5min breakout 2

The strategy takes a long position when the stock trades and crosses above the 2nd Candle High.

Order Type

MARKET

Position Type

BUY

Time Frame

5min

Entry Conditions

Multitime frame(5min, Close(0) ) crosses above Nth candle(High,5min,2)

BUY with max allocation 5000 when Multitime frame(5min, Close(0) ) crosses above Nth candle(High,5min,2) at 5min candle interval using Candlestick chart chart. Enter trade between 09:15 to 15:20

Exit Conditions

Multitime frame(5min, Close(0) ) crosses below Nth candle(Low,5min,2)

SELL with max allocation 5000 when Multitime frame(5min, Close(0) ) crosses below Nth candle(Low,5min,2) or at stop loss % of 1 or target profit % of 1.5 at 5min candle interval using Candlestick chart chart.