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Date/Time: Fri, 29 Mar 2024 08:56:57 +0000



Trade Support Services

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[2020-04-10 13:31:18]
User38606 - Posts: 80
Quick question: I am trying to connect to one of the foreign exchange trade services. In other words, I trade FX and I want Sierra to be automatically sending orders for execution and trade Auto Trader will be setup soon. What FX platforms / trade services does Sierra talk to or has interface to? other than Interactive brokers for instance....
[2020-04-10 21:39:44]
Sierra Chart Engineering - Posts: 104368
The only other one right now is LMAX:
LMAX Trading 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: 2020-04-10 21:40:00
[2020-04-11 08:49:52]
User38606 - Posts: 80
Are there only 2 FX platforms / trade services that Sierra talks to or has interface with to trade Foreign Exchange? Is my understanding correct?
I read the introduction of both / on your webpage - and it sounds that IB is a bit problematic. Maybe I am wrong / then apologies for my perception. I plan to trade only foreign exchange (FX) to be honest. Which one would you recommend to use for that? IB or LMAX.
I would look at a more technically sound platform / and low cost (i.e. I don't to pay for API services....)

I can see it says: Sierra Chart uses a connection model for the LMAX Exchange where there are no monthly fees from LMAX Exchange. But nothing mentioned about IB...I am not even sure whether API service is charged by IB. Is there a charge for that by IB?

Last question: I can see you have access to FXCM (on platform), but nothing is mentioned on webpage or u. Is that service discontinued? or it is not FX related. n

Thanks
[2020-04-15 11:15:22]
Sierra Chart Engineering - Posts: 104368
Are there only 2 FX platforms / trade services that Sierra talks to or has interface with to trade Foreign Exchange?
Yes.

Which one would you recommend to use for that? IB or LMAX.
From our perspective LMAX is going to be more reliable technically. But you really have to make this choice yourself.

Is there a charge for that by IB?
No.

We do not recommend FXCM for trading.
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
[2020-07-02 16:29:19]
User38606 - Posts: 80
Hi, to return to this topic. After careful analysis - neither LMAX nor IBs may be suitable I think. They have extremely high commissions.
For instance, opening and closing a 1 mio position is like 50 USD on top of bid ask spread. That is insane.

There should be options: I have an account with FX Pro. How can I connect Sierra to FX Pro. Is that possible? It can't be just 2 services that Sierra talks to for FX. Can you advise what are the options. Everyone has API....it should be doable.
[2020-07-02 17:13:51]
Sierra Chart Engineering - Posts: 104368
That is not supported and we have no interest in doing anything further with cash forex. We will not get involved in any further integrations in that area. You will need to look elsewhere.
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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