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Date/Time: Fri, 19 Apr 2024 12:09:45 +0000



Newbie question on Interactive Brokers // Sierra Chart

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[2020-06-29 22:51:47]
maxm1987 - Posts: 104
Hello there,

I am fairly new to trading and have especially software related questions and how different software interacts with one another.

I have an Interactive Brokers account coupled with there TWS platform. Since they do not offer market profile to my knowledge I now wanted to incorporate Sierra Chart into my trading.

My comprehension problem is that I do not understand how these two (TWS and Sierra Chart) interact with each other. Here my questions specifically.

1. Is Sierra Chart a standalone product, like the TWS from IB, which has its own data feeds and which I can fund with my bank account to do everything just using Sierra Chart?

2. I read that you can integrate Sierra Chart with you IB account but is there any advantage in that assuming Sierra Chart offers its customers its own data feed?

3. Assuming Sierra chart is not a standalone product (which I do not know) can you briefly describe how I would use the TWS from IB Trader with your product?

These may seem very beginner questions but I am looking forward to your answer.

Max

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