Nov-Algo Trading using Gap Breakout Strategy In this episode, we will be scripting a Strategy for intraday traders to trade the gap ups and gap downs based on price breakout. This strategy is back-testable. First, let’s discuss about the strategy. This involves GAP breakout.. Strategy is very simple. when the market open with gap up and…
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What are bonus shares? And How it benefits Investors? What are bonus shares? Just as the name suggests, they are extra shares given along with the shares you already own of any company. This bonus is very simple, it means a free share. Any company, from time to time, declares a bonus share instead of…
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What is stock split? and how stock split works? I’m eating a cookie. But just because I’m breaking it into two, doesn’t mean I’m going to share it. Both pieces still belong to me. Both are going to end up in my stomach. Likewise, breaking a cookie into 2 doesn’t make it into 2 cookies…
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NEW TREND: Having explained what are the different types of trends and trend consolidation is and what criteria need to be fulfilled for each of those scenarios. Let’s now look what needs to happen so we can clearly say that a new trend has started. Newton’s First Law of Motion states: Every object in a…
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How to set targets and stop losses dynamically? In our last episode, we created a simple crossover strategy. In that strategy, the trade execution was determined by moving average crossovers and crossunders. We will now build on that script and set specific stop losses and take profits instead of waiting for crossovers to happen to…
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Algo Trading using Gap and Range Breakout Strategy ups and gap downs based on open range breakout. This strategy is back-testable. First, let’s discuss about the strategy. This involves GAP and Range breakout.. So, let’s begin… Gap: If today’s open is outside the range of yesterday high or low .i.e. if today’s open is higher than yesterday’s…
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I just read a very interesting story in which a shop owner loved his products so much that he went back to his customers and bought them all back. I’m sure this sounds very strange to you but in the stock market, it happens quite often. This process is called a share buyback. So today,…
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In previous 3 lessons we have seen 3 different types of trends (i.e) “How to identify whether we are in an uptrend or downtrend or bullish consolidation”. Now we are moving to next type of trend, which is bearish consolidation. In this video, we are going to see the rules to define and identify a…
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Sept-Creating and Testing a Algo (or) Strategy in TradingView using PineScript At the start of the series, I mentioned there are 2 types of pine script. 1. Study 2. Strategy Study is simply indicators, where as strategies are the real core which can be used for algo-trading. Whatever we have seen in the last 4…
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Algo Trading using Triple Exponential Moving Average Crossover Strategy Triple Moving Average Crossover In this episode, we will build a simple triple EMA (Exponential Moving Average Crossover system). This system is quite popular with traders who are new to technical analysis. In this triple moving average AFL buy, sell signals are coded along with Scanning…
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