Sierra Chart Guides - Setting Up a Broker, Data, Live Account and Costs

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Disclaimer: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. I am sharing my opinion with no guarantee of investment gains or losses. You should never trade with money you can’t afford to lose. Prove profitability in a simulator before trading with real money.
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[@PriceActionVolumeTrader]

Custom Sierra Chart templates: www.priceactionvolumetrader.com/sierrachartbookstore Sign up for Sierra Chart: tinyurl.com/PAVTSIERRA

[@chuongnguyen111]

Another great video about Sierra Chart. Keep up with the brilliant work you that you do. Thank you, Sir!

[@mindblowntips]

Thank you for this video. I have been sim trading with SC and need to set up my live trade. You rock dude, really appreciate it. 🎉

[@JonesLarryG]

Love what you do for the retail trading community, my brother keep up the great work.

[@PriceActionVolumeTrader]

Appreciate that

[@Pranatesh_V]

Thank you!

[@MrRichforlife]

this video is the best ive seen, Sierra chart and data is so confusing, this made it very clear to me, thank you sir. Has it changed much since you uploaded this video?

[@PriceActionVolumeTrader]

No, it’s still current I believe.

[@epicalgerianvideos5499]

You nailed it sir

[@markfrance70]

Thanks for the video very informative

[@giuxster]

What a channel Sir, as crypto trader, was planning to start trading future instead, but was so lost in the moltitude of thing to know properly, you made most of my doubt clear, thank you so much

[@sadramistes]

As a starting trader thank you! you solve most of my questions :)

[@PriceActionVolumeTrader]

Great to hear

[@narinintasao9782]

Thank you so much🙏🙏🙏🙏

[@PriceActionVolumeTrader]

You're most welcome

[@Dxnny44]

Great help

[@rAdUxx98]

Great info and very helpful! ^^ Do you have any settings tips for the Forex part? - regarding technical settings mostly, for setting it up normally. Thanks in advance!

[@PriceActionVolumeTrader]

I've never used Forex in Sierra Chart so can't realize say the settings. But again, forex does not work with orderflow per se. So if I was trading Forex I would use only price action and volume profile which would be a lot easier done in TradingView in my opinion.

[@rAdUxx98]

@@PriceActionVolumeTrader Wow! Appreciate it for being so fast ^^ 🍻 Well, i only intend to do my analysis on Sierra with Vol Profile, Market Profile and FootPrint. So i would be curious if the last two would work :))

[@PriceActionVolumeTrader]

Not really. I'd focus just on VP. Some people apply orderflow to currency futures from the CME but the volumes there are very low.

[@costagolding5195]

thanks for the video great as always ,, just a couple of question for you please does this all work on a broker account without using future , to trade forex , and what broker do you recommend to use for the best leverage for retail clients , as the majority are standard 1/30 forex 1/20 indices kind regards

[@PriceActionVolumeTrader]

I know that forex data is free even with just their basic package 3 or 5. But as you know orderflow tools do not work in forex. Unless you use CME currency futures but volumes are very low on those. So when I trade forex all I use is Volume Profile tools. In which case you can just use TradingView which is cheaper and easier to use. I am based in the US so the choices for Forex brokers are very limited here and we can't trade CFD's. I use Oanda here. Which can connect directly into TradingView so that is how I traded forex. I think the max leverage for the US is eur/usd which is 50:1 I think. Other pairs are lower.

[@israellevibarak]

Thank yo for this superb clarification. I have a question though, I am using a ICM's cTrader and using Sierra just for analysis while I execute on cTrader. Am I right to reason that I only need the Package 11? I can use data feed from Denali just as good as long as it is not delayed. Please assist.

[@PriceActionVolumeTrader]

Yes. What markets do you trade? Futures? To get live CME data you need denali data feed (packages 10-12) and an active live CME data connection.

[@jamesmatias6886]

Great video, Sir. Thank you! Do you know anything about IRA accounts when trading futures, are there any restrictions on withdrawing profits if I am a foreigner and opened an IRA account with Dorman Trading? Should I ask Edge Clear or Dorman this question? Thanks again!

[@PriceActionVolumeTrader]

You should ask them. It will all be based on your countries guidelines or retirement account providers.

[@Koolhandluke1]

Thanks for the great videos. So if I just wanted to sim trade with live data, I have to sign up with broker and pay $57 a month?

[@PriceActionVolumeTrader]

If you need live data yes. For package 11 plus live CME data.

[@tz_user]

Hey very informative

[@PriceActionVolumeTrader]

Glad you think so!

[@tz_user]

@@PriceActionVolumeTrader Explaining the very basic things which few neglect is what it brings new mob to this field, And you did it right!, Thanks again! and I appreciate it

[@justy5365]

thank you, please keep doing sierra chart videos

[@PriceActionVolumeTrader]

Glad you liked them. Let me know any Sierra topics you want covered. I've already done about 12 of them so I am trying to find what else people want to learn to do on it that I can help with.

[@justy5365]

My 2nd comment was deleted 🙁

[@PriceActionVolumeTrader]

What was it? I did not see it.

[@justy5365]

Then probably youtube has deleted my comment. It was 5 ideas for future videos and an external link to Sierra Chart Forum. Maybe they didn't like that. I'll try to recall the 5 ideas.

[@PriceActionVolumeTrader]

Oh yeah, their spam algo will not allow external links in the comments. But yes, post the 5 ideas you had again.

[@user-hj1br4oj5q]

hi...thanks for your help and videos, i want to ask can i use sirra chart with Earn2trade with rythmic ?

[@PriceActionVolumeTrader]

Yes. You will need package 11with Denali Data active and live CME data enabled. And then on the data connection settings you select Rithmic Direct and use your username/password.

[@payafarhadbahman976]

Thank you very much for the explanation. Could you please let me know what if someone doesn't have a supported trading account? I have an account with Errante, which is using MT5 as its platform with no footprint charts. I need to access the CME E-mini/micro live data on Sierra charts. Is it possible? How? And how much do I have to pay?

[@PriceActionVolumeTrader]

You would need to find out what future companies work in your area. Are you in the US? You might need to pay the higher cost CME non professional data if you cannot set up a futures account. But maybe contact EdgeClear and ask.

[@payafarhadbahman976]

@@PriceActionVolumeTrader thank you very much for your time. I may have to pay the extra. I don't live in the US. Much appreciated

[@rayancuk9573]

Hi, can you please help me understand how profits are withdrawn from Edge Clear? Do I need to request a withdrawal via FCM or Edge Clear? And do you know if they accept deposits from WISE accounts through Dorman? Thanks in advance, the video explains a lot!

[@PriceActionVolumeTrader]

You need to request a wire transfer to your bank account to withdraw profits.

[@payafarhadbahman976]

Is there any way to filter out single and big volume trades in Sierra in a separate chart, be it limit or market orders? I believe it could show us more clarity. Thank you in advance.

[@PriceActionVolumeTrader]

I have a large trade indicator that comes standard in Sierra, and it can be set to whatever volume number you want. Then there is the times and sales windows (tape. Which you can put to cluster orders by time/type or by size as well. I don't use tape a lot really unless I want to try to gage strength and momentum when large executions start piling in.

[@payafarhadbahman976]

@@PriceActionVolumeTrader Tape only shows the market orders, right? Can you share how to find and adjust the large trade indicator you said? I am not Sierra savvy. Or if you can redirect me to a video on how to set it up. Much appreciated.

[@PriceActionVolumeTrader]

www.sierrachart.com/index.php?page=doc/StudiesReference.php&ID=390&Name=Large_Volume_Trade_Indicator I'll see when I have time in the future I can make a Sierra Guide video on it.

[@payafarhadbahman976]

@@PriceActionVolumeTrader You're a gem. I deeply appreciate it.

[@babacarthiam5948]

sir i already setup my gold sierrachart footprint with the dom so my question is how do i copy the same setup same footprint and dom setup for the rest of my currencies and other us3o and nas100 because i dont wana repeat the same setting for all those asset on sierra chart

[@PriceActionVolumeTrader]

Well you can either make copies of that .cht file and then change each one to the specific market you want. Or if you want them all under the same chartbook you can just right click the tab below for your current chart and click "duplicate chart" and then change the symbols of the new charts and they will have all the same indicators and settings of the original.

[@babacarthiam5948]

@@PriceActionVolumeTrader thanks

[@thatninotino]

Hi. Which futures broker that is supported by Sierra Chart would you recommend for international traders?

[@PriceActionVolumeTrader]

I personally use EdgeClear. I have also used in the past Tradovate. Unfortunately Tradovate works through CQG snd is not compatible with Sierra Charts Teton Order routing. So for me EC is the best choice.

[@supacarluva]

Thank you for this video :)

[@thephnxtrading]

So if I want to continue use my Live Account Amp Futures CQG Top of Book datafeed($4) with SC Pkg. 11, I'll only have to pay Sierra Charts $46/mo?

[@PriceActionVolumeTrader]

I am not 100% sure. I remember when I was with Tradovate they used CQG, and I had to pay an extra connection of $15/month to execute trades on Sierra with CQG.

[@Didz997]

If I only trade gold/forex would I benefit from the live data feed? thanks

[@PriceActionVolumeTrader]

If you only trade spot forex/cfds the data feed for that is free.

[@akim2007p]

Edgeclear have their own platform edgeprox, is it the same as sierra or different? Can I get account with edgeclear and use sierrachart or edgeprox and will it cost the same?

[@PriceActionVolumeTrader]

It is different. I remember looking at it and it looks like a clone of MotiveWave Platform, but sort of marketed for EdgeClear. It is a pretty good platform from the features I saw it has. I think edgeprox is free for edgeclear customers. Sierra you will have to pay separately.

[@shtormyt6101]

Can I also try sierra with trading evaluator (delayed) for 36 dollars package 5 without real funded account? As I know it has smart queue function and demo account balance, so it is better to learn how to trade with trading evaluator than with sim trade mod. Or not? Can you share your thoughts on this please, thanks!

[@PriceActionVolumeTrader]

I am not familiar with the trading evaluator you are referring too. Sierra's demo mode is very good. If you want the cheapest way to practice SIM on sierra just get package 5 and use the SC Data with delayed futures data and just practice as if it was live with the 10min delay. As long as you are not watching live charts you can pretend it is in real time and you do not need to open a futures account and pay for Denali/Teton plus CME, etc.

[@shtormyt6101]

@@PriceActionVolumeTrader OK, thanks

[@allfooballgoals]

Is there a play list of sierra charts only?

[@PriceActionVolumeTrader]

Trading Platform Guides kzbin.info/aero/PLMjHbB08aD6qL2E8r9DTO58q_3gFEFXTT

[@jdmthrash5042]

Even with the Sierra Chart Integrated package, are you still paying the $34.99 for the EdgeProX software?

[@PriceActionVolumeTrader]

I think so. Sierra always runs as a separate cost on it's own.

[@pablomarquez8921]

What if I just need live data for analysis with advance features I use my mt4 account to place trades will I just need to pay $46 a month ?

[@PriceActionVolumeTrader]

No, to qualify for the $12/month CME non pro live data you need to have a live futures account that you log in at least once a month. If not you'll have to pay a lot more for live data. But all the information is there on the website, you just have to do some research: www.sierrachart.com/index.php?page=doc/RealTimeDataFeedsAvailableFromSierraChart.php#UnderstandingAccessingDataFromCME

[@RavenRaven-se6lr]

Does “Edge clear “ Accept non US citizens? I’m from Australia 🇦🇺

[@PriceActionVolumeTrader]

I am not sure on that. I would just contact their support on the website.

[@RavenRaven-se6lr]

Would you think of us ring jigsaw Dom execution

[@PriceActionVolumeTrader]

I have not used Jigsaw, but am familiar with their platform. But I am also not a big DOM trader, but I know their DOM is one of the best.

[@hkazazi]

cme data is better than CQG? if i just trade E6 eurusd ? thanks

[@PriceActionVolumeTrader]

Well CME is the actual exchange where all the trade info comes from. So you have to have live CME data to trade any CME future instrument. CQG is a connection which some companies use (I know Tradovate uses it). In Sierra I use package 11 to have their Denali data Feed and the Teton order routing. That is the setup I use to trade ES/MES.

[@hkazazi]

@@PriceActionVolumeTrader thanks for your full information. Honestly as an Iranian I trade with MT5 but want to analyze with level 2 data . So I need real data without any real account 🥲

[@PriceActionVolumeTrader]

Yeah I am not familiar at all with the MT4/5 platforms, sorry I can't help you more on that

[@cryptomojo904]

Will Sierra work with Apex Funding or Bulenox

[@PriceActionVolumeTrader]

I know it works with Bulenox cause I used it last year. It just connects through Rithmic. All those trader funding companies like Earn 2 Trade, Leeloo, Top Step, etc work with Rithmic. So you need an integrated Sierra package (with Denali data) and then your rithmic credentials to log in.

[@osamaeguavoen6859]

How about using package 10?

[@PriceActionVolumeTrader]

If you choose package 10 (Integrated Standard) then you will get Denali data feed and teton order routing, but with the standard package you do not get access to market depth. That means any orderflow tools like delta, footprint charts, market profile, etc will not work. If you are only looking to trade with charts, basic indicators and volume profile then it's perfectly fine.

[@tequyla7019]

@@PriceActionVolumeTrader thanks for introduction, i love yours videos ! i ll take package 11 for looking a little the live session happen and Sieera comportment.

[@TheJOSUESTEVEN]

Hello, what a great video! I have a question if I buy package 11 does it come with real time market data included? Since I have a funding account and I use Ninja but I want to use Sierra Chart to analyze and Ninja to enter the operations. Since connecting with the same data provider on both platforms will not allow me to use them simultaneously. Can you help me with this question or give me some idea? Thank you so much!!!

[@PriceActionVolumeTrader]

Hey. I am pretty sure you would need live exchange data as well as the denali data feed. I think there is a way to have 2 simultaneous connections, but probably have to pay to add a second one. I'd look more into that.

[@amilaarunapriya696]

​@@PriceActionVolumeTrader "Hello, I'm from Sri Lanka, and many brokers don't list my country. I'm interested in using SC for analysis only. Can you please advise me on how to proceed? Which package and data feed to use for NASDAQ and S&P 500 Thank you!".

[@Raghavkhullar14]

Can i make another login for myself with another phone number ? Like i already have one i need another , Do i need to pay for another 56$ for a new phone number

[@PriceActionVolumeTrader]

I am pretty sure it is just one account per email when registering. You can probably put the same number but would have to have 2 different emails for the accounts if you want them separate. But yes, each account would need to pay it's own plan. Why would you need another login?