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Date/Time: Mon, 06 May 2024 23:27:55 +0000



Option trading with TD Ameritrade

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[2017-04-21 22:17:01]
naqviak - Posts: 22
I am evaluating SC as a potential platform for algotrading options. I currently have account with TD Ameritrade

Questions
1.Does SC allow option trading with TD Ameritrade?
2. What is dataformat for Options?
3. How do I find option symbols?

Thanks in advance
[2017-04-24 16:30:55]
Sierra Chart Engineering - Posts: 104368
1. Yes, but we do not think this is going to work properly with TD Ameritrade because the TD Ameritrade API server is not going to provide options data based on feedback. At least not the historical data.

2, 3. This is explained in the setup instructions here:
http://www.sierrachart.com/index.php?page=doc/AmeriTrade.php#SetupInstructions

You need to use Interactive Brokers. This is only practical choice for stock options trading. Refer to:
http://www.sierrachart.com/index.php?page=doc/InteractiveBrokers.php
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: 2017-04-24 16:32:04
[2017-04-24 16:34:23]
naqviak - Posts: 22
Thank you
so if I understand it correctly, I will not be able to backtest the strategy right? but can I still place orders on options using proper symbols?
[2017-04-24 16:49:45]
Sierra Chart Engineering - Posts: 104368
We do not recommend TD Ameritrade for options trading. We think you will have problems. We recommend using Interactive Brokers instead.
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

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