Entry is on the open and exit is on the same day's close without a stop.
This is a reasonably high percentage and suggests a strong tendency or bias for prices to continue in the direction of the open the day after any inside day. In Figure 2a, the ID has a higher close than the previous day and is followed by a higher open. A buy is taken on the open and exited on the close. 5 year subscription to Working Money. Free book selection.