Wave Runner Entry Management System Review: Is This NinjaTrader Add-On Worth $297?
Last updated: · Reading time: 7 minutes
If you trade futures on NinjaTrader and you've been looking for a way to tighten up your entries without staring at charts all day, you've probably come across the Wave Runner Entry Management System from Simple Market Metrics. I looked into what it actually does, who it's built for, and — just as important — what its own creators say you should know before buying. Here's the honest breakdown.
What Wave Runner Entry Management System Does
This is an add-on for NinjaTrader that works alongside the base Wave Runner Renko indicator (you need to already own that for this to function). At a glance, it offers:
- A full NinjaTrader screen snapshot view for monitoring setups at a glance
- Continuation signals in addition to standard buy/sell entries
- Customizable chart features, including filtering by a specific EMA length for long or short entries
- A time filter so the system only operates during hours you choose
- "Repeat buttons" that automatically re-trigger buy/sell entries or continuation trades when enabled
One detail worth knowing up front: it can run in either fully automated or manual entry mode. That flexibility matters, because — as the product page itself points out — most prop firms and platforms like Take Profit Trader do not allow fully automated trading. If you trade through a prop firm, you'd be using this in manual or semi-automated mode, not letting it trade unsupervised.
Who This Is For
This tool is aimed at traders who already use the Wave Runner Renko indicator and want a more structured, rules-based way to time entries and manage continuation trades — rather than a "set it and forget it" system for beginners. If you don't already have a defined trading strategy or risk model, this add-on won't create one for you; it's built to plug into an approach you already have.
Important Things to Know Before Buying
To be transparent, here's what the seller states plainly on the product page, and it's worth repeating rather than glossing over:
- All sales are final. There are no refunds once you purchase.
- You need the base Wave Runner Renko indicator already installed for this add-on to work correctly.
- Nothing about trading results is guaranteed. The seller is explicit that you can lose money, and that past or simulated performance doesn't predict future results.
- Prop firm compatibility varies. Most prop firms restrict full automation, so check your firm's specific rules before relying on the automated mode.
- Licensed for personal use only — sharing, reselling, or redistributing the software is prohibited under the license terms.
This is educational/informational software, not financial advice, and futures trading carries substantial risk regardless of what tools you use to manage entries.
Bottom Line
At $297 with no refund policy, this is a purchase that makes the most sense if you're already comfortable with the Wave Runner ecosystem and you understand exactly how you plan to use the automation and continuation features within your own strategy. If you're new to futures trading or don't yet have a defined entry model, it's worth building that foundation first — a tool like this manages execution, it doesn't replace a strategy.
Requires the Wave Runner Renko indicator · All sales final
Risk disclosure: Trading futures involves substantial risk of loss and is not suitable for everyone. This software is for informational and educational purposes only, does not constitute financial or investment advice, and does not guarantee any trading outcome. You can lose money using it. Verify with your broker or prop firm whether automated trading is permitted before use.
Disclosure: This post contains an affiliate link. If you purchase through it, I may earn a commission at no extra cost to you.
0 Comments