Discover the framework to build algos in Advanced Strategy Building Course - English batch
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created : 3 weeks ago| | live deployment: 2
Strategy description
Technical Confluence of the Strategy
This strategy operates on the Nifty/Sensex spot chart at 15 Mints TF via TradingView Pine Script, MACD indicators and zig-zag pattern to identify MSS.
Core Logic / Indicators Used
- RSI: Momentum filter to avoid overbought/oversold traps
- MACD: Trend confirmation and entry filtering
- Time Frame: 15 Mints T F used to capture right trade/average 55 trades in a Month
- Entry Logic: Multi-indicator alignment
- Exit Logic: SL or target hit based on 0.2% of trailing SL or MSS
Risk Management
- Stop Loss: Defined per trade
- Target: 3× stop loss
- Drawdown Control: Low exposure per trade
Profit Potential
- Avg Monthly Profit: 12%–25% over 4+ weeks live
- RR Ratio: 1:3 maintained
Automation Setup
- Signal Generation: TradingView Pine Script
- Execution: Tradetron via webhook/API
Who Should Use
- Intermediate to advanced traders seeking systematic exposure to Nifty and Sensex
- Those preferring rules-based, data-driven strategies
- 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.
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