Create a Smart Order using the Chart Position Tool

The Position Tool is a Trading View chart tool that lets you map out a trade setup directly on the chart by defining the entry, stop-loss, and take-profit levels. It automatically displays the percentage difference between each price as well as the risk-to-reward ratio.


Previously, placing a trade from a drawn setup required manually copying all values into the trade form, including the entry price, stop loss, and take profit levels.

Now, the setup can be converted directly into a smart order with a single click; then, simply enter the position size and place the order.


How to Find and Use the Position Tool


  1. The Position Tool is located on the chart sidebar under Forecasting and measurement tools.

Click on the little arrow to open the selection menu and choose the Long or Short position tool, depending on the desired setup.

Then, click anywhere on the chart or pick the price level for it to appear.



  1. Next, adjust the tool for Entry, Take Profit and Stop Loss if needed.
  2. To populate the trading widget with your prices, click the green (if Long) or red (if Short) arrow button on the tooltip.



  1. Entry, Take Profit and Stop Loss orders will appear on the Chart and the Trading Widget.
  2. Enter the Position size on the Trading widget and click on Place Order to create the orders on the exchange.



Smart Orders: Quick Start Guide

How to Use and Manage Order Presets

Understanding the "Chart" Widget of Altrady (Part 1)

Updated on: 29/05/2026

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