TradeSingleLegTradier: Automate Equity & Options Orders in Excel

The TradeSingleLegTradier function helps you streamline the order entry process within Excel for both equity and single-leg options trades through Tradier. Instead of manually logging into a trading platform, you can generate a direct Tradier link or get an immediate output message regarding your order, helping you make timely decisions right from Excel.

Why Use This Function?

• Integrates Excel-based analysis with direct trade execution links.
• Simplifies both equity and single-leg options workflows.
• Minimizes input errors by validating data fields (e.g., quantity, order type, side).
• Dynamically handles Market, Limit, Stop, and Stop Limit orders.
• Eliminates repetitive broker navigation for each trade, saving time.
• Enables clarity by returning either a Tradier link or an informative message.

Use the function whenever you need to:

• Quickly generate a Tradier order link for a single-leg position.
• Validate your trade details (price, side, quantity, etc.) without leaving Excel.
• Trade US equities or options with confidence and speed.

How to Use in Excel

=TradeSingleLegTradier(TradeType, Symbol, Quantity, OrderSide, OrderType, [Duration], [SymbolOption], [Price], [TriggerPrice])

1. Enter this formula in a cell.
2. Provide mandatory parameters: TradeType, Symbol, Quantity, OrderSide, and OrderType.
3. (Optional) Provide Duration, SymbolOption (if trading options), Price, and TriggerPrice depending on your trade requirements.
4. The function either returns a link (titled "TradierLink") or an informational message (e.g., "Please check your inputs") right in your worksheet.
5. If a URL is returned, simply click it or follow the hyperlink instructions to complete the trade on Tradier’s platform.

Parameters Explained

Example Usage

Basic Examples

1. Market Order for Equities
   =TradeSingleLegTradier("equity", "AAPL", 10, "buy", "market")
   • Assigns a “buy market” order for 10 shares of AAPL.
   • If successful, returns a "TradierLink" hyperlink in the cell.
   • Clicking it opens the corresponding order on Tradier.

2. Limit Order for Equities
   =TradeSingleLegTradier("equity", "MSFT", 20, "sell", "limit", "day", , 300)
   • Attempts to sell 20 shares of MSFT at a limit price of $300, valid for the day.
   • If Price is omitted or 0, you’ll see an error about the limit price.

3. Option Market Order
   =TradeSingleLegTradier("options", "AAPL", 5, "buytoopen", "market", "day", "AAPL230120C00150000")
   • Buys to open 5 contracts of AAPL’s specified call option.
   • SymbolOption must be valid, else an error displays.

Advanced Scenarios

1. Option Limit Order with Trigger
   =TradeSingleLegTradier("options", "TSLA", 2, "buytoclose", "stoplimit", "day", "TSLA230317P00140000", 50, 45)
   • Closes 2 contracts of TSLA, triggered once the price hits 45 or above, executing at a limit of 50 if the trigger is hit.
   • For buy orders, Price ? TriggerPrice. If Price < TriggerPrice, the function returns an error.

2. Good-Till-Canceled (GTC) Equity Trade
   =TradeSingleLegTradier("equity", "AMZN", 5, "sellshort", "limit", "gtc", , 105)
   • Sells short 5 shares of AMZN at a limit of $105.
   • Remains active until canceled or executed.

3. Pre-market or Post-market Example
   =TradeSingleLegTradier("equity", "GOOG", 10, "buy", "limit", "pre", , 95)
   • Places a limit buy order at $95 for pre-market hours.
   • Using "post" similarly places during post-market hours, if allowed.

Common Questions and Troubleshooting

1. “Please check your inputs” Error
   • Often indicates a missing required parameter. Double-check TradeType, Qty, OrderSide, and OrderType (and SymbolOption for options).

2. What if I see “Order type is invalid?”
   • The function only accepts "market", "limit", "stop", or "stoplimit." Ensure you typed these correctly.

3. Why does the function return “TradierLink” instead of a direct URL?
   • To keep the cell tidy, MarketXLS replaces the actual hyperlink with “TradierLink.” Clicking the cell takes you to Tradier’s order screen.

4. Market Orders with Price or TriggerPrice
   • For "market" orders, these values can remain 0. A non-zero entry is ignored in the final link.

5. “Symbol option has an invalid format”
   • The function checks for correct option symbol structure. Make sure the length and format align with standard option codes.

6. Handling Edge Cases
   • Zero or negative Quantity leads to “Please check your inputs.”
   • Mismatch in side vs. trade type (e.g., “buytoopen” on an equity trade) returns “Order side is invalid.”
   • A missing or wrong Duration reverts to “day” or prompts an error if unrecognized.

Remember:

• This function helps generate direct order links or messages, but confirm final trades within the Tradier platform.
• Combining your analysis in Excel (e.g., real-time quotes, custom formulas) with quick link generation can significantly improve your workflow.
• Experiment with small quantity trades to ensure everything functions as expected in your setup.
• Market conditions, broker requirements, and general best practices still apply—always double-check your order details.