Range Breakout

Dhanesh

How does re-entry works with the selection of re-entry as "REMOMENTUM" with Range Breakout Option. Example: I have selected Range Breakout as 9:45 and Start Time as 9:16. So whenever High or Low of the range between 9:16-945 breaches after 9:45, my Entry condition will meet. But if I select Re-Entry with "REMOMENTUM" Option...how it will work

Ramneet

Dhanesh
Hi,
If you're using "REMOMENTUM" with range breakout, then it will recalculate the momentum.

For eg:

If you selected the range breakout as 9:45. So whenever the High or Low of the range between 9:16-9:45 breaches after 9:45, the entry condition will meet. Now, if the Re-entry occurs at 11:30, so it will again find the High & Low between 11:30 to 12:00. The trade will be taken after it breaches the new range.