Levels

[maxima]

Guys! Could you please explain what these 'levels' on Sierra website actually mean?

It says IB provides/supports (?) levels 3,10,4,8,5,9... What they are? And why is that strange sequence - 1 7 6 2 3 10 4 8 5 9...

What level is necessary to scalp FTSE future intraday?

 

[nine]

Sierra Chart - Description of Software Service Levels

It's a matrix with X's to mark what is supported in each level. Probably 3 is all you need. 4 has extra usability features but they are not essential for a short term trader.

 

[maxima]

Probably 3 is all you need. 4 has extra usability features but they are not essential for a short term trader.

Thank you. I've seen that chart. I just wanted to know - what each level delivers.

 

[nine]

Special Features == L4

* Detailed and reliable Historical Intraday Data for TransAct and OEC.
* Interactive Scale Control. This is invoked by clicking and dragging on the price scale area on the right side of the chart.
* Studies: Ask Volume vs. Bid Volume Study, Kagi Chart Study, Renko Chart Study, Three Line Break Chart Study, and Volume by Price Study.
* 3 Point Extension and Retracement, Gann Grid, and Angle Ellipse Highlight tools.
* Chart Drawing Alerts.
* All Trading Interface Features. For levels that do not include special features, TD Ameritrade users still have access to basic trading features except for Chart Trading and the ChartDOM (TM).
* ChartDOM (TM) - This is a fully functional trading DOM (depth of market) integrated with charts.

Standard Features == L3

Standard Features includes all features you see in the software or documented on this website, not including the other features and support for services expressed in the table above.

 

[maxima]

Thank you again. Will go with 3

I have opened IB account - as their unbundled fees are smaller than Mirus and OEC and 38ms ping to their Swiss server is the best.

Margin requirements 4 times higher than Mirus though

 

[nine]

IB are worried about markets and what will happen if too many customers get margin calls. On another forum a few months back there was much moaning about IB putting up margins.

Now, in Australia, we have seen a broker go bust after margin calls in the recent drop, leaving clients and investors wondering where their money went. It makes IB's conservatism quite attractive when they've got a large chunk of your money.