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 days or todays, whichever is Higher/Lowe,but should not exceed 1.5%
of PDC)
IF, IF,
CLOSE>OPEN, then CLOSE<OPEN, then
if TO < PDC, then "(ii) SELLBelow-5min-Low" if TO > PDC, then "(i) BUYAbove-5min-High"
if TO > PDH, then "(ii) SELLBelow-5min-Low" if TO < PDL, then "(i) BUYAbove-5min-High"
if TO is BETWEEN PDH and PDC then "(iv) SELLBelow-30min-Low" if TO is BETWEEN PDL and PDC, then (iii) BUYAbove-30min-High"

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= 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= 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 days or todays, 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
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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