Intraday Setup - Open/High/Low breakout pattern - No Charts, Just excel

#21
cubt bro,

Did u check the afl for this strategy? any backtesting results?

I checked. made few corrections. But gives diff scan results in diff tfs. Pls let me know once u chk.
 

Cubt

Algo Trader
#22
cubt bro,





Did u check the afl for this strategy? any backtesting results?





I checked. made few corrections. But gives diff scan results in diff tfs. Pls let me know once u chk.





yes checked it, still it dis not work.
 
#25
so what's the outcome of discussions happened since this strategy is shared? can we go for it or still need some modification ?
OPTIONS can also be played?
 

Cubt

Algo Trader
#26
so what's the outcome of discussions happened since this strategy is shared? can we go for it or still need some modification ?
OPTIONS can also be played?
Am not sure about Options, however with stocks its working fine. I have started trading Live already
 
#27
Cubt,

It is an easy strategy but powerful strategy. i have used many times for intraday in crude oil. but monthly, i will get 3 or 4 trades only.

because open and low, open and high will not be same for all the times. but if i concentrate on multiple stocks or commodities, we can get more chance for this set up.

There is no need for AFL to use this strategy. after the market opening, we can enter at the current price and place the stop loss order at low price for buy signal, at high price for sell signal.

but , risk and reward is the matter. For me, it is giving 10 points decently without any failure. but if i wait till end of the day, there is more opportunity to capture the full profits of the day most of the time because SL will not trigger

Sometimes, it tests SL and bounces back. So it is better to modify some points below the usual SL price to use this strategy effectively.

It is one of the intraday method of Simple Tricks India in Tamilnadu
 

Cubt

Algo Trader
#28
Cubt,

It is an easy strategy but powerful strategy. i have used many times for intraday in crude oil. but monthly, i will get 3 or 4 trades only.

because open and low, open and high will not be same for all the times. but if i concentrate on multiple stocks or commodities, we can get more chance for this set up.

There is no need for AFL to use this strategy. after the market opening, we can enter at the current price and place the stop loss order at low price for buy signal, at high price for sell signal.

but , risk and reward is the matter. For me, it is giving 10 points decently without any failure. but if i wait till end of the day, there is more opportunity to capture the full profits of the day most of the time because SL will not trigger

Sometimes, it tests SL and bounces back. So it is better to modify some points below the usual SL price to use this strategy effectively.

It is one of the intraday method of Simple Tricks India in Tamilnadu





Thala sonna, correct ah thaan irukkum. Thanks for ur input, Thala. I use afl only for back test, currently manually trading this setup, will soon write algo for it n automate it.

In b/w wer ru from TN? Do u trade only on crude?
 
#29
Thala sonna, correct ah thaan irukkum. Thanks for ur input, Thala. I use afl only for back test, currently manually trading this setup, will soon write algo for it n automate it.

In b/w wer ru from TN? Do u trade only on crude?
I am trading in MCX only.

I am trading in nickel, copper, crude, natural gas, goldmini and silver mini.
 
#30
I have a excel sheet which takes real time data from nest and value will be updating every second and I have written formula to provide buy and sell signal when conditions are met.
So I dont need to manually monitor each stock.

I did not get ur second question, can u pls explain ?
Friend, can u pls share this excel sheet ?? Tks !
 

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