Topic: Bar opening and previous bar closing Strategy
Hello,
Here is the strategy generated by generator:
[Strategy Properties]
A same direction signal - Does nothing
An opposite direction signal - Closes the position
Permanent Stop Loss - 3800
Permanent Take Profit - 1810
Break Even - 2000
[Opening Point of the Position]
Bar Opening
Enter the market at the beginning of the bar
Base price - Open
[Opening Logic Condition]
Previous Bar Closing
The position opens below the previous Bar Closing
Base price - Previous Bar Closing
[Closing Point of the Position]
Week Closing
Exit the market at the end of the week
Base price - Close
Hovever I am not sure if it makes sense at all. When the position is opening? Is it opening Only at open of new bar when it is higher than previous bar closing? Or it places stop order which is activated when the price crosses price from yesterday?
Does the strategy generated has any sense for forex when previous close = open?