TUTORIAL 03 OF 04
Pro and Elite feature

Reading signals and evaluating entries

This tutorial covers everything that happens after the opening range closes — how APEX detects a valid breakout, what the signal looks like on the chart, and how to execute the trade with correct SL and TP placement.

How the setup confirms

APEX monitors every candle that closes after the session hour ends. A setup is identified when all of the following conditions are met on the same bar:

  1. The session has closed and the range is locked in
  2. The candle closes above the session high (bull signal) or below the session low (bear signal)
  3. The candle closes in the direction of the breakout — a bull signal requires a bullish close (close above open), bear signal requires a bearish close
  4. The candle body meets the minimum engulfing size — by default the body must be at least 50% of the candle's total range, filtering out small indecision candles
  5. The signal is within the 5-hour window after the session closed
  6. No previous signal has fired from this session today (one signal per session per day)
Bar close confirmation: APEX only fires on a confirmed closed candle — never on an in-progress bar. This prevents false signals from candles that briefly break the range then pull back before closing. Wait for the bar to fully close before acting.
OPENING RANGE SL TP1 TP2 Buy signal — engulfing candle closes above range Stop loss — 1 pip below session low

What you see on the chart

When a setup is identified, APEX draws three things instantly:

Stop loss placement

The stop loss is placed automatically by APEX, 1 pip beyond the opposite side of the opening range:

The logic here is clear — if price returns to the opposite end of the session range after breaking out, the trade thesis is invalid. The 1-pip buffer gives a small amount of breathing room beyond the structural level.

Pip size setting: Make sure your pip size is set correctly for the instrument you are trading. Default is 0.0001 (most forex pairs). For JPY pairs set 0.01. For indices and gold, APEX uses an ATR-based buffer automatically — you do not need to adjust the pip size.

Take profit levels

APEX draws three take profit levels based on the risk distance (entry to SL):

TP1
1:1 risk-reward
Dark green line
TP2
2:1 risk-reward
Medium green line
TP3
3:1 risk-reward
Bright green line

A common approach is to split your position across all three levels — for example taking one third of the position off at each TP. This locks in profit while letting part of the trade run for the larger move.

Entry execution

The setup confirms at bar close — meaning the entry price shown in the label is the closing price of the breakout candle. In practice you have two options:

  1. Market order at bar close — the simplest approach. When the setup confirms, enter at market immediately. You will get close to the label price. This is the recommended approach for beginners.
  2. Limit order on pullback — wait for price to pull back slightly toward the broken range level before entering. This gives a better entry price and improves your RR, but risks missing the trade if price continues without pulling back.
TradingView alerts: Set up a TradingView alert using APEX's built-in alert conditions so you do not need to watch the chart. Go to the alert creation panel, choose APEX as the source, and select the session and direction you want to be notified about. Alerts fire at bar close automatically.

Trade management

Once in the trade, APEX has done its job. What happens next is down to your trade management plan. A few principles to guide you:

Candle pattern settings

Under Signal Settings you can enable additional candle patterns beyond the default engulfing body. Each one is off by default and can be switched on independently:

Patterns use OR logic — a setup confirms if the breakout candle matches any enabled pattern. Start with Engulfing only and add patterns one at a time as you learn how each behaves on your instruments.