Conditions:

• Expiry Date
• Operate on Candle Close

Expiry Date

By default, trigger trendlines have no expiry date.

So even though you may draw them to only encompass a certain period of time like so:

They will actually act as though you have the "extend left / right line" settings enabled on the trendline, meaning to VEMA they appear as:

To combat this, the expiry date condition can be used.

This enables you to pick a date and time in the future that you consider this setup to be invalid, and instruct VEMA to stop monitoring the setup at this time.

Here we can see the Expiry Date condition has been added to the trade setup panel on the left, and VEMA will now stop monitoring this trade at 4:30 PM on the 17th of February.

Note: By default all VEMA logic, including expiry dates, currently runs on UTC.

Operate on Candle Close

The "Stop Hunt Saviour" or "Avoid Wicks" condition. Operate on Candle Close is extremely useful for avoiding entering on wicks and fakeouts.

In this scenario, Operate on Candle Close was not enabled. This leads VEMA to enter the position as soon as Alpha is crossed, we can see price then pushed back above Alpha and went on small run, potentially leading to this trade being stopped out.

We can avoid that using the Operate on Candle Close feature.

Enabling it here would have caused VEMA to have ignore the wick, only entering after the small bounce upwards when price came back and closed below Alpha, which was followed shortly by a large drop.