Hi Everybody,
Yesterday, on the 3min ES, there was a good example of how the “History Triangles” are not always -1R losses. If you look at the history triangle on the 13:09 bar you will see that the “next bar” (13:12) the high of the 13:09 bar was exceeded “BEFORE” the low, so the short trade was invalidated “before” it was filled.
So even though there is a History Triangle here, there was no trade, so no -1R loss.
The code is not that intelligent to be able to “look into” the bars to see which happens first – the stop trigger or the trade entry. So you do need to use some common sense and look at prior setups yourself to decide how the market unfolded.
Thanks, Steve
Yesterday, on the 3min ES, there was a good example of how the “History Triangles” are not always -1R losses. If you look at the history triangle on the 13:09 bar you will see that the “next bar” (13:12) the high of the 13:09 bar was exceeded “BEFORE” the low, so the short trade was invalidated “before” it was filled.
So even though there is a History Triangle here, there was no trade, so no -1R loss.
The code is not that intelligent to be able to “look into” the bars to see which happens first – the stop trigger or the trade entry. So you do need to use some common sense and look at prior setups yourself to decide how the market unfolded.
Thanks, Steve
Posts
