The complete Sierra Chart execution + analysis stack — position sizing, one-click orders, and automatic journaling with tick-level analytics
Trade Manager and Trading Journal are built to work hand-in-hand. When you enter a position with Trade Manager, the stop loss level you drew on the chart is automatically passed to Trading Journal — which means your R-values, MFE, and MAE are computed and recorded automatically, without ever entering anything manually. Every trade ends up in your journal with its exact risk reference, tick-level P&L curve, and context — ready for statistical analysis.
You trade with precision using Trade Manager, and every trade automatically lands in your journal. No more manual data entry. No more missed R-values. No more forgotten context.
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 works hand-in-hand with the Trading Journal. When you enter a position with Trade Manager, the stop loss level you drew on the chart is automatically passed to the Trading Journal — which means your R-values are computed and recorded automatically, without ever entering anything manually. Every trade ends up in your journal with its exact risk reference, MFE, MAE, and tick-level P&L curve, ready for analysis.
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 |
Auto Trading Enabled - Global must be turned ON in the Sierra Chart trading window — without it, the order buttons will not place trades. (Trade > Auto Trading Enabled - Global)