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created : 1 year ago| |  live deployment: 0

created : 1 year ago |  live deployment: 0

Stop and Reverse Nifty  (90 subscribers)

3 ratings

Strategy description

This strategy is a trend following strategy which starts off with 1 lot of Nifty Futures. It repairs itself every 15 points from the last traded point. If the market trends higher, every 15 points, this strategy will add one more lot to the existing position. If it drops by 15 points from any peak, it will square off the full long position and short 1 lot of Nifty Futures. If the market trends lower, every 15 points, this strategy will short one more lot to the existing position. If it rises by 15 points from any low, it will square off the full short position and go long 1 lot of Nifty Futures. It has a trailing stop loss of Rs. 3000 and increases the TSL by Rs. 1000 for every Rs. 1000 increase in profit. It has a profit target of Rs.15000 and stop loss of Rs.10000 It is a intra day strategy which starts at 9.15 am and exits at 2.50 pm every working day If the strategy gets around 50 points one side without a 15 point whipsaw, it should generally exit in profit.

Statistics

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