Tick Offset Entry
The Tick Offset Entry is how many Ticks the price must go above / below the previous bars High / Low in order to submit an order.
⤷ This applies to order entries using the ‘Break Candle’ options.
⤷ This applies ONLY to the Auto Entries. Manual entries have a separate Tick Offset.
⤷ If using Confirmation Candles. The offset only applies to the bar immediately to the left of your entry.
Below we have 2 examples with Reversal Auto Entries (Colored bars):
Left Pic uses ‘0’ Tick Offset:
⤷ Enters Long as soon as the bar after the Reversal touches the High of the Bullish Reversal.
⤷ Enters Short as soon as the bar after the Reversal touches the Low of the Bearish Reversal.
Right Pick uses ‘5’ Tick Offset:
⤷ Enters Long as soon as the bar after the Reversal touches 5 Ticks above the High.
⤷ Enters Short as soon as the bar after the Reversal touches 5 ricks below the Low.
Something to keep in mind is that if the offset is too high, there is a possibility that the trade can be missed. The entry point must be reached withing the same signal trigger bar. If not, it will skip the trade.
In the example below, if the offset is set to high where it cannot be reached within that same bar after the Reversal. It will not take the trade later on. It must trigger on that same bar.
Hint: Use confirmation candles to delay your order.
