This strategy allows manual plotting of key support and resistance (SR or Pivot) levels in any timeframe (e.g 15 min, 1H, D etc) before market open or at any time.
Then the chart timeframe can be lowered (e.g 3 min or 5 min) and an alert created to take entries in that timeframe when the previously marked SR/Pivot levels are broken on the upside or downside (subject to certain entry filter criteria).
It allows you to set a fixed SL in points and Target calculated based on SL points x RR multiple.
It also trails automatically with a TSL to lock profit or reduce SL as the trade moves in your favour.
ملاحظات الأخبار
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SL/Target formatting changes
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Added at cost tsl after half target
Added supertrend TSL after half target
Added momentum TSL after x number of momentum moves
Performance improved by ~50% and drawdown reduced by ~50% vs previous version
ملاحظات الأخبار
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TSL improvements and fixes
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Fixed bug with Short initial stoploss which was introduced during previous TSL optimization
Defaulted the {{close}} price in alert templates to show entry/exit price in default alert messages
ملاحظات الأخبار
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Fixed deprecation warnings
Updated defaults to defaults for Nifty for faster daily deployment
if you draw manually how this strategy results accurate?
BotJockie
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@maheshchari, replying a few months late. But, I have started livestreaming with this strategy on YouTube. You can checkout the performance e.g this is 1 month results - youtu.be/zATqFA-AFpU
stoxway
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in one lakh , how you are trading 50 contract, 1 nifty contract means 50 = 50X50 =2500 , if we take 1 lot =5k , means 50 lot =2.5 lakh , please do check your facts
bjtrading101
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@stoxway, thanks for your comment. Nifty 50 index point value is 1. Therefore, I have to enter Order Size as 50 to make it equal to 1 lot size of Nifty. It's not assuming 50 lots (2500) qty at all. Hope this clarifies it. Thanks.