Sierra Charts Connection Instructions
Before trading with Sierra Charts you will need to purchase or lease a license from them. If you do not have one please contact Sierra Chart on their Support board to see what steps you will need to do to get a key with them. You will not be able to connect unless you have this key.
We do also recommend you download Rithmic Trader to keep track of your commissions and fees.
Please complete these steps before you move on to the connection to Sierra Chart!
Sign into your dashboard in order to fill out the one-time requirement from the CME, then you will not be asked to do this again. Please click here in order to complete this step.
- Launch the Sierra Chart platform. To connect please click on File >> Data/Trade Service Settings >> Select Rithmic TopstepTrader
In the Connection Details window please fill in the following:
- Server: Use Rithmic TopstepTrader
- Username: Found in Account Information email
- Password: Found in Account Information email
Here is an image of what the window should look like:
Click OK to close the Data/Trade Service Settings window.
In order to connect properly please ensure that Trade Simulation Mode is disabled (unchecked). Click on Trade >> Trade Simulation Mode >> if this is checked, please click to uncheck.
Here is what it should look like:
Click on File >> Connect to Data Feed.
You may need to adjust your product symbols before trading. You can view the process and format for product symbols here.
If you are still having troubles logging in Sierra Chart offers an extensive FAQ page and support board which you can access by clicking the links below.
Updating Commissions and Fees on Sierra Charts
Commissions and fees are not factored into the P&L for Sierra Chart users by default.To change this setting, follow the instructions below:
- To open the Global Symbol Settings window select Global Settings -> Symbol Settings -> Select the Symbol for the product(s) that you are trading.
Click on Additional -> Round Turn Commission
The Round Turn Commission field specifies the commission value as a currency value for a complete trade which includes both buy and sell order fills. This commission is multiplied by the Quantity of the order fills. So if the Quantity of the order fills is 5, then the commission is multiplied by 5. The Round Turn Commission applies to either the Symbol or Symbol pattern. Set your round turn commission value to be 3.70.
This commission value is used in the Trade >> Trade Activity Log Profit/Loss calculations when Apply Commission is enabled on the Trade Activity Log window. The commission is not used in the Profit/Loss calculations within the chart or Trade Window in the chart.
Here is an example with NKD: