trading account to be able to receive the real-time data. Why would you want to use this service? The service is primarily meant for future trading evaluators to decide whether they want to fund a particular trader. This service does allow evaluator to monitor the trading performance of one or more traders both historically and in real-time. Or if you want to have a verified and unalterable record of your futures trading, then this service can be used for that. What is nice about this service as compared to using CTS or Rithmic, aside from the tremendously frustrating exchange fee issue, is that it does not require any external service. There is no additional cost for it. It is a highly reliable service that is easy to use. There are no connection settings required. The service just works without any problem. If there are any issues, we will promptly correct them but at this point, there are no known outstanding issues. This service calculates and uses the actual true margin requirements set by the exchanges and tracks your account balance. It is also possible with this service to set limits on what symbols can be traded, the maximum order quantities and maximum position quantities both for the symbol and globally. It supports, a daily loss limit and also an alert when a certain profit target has been set. We can also add fairly easily additional functionality similar to all of this. The service also maintains the order fill history and all missing historical fills on the client-side can be accessed and can also be accessed by the trading evaluator. It supports server-side OCO and bracket orders. We know this service may not be viable because of the CME exchange fee issue, in some cases, but nevertheless we are still letting everyone know what we have available. 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: 2018-09-04 03:12:34
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