Satyen....Re-entry rules are not different from Initial Entry...sometimes open trade's TSL gets taken out because of spikes and at EOD just have a look at the chart ...if all conditions are fulfilled we place another order just as the first one....Simple...
Satyen....Re-entry rules are not different from Initial Entry...sometimes open trade's TSL gets taken out because of spikes and at EOD just have a look at the chart ...if all conditions are fulfilled we place another order just as the first one....Simple...
If things are going good and trend is set then candle + EMA's can give clue for entry most of the time and its always good to take risk towards trend :thumb:
Same way, if setup bar low is not taken out & next e.g. say 3-4 bars have higher low, than for short entry should we wait for setup bar low to be taken out or just previous bar low for short entry, if all other conditions are met. ? Pl confirm.
Satyen....Re-entry rules are not different from Initial Entry...sometimes open trade's TSL gets taken out because of spikes and at EOD just have a look at the chart ...if all conditions are fulfilled we place another order just as the first one....Simple...
Same way, if setup bar low is not taken out & next e.g. say 3-4 bars have higher low, than for short entry should we wait for setup bar low to be taken out or just previous bar low for short entry, if all other conditions are met. ? Pl confirm.
Great questions Pravin.....was waiting for somebody to ask ....
We are Talking about Short Entry....!!!
If Quadra conditions for Short Entry are in Place ....!!!
Order placed in the System doesn't Trigger because the Bar didn't go below the Low of the Previous Bar.....then on the following day one will place the order again... below the Low of the Previous Days Bar... !!!
It is always below the Previous days Bar...provided Quadra conditions are in place....!!!
Let me know if there is any doubt....because NF-1 to NF-23 Charts that were posted with manual backtesting does have some examples of Entries where order doesn't Trigger....but happens subsequently on the next or even later bars...!!!
Great questions Pravin.....was waiting for somebody to ask ....
We are Talking about Short Entry....!!!
If Quadra conditions for Short Entry are in Place ....!!!
Order placed in the System doesn't Trigger because the Bar didn't go below the Low of the Previous Bar.....then on the following day one will place the order again... below the Low of the Previous Days Bar... !!!
It is always below the Previous days Bar...provided Quadra conditions are in place....!!!
Let me know if there is any doubt....because NF-1 to NF-23 Charts that were posted with manual backtesting does have some examples of Entries where order doesn't Trigger....but happens subsequently on the next or even later bars...!!!