Strategy to make AFL

#1
Dear friends .. i forget were i found this strategy .., might be in this same trader ji .. but i dint find AFL for this .. anybody plz make AFL with buy sell signal conditions ..

Thanks ..

Strategy is :


=> Open,High and Low @ Market opening time.
=> Calculate the deference between Open-high and Open-Low
=> Now find the Intraday Trend:
** If deference between Open-High is greater then Open-Low: UP-TREND
** If deference between Open-High is less then Open-Low: DOWN-TREND
=> If UP-TREND then BUY only and If DOWN-TREND then SELL only
=> Stop Loss for BUY = Open - (High - Open) - 1
and Stop Loss for SELL = Open + (Open - Low) + 1
=> BUY TARGET = Open + ( 75 % of Open)
and SELL TARGET = Open - (75 % of Open)
=> As per TREND buy or sell nearer 20 point from Stop Loss

Here is example:

=> @ 9:30
Open: 5860
High : 5875
Low : 5846.10

=> Deference:
** High - Open: 5875 - 5860 = 15
** Open - Low: 5860 - 5846.10 = 13.90

=> Deference from high is greater then from low ( 15 > 13.90)
So Intraday UP-TREND, so this is BUY indication

=> Stop Loss for BUY:
** Open - (High-Open)-1 = 5860 - 15 - 1 = 5844

=> Buy nearer 20 points from Stop Loss = 5860 to 5865

=> BUY-TARGET:
** Open + (75 % of Open) = 5860 + (43.95) = 5903.95
 

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