This guide covers all order entry features in WealthCharts, including the Trading DOM, order types, bracket orders, on-chart trading, position management, and the Trade Copier for mirroring trades across multiple accounts.
Important Copy Trading Rules
Copy trading (using Trade Copier or any method) is allowed on Tradeify, but you may only copy trades between accounts that you personally own and manage. Copying trades from or to accounts owned by other people is strictly prohibited and may result in account termination.
Trading DOM
The Trading DOM (Depth of Market) is the primary order entry tool in WealthCharts. It displays a vertical price ladder showing:
Price ladder - Vertical list of price levels for the selected instrument
Bid/Ask columns - Number of contracts available at each price level
Your orders - Working orders displayed at their price levels
Position info - Current position quantity and average entry price
P&L display - Real-time profit/loss for your open position
The DOM includes lock and auto-center controls. Lock keeps the price ladder fixed in place, while auto-center scrolls the ladder to keep the current price visible.
Order Types
Market Orders
Market orders execute immediately at the best available price:
Buy Mkt / Sell Mkt - Click the Buy Market or Sell Market buttons at the bottom of the DOM
Join Bid / Join Ask - Place a limit order at the current best bid or ask price for potential price improvement
Limit & Stop Orders
Place limit and stop orders directly on the DOM price ladder:
Limit orders - Click on the bid column (buy) or ask column (sell) at your desired price level
Stop orders - Right-click on the price ladder to place stop orders at specific levels
Adjusting orders - Drag working orders up or down the price ladder to modify the price
Time in Force
GTC (Good Till Cancelled) - Order remains active until filled or manually cancelled
Day - Order expires at the end of the current trading session
Bracket Orders
Simple Bracket
A bracket order automatically attaches a take-profit and stop-loss to your entry order:
Set your take-profit target (number of ticks/points above or below entry)
Set your stop-loss level (number of ticks/points for risk)
Optionally enable trailing stop to follow price in your favor
Optionally enable breakeven stop to move stop to entry after reaching a specified profit
Multi-Bracket Orders
Multi-bracket orders let you set multiple take-profit levels for scaling out of a position. For example, you can take profit on half your position at one target and let the rest run to a second target. You can save bracket configurations as strategies for quick reuse.
On-Chart Trading
Order Panel
WealthCharts allows you to trade directly from the chart using the built-in order panel. Enable it from the chart toolbar to see buy/sell buttons and order quantity controls overlaid on your chart.
Right-Click Order Entry
Right-click anywhere on the chart to access a context menu with order options. You can place buy or sell orders at the specific price level where you right-clicked, including limit orders, stop orders, and bracket orders.
Position Management
WealthCharts provides quick-action buttons for managing open positions:
Flatten - Close your entire position at market price
Reverse - Close your current position and open an equal position in the opposite direction
Cancel All - Cancel all working orders for the current instrument
Scaling - Add to or reduce your position size. Positions follow FIFO (First In, First Out) order.
Trade Copier
What is Trade Copier
Trade Copier mirrors trades across multiple accounts simultaneously. When you place a trade on one account, it is automatically replicated on all other selected accounts. This is equivalent to Tradovate's Group Trading feature.
Setting Up Trade Copier
To configure Trade Copier:
Open Main Menu and navigate to Trade Copier
Create a new strategy or select an existing one
Check the accounts you want to include in the copy group
Set the ratio for each account (e.g., 1:1 to copy the same quantity, or 1:2 to double)
Configure cross settings if trading between mini and micro contracts
Select the symbols to copy
Activate the strategy
Important Rules & Limitations
Session-based - Trade Copier must be re-activated each session. It does not persist when you log out.
No duplicate symbols - Each symbol can only appear in one active Trade Copier strategy at a time
Flatten behavior - When you flatten a position on the lead account, all copied accounts flatten as well
Only your accounts - You may only copy trades between accounts you personally own and manage