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Sierra Chart® is a registered trademark of Sierra Chart Engineering. SCS is independent and not affiliated with Sierra Chart.

Desktop Application for Sierra Chart

SCS Trading Journal

Automated trading journal for Sierra Chart — track, analyze, and improve every trade

$13/mo

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19 KPIs + 14 Charts

Sharpe, Sortino, Calmar, Profit Factor, MFE/MAE, rolling averages, and more — all interactive with R-value and dollar toggle.

Sierra Chart Native

Automatic trade import, SCID tick data for intra-trade PnL curves, and one-click chart replay at exact entry time.

Monte Carlo Simulation

1,000 reshuffles of your trade sequence showing P5–P95 band, ruin probability, and worst-case scenario.

Features

  • 19 key performance metrics — Total R, Win Rate, Profit Factor, Expectancy, Sharpe, Sortino, Calmar, Recovery Factor, Max Drawdown, and more
  • 14 interactive charts — equity curve, daily P&L, R by time of day, drawdown, R distribution, MFE/MAE, rolling averages, Monte Carlo
  • Yearly heatmap + monthly calendar — GitHub-style grid showing every trading day color-coded by performance
  • Trade detail panel — entry/exit, R-value, MFE/MAE, intra-trade PnL curve from SCID tick data, notes, and checklist
  • Intra-trade PnL curves — tick-by-tick P&L from Sierra Chart binary SCID files with FIFO lot tracking
  • Monte Carlo simulation — 1,000 reshuffles showing P5–P95 band, ruin probability, and worst case
  • Trade comparison — select two trades for side-by-side metric and PnL curve comparison
  • Similar trade matching — algorithmic top-5 similar trades by symbol, direction, time, and checklist overlap
  • Automatic Sierra Chart import — watches your journal folder and imports new trades every 5 seconds
  • Three import formats — SC TradesList, CSV (TradesViz), and NDJSON live feed
  • One-click chart replay — opens the trade in Sierra Chart at the exact entry time with fill markers
  • Trade and session checklists — custom items with correlation analysis showing which habits predict profitability
  • Rules & risk management — max trades/day, max R loss, max $ loss, time windows, with violation tracking
  • Missed trade tracking — log entries you identified but did not take to measure opportunity cost
  • R-value and dollar display toggle — switch the entire journal between risk multiples and dollar amounts
  • Session detail panel — daily stats, running PnL chart, rule violations, screenshots, and session notes
  • Hour x Day heatmap — average R for each hour of each weekday to find your optimal trading window
  • CSV and PDF export — export filtered trades or the full dashboard with all charts
  • Supports 12 futures — ES, NQ, YM, RTY, CL, GC and their micro equivalents, plus custom symbols
  • Desktop application — runs entirely on your machine, SQLite database, no cloud, no third-party data sharing
  • Description

    Trading Journal is a desktop application purpose-built for Sierra Chart traders who want to track, analyze, and improve every trade they take. Unlike web-based journals that require manual entry and store your data on third-party servers, Trading Journal imports directly from Sierra Chart, reads tick-level data from your SCID files, and runs entirely on your machine with a local SQLite database. No cloud, no subscriptions to external platforms, no data sharing.


    Dashboard

    The main dashboard provides a complete statistical overview of your trading performance across any filtered date range, symbol, direction, or checklist combination.

    19 Key Performance Metrics

    Metric Description
    Total R Cumulative risk-adjusted return across all trades
    Win Rate Percentage of trades closed with positive R
    Profit Factor Gross profit divided by gross loss
    Expectancy Average R per trade — what you expect to gain per unit of risk
    Sharpe Ratio Risk-adjusted return relative to volatility of returns
    Sortino Ratio Like Sharpe, but only penalizes downside volatility
    Calmar Ratio Annualized return divided by maximum drawdown
    Recovery Factor Net profit divided by maximum drawdown
    Max Drawdown Largest peak-to-trough decline in cumulative R
    Max Drawdown Duration Longest period spent below a prior equity peak
    Average Win Mean R-value of winning trades
    Average Loss Mean R-value of losing trades
    Largest Win Single best trade by R-value
    Largest Loss Single worst trade by R-value
    Average Trade Duration Mean time in position across all trades
    Total Trades Number of closed trades in the selected period
    Long Win Rate Win rate for long trades only
    Short Win Rate Win rate for short trades only
    Consecutive Wins/Losses Longest streak of consecutive winners and losers

    14 Interactive Charts

    Every chart is interactive — hover for precise values, click to zoom, drag to pan.

    1. Equity Curve — cumulative R over time with high-water mark line
    2. Daily P&L — bar chart of net R per trading day
    3. R by Time of Day — scatter plot showing trade outcomes by entry hour
    4. Drawdown Chart — visualizes drawdown depth and duration from the equity peak
    5. R Distribution — histogram of trade outcomes with normal distribution overlay
    6. MFE Distribution — Maximum Favorable Excursion histogram showing how far trades went in your favor
    7. MAE Distribution — Maximum Adverse Excursion histogram showing how far trades went against you
    8. MFE vs R Scatter — plots final R against MFE to identify trades where you left money on the table
    9. MAE vs R Scatter — plots final R against MAE to evaluate stop placement efficiency
    10. Rolling Win Rate — moving average of win rate over a configurable window
    11. Rolling Expectancy — moving average of per-trade expectancy
    12. Rolling Profit Factor — moving average of profit factor
    13. Monte Carlo Projection — simulated equity paths with confidence bands (see Monte Carlo section below)
    14. Cumulative R by Symbol — stacked area chart breaking down cumulative R per traded instrument

    Yearly Heatmap

    A GitHub-style contribution grid covering the full calendar year. Each cell represents one trading day, color-coded from deep red (worst days) through neutral gray to bright green (best days). Hover over any cell to see the date, net R, and number of trades. Instantly spot weekly patterns, cold streaks, and your most productive periods.

    Monthly Calendar

    A traditional calendar view where each day displays its net R, number of trades, and a color indicator. Click any day to navigate to the session detail panel for that date.

    Hour x Day Heatmap

    A grid with hours of the day on one axis and weekdays on the other. Each cell shows the average R for trades entered during that specific hour on that specific day. Use this to identify your optimal trading windows and the time slots where you consistently underperform.

    Checklist Correlation Analysis

    A table showing each of your custom checklist items alongside the average R of trades where that item was checked versus unchecked. Reveals which pre-trade habits and conditions actually correlate with profitability, and which ones are noise.


    Trades Page

    Sortable Trade Table

    All trades displayed in a filterable, sortable table with columns for date, symbol, direction, entry price, exit price, R-value, MFE, MAE, duration, and checklist completion. Click any column header to sort. Use the filter bar to narrow by symbol, direction, date range, or minimum/maximum R.

    Trade Detail Panel

    Click any trade to open its detail panel:

    • Entry and exit — exact prices, times, and order types
    • R-value — final risk-adjusted outcome
    • MFE and MAE — maximum favorable and adverse excursion during the trade
    • Intra-trade PnL curve — tick-by-tick profit and loss chart reconstructed from Sierra Chart binary SCID files using FIFO lot tracking (see below)
    • Notes — free-text notes attached to the trade
    • Checklist — trade-specific checklist items with check/uncheck state

    Intra-Trade PnL Curves

    Trading Journal reads Sierra Chart's binary SCID tick data files to reconstruct the exact tick-by-tick P&L of each trade. The engine uses FIFO lot tracking to correctly handle scale-ins and partial closes. The result is a precise chart showing exactly how the trade evolved from entry to exit — where it pulled back, where it extended, and how the final exit compares to the best and worst points during the trade.

    This is not an approximation from bar data. It uses every recorded tick to produce the highest-resolution P&L curve possible.

    Trade Comparison

    Select any two trades to open a side-by-side comparison view. Both trades are displayed with their metrics (R, MFE, MAE, duration) in parallel columns, and their intra-trade PnL curves overlaid on the same time axis. Useful for reviewing similar setups that produced different outcomes.

    Similar Trade Matching

    For any selected trade, the algorithm identifies the top 5 most similar trades in your history. Similarity is computed from four dimensions: symbol match, direction match, time-of-day proximity, and checklist item overlap. Each similar trade is displayed with its R outcome, letting you see how comparable setups have performed historically.


    Calendar Page

    Session Detail Panel

    Click any day on the calendar to open the session detail panel:

    • Daily statistics — net R, number of trades, win rate, profit factor, and average R for the session
    • Running PnL chart — cumulative R throughout the trading day, trade by trade
    • Rule violations — any risk management rules broken during the session (see Rules section)
    • Screenshots — attach and view chart screenshots for the session
    • Session notes — free-text notes for end-of-day review

    Session Checklist

    A separate checklist from the trade-level checklist, designed for session-level habits: pre-market preparation, post-session review, emotional state, etc. Each session can have its checklist items checked or unchecked independently.


    Missed Trades

    Log trades you identified but did not take. Each missed trade records the symbol, direction, entry time, the theoretical stop and target levels, and a reason for not taking it. The journal calculates what the R outcome would have been, giving you a running total of opportunity cost. Over time, this reveals whether your edge comes from the trades you take or the ones you skip.


    Rules & Risk Management

    Define trading rules with automatic violation detection:

    Rule Type Description
    Max trades per day Hard limit on number of trades per session
    Max R loss per day Stop trading after cumulative daily loss exceeds threshold
    Max $ loss per day Dollar-based daily loss limit
    Time window Only allow trades within defined hours (e.g., 9:30–11:30 and 13:00–15:00)

    Violations are tracked automatically and displayed on the session detail panel. The dashboard shows violation frequency over time, so you can measure whether your discipline is improving.


    Checklists

    Trade Checklist

    Custom checklist items that appear on every trade. Examples: "Setup matches playbook", "Volume confirms direction", "No news in next 30 minutes". Check or uncheck items for each trade individually.

    Session Checklist

    Custom checklist items that appear on every trading session. Examples: "Reviewed overnight levels", "Set daily loss limit", "Completed post-session review".

    Correlation Analysis

    Both trade and session checklists feed into the correlation analysis on the dashboard. For each checklist item, the journal calculates:

    • Average R when the item is checked vs. unchecked
    • Win rate when the item is checked vs. unchecked
    • Sample size for each group

    This transforms your checklists from a qualitative exercise into a quantitative tool — you can see exactly which habits and conditions are associated with better trading outcomes.


    Monte Carlo Simulation

    The Monte Carlo engine takes your actual trade results and reshuffles them 1,000 times to generate simulated equity curves. This answers the question: "Given the trades I've taken, how much of my outcome is skill versus luck?"

    The simulation produces:

    • Median equity curve — the 50th percentile path
    • P5–P95 confidence band — the range where 90% of simulated outcomes fall
    • P1 worst case — the 1st percentile outcome
    • Ruin probability — percentage of simulations that hit a user-defined drawdown threshold
    • Terminal R distribution — histogram of final cumulative R across all 1,000 simulations

    Sierra Chart Integration

    Automatic Import

    Trading Journal watches your configured journal folder and automatically imports new trades every 5 seconds. No manual export/import step required — close a trade in Sierra Chart, and it appears in the journal within seconds.

    Three Import Formats

    Format Source Description
    SC TradesList Sierra Chart native Direct import from Sierra Chart's TradesList export
    CSV TradesViz or custom Standard CSV format compatible with TradesViz exports
    NDJSON Live feed Newline-delimited JSON for real-time streaming from custom tools

    SCID Tick Data

    Trading Journal reads Sierra Chart's binary SCID files directly to reconstruct intra-trade PnL curves at tick resolution. Point the journal to your Sierra Chart data folder and it automatically locates the correct SCID file for each trade's symbol.

    One-Click Chart Replay

    From any trade detail panel, click the replay button to open Sierra Chart at the exact date and time of the trade entry, with fill markers showing your entry and exit points. Review the price action around your trade without manually scrolling through charts.


    Display Mode Toggle

    A global toggle switches the entire journal between two display modes:

    • R-value mode — all metrics, charts, and tables display risk multiples (e.g., +2.3R, -0.8R)
    • Dollar mode — all metrics, charts, and tables display dollar amounts (e.g., +$460, -$160)

    The toggle applies everywhere simultaneously — dashboard KPIs, equity curve axis, trade table columns, session stats, and Monte Carlo projections.


    Supported Instruments

    Standard Micro Tick Size Tick Value
    ES MES 0.25 $12.50 / $1.25
    NQ MNQ 0.25 $5.00 / $0.50
    YM MYM 1.00 $5.00 / $0.50
    RTY M2K 0.10 $5.00 / $0.50
    CL MCL 0.01 $10.00 / $1.00
    GC MGC 0.10 $10.00 / $1.00

    Custom symbols can be added manually with user-defined tick size and tick value.


    Export

    CSV Export

    Export your filtered trade list as a CSV file. All columns from the trade table are included: date, symbol, direction, entry, exit, R-value, MFE, MAE, duration, and checklist items.

    PDF Export

    Generate a PDF report of the full dashboard including all 14 charts, the yearly heatmap, KPI summary, and checklist correlation table. Suitable for sharing with mentors, prop firms, or for your own records.


    Requirements

    • Windows 10 or later
    • Sierra Chart (for automatic import and SCID tick data)
    • No internet connection required — the application runs entirely offline

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