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5 EMA Strategy by Subasish Pani

5 EMA strategy by Subasish Pani

This strategy works on the EMA indicator.

Join this telegram channel to get updates on this product: https://t.me/Myalgomate5EMA 
Or Search with the name “Myalgomate5EMA”

Also, known as :
EMA Intraday Strategy by the ‘Power of Stocks’
Subhasish Pani 5 ema strategy
Algo-Trading with 5 EMA strategy
DISCLAIMER:
  1. We, Myalgomate Technologies LLP, are a technology provider platform and do not act/intend to act as a wealth manager/ advisor in any capacity.
  2. This tool is an automated version of the strategy available in the public domain.
    We neither endorse this strategy nor provide backtest data or any standard configuration.
    All the parameters are configurable and user needs to decide their own parameter to use the software.
  3. The intention behind automating this strategy is to help those traders who are already trading on a similar strategy and want to automate it.

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Strategy Details

Join this telegram channel to get updates on this product: https://t.me/Myalgomate5EMA Or Search with the name “Myalgomate5EMA”

Instruments to trade:

  • Equity & Futures

Intraday or Positional:

  • Intraday

Execution Details:

  • At every candle close, it will be checked for signal. The signal is scanned during the start time and stop time mentioned.
  • Sell signal: low of the candle should not touch EMA. This candle will be called a signal candle.
  • If the price goes down below the signal candle low, then it will sell.
  • Sl is set on signal candle high. Target is set by the RR set by the user.
  • If SL or target is not achieved during the day, then it will exit the positions at exit time.
  • You can set the max no of trades in a day.

Protect Profit:

There are three modes available to protect profits:

  • Lock Minimum Profit
  • Trail Profits
  • Lock & Trail Profits

Lock Minimum Profit:

Example:
If Profit Reaches = 10000
Lock Min Profit At = 5000

When your profit reaches 10000, it will lock the minimum profit at 5000. So when your MTM comes down to 5000, it will exit all positions.
This happens one time only.

Trail Profits:

Example:
Increase in Profit = 5000
Trail Min Profit by = 3000

With every 5000 increase in profit, it will trail your min profit by 3000.
When profit reaches 5000, min profit locked at 3000
When profit reaches 10000, min profit locked at 6000 and so on…

Lock & Trail Profits:

In this mode, first, it will lock the profit at Lock Min Profit value and then it will start trailing profits.

Example:
If Profit Reaches = 10000
Lock Min Profit At = 5000
Increase in Profit = 5000
Trail Min Profit by = 3000

When your profit reaches 10000, it will lock in profit at 5000
After that,
When your profit reaches 15000, min profit locked at   8000
When your profit reaches 20000, min profit locked at   11000 and so on…

Please note, when your profit comes down to lock profit level, it will start exiting positions. It doesn’t mean that you will get the exact profit as per your lock profit value.

Exit Conditions:

  • Target RR
  • User exits position from software
  • Time-based exit
  • Global Max Profit / Global Max Loss
  • Protect Profit

Configurable Parameters

• There is no limitation on how many symbols ( Equity / Futures) can be added for scanning.
• Paper trading functionality with PNL and order book generation.

Global Configurable Parameters:
(These parameters are common for all the straddles/strangles taken by the user.)

  1. Start time
  2. Stop Entry time
  3. Exit time
  4. Max. no. of Trades
  5. Timeframe
  6. Expiry Date
  7. Global Max Profit
  8. Global Max Loss
  9. Order Type ( Dropdown: MARKET / LIMIT )
  10. Product Type (Dropdown: MIS/NRML)
  11. Limit Order Configuration
    1. Limit Buffer %
    2. Seconds to modify Limit order to market
  12. Protect Profit
    1. Lock Minimum Profit
    2. Trail Profits
    3. Lock & Trail Profits
  13. Execution Mode ( Paper Trade / Live Trade )

Configurable Parameters at symbol level:
(These parameters can be configured separately for each symbol.)

  1. Underlying (Equity/futures list)
  2. Entry Type
  3. Quantity calculation
    1. Mode: By Qty / Lots
    2. Mode: By Capital
    3. Mode: By Risk per trade
  4. EMA Period
  5. Target RR
  6. Entry in Next Candle Only ( Check box)

Order Execution

Order Configuration:

  • Entry Ordet Type- Limit Order
  • Stoploss Order Type – SL (Applicable for Individual Leg SL only)
  • Limit Order Configuration :
    • Limit Buffer %
    • Seconds to modify
  • Product Type : MIS / NRML

Entry Order:

  • For entry order, it will be placing a Limit order. Price will be calculated as below example:
  • Entry Type = SELL
    LTP @ the time of placing order = 100
    Limit buffer % = 2%
    Seconds to modify order = 5
    It will place a sell limit order with 2% below the price which will be 98.
    If your order is not executed within 5 seconds it will modify to market.

SL Order:

Individual Leg SL:

  • For the SL order, it will be placing a Stoploss Limit order. Price will be calculated as below example:
  • Entry Type = Buy, Exit Type= Sell
    SL Price = 100
    Limit buffer % = 2%
    Seconds to modify order = 5
    It will place an SL buy order with trigger price = 100 and limit price = 102.
    So in this case your SL order may get filled anywhere between 100-102 with the best available price.
    If your order is not executed within 5 seconds it will modify to market.

Combined Leg SL:

  • It will be placing a Limit order to exit positions when combined SL is hit.

You can tweak “Limit buffer %” and “Seconds to modify order” parameters as per your requirement to get the best results.

If the broker’s API fails due to any reason while modifying the SL order to market after X seconds, then your position will be open without any SL. In this type of scenario, you will need to manage and exit manually.

Salient Features

Screens:

  1. Signal Window
  2. Order Book
  3. Position Book
  4. Parameter Window
    • The Signal window shows the live signals generated and all different values like Entry Price, Target Price, SL Price, Quantity, etc. depending upon the strategy.
    • Order Book shows all the orders placed by the software.
    • Position Book shows the live MTM and open positions generated due to software.
    • Parameter Window displays all the parameters set by the user.

Some Other Functionalities:

  • User can save the configuration in case he / she wants to trade the same configuration every day

Pre Requisites

Required Broker API with historical data.

Infrastructure :

  • Cloud Machine ( AWS Provides it for Free ) can be used in Windows / MAC System
  • If you opt for a Cloud machine, there is no other internet speed requirement or min computer requirement.
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