EOB Ordering

Description

Notice

Overview

“EOB” stands for End Of Bar; this remarkable NinjaTrader close-bar order tool is one-of-a-kind and compatible with ANY bar types.

Many traders opt to place orders exclusively at the end of a bar because this approach helps mitigate emotional reactions and provides more robust confirmations of trading signals. Nevertheless, being human, we naturally experience delays of several seconds (sometimes even tens of seconds), during which a rapidly moving market can shift by dozens of ticks.

No need to fret! Allow EOB Ordering to handle the challenge for you; it was crafted to streamline order placement to just a few… milliseconds (where 1 millisecond equals 1/1000 of a second).

Now, let’s unveil the EXTRAORDINARY power of EOB Ordering. Imagine the market (ninZaRenko chart) is trending upward with a succession of green bars, and you wish to automatically initiate a short position immediately after the first red bar (indicating a trend reversal). This task is exceptionally challenging for humans due to the lightning-fast pace of the market. Let EOB Ordering take care of the heavy lifting for you! Simply enable “Active ‘Til Canceled” in the settings, click the “Sell Down” button, and then… relax or attend to other tasks. From that point onward, our remarkable tool will continuously monitor bar bias from one bar to the next and autonomously place a SELL order at the close of the first red bar. For reversal or pullback traders, this is an extraordinary feature that is invaluable, worth well beyond $1000, $3000, or even $5000!!!

Key features:

• Execute market orders using EOB
• Place EOB pending orders: Limit (LMT), Market If Touched (MIT), Stop (STP), Stop Limit (SLM) (including predefined SLM offsets)
• Select the reference price type for pending orders: either the next bar’s first tick or the close, open, high, low, median, typical, or weighted price of the focused bar
• Specify the reference price offset for pending orders, measured in ticks or pips
• Utilize four preset quantities for ease of use
• Define bar bias (upward or downward) based on the bar’s body, i.e., the difference between its closing and opening prices
• Define bar bias (upward or downward) based on the neutral range, with an easy-to-understand explanation available here
• Determine bar bias (upward or downward) based on whether the focused bar closes outside the previous bar’s range
• View the real-time status of an EOB order
• Keep EOB orders active across bars with the Active ‘Til Canceled option
• Enjoy convenient management through a draggable and customizable control panel

Media

EOB Ordering

5 photos