TRADE MANAGER

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.

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Automatic Position Sizing

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:

• Percent mode — risk is expressed as a percentage of your account balance. On live accounts, the balance is fetched automatically from Sierra Chart. On simulation accounts, you set it manually via the Account Balance input.
• Fixed $ mode — risk is a fixed dollar amount, regardless of account size.

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.

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One-Click Order Entry — 6 Order Types

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

• Stop loss is automatically attached at the drawn line level.
• Take profit is automatically set at 5x the stop distance (1:5 risk/reward).
• Orders are routed to live trade service or simulation automatically based on account type.

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Directional Filter

An optional toggle button cycles through three states:

• X — all order entry blocked (full lock)
• LONG only — only buy orders are allowed
• SHORT only — only sell orders are allowed

The current state is displayed as a text label on the chart. This feature can be enabled or disabled entirely via the study settings.

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Half Size — Close Half at Market

One button sends a market order to close exactly half of your current open position, whether long or short. Rounding mode is configurable:

• Floor (default) — rounds down (conservative, closes the smaller half)
• Ceil — rounds up (closes the larger half)

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Half Orders — Close Half via Limit or Stop

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.

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Configuration

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

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Requirements

• Sierra Chart with ACSIL custom study support
• A horizontal line drawn on the chart (using Sierra Chart's built-in drawing tool) before placing orders — this line defines the stop loss level
• Compatible with both live and simulation accounts