Custom Studies for Sierra Chart
The S3 and T3 Trading Systems have been updated to recognize Open PL when calculating the Daily Profit and Loss. These limits allow one to lock trading and flatten a trade when the desired Maximum Profit and Loss have been reached.
Simply restart on version 2927 or higher and open the files FC T3 V5.cht, FC S3 V5.cht, or FC S3T3 V5.cht. The default behavior is to have this enabled, but you can disable it in the study settings by setting “Include Open P/L in Daily P/L” to No.
The FC Risk Based Futures Position Sizer has been updated to address the following message in the message log: “Order Qty is less than the number of targets”
This message has been modified to address its true meaning: “Order Qty is Equal to Zero”. This means the risked amount is too low or the stop is too big.
An alert will pop-up should this happen, and you can set the alert sound number in the study settings.
In addition, a recent change includes the ability to have a fixed dollar amount for the maximum risk, bypassing the percent amount, and the balances.
Please update to version 2860 or above.
If you have not purchased the position sizer, you can read more about it here.
Send me your Sierra account name from Help>>About and I will set you up with a free 2-week trial.
brad@forgivingcomputers.com
Now Available: Export Drawings to CSV files and Import to any chart, in any chartbook, in any instance
More Info Here
The FC Advanced RIsk Management Tool has been updated with the following features:
1. Added the Option to Lock Trading when already in a position, preventing more than one trade at a time.
2. Added the Option to Disable the Trading Lock and use a Subgraph to control another study.
If you already own the tool, restart and open FC Advanced Risk Manager V2.cht You can download the latest user guide from My Downloads.
If you want to know more, click here.
For a limited time, get $10 off with this coupon code good through the end of 2025: LockOut10off
There have been many requests for a simpler version of the Forex Advanced Position Size Calculator, that supports Futures. After many delays the tool is ready for general release.
You can see more on the Risk-Based Futures Position Sizer product page.
Users of the S3 system are advised that a minor change has been made, which most won’t notice, but if your S3 study no longer works after a restart, then you need to update Sierra Chart to version 2755 or above.
The change removed the Text Tag from order, which appears in the Note column of the Trade Activity Log. This allows you to set your own Text Tag:
Move your stops and targets together. This tools adds a missing feature to Sierra Chart: The ability to modify a bracket in one step. The OCO Bracket Move Tools monitors your nearest stop and nearest target. If it detects a change, and the study is enabled, the other side of the brack order moves. Move the stop, the target moves. Move the target, the stop moves. On Sale now at $49.99. https://forgivingcomputers.com/product/fc-oco-bracket-move-tool-for-sierra-chart/
A popular indicator for determining trend, the StepMA is now available to Sierra Chart users. This tool is responsive to trend changes, and indicates range bound conditions with a flat line, which can keep you out of chop.
Click here for more information.
Have you ever wanted someone watching out for you, helping enforce your trading plan rules, and telling you when it is time to stop? Now you can add a custom study to any chart and have it keep track of:
This study can count these not for the day, but for the last so many minutes. When the triggers are met, all trading is locked, forcing you to wait, or make some adjustments.
The study can only see trades and profit/loss data on the chart it is attached to. However, when it locks trading, it locks for all chartbooks and charts. An Emergency Flatten button can get you out a position if the trading is locked.
Let’s say you want to lock trading (i.e. no new trades, no modifications, no exits) for 5 minutes if you have 3 consecutive losses in the last 10 minutes.
The on-screen summary panel looks like this:
If it gets to 3 losses, it will look like this:
Feature 1 handles the counts of Wins, Losses, and All trades.
Feature 2 handles the Cumulative loss
Feature 3 handles the Drawdown
Feature 4 handles Eight No-Trade Time Periods
Save 15% off the monthly subscription when purchased as the combined trading systems and chartbook and also get the original S3 and T3 packages included.
The popular S3 and T3 systems have joined forces with the S3 T3 V3.3 Auto-Trading System.
The left chart shows the S3 System, the right chart shows the T3 System. S3 is for short term “scalpiing” trades, and T3 is “Trade the Trend” which looks for longer term confirmation of trend baed on 3 different time frames. Either one or both can be enabled for autotrading. The charts include the latest versions of the S3 and T3 studies. When the S3 T3 combo is purchased, the S3 and T3 systems are also included as separate chart books.
Current subscribers to the S3 T3 combo are entitled to this latest update at no extra charge. Restart Sierra chart to get the new files.
More info here.