If this option is enabled, the next deal will open N ticks above or below last deal open price (entering conditions).
The first deal should be opened by strategy rules then the rules will be ignored until all open deals with Buy or Sell direction are closed. If the strategy has no rules for the appropriate direction then a first deal will be open upon strategy activation (enabling strategy to an instrument/time-frame). This option is commonly used in Martingale strategies for opening deals with equal distance on a certain trigger.
Backtest simulation for this option is different compared to other indicators.
At the next bar after the first deal is open backtest creates all available entries from high to low satisfying entering conditions.
Example 1:
Last open deal price = 100.95 and entering conditions: buy every 1.00 ticks below last entry.
Backtest will execute entries in the price range of next bar open and low prices.
Next bar open = 100.00, next bar low = 97.
Then next entries will be at 100.00, 99.00, 98.00, 97.00
Example 2:
Last open deal price = 100.95 and entering conditions: buy every 1.00 ticks above last entry.
Backtest will execute entries in the price range of next bar open and high
Next bar open = 100.00, next bar high = 100.80.
No new entries will be initiated for this bar.