venkat

The strategy initiates a buy position when the Rate of Change of Price becomes positive and the stock is above a resistance level. Suitable for bullish trending markets.

Order Type

MARKET

Position Type

BUY

Time Frame

5min

Entry Conditions

Close(0) higher than Pivot point(r1,standard,No) and Proc(close,14,0) crosses above Proc MA(close,14,simple,20,0)

BUY 100 shares when Close(0) higher than Pivot point(r1,standard,No) and Proc(close,14,0) crosses above Proc MA(close,14,simple,20,0) at 5min candle interval using Candlestick chart chart. Enter trade between 00:00 to 23:59

Exit Conditions

Close(0) crosses below Pivot point(pp,standard,No)

SELL 100 shares when Close(0) crosses below Pivot point(pp,standard,No) or at stop loss % of 1 or target profit % of 4 at 5min candle interval using Candlestick chart chart.