El Dee
The candle marked 5 on your chart is treated as a Setup bar in my EA because it meets the requirements of Rule 1, "Price must go above/below the EMA by 5 pips for it to be considered a Set up bar." Therefore the EA would have entered a Sellstop which would have triggered in the next bar.
Have I interpreted the rule correctly?
The candle marked 5 on your chart is treated as a Setup bar in my EA because it meets the requirements of Rule 1, "Price must go above/below the EMA by 5 pips for it to be considered a Set up bar." Therefore the EA would have entered a Sellstop which would have triggered in the next bar.
Have I interpreted the rule correctly?