Not quite, I'll use the FTSE 100 as an example. If the daily range of the day before was between 6950 and 7000, then the EA would check whether the range between 8am to 9am the following day range was above this price level, so if the range was 7010 and 7030 between 8am and 9am, the EA would then look for a large bull candle above 10 pips breaking out of the 8am and 9am range and place a buy trade at the bull candles close price.