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Direct MessagesDate/Time: Thu, 25 Apr 2024 20:35:55 +0000
Paper trading on Sierra question
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| [2022-06-07 20:21:45] |
| Novitzky - Posts: 3 |
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Good day, I want to ask is for direction on how could I setup a paper trading account using Sierra Charts with Live Data Feed and how much would that cost and how would I need to set it up? Is a broker needed for paper trading? What route would you recommend me go to setup a paper trading account to use on Sierra Charts for a longer period of time. Thank you |
| [2022-06-07 21:15:42] |
| John - SC Support - Posts: 31117 |
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First, we recommend using our Simulated Futures Trading Service. This is setup where we have one of our servers acting as the marketplace, so the orders are more realistic.. Refer to the information here: Simulated Futures Trading Service Second, you can use the Simulated Futures Trading Service with our Delayed Streaming Data Feed. We have delayed data available for the CME Group, EUREX, CFE and NASDAQ TotalView. This data acts, in all ways, like the real-time data (including an option for the Simulated Futures Trading Service), except that it is delayed by 10-15 minutes (depending on Exchange). In addition, there is no cost to use the delayed streaming data, and it can be used with package 3 or 5. Refer to the information for the Delayed Streaming Data here: Delayed Exchange Data Feed If you want Real-Time data, then you will need to be on package 10 or higher and you will have to pay the exchange fees. In addition, if you are wanting data from the CME Group, then in order to get the lower-priced non-professional exchange fees you have to have a live, funded, futures trading account to which you can connect your Sierra Chart software at least once a month. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2022-06-08 07:38:01] |
| Novitzky - Posts: 3 |
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Okay, so I understand that to use real time data feed with a paper trading account I would need to order the Sierra Chart Package 10 or higher and have a live funded futures trading account from someone like AMP which I will connect to Sierra correct? My next couple of questions are what other exchange fees will I have to pay that you mentioned, where can I see them? And lastly where do I order the data from CME when I will want to paper trade? Do I order at Sierra or I will be able to order it a my funded futures brokerage? |
| [2022-06-08 15:40:06] |
| John - SC Support - Posts: 31117 |
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Okay, so I understand that to use real time data feed with a paper trading account I would need to order the Sierra Chart Package 10 or higher and have a live funded futures trading account from someone like AMP which I will connect to Sierra correct?
Correct what other exchange fees will I have to pay that you mentioned, where can I see them?
You can view the exchanges and their fees at the following link: Denali Exchange Data Feed: Supported Exchanges (Exchange Fees) And lastly where do I order the data from CME when I will want to paper trade? Do I order at Sierra or I will be able to order it a my funded futures brokerage?
You will need to get the data from us - Sierra Chart. When you are ready to get the real-time data for the CME Group, just follow the Setup Instructions at the following link: Denali Exchange Data Feed: *Setup Instructions: CME/CBOT/NYMEX/COMEX Exchanges* For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2022-06-08 18:47:27] |
| Novitzky - Posts: 3 |
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Thank you so much for your answers! All is understood now.
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