So basically what you are saying is that your entry system is based on: 1. how far (certain levels, that your system gave you) the price is from the day open price and how far from the daily trend line - both conditions to be met simultaneously; 2. valid reversal sign (also an assumption given by your system) towards the daily trend line and towards the day opening price (both conditions to be met simultaneously) Am I correct?
I am not trying to copy or reproduce your system, just trying to figure out something because the system I’m working on contains some small similarities ...
Yeah, that’s all correct. It’s all based on statistics—what price is observed to do again, and again, and again, under a particular set of circumstances/parameters.