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The second and third assumptions are significant when there are multiple orders active at the same time. If both a Stop Loss and a Profit Target prices are reached within the same bar, the order of price movement within the bar will determine which one of these orders will be executed.
For example, with a Stop Loss at 1340 and a Profit Target at 1360:<br><br>http[[File://www.multicharts.com/img/wiki/PLE/price.gif]]
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* In a bar with an Open of 1355, a High of 1360, a Low of 1340, and a Close of 1345, the Profit Target will be assumed to have executed first (Assumption 2).