This is a Trend reversal intraday strategy on Equity. This strategy is integrated to trade with three Brokers i.e. Aliceblue, Mastertrust and IIFL for now, as and when we integrate other brokers will update you all.
The backtest data is available under details tab.
This strategy is designed for Equity cash segment, where equity can belong to any of the 14 Indices available under NSE exchange. We are not only focusing on large cap stocks, but considering mid cap stocks for this Bot to run to maximize the overall return. The strategy has Stoploss and Trailing Stoploss built in.
It can select to trade on 4 to 5 Scripts in a day, hence maximum position shall be limited to 5 trades.
Minimum Investment required is Rs.1,00,000. With Intraday leverage of 4/5 times we can trade for Rs. 4,00,000 to Rs 5,00,000 on that capital.
Target and SL Logic:
The strategy has a built in Target and Stop Loss. Stop Loss is 1% of the Equity entry price and Target can go up to 10% of the Equity entry price. We have Trailing Stoploss as well to protect profit.