Price Based Entry Orders

Price Based Entry Orders is an Enhanced Chart Trader module that submits and auto-manages pending entry orders at specific price levels with a single click. It works trailing Stop or Stop Limit entries that continuously update as each bar develops until they fill or you cancel, so you no longer have to manually re-place orders every time a bar closes.

It is built for traders on Renko and Range charts who lose money to slippage on reversal bars. The Known Close Entry works an order at the known close to minimize slippage on Renko reversals, while continuously updating Range bar entries as the current bar forms, making it ideal for active price-action traders on these bar types.

Yes. As a NinjaTrader 8 desktop add-on, its Known Close Entry is compatible with Range, Renko, UniRenko, ninZaRenko, and tdRenko bar types. The High / Low Entry also supports Tick, Volume, Second, and Minute bars, so Price Based Entry Orders covers both standard and custom chart configurations.

A standard stop order is static, so on Renko or Range bars you must keep cancelling and re-submitting it as new bars print. Price Based Entry Orders turns the order into a self-managing trailing entry that updates automatically at the price level, indicator plot, or previous bar high/low you choose — and one more click on the active button cancels it instantly if your setup becomes invalid.

For traders who frequently re-enter on Renko and Range bars, the one-click submission and continuous auto-updating directly reduce slippage and eliminate the tedious manual order management that costs both time and fills. With Known Close, High / Low, and Indicator Plot entry options built into the Enhanced Chart Trader, the $395 module pays back through cleaner, faster entries on every setup.