Professional position sizing & risk management for Sierra Chart. Eliminate manual calculations and emotional decision-making.
[Core Principle]
Your risk per trade should remain the same regardless of stop distance. RiskGuard Pro calculates contract quantity automatically so your dollar exposure stays consistent.
Stop distance changes. Position size adapts. Dollar risk remains locked.
[The Problem]
Trading the same number of contracts every time guarantees inconsistent risk exposure. Standard tools don't address this structural gap.
| Problem | Consequence |
|---|---|
| Fixed contract sizing | Inconsistent risk exposure across trades |
| Manual position calculation | Errors under live market pressure |
| Disconnected calculators | Gap between analysis and execution |
| No risk profile switching | Same approach for all market conditions |
These gaps compound over time, eroding edge and capital
[How It Works]
The study monitors your orders, detects stop distance, and modifies position size instantly. No manual intervention required.
With attached stop-loss and take-profit via Trade Window
Study identifies order structure and stop distance
Contract quantity computed from risk parameters
Entry order adjusted to calculated quantity
Contracts allocated across take-profit levels
[Core Features]
Built for serious futures traders who understand that consistent profitability comes from disciplined risk management.
Contract quantity calculated based on your actual entry and stop prices, not estimated values.
Switch between different risk profiles with one click for various market conditions.
Split positions across up to 10 take profit targets with custom percentage allocation.
Live display of R:R ratio, risk amount, contract distribution, and position status.
Risk a percentage of your live account balance that scales automatically as account grows.
Intelligent detection when broker limits position size with automatic TP recalculation.
Automatic .twconfig file loading when switching between risk presets.
FLATTEN and CANCEL ALL buttons for instant position and order management.
[Risk Profiles]
Switch between risk profiles with one click. Each profile links to its own Trade Window Configuration and Text Tag for automatic trade categorization.
Risk Profile Examples
| Profile | Risk | Use Case |
|---|---|---|
| Profile 1 | 100% | High-conviction setups |
| Profile 2 | 75% | Normal setups |
| Profile 3 | 50% | Experimental or volatile phases |
| Profile 4 | 25% | Learning new strategy |
| Profile 5 | 10% | Minimal risk testing |
TP Distribution Patterns
| Pattern | Levels | Use Case |
|---|---|---|
| 100 | 1 TP | Scalping, quick exits |
| 50,50 | 2 TPs | Balanced approach |
| 50,30,20 | 3 TPs | Trend following |
| 40,30,20,10 | 4 TPs | Swing trades |
[Trading Workflow]
From pre-session preparation to post-session analysis, RiskGuard Pro supports every phase of your trading process.
01 / Pre-Session
02 / Live Trading
03 / Position Mgmt
04 / Post-Session
[Trade Analytics]
Every risk profile applies a Text Tag to trades automatically. Filter Sierra Chart Trade Statistics by strategy without manual journaling.
What You Can Analyze
Additional Insights
[Target Audience]
RiskGuard Pro is designed for intermediate to advanced traders who understand fundamental risk management concepts.
Built For
| Futures Day Traders | Multiple positions per session requiring fast, accurate sizing |
| Risk-Conscious Traders | Understanding that survival depends on controlling losses |
| Process-Oriented Traders | Recognizing consistency comes from repeatable processes |
| Scaling Traders | Positions spanning multiple contracts with intelligent TP distribution |
| Live Capital Traders | Zero margin for sizing errors when real money is at risk |
Not For
| Signal Seekers | This is position management, not an indicator |
| No Stop-Loss Traders | Requires defined stop to calculate risk distance |
| Full Automation Seekers | Does not place trades, only sizes them |
| Outcome Guarantors | Risk management improves process, not guarantee profits |
[Supported Markets]
Automatic detection distinguishes between standard and micro contracts. Separate max limits for each type.
[Configuration]
Configure once, then trade. All settings accessible through Sierra Chart study inputs.
| Setting | Purpose | Typical |
|---|---|---|
| Risk Amount ($) | Maximum dollar risk per trade | $50 - $500 |
| Risk Amount in % | Risk as percentage of account balance | 0.5% - 2% |
| Max Normal Contracts | Upper limit for standard contracts | 5 - 10 |
| Max Micro Contracts | Upper limit for micro contracts | 20 - 50 |
| Sync Stops | Link all stop orders together | Yes |
One less variable. One less opportunity for error. One less decision under pressure.
Explore RiskGuard Pro with a full-featured trial, or contact us for custom enterprise solutions.
[Integration]
No external software, data feeds, or subscriptions required. Operates entirely within Sierra Chart using your existing connections.
Analysis → Studies → Add Custom Study
Set risk parameters and profiles
Automatic sizing on every order
[Pricing]
Start with a free 3-day trial. Full feature access, no credit card required.
Perfect for testing your edge
Flexible access with cancel anytime
Best value for long-term traders
Own it forever with free updates