Intraday Algo Draft Base

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INTRADAY TRADES:

 1 MINUTE CHARTS ONLY


 BUYING SCRIPS AND SELLING SCRIPS LIST WILL BE PRE DEFINED.
 ENTRY PRICE, EXIT PRICE AND STOP LOSS WILL BE DEFINED IN THE LIVE MARKET
 MAXIMUM 2 TRADES IN A SCRIP PER DAY.

PART 1

HOW TO ENTER: (FOR SELL)

 WHEN THE LOWEST LOW MINUS .35 POINTS TRADES.

 NOTE: IF THE SCRIP TRADES WITH A NEW HIGHER HIGH BY > .05 Pts THAN THE SCRIP IS NO
MORE TRADEABLE i.e. NO MORE SELLABLE BELOW THE LOW OF 1 ST MINUTE.

EXAMPLE: RELIANCE Dated: 13/01/21.

 IN THE ABOVE CASE, 2ND PART (AS MENTIONED BELOW) OF THE ENTRY AND EXIT LOGIC
WILL BE EXECUTED.

EXAMPLE: LICHSGFIN: DATE: 14/1/21.

STOP LOSS:

 STOP LOSS SHOULD NOT EXCEED 1%. IF THE STOP LOSS IS > 1% THAN THERE SHOULD BE A
PENDING ORDER ON A HIGHER PRICE AT WHICH THE STOP LOSS IS EQUAL TO 1%.

EXAMPLE: INDUSINDBK DATED: 08/01/21. It was only allowed to sell if the opening minute
low trades. However, stop loss price minus entry price was > 1%. Hence pending order was
placed @ 967 where the stop loss was 1%.

 STOP LOSS = HIGHEST HIGH +.35 POINTS

TARGET:

 2.5% FROM THE ENTRY PRICE. It could go higher for few scrips.
PART 2

HOW TO ENTER: (FOR SELL)

 ALLOW THE LOWEST LOW TRADE BY > .05 POINTS.

 WILL RECEIVE A NEW LOW. SELL BELOW NEW LOWER LOW LESS .35 POINTS (BUFFER
VALUE)

STOP LOSS:

 STOP LOSS SHOULD NOT EXCEED 1%. NEW STOP LOSS WILL BE THE NEW HIGHER HIGH
ABOVE 1ST TRADE STOP LOSS.

 STOP LOSS = HIGHEST HIGH +.35 POINTS

TARGET:

 2.5% FROM THE ENTRY PRICE. It could go higher for few scrips.

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