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Date/Time: Fri, 19 Apr 2024 21:35:30 +0000

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Post From: Trade Execution Issue Upon Upgrade to Version 1983

[2020-02-07 17:04:08]
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User279754 - Posts: 38
I researched Add Additional Symbol and found that it has obvious limitations that make it an unsuitable solution. I can give two good examples of the limitations:

a) using Add Additional Symbol, you are limited to the chart timeframe chosen on the main chart, which is a huge limitation. For instance, if my system is trading off of a 5min chart, but I need to pull in studies from an hourly, daily, or weekly chart, I am unable to do so. My systems often rely on this type of input, and I am unable to replicate that with Add Additional Symbol.

b) if you're relying on derivative studies of VIX in particular (such as a moving average), since it only trades a limited portion of the day the periods where there is not trading will factor into those derivative studies. The proper way to do it is to have VIX on another chart and then it will only calculate the derivative studies during hours in which it is actually active. I tested my systems using the Add Additional Symbol approach, and the derivative VIX calculations were so different under this approach that there was a high degree of degradation to the financial performance of the systems.

I believe it is imperative for Sierra Chart's latest versions to be able to pull info from one chart into another chart and have the Trade Based on Alert Condition study function properly. I run an automated trading business with about 50 unique systems, and without this functionality (which existed prior to v1983) almost all of my systems will cease to function. It would literally bring my entire business to its knees if I was forced to use the latest version of Sierra Chart. It's an existential risk. Please let me know your thoughts on what could be done to reinstate this critical functionality that was available in earlier verions of Sierra Chart. I'm fine running indefinitely on v1981, which is what I use now, but I fear that at some point that will no longer be supported and my business would be in a dire situation.