STRATEGY= INTRADAY 20-20 NSEFO
PDH= Previos Day's High,
PDL= Previous Day's Low, PDC= Previous Day's Close, TO= Today's Open
1)SYMBOLS (SCRIP) Selection-
Strategy will be applied to the symbols which I select for Trading 2) "GAP" Check
If the GAP between Today's OPEN & Previous Day's CLOSE exceeds 1% then Avoid the Trade 3) "DECISION"
Decide from given below four options which holds True Data Taken: Previos Day's OHLC and Today's Live OHL Functions: <, >, between, OR, %
RANGE= Difference between HIGH & LOW (of previous day’s or today’s, whichever is Higher/Lowe,but should not exceed 1.5% of PDC) IF,
IF,
CLOSE>OPEN, then
CLOSE
if TO < PDC, then "(ii) SELLBelow-5min-Low" SELLBelow- 5min-Low"
if TO > PDC, then "(i) BUYAbove-5min-Hi gh"
if TO > PDH, then "(ii) SELLBelow-5min-Lo SELLBelow -5min-Low" w"
if TO < PDL, then "(i) BUYAbove-5min-Hi gh"
if TO is BETWEEN PDH and PDC then "(iv) "(i v) SELLBelow-30min-Low" SELLBelow -30min-Low"
if TO is BETWEEN PDL and PDC, then (iii) (iii ) BUYAbove-30min-Hi gh"
i) BUYAbove-5min-High BUYAbove-5min-High= BUY Above the "HIGH" established in the first 5 minutes, RANGE= Today's Low "or" Yesterday's Low (whichever is Lower, but should be below 1.5% of PDC) ii) SELLBelow-5min-Low SELLBelow-5min-Low= SELLBelow-5min-Low= Sell Below the "LOW" established in the first 5 minutes, RANGE= Today's High "or" Yesterday's High (whichever is Higher, but should be below 1.5% of PDC) iii) BUYAbove-30min-High BUYAbove-30min-High= BUY Above the "HIGH" established in the first 30 minutes, RANGE= Today's Low "or" Yesterday's Low (whichever is Lower, but should be below 1.5% of PDC) iv) SELL-30min-Low SELLBelow-30min-Low SELLBelow-30min-Low= SELLBelow-30min-Low= Sell Below the "LOW" established in the first 30 minutes, RANGE= Today's High "or" Yesterday's High (whichever is Higher, but should be below 1.5% of PDC)
TARGET AND STOPLOSS
RANGE= Difference between HIGH & LOW (of previous day’s or today’s, whichever is Higher/Lowe,but should not exceed 1.5% of PDC) BuyAbove LEVEL - RANGE = STOPLOSS BuyAbove LEVEL + RANGE = TARGET SellBelow LEVEL - RANGE = TARGET SellBelow LEVEL + RANGE = STOPLOSS
*Automatic place Buyabove/Sellbelow ORDERS on completion of given timeperiod ex. 5-min, 30-min *[RANGE-CHECK]* Live* - If anytime "RANGE" Exceeds 1.50% of PDC then AVOID the trade or Trade is Not Applicable
6) Position Size -
Auto Decide qty to Trade by RANGE x LOTSIZE = ("value") If ("Value") is, 800-1000 then 5 Lots 1201-1500 then 4 Lots 1501-2200 then 3 Lots 2201-3300 then 2 Lot 3300-6000 then 1 Lot ------------------------------------------------------------------------------------------------------------------------------------------------------------Rules: >Sqaure off the Open Position at Market Close >If any SCRIP misses the TARGET by 12% and if it comeback to COST, then EXIT the position >If TARGET order does not fill fully and return back to COST then EXIT the remaining position at COST or at Market Close >If STOPLOSS order does not fill (spike) then EXIT position at MARKET >AUTO Stop the SYSTEM if there are 10 Consecutive Losing Trades
