Intraday Trend Trading

Intraday Trend following strategy is a long only strategy, that focus on stocks which has shown some momentum already.

At we have multiple trading strategies that are available in our Fully automated platform. One such strategy is Intraday Trend

Please login to Our Algo Dashboard (  - Aliceblue)  (  - Trustline) account after 8am every day

This strategy works on plain simple logic. It doesn’t focus on gaps, doesn’t focus on opening range or any other such known factors. Instead this strategy waits till 11:15 am, after 2 hours from market opens, that’s when the whole noise goes down. All over night news gets factored in the price of all stocks, the movements become stable, this is when our algorithm starts scanning the stocks.

The algorithm starts scanning all 150+ stocks and checks which are in uptrend by 11.15 AM. There could be multiple stocks which can show signs of uptrend, so our algorithm picks up top 5 stocks that has moved up >3% from Open to 11.15 AM, and go long on these 5 stocks with day open as stop loss. Once entry is done, we close the position by 3:20 PM, no targets.

So the rules are simple & straight forward.

  1. Look for stocks that has moved up >3% by 11: 15 AM from Day open.
  2. Go long at 11:15 AM candle close
  3. Stop loss Day open price, if stock goes below day open price, we exit.
  4. If stop loss is not hit, we close the position by 3.20 PM
  5. No shorts, only long.

Shorts will not work well with this logic because of short squeezes and mean reversion that often happens with beaten down stocks, hence going only long has ended up in higher profits with this strategy. 

The strategy has been tested from 2016 to 2020, it has given consistent returns year on year.

It works only with Aliceblue and Trustline broker account, if you do not have one, open account using mentioned below link - AliceBlue Trustline

If you have an existing account, you can also use that. You just have to go to below link and enable free trial AliceBlue Trustline