This strategy works on the EMA indicator.
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Join this telegram channel to get updates on this product: https://t.me/Myalgomate5EMA Or Search with the name “Myalgomate5EMA”
Instruments to trade:
Intraday or Positional:
Execution Details:
Protect Profit:
There are three modes available to protect 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:
• 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.)
Configurable Parameters at symbol level:
(These parameters can be configured separately for each symbol.)
Order Configuration:
Entry Order:
SL Order:
Individual Leg SL:
Combined Leg SL:
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.
Screens:
Some Other Functionalities:
Required Broker API with historical data.
Infrastructure :
