Discount Trading is an Official Sierra Chart broker offering low day trading margins and full routing support via Teton, Rithmic, or CQG.
Sierra Chart is compatible with our low margin and low commission structure for futures trading. We offer direct integration with Sierra Chart and the Teton, Rithmic, or CQG order routing system. Clients can trade directly from the Sierra Chart software with their Discount Trading brokerage account. Sierra Chart is a high quality trading and charting software solution and an excellent option for futures trading. Discount Trading is an official Sierra Chart broker. Open a Discount Trading account and start trading now.
| Low Margins | Teton Routing | Rithmic Routing |
|---|---|---|
| 24 Hour Trading | Mobile / Web Trading | Quick Account Setup |
| Fast Execution | $100 MNQ Day Trading Margin | $50 MES Day Trading Margin |
| Low Commissions | No Routing Fees | R|Trader Pro Included |
Sierra Chart is an advanced and complete software solution for trading. This platform has endless and unique customization capabilities. It provides almost limitless opportunities in customizing charts. The cost of the Sierra Chart platform is very low compared to its professional tools and abilities. It comes with an infinite amount of prepackaged tools or the option to edit or create your own from scratch. Using the Sierra Chart Advanced Custom Study Interface or the built-in Excel compatible Spreadsheets, clients can make their own trading systems, custom indicators, and studies.
Traders can make good use of the information rich message boards in the Sierra Chart online community. This online forum also covers dozens of frequently asked questions to help traders get started. The forum is updated regularly and contains information on changes and updates. The platform is always evolving to meet the needs of traders.
Sierra Chart supports most order types including OCO and Bracket Orders. There are over forty different order types. Sierra Chart also stores all of the order fill activity for demo/simulated and live trading within the Trade Activity Log. Traders can do extensive analysis and back testing with Sierra Chart's replay feature.
Sierra Chart has introduced a new mobile option. Place trades directly from the Sierra Chart website from any device. The mobile option is included at no additional charge for all clients using Teton order routing. Sierra Chart users can access their account from any web browser and see Working Orders, Balance, and place trades.
Rithmic's mobile app can also be used in combination with the Sierra Chart software if Rithmic order routing is chosen. The Rithmic mobile app can be obtained from the Apple/Android app store. This robust mobile app has charts, DOM, Custom Quote Board, and more. Rithmic web trading is also available on all devices. Rithmic Mobile is included at no additional charge for all clients using Rithmic order routing with Sierra Chart.
This is an ever evolving platform that is updated continuously. It is more precise, advanced, and faster than many other trading platforms available. While there is a learning curve, those determined to master the interface will find Sierra Chart exceptional. Industry wide, it is known that this particular software has been outstanding in terms of reliability. It is complete and very light on computer system resources. Many users commend it for its lag/bug-free experience.
Sierra Chart has been in business since 1996. Some may think the platform looks outdated, but when users look under the hood they see all the updates and upgrades - it is top-quality, well-engineered software. Sierra Chart aims their focus on what is important to users: performance and reliability. Users can keep things basic or use the infinite customization tools. Novice and elite programmers can use the software with Advanced Custom Study Interface and Language (ASCIL) code interface. It has 300+ built-in studies and over 40 order types.
From Basic to Advanced, Sierra Chart offers several software package options. The monthly price ranges from $20.80 per month up to $56. The price depends on how long you contract out with them - the longer the contract, the less you pay. You can pay monthly, every 3 months, or there is a 6 month option. Sierra Chart has remained very affordable over the years with only small price changes over time. Discount Trading will cover the cost of your platform for high volume traders - please inquire with customer service.
Integrated Packages 10, 11, and 12 can be connected to Rithmic, Teton, or CQG for futures trading. Rithmic or Teton are the preferred connections and offer low day trading margins.
Integrated Standard
Integrated Advanced MBO
Here are some highlights of using Sierra Chart with Discount Trading as your broker:
Also known as number bars, Sierra Chart's order flow capabilities include:
Once you have selected Sierra Chart as your trading platform, you will need to choose a trade route to the exchange. Discount Trading offers three trade routes: Teton, Rithmic, or CQG. The Teton and Rithmic connections are usually preferred for the lower day-trading margins available. During account setup, your representative will consult with you on which trade route to enable.
Discount Trading will provide you with the necessary Rithmic Username and Password. Go into the Sierra Chart trading program. Select Global Settings, then select Data/Trade Service Settings on the menu.
Click on the Service list box at the top of the window. Select Rithmic Direct – DTC (trading) from the list.
In Service Setting, enter your Rithmic trading account username and password (supplied by Discount Trading). These are case sensitive.
Under Server (List), use the dropdown to select the Rithmic 01 connection closest to where you reside. Then click OK.
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To connect to the data and trading server, select File then Connect to Data Feed on the menu.
The top left corner will turn green for a successful connection.
If a Message Log with errors opens, select File and click Disconnect to prevent further connection attempts. Review the setup steps above carefully. If needed, contact Discount Trading - we will work with Rithmic to resolve the issue.
Please provide Discount Trading with your Sierra Chart username. This can be found on the Sierra Chart login screen and in your Sierra Chart web login. We will activate your connection via Teton order routing.
Go into the Sierra Chart trading program. Select Global Settings, then select Data/Trade Service Settings on the menu.
In the Current Selected Service dropdown, select Teton CME Order Routing (trading).
In the Clearing Firm dropdown, select IronBeam. Click OK.
Select File then Connect to Data Feed on the menu.
The top left corner will turn green for a successful connection.
To open a Historical Chart, an Intraday Chart or a Trading DOM, select File and Find Symbol on the menu. Locate the symbol you want in the list and press the button.
Sierra Chart accepts many different order types including: Market, Limit, Stop, Stop-Limit, Market Limit, Market If Touched, Limit Chase, Trailing Stop, Trailing Stop-Limit, OCO Limit and Stop, OCO Buy Stop Sell Stop, and many more. All orders may not be available on all markets.
Create Historical charts with a bar period of Daily, Weekly, Monthly, Quarterly, Yearly, or any number of days. Historical data is automatically downloaded from supported services and saved locally. Historical charts are updated in real time so you always have a chart up to date with the latest trade.
Two or more charts and Trade DOMs within a Chartbook can be linked together. Chart linking allows you to maintain various settings among a group of charts that share the same Link Number. Access via Chart Settings >> Advanced Settings 2.
For each chart you want to link, set the same nonzero Link Number. Sierra Chart will use this number to link them together. The following Chart Linking types are available:
Open your Discount Trading account today and get started with Sierra Chart - official broker, low margins, full routing support.
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