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Hartford, CT. USA
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: AMP/CQG, Kinetick
Favorite Futures: TF
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Posts: 681 since Jun 2009
Thanks: 735 given, 752 received

monpere View Post
My trading methodology enters on bar open, or more precisely 1 tick above/below the current bar close. So, anyone or strategy using entry on bar close method will not be able to use these bar types because there entry will not be at the price shown on the chart. That's also why I cannot use HeikenAshi, and also the reason why eman added an option to show the real open to his momentum bar type.

Hi monpere,

I understand what you are saying.

Interestingly, I initially designed these bar types specifically for automated trading.

So how can you enter a trade on new bar open? The beauty of these 2 chart types is that the bars minus the tails are the always the same size. because they are the same size, the price/tick value for the opening of a new bar is always known.
The new bar open is always the close of the current bar plus one tick long, minus one tick short depending on market direction.


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