Here is thought process.
1. Use of fast and slow moving avg cross over
2. Use of volume info.
3. Use of tight SL
4. Use of target profit stops
5. Strategy should return profits after all brokerage+ taxes on monthly basis.
6. Use of TF 5, 15 min.
Rules:
1. Use simple moving avg of 3 as fast moving avg.
2. Use simple moving avg of 80 as slow moving avg.
3. SL should be 10
4. Profit target can be 20,30-60 (best found).
5. TF should be 5 Min or 15 min, 60 min, best results are in 5 min. (you will get better results in 1 min but then brokerage + taxes will be overhead due to more no. of trades).
6. This is start stop strategy. means, it starts with one (or multiple lots) lot buy, two sell and so on.
7. The reason SMA 80 chosen as it gives best coverage of one day plus, 80*5=400 mins.
8. SMA to EMA does not give any great results.
Action:
1. BUY = SMA 3 > SMA 80 with Volume > last 5 bars
2. Sell + Short = SMA 3 < SMA 80 with Volume > last 5 bars
3. Short Cover = SMA 3 > SMA 80 with Volume > last 5 bars
I will post ready made formula and backtesting details soon.
1. Use of fast and slow moving avg cross over
2. Use of volume info.
3. Use of tight SL
4. Use of target profit stops
5. Strategy should return profits after all brokerage+ taxes on monthly basis.
6. Use of TF 5, 15 min.
Rules:
1. Use simple moving avg of 3 as fast moving avg.
2. Use simple moving avg of 80 as slow moving avg.
3. SL should be 10
4. Profit target can be 20,30-60 (best found).
5. TF should be 5 Min or 15 min, 60 min, best results are in 5 min. (you will get better results in 1 min but then brokerage + taxes will be overhead due to more no. of trades).
6. This is start stop strategy. means, it starts with one (or multiple lots) lot buy, two sell and so on.
7. The reason SMA 80 chosen as it gives best coverage of one day plus, 80*5=400 mins.
8. SMA to EMA does not give any great results.
Action:
1. BUY = SMA 3 > SMA 80 with Volume > last 5 bars
2. Sell + Short = SMA 3 < SMA 80 with Volume > last 5 bars
3. Short Cover = SMA 3 > SMA 80 with Volume > last 5 bars
I will post ready made formula and backtesting details soon.