TrendLine Strategy Ver 1.0
Any algo only will run on rules...it cannot understand a price rally. As far as algos are concerned it is better to take multiple small profitable trades than to opt for big rally. The big rallies will also give you profit in back testing, but that's far behind than the cumulative small trades. Secondly, once you build the capital, then manually you can take risky trades. This strategy is solely intended to build capital in long run.
NATURALGAS FUTURE...1 LOT...1 YEAR...TRENDLINE STRATEGY...30 TIMES RETURN FROM INVESTMENT OF JUST ₹2,00,000.00. WITH BROKERAGE DEDUCTION AS NEAREST POSSIBLE TO MATCH FYERS ACCOUNT BROKERAGE AND OTHER DEDUCTIONS. THE STRATEGY IS BEST SUITED FOR 15MIN TIME FRAME FOR FUTURE STOCKS AND COMMODITY. HOWEVER THE RESULTS WILL VARY FROM SCRIPS TO SCRIPS AS ALL ARE NOT EQUALLY LIQUID.
The entry timing for stocks future preferably be kept from 0915-1430 and exit time 1500-1515 for Intraday trading. You can also opt for positional trading just by checking off the intraday option.
For the commodity market, entry time 0900-2315 and exit time 2330-2345 for intraday setup.
It has been made ready for Angel, Fyers, Dhan and Paper Trading Account with {{strategy.order.alert_message}} but as such it's a strategy, you can put the strategy syntax in the alert message box while creating the alert as well for automated trading.
NATURALGAS FUTURE...1 LOT...1 YEAR...TRENDLINE STRATEGY...30 TIMES RETURN FROM INVESTMENT OF JUST ₹2,00,000.00. WITH BROKERAGE DEDUCTION AS NEAREST POSSIBLE TO MATCH FYERS ACCOUNT BROKERAGE AND OTHER DEDUCTIONS. THE STRATEGY IS BEST SUITED FOR 15MIN TIME FRAME FOR FUTURE STOCKS AND COMMODITY. HOWEVER THE RESULTS WILL VARY FROM SCRIPS TO SCRIPS AS ALL ARE NOT EQUALLY LIQUID.
The entry timing for stocks future preferably be kept from 0915-1430 and exit time 1500-1515 for Intraday trading. You can also opt for positional trading just by checking off the intraday option.
For the commodity market, entry time 0900-2315 and exit time 2330-2345 for intraday setup.
It has been made ready for Angel, Fyers, Dhan and Paper Trading Account with {{strategy.order.alert_message}} but as such it's a strategy, you can put the strategy syntax in the alert message box while creating the alert as well for automated trading.
Notes de version:
Updated.
Notes de version:
Updated.
Notes de version:
Reverted back to old version.
Notes de version:
Correct publish
Notes de version:
Updated.
Notes de version:
A little mofification.
Notes de version:
This strategy is based on a simple trendline derived from some underlying logic. The best timeframe is 15 minutes for Intraday / positional trading. But as such gap up and gap down opening creates havoc in Indian Market, intraday is advisable. This strategy best suited for the Futures. Though you can try on stocks as well.
As far as the settings are concerned, the default settings are tested and you can keep as it is.
1. The timing are crucial for intraday trades for the day end closing. NSE Time and MCX time has been there and ensure that you don’t increase the time so that day-end square off do takes place irrespective of your position.
2. Order Type – Long or short or both
3. Though there are some broker names, they are not yet fully functional only for NextLevelBot not for any other.
4. Product type you need to chose as per the broker syntax generator.
5. Don’t forget to put the expiry date for the Futures. Please select continuous current contract on TradingView.
6. You can put lot numbers or auto lot…auto lot will calculate based on your initial capital and in built margin requirement, which may not be always correct.
7. You have the reinvestment options. If you chose so to deploy in live, then you should put the start date as the date you are deploying the strategy.
8. By default the exit option has been kept as pine strategy exit. That actually ensures the profitability of the strategy.
9. Other parameters are for SL/TP…you can play around with the parameters which clearly shows that which way the SL and TP are calculated.
10. Volatility profit multiplier makes your TP more but it also reduces the overall profitability/ So keeping as low as 0.2/0.3 is advisable. If you increase the multiplier, you should also increase the SL Divisor to have the parity.
11. Table position you can change according to your view. The table is populated from the inbuilt strategy results and that’s complete match to give a glimpse of the strategy result without looking into the strategy tester panel.
Any opinions, chats, messages, news, research, analyses, prices, or other information by the author are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice. Opinions, market data, recommendations or any other content is subject to change at any time without notice. The Author of the script will not accept any liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
The past performance of the script doesn't guarantee the future performances and solely dependent upon the market behaviour. User(s) should do extensive research him/herself before deploying the strategy.
As far as the settings are concerned, the default settings are tested and you can keep as it is.
1. The timing are crucial for intraday trades for the day end closing. NSE Time and MCX time has been there and ensure that you don’t increase the time so that day-end square off do takes place irrespective of your position.
2. Order Type – Long or short or both
3. Though there are some broker names, they are not yet fully functional only for NextLevelBot not for any other.
4. Product type you need to chose as per the broker syntax generator.
5. Don’t forget to put the expiry date for the Futures. Please select continuous current contract on TradingView.
6. You can put lot numbers or auto lot…auto lot will calculate based on your initial capital and in built margin requirement, which may not be always correct.
7. You have the reinvestment options. If you chose so to deploy in live, then you should put the start date as the date you are deploying the strategy.
8. By default the exit option has been kept as pine strategy exit. That actually ensures the profitability of the strategy.
9. Other parameters are for SL/TP…you can play around with the parameters which clearly shows that which way the SL and TP are calculated.
10. Volatility profit multiplier makes your TP more but it also reduces the overall profitability/ So keeping as low as 0.2/0.3 is advisable. If you increase the multiplier, you should also increase the SL Divisor to have the parity.
11. Table position you can change according to your view. The table is populated from the inbuilt strategy results and that’s complete match to give a glimpse of the strategy result without looking into the strategy tester panel.
Any opinions, chats, messages, news, research, analyses, prices, or other information by the author are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice. Opinions, market data, recommendations or any other content is subject to change at any time without notice. The Author of the script will not accept any liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
The past performance of the script doesn't guarantee the future performances and solely dependent upon the market behaviour. User(s) should do extensive research him/herself before deploying the strategy.