DislikedJust discovered this thread and the more I think about DIBS the more sophisticated I realise it is.
Two questions if anyone would be good enough to help.
First
Is the IB considered defunct if it doesn't work first time ie if a trade is triggered then price goes against you and...Ignored
if ibs are broken in the "wrong" direction they are indeed defunct! and no you would not trade any subsequent break of a defunct bar.
regards