Here's a Intraday trading strategy with 3 simple steps that explains how to pick top momentum stocks, when to enter and when to exit, what should be the stop loss and what's the returns of this strategy. Its a long only strategy, that focus on stocks which has shown some momentum already. At squareoff we have multiple trading strategies that are made available in our Fully automated platform. One such strategy is Intraday Trend This strategy works on plain simple logic. It doesn’t focus on gaps, doesn’t focus on opening range or any other such known factors. Instead this strategy waits till 11:15 am, after 2 hours from market opens, that’s when the whole noise goes down. All over night news gets factored in the price of all stocks, the movements become stable, this is when our algorithm starts scanning the stocks. The algorithm starts scanning all 150+ stocks and checks which are in uptrend by 11.15 AM. There could be multiple stocks which can show signs of upt...
Earlier I was trading with bank nifty options, where in I used to buy options. When the premiums were decaying, I couldn't tolerate the mini attacks I got, leading me take multiple wrong trades & thus losing more money & more heart attacks. Then I decided, I'm not an aggressive kind of person & I don’t have that maturity to handle the losses. Idea Script - EICHERMOT So I started to find out ideas in equities, finally ending up with one I'm sharing with you. This is a mechanical trading system where in you need to enter & exit only as per rules and need not validate with indicators or crunching numbers. Idea Script - EICHERMOT Time frame - 1 Hr. Entry criteria = 9am candle closing above or below 2pm & 3pm candles of previous day and candle should be positive ( green candle) if it is breaking high & negative (red candle) if it is breaking low. ( this is very important)(edit 1) OR current hourly candle closing above or below high or low of previous ho...