Spezifikation
Variables required:
· Start time of BOT & End time of BOT
· Choice of Candle duration for entry (5min/15min/30min/60min)
· Option to Choose any script (both NSE and MCX)
· Option to modify my SL or targets during the trade, and the same should be plotted on the graph for visual representation.
· Percentage of entry, SL and Target from the signal point, explained in detail below
· LOT/Quantity size
· Option to Round of price (eg : 1890.56 to 1891.50 or 1891.00) for Entry, SL and Target
· Lots/Quantity to be closed on 1 stTarget, 2 nd Target and 3 rdtarget
Fixed parameters:
· Pivot point should be based on 15min candles, same as Zerodha(mandatory).
Logic:
Upon start of the BOT, the CMP should be checked with the last candle (based on candle duration selected)
Long signal:
a. If CMP > High of last candle high
b. Set the buy price 0.4%(this is variable) lower to the CMP.
2. Stop loss:
a. First SL is 0.2%(this is variable) low of the last candle.
b. Trail SL for every candle to 0.2%(this is variable) low of the last candle.
3. Target:
a. Target1 is 0.3%(this is variable) before next immediate Pivot Resistance based on 15min candle.
b. Target2 is 0.3%(this is variable) before 2 ndPivot Resistance based on 15min candle.
c. Target3 is 0.3%(this is variable) before 3 rdPivot Resistance based on 15min candle.
Sell signal:
a. If CMP < High of last candle low
b. Set the sell price 0.4%(this is variable) higher to the CMP.
4. Stop loss:
a. First SL is 0.2%(this is variable) high of the last candle.
b. Trail SL for every candle to 0.2%(this is variable) high of the last candle.
5. Target:
a. Target is 0.3%(this is variable) before next Pivot support based on 15min candle.
b. Target2 is 0.3%(this is variable) before 2 ndPivot support based on 15min candle.
c. Target3 is 0.3%(this is variable) before 3 rdPivot support based on 15min candle.