Draw a horizontal line on the chart and the tool automatically executes the entry when price breaks that level. You decide the level, you control the risk, the tool fires the order.
The Breakout Entry Tool is a semi-automated tool for NinjaTrader 8. You mark the breakout level on the chart by drawing a horizontal line. When price crosses that line, the tool automatically enters in the direction you configure. Stop loss and take profit are defined by you — the analysis remains yours, the execution is automated.
Mark the level before the market opens. When price reaches it, the entry fires automatically — no need to stare at the screen waiting for the exact tick.
Define the breakout level before the data release. The tool enters on the initial move without indecision leaving you on the sidelines.
Mark the level you've been watching for hours. When price breaks it, you're automatically in — no mental delay of "do I enter or not?"
What's the difference vs ORB or Trend Flow?
ORB and Trend Flow are fully autonomous strategies — they decide when to enter and exit with no intervention from you. The Breakout Entry Tool is different: you still do the analysis, decide the level, and the tool only automates the moment of entry. It's the middle ground between trading manually and delegating everything to the algorithm.
Fully automatic strategy. Enters and exits on its own around the NY open. 68% win rate in backtest.
Always-in-market. Operates 24h Monday to Friday. Higher management complexity, higher capital required.
Risk Disclosure: Futures and forex trading involves substantial risk and is not appropriate for all investors. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past results are not necessarily indicative of future results.
Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
NinjaTrader® NinjaTrader® is a registered trademark of NinjaTrader Group, LLC. No NinjaTrader company has any affiliation with the owner, developer, or provider of the products described here, nor has any interest in, or provides any recommendation for the products or services described.