Ed’s Retrace Plan (ERP): The Ultimate Indicator for NinjaTrader 8

Follow Ed’s Retrace Plan for Precise Entries

Using Ed’s Retrace Plan, the ERP indicator will show you exactly when and where to buy or sell on price pullbacks. The system is structured with a set of simple rules to help you make the most of market opportunities:

1. Identify Highs and Lows:
   Set the ERP minimum price move to a strength of 9 on a 4-range chart. This helps identify key market highs and lows.

2. Apply the ERP Indicator:
   The ERP Indicator is applied to the prices in that minimum move, defining the Retrace Zone where you can track trades more effectively.

3. Follow Price Percentage Levels & Price Zones:
   Use defined rules for price percentage levels, price zones, and trigger price boxes to determine entry and exit points, ensuring a consistent and reliable system.

4. Add Swing Indicator for Additional Insight:
   Use NinjaTrader’s built-in Swing indicator for a basic look at the price lows and highs. It’s a helpful starting point before diving into the more advanced ERP system.