Why does Forex Set and Forget place the same trades multiple times?

A customer wrote me today asking why his Forex Set and Forget placed some losing trades, then two hours later placed the exact same trades. I thought that would be a good topic for this blog...

When a new bar forms on the daily chart, if the moving averages and support/resistance levels are lined up right, then I calculate an entry level for that bar. That entry level never changes for the whole life of the bar. When the price reaches a predetermined distance from that entry level, pending orders are placed for entry at the calculated level. If the price then retraces too far away from the target, the pending orders are deleted and the cycle starts all over again. Otherwise, the price eventually reaches the entry level and the logic to manage open trades kicks in.

During a ranging market, the price can cross back and forth over the calculated level multiple times in a single bar, triggering pending orders if no orders are already placed. Some of those orders will end up as losing trades, but eventually when the price breaks out of its range then you will start seeing profitable trades.

Anyway, there's more but I'll end here for now. Later I may put up a video explaining some of the workings of Forex Set and Forget.