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tool to enter on next up/down close


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tool to enter on next up/down close

  #1 (permalink)
 vickisb 
Sarasota FL
 
Experience: Intermediate
Platform: Ninja Trader
Trading: ES
Posts: 59 since Feb 2017
Thanks Given: 36
Thanks Received: 22

Is there a tool that will enter a trade on the next up close or down close?

I use UniRenko bars and have a UniRenko price indicator that paints on the chart the prices (high and low) that would create a new bar. Under certain circumstances, e.g., ABC pattern forming indicating an 'up' impulse coming, I would like to enter on the close of a reversal bar to the upside. I can manually do this by a) creating a limit order at the price that would create a reversal bar, then b) modifying the order to attach it to the UniRenko price indicator value that would create a new bar, but that's a lot of clumsy steps. I know of a proprietary tool (not cheap) that puts buttons on your chart to enter on next up close or down close, but was wondering if we have any such tool here or know of one that is less expensive for purchase.

Vicki

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  #2 (permalink)
 rscr 
san jose costa rica
 
Experience: Intermediate
Platform: trading station
Trading: forex
Posts: 22 since Jun 2014
Thanks Given: 135
Thanks Received: 9

Yes, most interesting, I also trade NQ & ES on NT8 using UniRenk.
NT8 provides 1 click trade option where your entry and close are preset. In fact other options allow settings for Break even & auto trailing stop loss.

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Last Updated on August 7, 2022


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