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STRATEGY · NINJATRADER 8

NUMEX Levels Renko

NUMEX Levels on ninZaRenko candles: a rejection on the reversal candle at the level, then a pullback after a confirmed break, with a trailing stop.

Type
Strategies
Platform
NinjaTrader 8
Deliverable
.cs file or compiled export

Logic

NUMEX Levels Renko brings the NUMEX Levels logic to a chart of ninZaRenko candles, the bar type from ninZa.co. Levels are still the horizontal lines you draw; the strategy only adds a one-minute clock to close the position at the exact time. Every threshold is a percentage of the Renko reversal, computed from the Brick Size and Trend Threshold you enter: 19 ticks on a 10/1 chart.

Reading the level is more direct than on Range Bars. After the contact, the strategy waits for the first reversal candle: bearish at a resistance, bullish at a support. If it closes far enough on the right side, the trade starts on its close; otherwise the contact is dropped and the level re-arms later. There is no trigger series, no bar window and no penetration threshold. A single close beyond the break threshold is enough to confirm the break.

The life cycle is the one of NUMEX Levels: one rejection trade per level and per session, the confirmed break is never traded and flips the level, then a single pullback trade after a minimum extension, before the level is set aside until the next session.

The stop sits behind the extreme since the contact, and the trade is refused if it is too wide. By default, a trailing stop follows the best price on every candle, and a fixed target in ticks is placed. Session guards are the same as in NUMEX Levels, over the full CME session by default. Semi-automatic mode is not carried over: Auto or signal-only. A CSV log records every signal.

Features

  • Same level life cycle as NUMEX Levels: one rejection, then one pullback, two trades at most per level and per session
  • A single series: the chart's ninZaRenko candles, with no trigger series
  • Rejection on the first reversal candle after the contact, with no bar window
  • Break confirmed by a single close beyond the level
  • Thresholds based on the size of a Renko reversal
  • Trailing stop updated on every candle, fixed target in ticks
  • Stays inactive with a clear message if the chart is not ninZaRenko

Parameters

  • Brick Size and Trend Threshold of the ninZaRenko chart (default 10/1, a 19-tick reversal)
  • Thresholds as a % of the reversal: contact 10%, rejection 33%, break 67%, extension 150%, re-arm 100%, each one overridable in ticks
  • Prefix of the lines read as levels (default: all), fallback prices, max active levels (default 12)
  • Structural stop (extreme + 2 ticks) or fixed (20 ticks), trade refused beyond 30 ticks
  • Trailing stop (default on, distance 100% of the reversal, from entry)
  • Target (default 31 ticks), breakeven and exit after a number of candles (default off)
  • Entry window 18:00–16:50, forced exit at 16:55, New York time
  • News pause (default 5 min), max trades per day (default 4), max consecutive losses (default 2), max daily loss (off by default)
  • Execution mode: Auto or SignalOnly (default Auto), quantity (default 1)

Screenshots

NUMEX Levels Renko

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