Strategy description

Midcap Nifty Technical Confluence Strategy

This strategy operates on the Midcap Nifty spot chart via TradingView Pine Script, capturing high-probability setups through a confluence of RSI, EMA & ADX indicators.

Performance Highlights

Core Logic / Indicators Used

1. RSI: Momentum filter to avoid overbought/oversold traps
2. EMA: Trend confirmation and entry filtering
3. ADX: Filters trades based on trend strength
4. Entry Logic: Multi-indicator alignment
5. Exit Logic: SL or target hit based on 1:3 RR

Risk Management

1. Stop Loss: Defined per trade
2. Target: 3× stop loss
3. Drawdown Control: Low exposure per trade

Profit Potential

1. Avg Monthly Profit: 12%–25% over 4+ months live
2. Consistency: 37 of 40 months positive in backtest
3. RR Ratio: 1:3 maintained

Automation Setup

1. Signal Generation: TradingView Pine Script
2. Execution: Tradetron via webhook/API

Who Should Use

1. Intermediate to advanced traders seeking systematic exposure to Midcap Nifty
2. Those preferring rules-based, data-driven strategies
3. Traders aiming for long-term consistency rather than high-frequency entries

Final Notes

Past performance does not guarantee future returns. Deploy on paper trading for a few days/weeks before going live, and monitor performance closely.