Login Page - Create Account

Support Board


Date/Time: Fri, 26 Apr 2024 06:23:45 +0000



Order Allocation to Trade Accounts

View Count: 2693

[2019-01-15 16:13:03]
ticinotrader - Posts: 377
Dear Support,
Can you please post a notification when you add documentation for the new feature: 'Order Allocation to Trade Accounts'?

Also I have two questions:
1. Can you please confirm that this feature will be able to 100% replace IB's allocation model?
2. If possible can you please add support for trade allocation (to set different size for each subaccounts involved) when using the 'Order Allocation to Trade Accounts' function?

Thank you.
[2019-01-15 18:45:11]
Sierra Chart Engineering - Posts: 104368
We will try to have the documentation ready in about a week.


1. Not at this time because it just simply supports a 100% copy of an order to other accounts. It does not support percent allocation but we are sure we will get to that at some point.

2. Yes this will come.
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: 2019-01-15 18:45:20
[2019-01-15 19:38:24]
ticinotrader - Posts: 377
If you can support #2 that would eliminate the use of percentage allocation models when trading multiple accounts (mostly on futures) at IB.

If you can make this (lot allocation) part of the top of your priority list that would be great.

I personally always do pre-trade allocation calculations for each subaccounts outside IB first, then check IB to verify if everything is going well.

And in many cases I manage it through Sierra: although your order fill based display works extremely well, in many cases I prefer to execute trades on indvidual subaccounts on separate DOMs.

Please let me know if you need tester during this phase, I am more than happy to check functions both on Sim and a live Advisor environment, following your instructions.

Additionally a question: are you going to support this feature in the close future when using TT's broker-independent capabilities (multi-broker/multiaccount - when accessing various accounts maintained at different clearing firms/banks through a single TT login)? That would eliminate the need to use IB for several advisor users and would give a final answer to some of us who trade at multiple clearing firms at once.

Thank you.
[2019-04-21 10:08:52]
ticinotrader - Posts: 377
Dear Support,

Can you please confirm that this function (Order Allocation to Trade Accounts) is available for live trading now?

I see that the documentation below was recently updated but not sure if it is supported/fully functional in live trading.

Order Allocation to Trade Accounts

Thank you.
[2019-04-23 10:17:20]
Sierra Chart Engineering - Posts: 104368
We just noticed this now:

Additionally a question: are you going to support this feature in the close future when using TT's broker-independent capabilities (multi-broker/multiaccount - when accessing various accounts maintained at different clearing firms/banks through a single TT login)? That would eliminate the need to use IB for several advisor users and would give a final answer to some of us who trade at multiple clearing firms at once.

The answer is yes.

Can you please confirm that this function (Order Allocation to Trade Accounts) is available for live trading now?
Yes it is in the latest release. But you should tested first on a simulation account with Interactive Brokers. That is always an important precaution to take with any trading functionality that you have not used before.

The functionality has undergone some basic testing and has numerous safety features in it, but still it is important for each user to test it on a simulation account first. We are not referring to Trade Simulation Mode but an Interactive Brokers paper trading account.
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: 2019-04-23 10:18:31
[2019-06-04 19:33:01]
SK819618 - Posts: 9
Hello,

I'm with AMP and I requested that they put both my IRA and Indiv. Account under the same Sierra Chart Username.

What is everything I need to do to be able to trade both accounts simultaneously?

Thank you.
[2019-06-05 04:13:06]
Sierra Chart Engineering - Posts: 104368
This is all you need to do. You can now select the account from the Trade Window:
Basic Trading and the Trade Window: Main/C >> Trade Account (Selecting Trade Account for Chart / Trade DOM)

Follow these instructions to setup the Trade Window to have duplicate trades sent through to other accounts:
Basic Trading and the Trade Window: Main/C >> Menu >> Settings >> Order Allocation to Trade Accounts
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: 2019-06-05 04:14:10
[2019-08-21 17:27:43]
User703755 - Posts: 1
Broker: AMP
Routed thru: CQG
Trading on DOM ladder.
USE ATTACHED ORDER is checked.

See attached photo.

I have setup according to instructions but the orders are not copying.

My understanding is that orders should copy on the DOM ladder for the second as well. Is that correct?

UPDATE:

The order allocation seems to work as designed when NOT using attached orders.

When attached orders ARE used, this is the outcome FYI:

I placed an attached order for a BUY LMT with a Target and Stoploss on SIM1 and allowed it to fill. SIM2 DOM never showed the working orders on the ladder nor did it fill anything (as expected). However, when I flattened on SIM1 DOM, the SIM1 position flattened, but then SIM2 filled an individual sell order.

So it seems any individual orders are copied but any attached orders are not copied. FYI for others.
Date Time Of Last Edit: 2019-08-21 17:33:50
imageOrder alloc scnshot.png / V - Attached On 2019-08-21 17:25:33 UTC - Size: 131.28 KB - 331 views
[2019-08-21 18:49:48]
Sierra Chart Engineering - Posts: 104368
We are looking into this.
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
[2019-08-21 18:57:09]
Sierra Chart Engineering - Posts: 104368
We do observe this problem and we will resolve this. We had not done testing with this feature with Attached Orders. Only individual orders.
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
[2020-06-18 15:06:33]
User790545 - Posts: 41
Is this feature included in your web trading panel?
[2020-06-18 17:24:21]
Sierra Chart Engineering - Posts: 104368
No definitely not.
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
[2020-08-11 21:01:03]
User355030 - Posts: 163
Are attached orders now supported for order allocation ? @SCE
[2020-08-12 06:43:16]
Sierra Chart Engineering - Posts: 104368
Yes.
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
[2020-08-12 14:34:02]
User355030 - Posts: 163
Does the order allocation support a "multiplier" for position sizes on the different accounts?
[2020-08-12 18:16:05]
Sierra Chart Engineering - Posts: 104368
Not yet. We will get to that as soon as we can.
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
[2020-08-12 18:30:59]
User355030 - Posts: 163
I know you all are busy, but this is a key feature for me. What’s a realistic eta ? @SCE
[2020-08-12 21:47:54]
Sierra Chart Engineering - Posts: 104368
We cannot say. We just cannot give any estimate at all. Do not put reliance on this.
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
[2020-08-12 22:22:05]
User355030 - Posts: 163
I mean honestly I already have a reliance on this @sce
[2020-08-17 10:37:26]
Sierra Chart Engineering - Posts: 104368
We will add this functionality as soon as we can but we cannot give a date.
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
[2020-11-11 04:34:23]
User287548 - Posts: 2
Hi just wondering if there’s an update to post #15? Thanks in advance.
[2020-11-11 09:23:39]
Sierra Chart Engineering - Posts: 104368
The delay relates to the work being done on our dialog windows, to update them to the new format. So once that is done for the Order Allocation to Trade Accounts window/dialog, we can then work on this new setting.
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
[2022-06-06 22:44:10]
User379468 - Posts: 508
Can this fully substitute for an IB FA account, including position size allocation based on sub account sizes?

To post a message in this thread, you need to log in with your Sierra Chart account:

Login

Login Page - Create Account