This is the InsideBar Strategy given by Naeem Khatri one of the great person have learnt trading from. The strategy include following
1. It has a defined TGT1 and TGT2 considering not so greedy and beginner Traders
2. TGT1 and TGT2 are plotted on the Chart for convenience to Trail SL.
3. It will only insert an alert in Strategy when RSI is > 50 for Long Position and < 50 for Short Position
4. It will automatically close trade by 15:00 as per Indian Standard Trading Time.
5. It will not do double trade if subsequent Inside Bar is generated in the direction of trade satisfying the conditions so that brokerage is saved
6. Have include single contract for the ease of calculation on backtesting and other analysis.
7. It will also add RSI Value when there is an Alert for Buy / Sell so that you can decide before entering the Trade.
Hope You will enjoy it.
Please hit like button if you like this to encourage me in preparing such ideas for you.
1. It has a defined TGT1 and TGT2 considering not so greedy and beginner Traders
2. TGT1 and TGT2 are plotted on the Chart for convenience to Trail SL.
3. It will only insert an alert in Strategy when RSI is > 50 for Long Position and < 50 for Short Position
4. It will automatically close trade by 15:00 as per Indian Standard Trading Time.
5. It will not do double trade if subsequent Inside Bar is generated in the direction of trade satisfying the conditions so that brokerage is saved
6. Have include single contract for the ease of calculation on backtesting and other analysis.
7. It will also add RSI Value when there is an Alert for Buy / Sell so that you can decide before entering the Trade.
Hope You will enjoy it.
Please hit like button if you like this to encourage me in preparing such ideas for you.