Intraday Trend Following Strategy

  • Jun-10-2020

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


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


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.

Traders who wanted to trade this strategy, can use our Fully automated Alice Blue platform https://squareoffbots.com/aliceblue/login  The bot would automatically place these orders for you, in your own account. Open an Alice Blue account online using our partner link https://squareoffbots.com/aliceblue and get free trial access to All our trading bots.


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  • profile
    Paras D
      1 week ago

    please share past results excel file

    Reply 0 comments
  • profile
    Deepak Saxena
      3 weeks ago

    Please send me past performance Excel sheets to understand stretegy better.

    Reply 0 comments
  • profile
    sudheer kumar
      3 weeks ago

    please share the back test results..

    Reply 0 comments
  • profile
    Deepak Saxena
      3 weeks ago

    Is free trial with actual orders or paper trade. I wish to see paper trade first and after satisfaction go for actual trade

    Reply 1 comments
    • profile
      Square Off
        3 weeks ago

      Paper trade is not available, you can still take the trial without any funds in your account, so that when bot place the order, it will get routed to your account and gets into rejected state due to insufficient funds, this way you can know the performance without investing money.

  • profile
    Satish Kadam
      4 weeks ago

    Hi Please share the backtesting excel Thanks Satish Kadam

    Reply 0 comments
  • profile
    Satish Kadam
      4 weeks ago

    Please share the excel sheet for back testing Thanks Satish Kadam

    Reply 0 comments

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