Nifty Institutional Trend Rider om — Strategy by sojiritesh2003
By sojiritesh2003
Performance Metrics
- Author: sojiritesh2003
- Symbol: NSE:NIFTY
- Timeframe: 10 minutes
- Net P&L: +33,753.30 INR (+33.61%)
- Win Rate: 39.0%
- Profit Factor: 1.262
- Max Drawdown: 7,970.10 INR (7.61%)
- Total Trades: 543
Description
How this manages your "Big Lots" and "Cutting": High Conviction Entry: It only enters CE when the RSI is above 60. This means you aren't just guessing; you are entering when momentum is already strong. The "VWAP" Guard: Big players (FIIs/DIIs) use VWAP. By staying on the same side as VWAP, you avoid being "trapped" by big institutional sell-offs. Automatic "Cutting" (Trailing SL): The red line that appears on your chart when you are in a trade is your Trailing Stop Loss. As Nifty moves in your favor, this line moves up. If Nifty reverses by 0.5% (you can change this in settings), the script will signal to "Cut" the trade immediately. This protects your capital on big lot sizes. Long Term Trend: By using the 15-minute timeframe instead of 5-min, you will catch the moves that last for 2–3 hours (or even until the 3:30 PM close), which is where the real money is made in Nifty options.