Rithmic Mobile Combined With Sierra Chart

Rithmic’s mobile app can also be used in combination with the Sierra Chart software IF the 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 that using Rithmic order routing with Sierra Chart.

Why is the Sierra Chart platform so great?

How much does the Sierra Chart platform cost?

Which Package is right for me?

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.

Highlights of Sierra Chart

Here are some highlights using Sierra Chart with Discount Trading as your broker…

• Low Day-Trading Margins

• $50 MES Margin

• $500 ES Margin

• Complete Charting Customization

• 300+ built-in studies

• Extensive Sierra Chart Support Board

• Chart Replay Function

• Sierra Chart fully supports the DTC (Data and Trading Communications Protocol)

• Advanced Time Price Opportunity (TPO) Profile Charts

• Market by Order (MBO)

• Volume Profile Interactive Drawing Tool

• Spreadsheet function with a direct connection to Microsoft Excel

• Global Profit/Loss Management

• Supports order flow tools (footprint chart, volume profile, market profile)

• Direct connections to all data and trading services. Sierra Chart does not use Java or .NET. Sierra Chart is programmed in native C++ code for the greatest speed and reliability

Order Flow with Sierra Chart (also known as number bars)

• Candle Stick Chart + Volume Profile

• Market Profile / TPO Chart

• Heatmap

• Bid x Ask Order Flow Chart

• Total Volume Order Flow Chart

• Delta Chart

• and more​…

Sierra Chart Connection and Routing Overview

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 to the exchange over Sierra: 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 what trade route you want enabled. See below setups for the three different connection options Rithmic, Teton, or CQG.

How to Connect to Sierra Chart with Rithmic order routing

Discount Trading will provide you with the necessary Rithmic Username and Password to access your account. You will need that before you can proceed. Go into the Sierra Chart trading program. Select Global Settings. Then select Data/Trade Service Settings on the menu.

You can then click on the Service list box on the top of the window. Select the Rithmic Direct – DTC (trading) option from the list.

In the Service Setting Click the Username setting and then enter your Rithmic trading account username (supplied to you by Discount Trading). The same username/password will be used for Trading, Market Data, and Historical Data unless your broker has instructed you otherwise.

In the Service Setting Click the Password box and enter your Rithmic trading account password provided. These are case sensitive so please make certain that you enter them exactly as provided by Discount Trading.

Server (List) Please use the dropdown to select the Rithmic 01 connection closest to where you reside.

Then Click OK.

Now, to connect to the data and trading server, select File then Connect to the Data Feed on the menu.

Top left corner will turn green for a successful connection.

If a Message Log with an error opens and displays error messages, then you should select File and click Disconnect to prevent further connection attempts. Carefully review the setup steps above again.

Service Connection Error: If there is a message displayed in the Message Log, in most cases it is a message from the Rithmic system. You need to read what it says and contact your broker at Discount Trading. The message should be self-explanatory. If not, your broker at Discount Trading will contact Rithmic for interpretation of that particular message.

After checking the connection settings in the Global Settings :: Data/Trade Service Settings window and your Rithmic account enablements with Discount Trading customer service, try connecting to the data and trading servers again by selecting File and Connect to Data Feed on the menu.

How to Connect to Sierra Chart with Teton order routing

Please provide Discount Trading with your Sierra Chart username. This can be found on the Sierra Chart login screen and also 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 Current Selected Service (List) dropdown please select Teton CME Order Routing (trading)

In the Clearing Firm (List) dropdown please select IronBeam.

Click OK.

Now, to connect to the data and trading server, select File then Connect to the Data Feed on the menu.

Top left corner will turn green for a successful connection.

Key Features of Sierra Chart

• Real-time data and Historical data, Charting, and Technical Analysis platform for the futures markets.

• High quality direct data connections for CME / CBOT / NYMEX / COMEX / Eurex / ICE

• All of the major data services and trading backends are supported: CQG, Rithmic, Teton, and Denali.

• OCO (order cancels order) and bracket order functionality are available on the server side, Sierra Chart uses this server side functionality for the greatest safety for OCO and bracket orders in case your personal computer becomes disconnected from your order entry provider

• Stable and highly customizable design.

• Uncomplicated interface that can handle the most demanding needs. Sierra Charts has been proven and trusted by investors/traders/brokers for over twenty years.

• Designed for both basic and advanced traders. Easy to use automated trading. Use our exclusive Chart DOM (depth of market) which is a functional Trading DOM fully integrated with charts.

• Sierra Chart is simple and easy to use. Download a demo today and see for yourself. All functions are easily found with features and flexibility for advanced users.

• Create custom studies, indicators, and trading systems using the Sierra Chart Advanced Custom Study Interface. There are also many add-ons developed by third party developers.

• Display historical market depth data on charts.

How to open a Chart or DOM

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 – Order Types

Sierra Chart has accepts many different order types including: Market, Limit, Stop, Stop-Limit, Market Limit, Market If Touched, Limit Chase, Limit Touch Chase, Trailing Stop, Trailing Stop-Limit, Triggered Trailing Stop, Triggered Trailing Stop Limit, Step Trailing Stop, Step Trailing Stop Limit, Triggered Step Trailing Stop, Triggered Step Trailing Stop Limit, OCO Limit and Stop, OCO Limit and Stop-Limit, OCO Buy Stop Sell Stop, OCO Buy Stop-Limit Sell Stop-Limit, OCO Buy Limit Sell Limit, Send Attached Orders - Position/Price, Limit if Touched, Bid Ask Quantity Triggered Stop, Triggered Limit, Trade Volume Triggered Stop, Stop with Bid/Ask Triggering, Stop with Last Triggering, Limit if Touched - Client, Market if Touched - Client, Trade Volume Triggered Stop-Limit, Stop Limit - Client, Triggered Stop, and Triggered Limit With Chase.

Certain order types are dependent on what the exchange will accept. (All Orders May Not Be Available on All Markets)

Sierra Chart – Charts

Create Historical charts with a bar period of Daily, Weekly, Monthly, Quarterly, Yearly, or any number of days. Historical data for the charts is automatically downloaded from various supported services. The downloaded data is saved locally on your hard disk in a text format. You have the ability to easily edit the data, if necessary. Historical charts are updated in real time, so you always have a chart which is up to date with the latest trade.

Different Drawing Tools within Sierra Chart:

• Pointer
• Chart Values/Crosshair
• Adjust Regions
• Hand
• Zoom In / Cancel Zoom In
• Line, Ray, Extended Line
• Chart Calculator
• OHLC Ray
• Vertical Line | Horizontal Line | Horizontal Ray
• Horizontal Level
• Parallel Lines
• Parallel Rays
• Linear Regression with Channel
• Raff Regression Channel
• Time Expansion
• Time Projection
• Fibonacci Fan / Percentage Fan / Speed Resistance Lines
• Gann Fan
• Type Text | Stationary Text
• Custom Text Drawing Control Bar Buttons
• Rectangle | Extending Rectangle | Ellipse
• Gann Grid
• Arrow
• Marker
• Draw Volume Profile
• Zig-Zag
• Cycle
• Reward/Risk
• Swing Marker
• Date Marker
• Pitchfork (Median Line Tool) | Pitchfork - Schiff Median | Pitchfork - Modified Schiff
• Price Retracement (2 point) | Price Expansion (2 point) | Price Projection (3 point) Tools
• And more

Chart Drawing Modification Functions include:

• Chart Drawing Properties
• Chart Drawing Alerts
• Move Drawing
• Copy and Move Drawing
• Adjust Drawing
• Copy and Adjust Drawing
• Make Line Parallel
• Snap to High/Low and Snap Side to High/Low
• Modify Text
• Erasing Chart Drawings
• Quickly Changing Colors / Line Style / Line Width
• Hide Drawing

Chart Linking - Sierra Chart

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. Chart Linking settings can be accessed through  >> Chart Settings >> Advanced Settings 2 on the menu.

Link Number: For each chart that you want to link together within the same Chartbook, set this to the same nonzero number for all of those charts and Sierra Chart will use this number to link them together.

For example, if you have 4 charts that you want to link together, then select the same Link Number for each of those charts. Next, enable one or more of the Chart Linking options documented below to select the type of Chart Linking that you want.

For example, if you have enabled Link Symbol and Link Bar Period for a particular chart and you change the symbol in another chart or the bar period in another chart that has the same Link Number, then the chart with these options enabled will be changed to match.

The Link Number will be shown in the title bar of the chart window. Example:  L5. 

The scope of chart linking is within a Chartbook. In other words, a Link Number is unique within a Chartbook. It is possible to use the same Link Number in different Chartbooks and have no association between the charts with that same Link Number that are in separate Chartbooks.

The particular Chart Linking option which is enabled on a chart, affects that chart if the corresponding action is performed in another chart with the same Link Number. So in other words, if there is chart 1 and 2, they both use the same Chart Linking number, and chart  1 has Chart Linking >> Scroll Position  enabled and chart 2 does not, then scrolling chart 2 will scroll chart 1.

The following are descriptions of the available Chart Linking options (Types). These different Chart Linking Types apply only to the chart for which they are set on, not to other charts.

•  Symbol:  When the symbol of a chart is changed, the symbol of other linked charts using this option will change to match.
•  Bar Period:  When the bar period of a chart is changed, the bar period of other linked charts using this option will change to match.
•  Scroll Position:  When the scroll position of a chart is changed, the other linked charts using this option will be scrolled to the identical position.
•  Session Times:  When the Session Times of a chart are changed, the other linked charts using this option will be changed to the same Session Times.
•  Studies:  When the studies of a chart are changed, the other linked charts using this option will be changed to have the exact same study configuration. This includes all of the studies and their settings.

If you are linking Studies through the Chart Linking feature, potentially there could be problems when using the Spreadsheet studies. This is true when the Chart Data Output Sheet Number input with the Spreadsheet study is set to a nonzero number.

If there are many studies on the chart, and/or a lot of days of data loaded in a chart, there are many charts linked together and you are using the  Chart Linking >> Studies  option, then potentially Sierra Chart can freeze for an extended time after changing the studies on one chart and all of the other charts are updated. This happens because the studies have to be recalculated on all of the charts that are linked together.

•  Link Days to Load:  When the Use Number of Days to Load >> Days to Load setting of a chart is changed, the other linked charts using this option will be changed to have the same  Days to Load setting. This setting also applies to the Use Date Range settings.
•  Link Bar Spacing:  When the bar spacing of a chart is changed, the other linked charts using this option will also have their bar spacing changed to match.
•  Link Trade Window:  When the Trade Window settings of a chart are changed, the other linked charts using this option will also have the same settings changed in their associated Trade Window. All of the settings on the Trade Window are linked.
•  Vertical Scale:  When the vertical scale of a chart is changed through Interactive Scale Range or Interactive Scale Move, or the Constant Range is changed when using a Constant Range scale, the other linked charts using this option will have identical adjustments made to their vertical scales.

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