Product Review: Sierra Chart by Dennis D. Peterson
A charting package for as low
as $17 a month and no fee
for the datafeed?! Sound too
good to be true? Fortunately,
it is the real deal for a few thousand subscribers of Sierra Chart.
The package interfaces with several
datafeeds, one of them being Interactive
Brokers (IB). If you open an account
with IB, pay a $5,000 deposit, and at
least $30 in commissions per month, a
$10 monthly fee is waived for a bundle
that includes Chicago Mercantile Exchange
(CME) products such as emini
and North American equities.
There are other ways to skin the datafeed
cat. You might look into brokerages that
use Transact Futures or Open E Cry,
both supported by Sierra Chart, to find
other free datafeed opportunities.
Sierra Chart started in 1996 as a oneperson
operation. The developer saw a need to provide an
inexpensive, easy-to-use software package
to trade stocks and commodities.
The company has since expanded. It has
the usual features for a charting package
and special wrinkles, making it a standout
(besides its price).