YoshihiroUK
Junior member
- Messages
- 12
- Likes
- 0
Hello.
When trading a 'close and reverse' system, as far as signal generation goes, what is your preferred method for handling a 'close and reverse' signal within the same bar? I have highlighted a few examples of when this would happen using the trailing red line as an example for generating trade signals.
The perils of trading a 'close and reverse' signal within the same bar is that false signals can be generated, according to the intra-bar movement and this could lead to several false trades.
A simple solution would be to trade at the open of the next bar although that would be too late in the example I have used.
https://www.tradingview.com/x/lXwQJ7me/
Thanks 👍
When trading a 'close and reverse' system, as far as signal generation goes, what is your preferred method for handling a 'close and reverse' signal within the same bar? I have highlighted a few examples of when this would happen using the trailing red line as an example for generating trade signals.
The perils of trading a 'close and reverse' signal within the same bar is that false signals can be generated, according to the intra-bar movement and this could lead to several false trades.
A simple solution would be to trade at the open of the next bar although that would be too late in the example I have used.
https://www.tradingview.com/x/lXwQJ7me/
Thanks 👍
