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.
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