REV – Exit
Further customize your NinjaTrader strategy with the Predators REV button. This buttons is used to set up a custom exit point for your strategy.
You will see a Symbol next to the REV Button:
⤷ 🚪= You can choose to Exit only when the REV button is activated.
⤷ 🔄 = Exit and Re-enter in the opposite direction.
Customize Your REV Button:
REV.OPP:
⤷ This function is used to Exit your trade when a VALID entry occurs in the opposite direction.
⤷ Valid Entries are defined by any Auto Entry selected within 02B. Auto Entries section.
⤷ Note that any Filters will also Apply. All conditions in the opposite direction must be true while it is currently in a trade.
REV.REV:
⤷ This function is used to Exit your trade when a REVERSAL candle CLOSES in the opposite direction.
⤷ Note that filters do NOT apply this option.
REV.REV examples:
⤷ You are Long and a red candle closes.
⤷ You are Short and a green candle closes.
REV.STOP:
⤷ This function is used to RE-Enter in the opposite direction if your STOP is hit.
⤷ Only executes if the Stop is hit. Will NOT Re Enter with a manual exit or if the Profit Target is hit.
REV.TGT:
⤷ This function is used to RE-Enter in the opposite direction if your PROFIT TARGET is hit.
⤷ Only executes if the Profit Target is hit. Will NOT Re Enter with a manual exit or if the Stop is hit.
REV.FLAT:
⤷ This function is used to RE-Enter in the opposite direction once you are in a FLAT position (Not in a trade).
⤷ Activates anytime you are Flat. So, if your Stop or Profit Targets are hit. Or if you manually exit.
⤷ Use this in combo with the Flatten All button to immediately exit and re-enter in the opposite direction
REV.CSTM:
⤷ This function is used to Exit with a custome defined Auto Entry.
⤷ REV.OPP requires the Auto Entry to be active.
⤷ REV.CSTM however, does NOT require the selected Auto Entry to be active.
⤷ Common example for use is Entering a trade with ONLY Engulfing Auto Entries. But using REV.CSTM to Exit on an MA Cross.
*NOTE* Due to certain limitations with Historical tests, many of the REV functions are limited to Real Time trading (or Market Replay).
Historical testing with these functions is not available at this time.