Nifty Breakout Levels Strategy (v7 Hybrid)

Nifty Breakout Levels Strategy (v7 Hybrid – Compounding from Start Date)

Instrument / TF: Designed for current-month NIFTY futures on 1-hour timeframe, with at most 1 trade per day.

Entry logic: Uses a 10-bar breakout box with a 0.3% buffer, plus EMA-based trend + proximity filter.

Longs: price in breakout-high zone, above EMA50/EMA200 and within proximityPts.

Shorts: price in breakout-low zone and strong downtrend (EMA10 < EMA20 < EMA50 < EMA200, price below EMA200).

Trades only when ATR(14) > atrTradeThresh and during regular hours (till 15:15).

Risk / exits: Stop loss is ATR-adaptive – max of slBasePoints (100 pts) and ATR * atrSLFactor; TP is fixed (tpPoints, e.g. 350 pts).

Longs have stepped trailing profit levels (100/150/200/250/320 pts) that lock in gains on pullbacks.

Shorts have trailing loss-reduction levels (80/120/140 pts) to cut improving losses.

Additional exit: 1H EMA50 2-bar reversal against the position, plus optional EOD flatten at 3:15 PM.

Compounding engine: From a chosen start date, equity is rebased to startCapital, and lot size scales dynamically as equity / capitalPerLot, with automatic lot reductions at three drawdown thresholds (ddCut1 / 2 / 3).

Automation: All entries and exits are exposed via alertconditions (long/short entry & exit) so the strategy can be connected to broker/webhook automation.