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Direct MessagesDate/Time: Wed, 24 Apr 2024 06:07:10 +0000
Multiple Accounts with SierraChartOrderRoutingServiceWithData
View Count: 1343
| [2019-04-21 20:08:46] |
| patrader - Posts: 92 |
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My understanding is that it is possible to have two trading accounts with the same or different FCMs and both can hook up to SierraChartOrderRoutingServiceWithData in the same instance of Sierra, and doing this would not need a second Sierra datafeed connection nor additional exchange fees. Q1. Is that correct? Q2. If so, where does the option to trade which account exist? Is it as simple as being an option in the pull-down for accounts? |
| [2019-04-21 21:03:09] |
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1. Yes. 2. Refer to: Basic Trading and the Trade Window: Main/C >> Trade Account (Selecting Trade Account for Chart / Trade DOM) 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 |
| [2019-04-21 21:20:14] |
| patrader - Posts: 92 |
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Follow up Qs: 1. Is there a limit on how many accounts could be traded in the same instance? 2. Are there any FCMs who are billing the $0.10 per side fee to customers on their brokerage statements yet? (or is billing through Sierra the only option for now?). If the answer is not yet on the FCMs, any guess on when that might occur and which one/s might do it first? |
| [2019-04-22 02:06:00] |
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1. No. There could be 1000 of them. 2. We have not yet arranged that. or is billing through Sierra the only option for now? Yes for now.Are you looking just for the per trade fee to be billed through your trading account or all of Sierra Chart? 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: 2019-04-22 02:06:09
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| [2019-04-22 02:23:06] |
| patrader - Posts: 92 |
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It'd be nice to have an FCM charge for Sierra though statements but I was referring to just the per side routing fee. It's an accounting/tax issue. I believe (I stand ready to be corrected if wrong) that if it is accounted for by the FCM like commissions it would reduce the figure on a year-end 1099. Paying it separately is less user friendly.
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| [2019-04-22 06:40:53] |
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We will contact ADM Investor Services about this and see what we can work out. We assume you would be using ADM.
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 |
| [2019-04-22 11:26:16] |
| patrader - Posts: 92 |
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I was actually thinking about Dorman. I have two small accounts with them (and could add a third) and I would switch those to the new service first. The flexibility of trading multiple accounts in the same instance of Sierra without incurring manother datafeed cost is an enticing feature of the new service. My Dorman IB tells me that I can't tade multiple Dorman accounts using the same CQG login at Sierra (I have my doubts if that is true) so at the moment I'd have to pay for additional SC datafeeds (attempting to do it DTC is above my head) in multiple instances of Sierra and have multiple trade windows open. Far from ideal. Hence my continued interest in the new service. My only hold-out is the charging of the per side routing fee. I'll switch the smaller accounts to the new service if you can get Dorman to agree to bill the routing fee through statements like they do for CQG. I'll think about ADM after seeing Dorman do it. Once one FCM agrees to do it, it would surely become an issue of competitive advantage or disadvantage for the others. For volume traders the difference in who charges the routing fee is a tax issue. My understanding is that having it done by an FCM auto adjusts the 1099 figure for year-end gains or losses as opposed to trying to have it accounted for outside of 1099. With no misc. itemized deductions for "investors" anymore, only those qualifying for "trader status" could try and have it deducted outside of the 1099. It's the main thing keeping me using CQG at this point. A number of traders have more than one account (e.g. a main one and an IRA) and this is a big selling point of the new service. But having Sierra charge the routing fee is tax inefficient as compared to the FCM doing it.
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| [2019-04-22 13:52:10] |
| patrader - Posts: 92 |
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NinjaTrader is my IB for the Dorman accounts. I don't use them for software just as brokerage. They know I prefer Sierra for software and they had no problem arranging for me to connect to CQG Fix/Sierra. So I've reached out to them to see if they can help me shift with Dorman to the new Sierra/TT service. Interestingly they told me it wasn't technically possible to have both my Dorman accounts connect through the same same CQG login. The new Sierra/TT combo would solve that problem.
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| [2019-04-24 08:16:28] |
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My Dorman IB tells me that I can't tade multiple Dorman accounts using the same CQG login at Sierra From the Sierra Chart perspective, this certainly is possible.We will contact Dorman about billing. 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 |
| [2019-07-03 21:23:15] |
| John - SC Support - Posts: 31059 |
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Let's start with the last question first. No, it is not possible to send orders to two different brokers at the same time from a single instance of Sierra Chart. The only thing that is currently available is the ability to send the same orders to multiple accounts held at the same brokerage. Refer to the documentation here on this: Order Allocation to Trade Accounts With regards to the other questions, it is a lot easier to just use the Trade and Current Quote Symbol within Chart >> Chart Settings. Refer to the documentation here for how this works: Chart Settings: Trade and Current Quote Symbol (text box) (Chart >> Chart Settings >> Symbol >> Symbol menu) For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2019-07-05 15:01:35
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| [2019-07-04 05:37:42] |
| User657944 - Posts: 173 |
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To Sierra support about post 69 question, it will be very interesting to solve that question, I mean right now I'm thinking to stay with Transact + Sierra and have they billing everything or to move to Sierra direct connection using the new service routing with Dorman but the question about the 0.10$ fee is interesting for Tax also for Italian resident like me. thx Date Time Of Last Edit: 2019-07-04 05:38:16
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| [2019-07-05 15:03:39] |
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or to move to Sierra direct connection using the new service routing with Dorman but the question about the 0.10$ fee is interesting for Tax also for Italian resident like me. Billing of this to your trading account will become available. We are initially working on this with AMP.I guessed that. Are there any plans to add the functionality of being able to trade 2 different accounts with different brokers from the one chart or one Dom? Sierra Chart / Trading Technologies Futures Order Routing Service 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: 2019-07-05 15:05:00
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