Ziggy Profile picture
Sep 20, 2022 9 tweets 3 min read Read on X
1/ I've gathered a list of my threads containing dozens of productive and useful tools that traders use.

Data, screening, charting, journaling, and more.

This is a mega-thread containing other #ToolTuesday threads I've made, and I'll continue to add new threads here.

🧵👇
2/

- Build databases
- Dashboard for data
- Custom twitter feeds

3/

- Chart trading & backtesting
- Notion web pages
- Crypto excel data
- TradingView charts embed anywhere

4/ Focus on 1 non trading specific tool:

- Notion web builder

5/

- Python trade bot example
- Drag drop algo builder
- Excel to Python or Python app communication
- Dashboard tool

6/

- Finance terminal for free
- Futures tools and education material
- Mind maps and boards
- Embed TradingView charts anywhere

8/ Crypto edition

- OI, funding, basis analysis
- DOM book depths aggreggated
- Funding Rate premiums
- Historical data
- API tutorial
- Multi-exchange connection for data and trading
- OTC and spread matrix

9/

- multi exchange depths on 1 chart
- Python data manipulation
- Journaling and databases
- News squawks
- Sierra Chart developer
- Custom Twitter feeds
- Stock scanner

• • •

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More from @ZigsOnTheBid

Apr 14
So you have a systematic idea you want to back test or forward test using automation, but have no idea where to start.
In this thread, I'll walk through the exact steps to loosely test these ideas. 🧵 Image
What's covered:
- Basic autotrader setup
- Add a signal, Long only, on bar close
- Run the test
- Review results

None of this is advice, this is purely entertainment. Written for intermediate+ users, not beginners. Past results not indicative of future results. For testing only.
- In a new Sierra Chart chartbook, add a lower timeframe chart
- Simulation mode is ON, trading is UNLOCKED, SC Menu: Trade >> Auto Trading Enabled Global and Chart are both checked
- Add any studies you'll need for a signal, we'll call this study 1
Read 9 tweets
Aug 13, 2024
Running a more complex trading workspace?

Even if my charting needs are demanding one way I’m ensuring ultra high performance is splitting the processing load across copies or instances of Sierra Chart.

Sharing exactly how I do it in the thread below 🧵 Image
In this thread:
- The what and why behind multiple instances or copies
- Setting up multiple instances or copies

Perform backups before starting, read documentation, and know this is entertainment and educational, don’t blindly trust my posts.
The what and why: If a trader requires many charts open at once on any trading software, it can lower performance compared to say, 1 open chart. Traders with chart or study heavy workspaces often split up the processing load using multiple copies.
Read 10 tweets
Apr 23, 2024
Many traders don’t know that US Stocks can be charted and traded using Sierra Chart.

From blue chip to penny stocks, leverage a world-class platform across multiple assets.

In this thread I’ll walk through the basic steps to setup an IBKR + Sierra Chart connection. Image
This thread will be covering:
- Setup IBKR settings
- Setup Sierra Chart settings
- Setup Data feed
- Create a chart and route an order
Please note this is educational, this is not advice or a recommendation.

Do not approach me or Support at Sierra Chart with IBKR support questions, this is for more advanced users.

🚨Absolutely do not flood Sierra Chart support with anything IBKR related 🚨
Read 12 tweets
Apr 16, 2024
After watching hundreds of traders come and go from this business, there are some patterns and commonalities I noticed.

In this thread I'd like to share some of the most common things I noticed about newer traders, and their final moments before quitting the game. 🧵
Firstly, this is coming from a developing trader and not a whale, not a performance coach, and not the head of any prop firm.

Even without the professional experience, I’ve picked up quite a lot when it comes to other traders and my own behaviors.
Discipline.

Discipline issues for many is their last error they make ahead of walking away. If there is one thing I learned about this, is that if there are discipline issues in life, they are certainly bleeding over into trading.
Read 14 tweets
Sep 21, 2023
Every trader who uses Sierra Chart needs know about all of these features and studies within this thread.

I'll go over some of my top findings I've encountered while on my journey, and hopefully you find them valuable as well. 🧵 Image
First up is the Write Bar and Study Data to File study. This study will write data to a text file, which can easily be used by other applications such as Excel.

I create a file named EXPORT_1.txt in my Data folder, then set the output to match that name. Really useful study.
Image
Image
Next up is the Trade Management by Study study. Use values of another study or results of custom formula, set the prices of stop loss or target orders. This works in backtesting too.

Choose the study, enable the management, and watch as it controls the specified orders. Image
Read 5 tweets
Jul 28, 2023
Market makers can't see your stop loss orders, but they and everyone else can see your resting limit orders.

Traders use a depth graph to visualize this data, with different colors representing various order sizes.

In this thread, I'll show you how to set one up.🧵👇 Image
Before beginning, it’s key to have two things for Sierra Chart ready:

- Service package that supports this study, such as #11
- Activated depth of market data

Link:
https://t.co/1ZiSojaP8Dsierrachart.com/index.php?page…
- Open a new chart in Sierra Chart
- Add the Market Depth Historical Graph study
- Click to select it, then hit Settings

First is colors. Separately colored are Bids and Offers, then there are thresholds for that coloring. Typically, Range 0-1 = Small lots, 2 & 3 for bigger.
Image
Image
Read 7 tweets

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