As for the entry:
- For people who have little intuition, one is not allowed to make buy trades in the yellow area, only in the blue area. The background areas show the overall trend.
The indicator 4.5 does not correctly draw the beginning of the upper trend (MTF problem), and 4.7 is not ready yet. There are special rules for entries in this zone.
- I am very curious if someone can formulate why this border zone is critical for programming signals...
For Exit:
- Initial SL can be the LL of the last 2 bars
- If a BarRange is reached after entry, one can set BreakEven
- In your chart, the exit is at the close of the bar with the opposite direction signal (or the open of the next bar).
- In general one can exit after 2xBarRange from the HH.
(The small colored areas are drawn for easy direction orientation with the valid signals.)
1