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Trailingstop

How to set an alert for BankNifty Intraday Strategy [5min TF] ? Set Alert on 77% Profitable Bank-Nifty Back-tested Intraday Strategy with FREE TRIALS Trend Follower Intraday for 5 minute Time-Frame (Adjustable) , that has the time condition for INDIAN | CRYPTO | FOREX Markets // ══════════════════════════════════════════════════════════════════════════════════════ // Unlike the Free Scripts - Risk Management , Position Sizing , Partial Exit etc. are also included . Send us a Message to know more about the strategy. // ══════════════════════════════════════════════════════════════════════════════════════ // The Timing can be changed to fit other markets, scroll down to "SQUARE-OFF TIME" to know more. The commission is also included in the strategy . The basic idea is when , 1) EMA1 crosses above EMA2 , is a Long condition. 2) EMA1 crosses below EMA2 , is a Short condition. 3) Green Section indicates Long position. 4) Red Section indicates Short position. 5) Allowed hours specifies the trade entry timing . 6) ATR STOP is the stop-loss value on chart , can be adjusted in INPUTS. 7) Target 1 is the 1st target value on chart , can be adjusted in INPUTS. 8) RISK is Maximum Risk per trade for the intraday trade can be changed . 9) Total Capital used can be adjusted under INPUTS. 10) ATR TRAIL is used for trailing after entry , as mentioned in the inputs below. 11) Check trades under the list of trades . 12) Trade only in liquid stocks . 13) Risk only 1-5% of total capital. 14) Inputs can be changed for better back-test results, but also manually check the trades before setting alerts 15) SQUARE OFF TIME - As you change the time frame , also change the square-off time to the candle's closing time. Eg: For 3min Time-frame , Hour = 2Hrs | Minute = 57min 16) Strategy stops for the day if you have a loss . 17) COMMISSION value is set to 10Rs and SLIPPAGE value is set to 1 . Go to properties to change it . Apply it to your charts Now ! Send us a message for FREE TRIALS | Instant Access Thank You ☺
NSE:BANKNIFTYEducation
by The_Algo_Engineer
1
RKEC SIMPLE PRICE ACTION CHART🎯All Studies mentioned in the chart💰 Buy @60-63 range Strict sl below 55 Reasons for selecting this stock ✔ ✔ ✔ Something cooking in the chart.Can see Ascending triangle in the chart. ✔ Infrastructure developing company,mainly involved in marine infrastructure development. ✔ One of the main cmpany which is involved in marine infrastructure activities. ✔ Gradually increasing Y-O-Y profit. ✔ Good consolidation with delivery volume.So, can see a breakout at anytime. About the company ✔ ✔ RKEC Projects is engaged in the business of Civil Works and specialized in Marine Works, Construction of Roads, Buildings, Bridges& Fly overs, Survey works under Unmanned Aerial Systemsetc. Thank you🧡 Like🍂Comment🍂Support
NSE:RKECLong
by ANKITHSHAJU
8
Mahi Mahi: If A Stock Is Down 2%, It Can Be Down by 4 %That's true..down 2% doesn't mean it can not go down further. But the conditions are that: It should be in a strong downtrend on a higher time frame; and we should have proper tools and system to manage our trade. M&M has been in a strong downtrend on Daily, 4H and H. So I thought it could be nice short. But by the time I could open my lappy, stock was already down 2%..how lame. I opened up my Ichimoku System and saw that stock had given a fresh break down below the cloud with higher volumes on 15 min chart (See candle A) and it was already in bearish territory on higher time frames. All I need to do was to find a better opportunity to enter. Candle B went deep into the cloud and then sold off quickly. I placed a sell order below the small swing @ 1319.50 and got hit in the very next candle C. My initial stop was above the high of candle B. Then I kept on trailing. The doji pointed in the chart had a nice volume but price was able to breach only a few paisas above this doji, and I was not stopped. # I always give some room above the high of the candles when I trail so that I am not hit easily. Finally I was thrown out of the trade @ 1303.60. It was a nice 16 point trade or 1% of the stock value. Whenever I get 1% of the stock value as profit I call it a good trade. Without a good system in hand, I might not have touched the stock. Above trade does not mean that I dun lose. I had a small loss in SRT buy, which I covered later in the session by shorting it. Sometimes it takes time for daily trend to clarify itself. I was breakeven in Tataglobal and you all know about Mindtree :) The above experience would definitely help me to be more disciplined in future. I hope the same for all traders. Have Fun, and happy weekend. Hit like and comment. Regards Bravetotrade
NSE:M_MEducation
by Bravetotrade
8
Day Trading with a Simple Strategy: Is it Easy ? :DNo absolutely not, its not easy. Perhaps the most difficult type of trading is the intraday trading. Reason being we have just 6 hours to accommodate our trades, and most of the time stocks dance here and there before giving that 15 min. to 30 min. window in which they give trending moves. I always get ready to lose when I day trade, but I always know how much risk to take. Today I had a small trade in Mindtree which I thought is worth sharing on TV. Mindtree has been in a downtrend on the daily and hourly charts. I watched it consolidating yesterday. Today it started the day with a gap outside yesterday's range and quickly retraced back to the range. It was first sign of weakness. Second Candle A had a nice bounce from the support but that was not enough to initiate long. When the stock is in a long term downtrend , I can't buy just on the basis of a bullish candle on a lower time frame chart. Candle B bounced from 449.50. It was huge, positive and above average volume response. OK.. we can take some risk if this trend continues but no continuation seen. I placed a sell stop order just below 449.50 along with those fellow traders who bought in candle B and placed their stops below the low of this candle. In the very next candle sell order was triggered. I placed a stop loss order just above the high of candle B. The very next candle C was scary for sellers like me, a long wicked hammer with nice volume. Although I did not had a chance to sell at the low of this hammer, I decided to trail -- remember an old saying, " Let you profits run". I trailed every 15 min. candle and got stopped quite near the low of the hammer. Although the trade looks small it was a little short of 1% the stock's value. This trades quickly turned into favor but this does not happens always. So its good to follow the trend; look for patterns and ranges and play as per convenience. Hit like if this information was interesting. Trade safe, stay healthy. Regards Bravetotrade
MEducation
by Bravetotrade
8