Thanks for the concise answer (re-entry is a GO!) and your clarification on stops.
Now back to that same example...
In this case, at our 2 am EST start time, the signal candle wasn't the previous one but was actually 2 candles back.
What if the signal candle was farther back say 6 or 7 candles away, but the indicators were still crossed and valid?
Would that be too stale of a signal to enter with?
Or does it have more to do with how far the current (2 am) price has moved away from the signal candle's closing price?
Thanks for your time.
Now back to that same example...
In this case, at our 2 am EST start time, the signal candle wasn't the previous one but was actually 2 candles back.
What if the signal candle was farther back say 6 or 7 candles away, but the indicators were still crossed and valid?
Would that be too stale of a signal to enter with?
Or does it have more to do with how far the current (2 am) price has moved away from the signal candle's closing price?
Thanks for your time.