Post 2 PM we have seen many times, market move in one sided direction when the day high or day low is broken.
It could be due to various reason like, the news that comes in during market hours, Geo political events that affect other international markets which in turn affects Indian markets or its the time European markets opens up and fresh inflows occur.
What if we could ignore all the noise till 2 pm, and then trade the day high or low breakouts. It would be much easier for traders, as we don’t need to sit in front of terminal all the time, we just place the orders at 2 pm and carry on with our work.
Its a modified version of NR7 Trading strategy that focuses on false breakouts. As per the strategy, we just have to wait and watch for the first order to get trigger, once it gets triggered, we will then place the second order in our trading account. We have a Trading Bot that can do this for your.
It is one of the simple Intraday Trading system. which requires just few minutes of your time every day.
NR7 is term given to a day that has the daily range smallest of last 7 days including that day.
How to Find NR7 day
1) Get the High and Low data of last few period 2) Calculate the range of each day i.e. high - low) for each day 3) Compare the range of a today and previous 6 days range (to get NR7. To get NR4 get last 3 days range) 4) If today's range is smallest of all 7 days, then today is NR7 day..else not.
This is one of my favorite setup. It gives u a chance to be ahead of trend follower / indicator followers who will jump in the trend after you.
One of the easiest way to trade this setup will be to go long above the Day's high of NR7 day with stop at the Day's Low of NR7 day.
Go short below the Day's Low of NR7 day with stop at the Day's High of NR7 day.
ZCT bot converts your texts to executable Trade buttons instantly.
There are many instances where you track a stock and before even you react and place the trades, the stock quickly jumps and moves rapidly,where you miss a profitable trade opportunity. This could be solved, if we a solution that could quickly place the trades for you. This is what this bot exactly does. Quicker execution.
And there are traders who follow stock tips, stock advice from other advisory firms, usually they get notified via telegram like below.
This is how most of the advisory firms forward stock tips, instead of user logging into terminal and placing the orders, we can just use the Zerodha Call Translator bot
Click on start and enter your input.
As per the example above, Buy Axis Bank at price 722 with stop loss 719 and target 729. So we enter the same input to bot.
It instantly generates the button.
Just click on Zerodha button or Upstox button, the bot supports only these two brokers, and it takes you to order placement page, just click on place.
And here’s the example of NIIT Future order, as per the example above, the order is Sell NIITTECH futures price at 1245 stop loss 1258 with target 1225. So we input the same to the bot.
Sell NIITTECH qty=1 price = 1245 sl=1258 target= 1225 fut
qty=1 denotes 1 lot and fut at the end denotes futures.
Just click on zerodha or Upstox and place the order, where it places the sell order as bracket order with target and stop loss.
Even you can place multiple orders, say for example, you have list of stocks in your watchlist and want to place orders for all 5 stocks at once when respective levels are reached.
We just need to type multiple orders followed by semi colon, like below
It creates a basket of stocks based on your input and now in a click of a button, you can place multiple orders at once. In case of any queries, please post it in comments section, we shall address it.
This bot designed based on the Stop Loss hunting Strategy.
Greater winning accuracy No Indicators, No charting required Clear Entry, Exit, stop loss and Target rules
When you trade With any strategy , most of the time, you would have noticed , your stop loss getting hit and then the stock moves in the anticipated direction. No matter where we keep our stop loss, sometimes market comes exactly to that point and reverses.
Please refer the below training video to understand more about this strategy
Based on data analysis, we figured out that there is some usual patterns that appears when stop loss gets hit, so we derived an intraday strategy based on that to make profits out of such wild movements. Works wonderfully well with 80% winning accuracy