GAP by Rishabh4
This strategy is based on Gap's and is purely INTRADAY. So capital requirement is based on 1LOT NRML trade margin.
Entry Condition=
Previous day high and low are marked based on daily timeframes.
This strategy is back tested on 15min timeframe and is coded solely for BANKNIFTY. So conditions are set accordingly.
If 15min Open > Previous day high , SHORT "BANKNIFTY" on closing of first 15MIN candle.
If 15min Open < Previous day low , BUY "BANKNIFTY" on closing of first 15MIN candle.
Exit Conditions=
Exit criteria is based on time (MIS order auto square off type)(intraday). So as if trade is took at 15 min timeframe. Exit is at 15:00- 15:15 candle.
Exit criteria don't have Stop-loss or Target. Will be adding in upcoming update.
Note:= Strategy's values(capital, slippage) and Square off Time can be changed by tweaking some values on Square OFF time in settings.
eg: IF tested on 5min TF. EXIT time= 15:10-15:15
IF tested on 30min TF. EXIT time = 14:30-15:00
IF tested on 1hr TF. EXIT time = 14:00-15:00
Entry Condition=
Previous day high and low are marked based on daily timeframes.
This strategy is back tested on 15min timeframe and is coded solely for BANKNIFTY. So conditions are set accordingly.
If 15min Open > Previous day high , SHORT "BANKNIFTY" on closing of first 15MIN candle.
If 15min Open < Previous day low , BUY "BANKNIFTY" on closing of first 15MIN candle.
Exit Conditions=
Exit criteria is based on time (MIS order auto square off type)(intraday). So as if trade is took at 15 min timeframe. Exit is at 15:00- 15:15 candle.
Exit criteria don't have Stop-loss or Target. Will be adding in upcoming update.
Note:= Strategy's values(capital, slippage) and Square off Time can be changed by tweaking some values on Square OFF time in settings.
eg: IF tested on 5min TF. EXIT time= 15:10-15:15
IF tested on 30min TF. EXIT time = 14:30-15:00
IF tested on 1hr TF. EXIT time = 14:00-15:00
Release Notes:
This is updated version, Following features have been added.
1. SL level
2. TP level
Note:- Exit criteria have been updated now exit can be done using Squareoff time or SL or Target. You can set SL and Target value from settings.
1. SL level
2. TP level
Note:- Exit criteria have been updated now exit can be done using Squareoff time or SL or Target. You can set SL and Target value from settings.
Release Notes:
Updated previous version. Rectified Sl level.
Previous version had error on Short SL level.
Previous version had error on Short SL level.