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Intraday Algo Draft Base
Intraday Algo Draft Base
Intraday Algo Draft Base
PART 1
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.
IN THE ABOVE CASE, 2ND PART (AS MENTIONED BELOW) OF THE ENTRY AND EXIT LOGIC
WILL BE EXECUTED.
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%.
TARGET:
2.5% FROM THE ENTRY PRICE. It could go higher for few scrips.
PART 2
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.
TARGET:
2.5% FROM THE ENTRY PRICE. It could go higher for few scrips.