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EOB Ordering

Original price was: $596.Current price is: $268.

Overview EOB Ordering is an execution tool designed to place orders precisely at the close of a bar. Its core purpose is to eliminate human latency. Instead of manually waiting for a bar to close and reacting with a mouse click – often costing several seconds – the tool executes orders within milliseconds. Core mechanics 1. Defining Bar Bias EOB Ordering does not simply trigger orders at every bar close. It allows you to define what qualifies as a bullish or bearish bar before execution is triggered: Body-based definition: Compares the Close and Open of the bar Neutral Range: A…

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Description

Overview

EOB Ordering is an execution tool designed to place orders precisely at the close of a bar. Its core purpose is to eliminate human latency.

Instead of manually waiting for a bar to close and reacting with a mouse click – often costing several seconds – the tool executes orders within milliseconds.

Core mechanics

1. Defining Bar Bias

EOB Ordering does not simply trigger orders at every bar close. It allows you to define what qualifies as a bullish or bearish bar before execution is triggered:

  • Body-based definition: Compares the Close and Open of the bar
  • Neutral Range: A proprietary concept used to filter out weak or indecisive bars
  • Previous bar range: Requires the current bar to close outside the range of the previous bar

This flexibility helps ensure that orders are only triggered under conditions that match your trading logic.

2. “Active ‘Til Canceled” Mode

This is a key feature for reversal and pullback traders.

Scenario: You want to enter short on the first red bar after a series of green bars.

How it works: After clicking “Sell Down,” the tool remains in a waiting state. It ignores all non-qualifying bars and automatically submits a sell order immediately when the first qualifying red bar closes.

This removes the need for constant monitoring and eliminates reaction delays.

Supported Order Types

EOB Ordering supports multiple order types beyond standard market execution:

  • Market Orders: Executed immediately at bar close
  • Pending Orders: Includes Limit (LMT), Market If Touched (MIT), Stop (STP), and Stop Limit (SLM)

Pending orders can be based on various price points, including:

  • Bar close
  • Next bar open
  • High, Low, or Median of the completed bar

You can define an offset in ticks or pips from the selected reference price, allowing precise control over order placement.

Where it fits in your trading

  • Scalpers: Traders who require fast execution to reduce slippage in volatile conditions
  • Reversal traders: Those who rely on bar-based confirmation (e.g., first opposite-colored bar)
  • Non-time-based chart users: Such as ninZaRenko or other price-driven charts where bars can close unpredictably

 

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