The realm of 20 microseconds is now in the hands of day-traders
The release notes of Sierra Chart 1793 [Release Date: 2018-08-24] state that the time it takes for Sierra Chart to package up an order and send it out is 20 microseconds...that's microseconds.
- Continued trading related performance improvements. These performance improvements are a major step forward for Sierra Chart to support high-performance trading for both small and large scale trading (thousands of orders a second). Initial testing shows that order submission from the chart out to the network takes less than 20 microseconds.
Why is this important?
SceetoBots allow you to proactively deploy specific trading bots that work best in the current market environment.
If the market is trending, you can deploy a SceetoBot that works best in a trend (but is not likely to work well in a stagnant market).
This approach gives you flexibility with automated trading.
Instead of a 'one-size-fits-all' approach to automated trading, SceetoBot traders can deploy bots that are geared to take advantage of specific market environments, price action patterns, and order flow patterns by proactively deploying bots that are staged in the right place and the right time to be triggered if all of the stars align (ie - if the bots particular trading rules are met).
If the SceeetoBot's trading rules are not met, the bot will either turn itself off, circle a bit longer, or be turned off by the trader - No Harm, No Foul.
This approach means no undue trading, guessing, or being a little late or a little too early with your mouse-click.
Once the action takes place on your chart, your SceetoBot that is running within Sierra Chart will notify Sierra Chart of what order you want placed and Sierra Chart will deploy that order in 20 microseconds.
As a further benefit if you co-locate you server in Chicago, the time to transmit that order to the exchange is also sub-millisecond.
Hence, scalping opportunities that may have eluded you in the past because you had to wait for the signal then click you mouse, are now within reach of your SceetoBot.
Free Trials are available here.