All-in-one trading panel for Sierra Chart — position sizing, order entry, and risk control
Trade Manager is an all-in-one trading panel for Sierra Chart that consolidates position sizing, order entry, position reduction, and directional filtering into a single, fully configurable study. Designed for active traders who need speed, precision, and risk control without switching between multiple tools.
Trade Manager calculates your order quantity automatically so that each trade risks exactly the amount you define — no manual math required.
Two risk modes available:
Real-time risk adjustment: Two dedicated ACS buttons (Risk Up / Risk Down) let you increase or decrease your risk level instantly, directly from your chart. The step size is configurable independently for each mode (e.g. 0.25% per click in percent mode, $100 per click in fixed mode). The current risk value is always displayed as a text label directly on the chart.
Draw a horizontal line on the chart to define your stop loss level, then click any of the 6 order buttons. The quantity is automatically calculated based on the distance between your entry and the stop line.
| Button | Order type | Entry price |
|---|---|---|
| Buy Stop | Stop order | Cursor position |
| Buy Limit | Limit order | Cursor position |
| Sell Stop | Stop order | Cursor position |
| Sell Limit | Limit order | Cursor position |
| Buy Market | Market order | Last price |
| Sell Market | Market order | Last price |
An optional toggle button cycles through three states:
The current state is displayed as a text label on the chart. This feature can be enabled or disabled entirely via the study settings.
One button sends a market order to close exactly half of your current open position, whether long or short. Rounding mode is configurable:
Places a passive order to close half your position at the cursor price. The order type is determined automatically:
| Position | Cursor vs last price | Order placed |
|---|---|---|
| Long | Above last price | Limit sell at cursor |
| Long | Below last price | Stop sell at cursor |
| Short | Below last price | Limit buy at cursor |
| Short | Above last price | Stop buy at cursor |
Same rounding mode (Floor / Ceil) applies as Half Size.
All 11 ACS button assignments are individually configurable — enter the real Sierra Chart ACS button number for each action directly in the study settings. Text label positions (X/Y), chart region, font size, and risk step sizes are all adjustable without editing code.
Default ACS button layout:
| ACS # | Action |
|---|---|
| 1 | Buy Stop |
| 2 | Buy Limit |
| 3 | Sell Stop |
| 4 | Sell Limit |
| 5 | Buy Market |
| 6 | Sell Market |
| 7 | Half Size (market) |
| 8 | Half Orders (limit/stop) |
| 9 | Risk Down |
| 10 | Risk Up |
| 11 | Direction Toggle |