Sno invest Indicators: Candle Break Trader
SNOINVEST Candle Break Trader: Precision Order Placement with Smart Candle Following
A NinjaTrader Chart Trader add-on that places live stop orders at previous candle highs or lows, with intelligent order-following capabilities for improved entry positioning.
This indicator visually integrates into your Chart Trader panel, allowing you to place stop-market orders at the high (for longs) or low (for shorts) of the previous candle. Once placed, orders automatically follow new candle extremes until filled, continuously improving your entry position.
Seamless Chart Trader Integration: Loads directly as an indicator—not a strategy—providing uninterrupted access to its functionality without the constraints of fixed strategy conditions. It lives permanently on your Chart Trader panel, ready for immediate use.
Core Functionalities:
1. Dynamic Order Placement:
- Long Entries: Places stop orders above the previous candle's high + user-defined tick offset
- Short Entries: Places stop orders below the previous candle's low - user-defined tick offset
- Conditional Execution: If current price action is unfavorable (current candle higher for longs/lower for shorts), the system waits for the candle to close before order placement or choose to place a limit order instead for a retracement fill
- Live Order Integration: All orders are fully visible and manually adjustable within NinjaTrader's standard interface
- Works with your existing NinjaTrader ATM brackets for automatic bracket management
2. Adaptive Order Management:
- Following Mode (Default): Orders automatically adjust to track new candle extremes—longs follow lower highs, shorts follow higher lows
- Static Mode: Orders remain fixed at original placement price (toggle via indicator properties)
- Limit Order on Pullback: Places limit orders on missed entries for a retracement fill
- Real-Time Control: On-chart buttons for immediate tick offset adjustments and quick cancellations
Ideal For:
- Traders who enter on candle breaks (first candle to make a new high/low)
- Fast-market traders needing instant order placement
- Multi-instrument/screen traders managing simultaneous setups
Technical Advantages:
- Chart Trader Integration: Loads once as an indicator, permanently available without daily enabling
- ATM Compatibility: Switch easily between you existing NinjaTrader ATM strategies for bracket management
- Contract sizing: Adjust your contract size right from the Chart Trader
- Multi-Account Ready: Switch across your brokerage accounts without needing to reset
- Minimal Design: Operates alongside other tools with little interference.
One time payment - Lifetime updates.
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