Requirement-execution time frame 15-min(close)
1.(15 minute opening range breakout) system on selected list of stocks for the day.
2. Enter on close- of high/low of 1st 15-min bar with correlation to its sectorial index ie. corresponding sector also should be trading below/above its respective 1st 15-min range, the system should scan this till 2PM for the given stocks.
3. SL- it will be based on entry candle 14 period ATR (avg. true range) points multiply by 1.1 eg. if value of ATR at that moment is 5 system should take 5*1.1=5.5 as sl points.
4.Target- system should close all trades at 3pm same day.
[login to view URL] Sl- after 1:2 reward is done , SL should be modify to cost.
[login to view URL] sizing- (1% of total capital/SL points)=QTY which needs to bought or sold,but it should flexible as and when i need to modify it like 0.5% to 5% of my capital.
.eg 1L cap 1% 1000 and sl which is derived from ATR is 3 so 1000/3=333.33 ...system should round off this value to whole and place order for that stock
[login to view URL] algo/squareoff all existing position option.
[login to view URL] extreme cases and proper error management.