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5 EMA Strategy by Subasish Pani

5 EMA strategy by Subasish Pani

This tool works with EMA indicator on Equity, Equity Futures, Index Futures, and Index Options (except Finnifty)

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
5 EMA strategy traders carnival algo
Algo-Trading with 5 EMA strategy

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Execution Details

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.

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

Demonstration Video:

Instruments to trade:

  • Equity, Equity Futures, Index Futures, Index Options (Finnifty excluded)

Intraday or Positional:

  • Intraday

Different modes of trading:

Scan on Signal OnTrade OnMeaning
EquityEquitySignal is scanned on Equity and Trade also taken on Equity
EquityFutureSignal is scanned on Equity but trade is taken on its future contract
Index SpotIndex FuturesSignal is scanned on Index Spot but trade is taken on it’s Index Future contract
Index FuturesIndex FuturesSignal is scanned on Index Future and trade is taken on it’s Index Future
Index SpotOptions (Buy/Sell Mode)Signal is scanned on Index Spot and trade is taken on Index Options (Based on the options contract selection logic set by user)
Index FutureOptions (Buy/Sell Mode)Signal is scanned on Index Future and trade is taken on Index Options (Based on the options contract selection logic set by user)

 

Execution Details:

  • You can decide whether to take buy-side signals/sell-side signals/ both only or sell-side signals only.
  • You can set the max no of trades per script and the total no of trades across all the symbols.
  • At every candle close, it will be checked for signal. The signal is scanned during the start time and stop time mentioned. At exit time, it will exit all positions.

Buy Side Trades:

  • Signal Candle: High of the candle should not touch EMA. This candle will be called a Signal candle.
  • If the price goes above the high of the Signal Candle High, it will buy.
  • If you have enabled Triggered valid till the next candle, then the high of the signal candle should be broken in the next candle otherwise it will invalidate the trade.

5 Ema Strategy By Subasish Pani Buy Side Trades

Sell Side Trades:

  • Signal Candle: 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.
  • If you have enabled Triggered valid till the next candle, then the low of the signal candle should be broken in the next candle otherwise it will invalidate the trade.

5 Ema Strategy By Subasish Pani Sell Side Trades

Strike Configuration:

For strike configuration, there are two modes available:

  1. Entry by ATM Points
  2. Entry by Closest Premium

Entry by ATM Points:

Examples:

  1. Underlying Price: 35125, CE  ATM Points = 0, PE ATM Points = 0
    ATM Strike = 35100
    CE Strike selected = 35100
    PE Strike selected = 35100
  2. Underlying Price: 35125, CE  ATM Points = 100, PE ATM Points = 100
    ATM Strike = 35100
    CE Strike selected = 35100 + 200 = 35200
    PE Strike selected = 35100 – 200 – 35000
  3. Underlying Price: 35125, CE  ATM Points = -100, PE ATM Points = -100
    ATM Strike = 35100
    CE Strike selected = 35000
    PE Strike selected = 35200

Entry by Closest Premium (CP):

Examples:

  • Closest Premium Price: 100, Type: “~”
    It will select the option contract nearest to the price of 100.
  • Closest Premium Price: 100, Type: “>=”
    It will select the option contract nearest and above the price of 100.
  • Closest Premium Price: 100, Type: “<=”
    It will select the option contract nearest and below the price of 100.

Quantity Configuration:

  • For Equity, you can set quantity based on The of Shares/ Capital per Trade/ Risk per Trade
  • For Futures & Options, it will be based on the no of lots.

Exit Criteria: (Exit conditions currently on website)

  • Time-Based Exit
  • User exits positions from software
  • N Candles H/L from the signal:
    • For example, if you have set the value = 3, then for a sell signal, it will set the SL to the highest of high of the last 3 candles including a signal candle. For the Buy signal, it will set the SL to the lowest low of the last 3 candles including the signal candle.
  • SL & Target based on %/Pts:
    • You can enable SL/target based on the % or points of the entry price.
  • RR-Based Target
    • For Sell side trade: If you have set the RR-based target = 2, entry price = 100, and SL price = 102, then the target will be 96. Opp. for the buy side.
  • Exit based on EMA Touch:
    • For sell-side trade, when the price comes down and touches the EMA, it will exit the position. For buy-side trade, when the price goes up and touches the EMA, it will exit the position.

5 Ema Strategy By Subasish Pani Exit Based On Ema Touch

  • Exit based on Candle Close above / below EMA:
    • For sell-side trade, when the price comes down and the candle closes below the EMA, it will exit the position. For buy-side trade, when the price goes up and closes above the EMA, it will exit the position.

5 Ema Strategy By Subasish Pani Exit Based On Candle Close Above Below Ema

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.

Configurable Parameters

• There is no limitation on how many symbols (Equity, Equity Futures, Index Futures, Index Options (Finnifty excluded)) can be added for scanning.
• Paper trading functionality with live 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 the Strategy level:
(These parameters can be configured separately for each symbol.)

  1. Alias Name
  2. Segment: Equity / Index
  3. Underlying (Equity, Equity Futures, Index Futures, Index Options (Finnifty excluded))
  4. Trade On : (Index Options
  5. Option Mode
  6. Contract Selection
    1. Entry by ATM Points
    2. Entry by Closest Premium
  7. EMA Period
  8. Time Frame
  9. Trade Direction
  10. Max Trade per Script
  11. Trigger Valid till Next Candle (Check box)
  12. Strategy Max. Profit
  13. Strategy Max. Loss
  14. Quantity calculation
    1. Mode: By Qty / Lots
    2. Mode: By Capital
    3. Mode: By Risk per trade
  15. Exit Criteria based on Underlying
    1. N Candle H/L from Signal
    2. SL ( Per / Pts )
    3. EMA Touch
    4. EMA Close Below/Above
    5. Target ( Per / Pts )
    6. RR based target
  16. Exit Criteria based on Trade Symbol
    1. SL ( Per / Pts )
    2. Target ( Per / Pts )
    3. RR based target
  17. Protect Profit
    1. Lock Minimum Profit
    2. Trail Profits
    3. Lock & Trail Profits

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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