Perhaps you mean this:
- A bar closes (bar #1). Calculations are done, numbers printed, indicators drawn, alerts issued.
- The user responds to the above (sometime after the close of bar #1 and during the time of bar #2).
- Order issued at close of bar #2.
- Execution at beginning of or during bar #3 (one full bar after your initial triggers)
If so, then that's correct.
Your response as a human to events that are calculated upon a bar closure cannot take place during that same bar
This is good to point out, because it is different than the normal (non-human-coupled) strategy automation wherein the strategy can do all of item #1 above and then on that very same bar closure
For pure speed, one does not substitute a human for a computer (instead, the other way around!). If you know exactly the conditions upon which you want to enter, then having the computer calculate them and issue orders would be the way to go.
OTOH, if you want to consider many variables from your own discretionary viewpoint, and you do not
want the computer to blindly follow the same rules in all cases, then MEA let's you make the entry decision any time and for any reason(s) that you like, with action on the very next bar closure.
If you are watching a bar form, and you decide and signal in time before the end of the bar, then your order will go out upon the closure of that bar (just as a computer-calculated order would). If you are watching the bar form, and the process of thinking about it and signaling it goes a bit slower than MHz speed, such that you don't get your signal placed until after the closure, then you "pay" a 1 bar delay for retaining your human flexibility.
Small timeframe bars = small delay. Larger timeframe bars = larger delay.
(With an IOG version, it would be possible to send the order on the next tick in all cases.)
Note though that using MEA, your decision points are not tied to the end of the bar. You can make your decisions at any point during the bar. It is only the order issuing that must await the end of the bar. This is unlike using the Order Bar, with which you can send an order to the brokerage at any point in time (but you get no automated exit with that).
Thanks for raising the question and giving me the opportunity to write about these details.