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PM Horizontal Line Strategy

This strategy has been requested by user. To make extremely flexible, it is realized as indicator.
The logic is : pick (click on the button ) and then click on the chart at the price level where you want to entry. The tool will draw 2 labelled horizontal line 1 for entry and 1 for stop loss.
Stop loss line label include risk that is calculated depending on numbers of the contracts. Each line can be set with different numbers of contracts. They can be changed dynamically until the line/price is not executed. If price hit the line - line will change his "status" to "Working" and will execute the trade Only if recent or following bar closes above/below the line. This method of placing pending/resting orders saves a lot of margin require for each placed order. It works like placing a "stealth" orders with implemented strategy. It can place BE stoploss and OCO type of orders/lines.

Download
Created By adtsystems
NinjaTrader Version 8
File Size .12KB
Create Date 12/07/2023
# of Downloads 786

Importing to NinjaTrader 8 is Easy!

To import your 3rd party app or add-on to NinjaTrader, simply follow these 3 steps:

  1. Download the app or add-on file to your desktop
  2. From the NinjaTrader Control Center window, select the menu Tools > Import > NinjaScript Add-On…
  3. Select the downloaded file from your desktop

Questions?

Visit the NinjaScript File Sharing discussion in the NinjaTrader user forum to interact with fellow traders and the NinjaTrader support team.

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