This thread about rules
BrainSystem: Trading Rules
Close bar is bar #1. Previous bar. See previous posts for the description.
For example, you see the signals on open bar. You are waiting intill this bar will be closed. So, it will be closed bar or previous bar or bar #1. New bar will be opened. Number is new bar is bar #0. You had the signal on previous bar (=bar #1 = close bar).
Thus, when new bar is open so you should look at previous bar with the signal for confirmation. I-XO indicator is understandable (by color). Confirmation by Stochastic for buy: Stochastic is on uptrend moving from 25 level or any level you selected.
As to exit so there are many kinds of exit and it was described on this thread
BrainSystem: Trading System Development and Trades
Quote:
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exit point will be the 1st SAR at bottom of price line
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We are trading on the close bar.
Close bar = previous bar = bar #1.
The signals, confirmation and exit should be on bar #1. Previous bar. In case of open order: we open order on the next bar from the signal. Exit: we should have exit by indicators or any on bar #1 as well and next bar is open - and we are closing the order.
"Trading on close bar" are not my words. It means the following: bar with the signal, confirmation, exit or any should be closed. It is well-known terminology. All signal systems (asctrend, labtrend and so on) are trading on close bar.