PlanTradePlanMM

Gap driven intraday trade (better in 15 Min chart)

// Based on yesterday's High, Low, today's open, and Bollinger Band (20) in current minute chart,
// Defined intraday Trading opportunity: Stop, Entry, T0, Target (S.E.T.T)
// Back test in 60, 30, 15, 5 Min charts with SPY , QQQ , XOP , AAPL , TSLA , NVDA , UAL
// In 60 and 30 min chart, the stop and target are too big. 5 min is too small.
// 15 min Chart is the best time frame for this strategy;
// -------------------------------------------------------------------------------
// There will be Four lines in this study:
// 1. Entry Line,
// 1.1 Green Color line to Buy, If today's open price above Yesterday's High, and current price below BB upper line.
// 1.2 Red Color line to Short, if today's open price below Yesterday's Low, and current above BB Lower line.
//
// 2. Black line to show initial stop, one ATR in current min chart;
//
// 3. Blue Line (T0) to show where trader can move stop to make even, one ATR in current min chart;
//
// 4. Orange Line to show initial target, Three ATR in current min chart;
//
// Trading opportunity:
// If Entry line is green color, Set stop buy order at today's Open;
// Whenever price is below the green line, Prepare to buy;
//
// If Entry line is Red color, Set Stop short at today's Open;
// Whenever price is above the red line, Prepare to short;
//
// Initial Stop: One ATR in min chart;
// Initial T0: One ATR in min chart;
// Initial Target: Three ATR in min chart;
// Initial RRR: Reward Risk Ratio = 3:1;
//
// Maintain: Once the position moves to T0, Move stop to "Make even + Lunch (such as, Entry + $0.10)";
// Allow to move target bigger, such as, next demand/ supply zone ;
// When near target or demand/ supply zone or near Market close, move stop tightly;
//
// Close position: Limit order filled, or near Market Close, or trendline break ;
//
// Key Step: Move stop to "Make even" after T0, Do not turn winner to loser;
// Willing to "in and out" many times in one day, and trade the same direction, same price again and again.
//
// Basic trading platform requests:
// To use this strategy, user needs to:
// 1. Scan Stocks Before market open:
// Prepare a watch list for top 10 ETF and Top 90 stocks which are most actively traded.
// Stock might be limited by price range, Beta, optionable, ...
// Before market open, Run a scan for these stocks, find which has GAP and inside BB;
// create watch list for that day.
//
// 2. Attach OSO and OCO orders:
// User needs to Send Entry, Stop (loss), and limit (target) orders at one time;
// Order Send order ( OSO ): Entry order sends Stop order and limit order;
// Order Cancel order ( OCO ): Stop order and limit order, when one is filled, it will cancel the other instantly;
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Yorumlar

looks interesting. did you check with CFDs to find the logic? (for ex. SPX). It should work better on momentum based stocks. In general amazing. Thanks for share. elliott, fib levels MA9, MA50 and HMA 143 are also sometimes get good entry or stop points. channels works best on CFDs and decide base on them on the real stock. (for ex. channel in SPX and decide to start, stop in SPY) best wishes
Cevap Gönder
@Alirezaaa, One of my teacher used this logic in his daily income trade (he traded AMZN, GOOG, ,..., total about 20 in the watch list).
His original idea was Pivot trade: Open above pivot to long; Open below daily BB(20) to long; Open below pivot to short. Open Above daily BB(20) to short;
after market open, He used the first 10 seconds to verify the direction and momentum, Then he sent stop entry and market entry for 5 to 10 stocks, and gave up the others;
I also created a script to simulate pivot trade logic, but currently, the result is not as good as trade Gap only. Once I can make the performance better, I will publish it.
Cevap Gönder
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