NUMEX Renko Reversal Limit
Trades Renko brick reversals with a limit order behind the close, with an OCO-linked stop and target.
- Type
- Strategies
- Market
- ES
- Platform
- NinjaTrader 8
- Deliverable
- .cs file or compiled export
Logic
Renko Reversal Limit is designed for ES on ninZaRenko 30/5 bricks, with Tick Replay. A signal appears when a brick changes colour from the previous one, provided both bricks have a full body and belong to the same session. If price jumps past the close, there is no signal. No delta filter is applied.
After a bullish brick, the strategy places a buy limit one tick below the close; after a bearish brick, a sell limit one tick above. The order stays live for two bricks and is then cancelled. A market mode is available for comparison. On fill, a stop and target in ticks are placed and linked as OCO.
One trade at a time. Before the daily break, any pending order is cancelled and the position closed. By default the strategy refuses live accounts. It also compares the account position with its own and blocks entries if they differ. A CSV log records every decision.
Features
- Signal on a colour change between two full bricks of the same session
- No signal after a price jump
- Limit order valid for two bricks, then cancelled
- Stop and target linked as OCO on fill
- One trade at a time, exit before the daily break
- Live accounts blocked by default, account position check
Parameters
- Stop (default 100 ticks), target (default 60 ticks)
- Entry mode: limit or market (default limit)
- Limit order offset (default 1 tick)
- Order validity (default 2 bricks)
- Brick body size (default 30 ticks)
- Quantity (default 1, up to 10)
- Exit before session end (default 60 s)
Screenshots
Futures trading involves a risk of capital loss. Our tools are decision-support software, not investment advice. Past performance is not indicative of future results.