This script has been developed as a professional service and is published only for customer verification/acceptance.
If you are interested in development services, either PM me or visit the Backtest-Rookies website (.com)
Summary This strategy will attempt to take a short position within a time window only after X consecutive up days. Once X consecutive up days have been detected, two windows will open up. The first window tracks the high of the day. The second window will attempt to short the high of the day if price retests it.
Features
Tracking of consecutive up days using intra-day data
Opening a trade window when consecutive up days are detected
Tracking the high of a sub-session (user definable)
Shorting the high during a second sub-session (user definable)
Stop losses and take profits
End of sub-session close out option.
Buffer range from high of the day. So price does not need to retouch the high but can come with x rupees.
Background coloring of sub-sessions so it is easy to track trades
Release Notes
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Fix for missing backtest period check
Release Notes
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New Features
Added switch to turn take profit on/off
Added switch and option to close a position after x bars.
Release Notes
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Fix - Cancels Limit orders at the end of the entry_window instead of the trade_window