Touch Only - Strategy for NinjaTrader 8

The Touch Only Strategy is a fully automated, custom-programmed strategy developed by Rize Capital to use with the NinjaTrader 8 trading platform. This strategy works with any instrument and any bar type, automatically executing limit orders only when price exactly touches your predefined support or resistance levels with exact tick precision to eliminate false entries and premature fills. The strategy operates by monitoring two key price levels—a long touch price (buy level) and a short touch price (sell level)—and places orders only when the market precisely reaches these levels, as shown in Image 1 (pointed by white arrows).

The strategy provides comprehensive on-chart feedback messages that inform you of execution status, invalid setups, or reasons why orders weren't filled (Image 2; pointed by an white arrow), ensuring complete transparency at every step.

Touch Only features intelligent bracketing logic that only activates when the current price starts between your defined long and short touch levels. If price begins outside this bracket, the strategy automatically locks and displays a clear message preventing invalid setups. This ensures disciplined execution and protects you from entering trades when market conditions don't match your defined levels.

The strategy incorporates strict one-trade-per-touch discipline with automatic lockout functionality. Once a valid order is placed at either the long or short touch price, the strategy immediately cancels the opposite side and prevents re-entry until you manually reset it for the next setup. This disciplined approach eliminates over-trading and keeps your execution clean and controlled.

Touch Only includes fixed stop loss management with optional trailing stop functionality that can be configured through the parameters panel (highlighted with a red rectangle in Image 3). Once your limit order is filled at the exact touch price, a protective stop loss is immediately placed at your defined tick distance. You can enable trailing stops that follow price as the trade moves in your favour, progressively locking in profits while giving the trade room to develop. It's important to know, when trailing stop loss value > 0, it takes precedence over stop loss i.e., only trailing stop loss would execute and trail. So, if you don't want to use trailing stop, rather only want to set the fixed stop loss, make sure your trailing stop value is set to 0 which is set by default.

The strategy provides extensive message customisation options (highlighted with a blue rectangle on Image 4), including the ability to adjust text colour, outline colour, background colour, opacity, and font size for all on-chart notifications. Default settings use navy text with goldenrod backgrounds for professional contrast and high visibility on any chart type.

The trade quantity (position size), stop loss distance, and trailing stop parameters can be fully customised through the parameters panel. You can also choose to trade only the long side, only the short side, or both directions simultaneously by setting the unused touch price to zero, allowing complete flexibility based on your market outlook or trading preference.

It is strongly advised to keep the core logic intact (exact tick matching, bracketing validation, lockout discipline) to ensure proper functionality, though all price levels, risk management parameters, visual settings, and message displays can be adjusted to match your specific trading requirements. When you purchase the Touch Only Strategy from Rize Capital, you receive complete NinjaScript source code with full ownership rights, providing total freedom to modify and enhance the strategy as needed.