Nifty Breakout Levels Strategy (v7 Hybrid) by maheshxlent
By maheshxlent
Performance Metrics
- Author: maheshxlent
- Symbol: NSE:NIFTY1!
- Timeframe: 1 hour
- Net P&L: +1,192,324.80 INR (+527.62%)
- Win Rate: 45.3%
- Profit Factor: 1.564
- Max Drawdown: 117,561.93 INR (18.88%)
- Total Trades: 492
Description
Nifty Breakout Levels Strategy (v7 Hybrid – Compounding from Start Date)Instrument / TF: Designed for current-month NIFTY futures on 1-hour timeframe, with at most 1 trade per day.Entry logic: Uses a 10-bar breakout box with a 0.3% buffer, plus EMA-based trend + proximity filter.Longs: price in breakout-high zone, above EMA50/EMA200 and within proximityPts.Shorts: price in breakout-low zone and strong downtrend (EMA10 atrTradeThresh and during regular hours (till 15:15).Risk / exits: Stop loss is ATR-adaptive – max of slBasePoints (100 pts) and ATR * atrSLFactor; TP is fixed (tpPoints, e.g. 350 pts).Longs have stepped trailing profit levels (100/150/200/250/320 pts) that lock in gains on pullbacks.Shorts have trailing loss-reduction levels (80/120/140 pts) to cut improving losses.Additional exit: 1H EMA50 2-bar reversal against the position, plus optional EOD flatten at 3:15 PM.Compounding engine: From a chosen start date, equity is rebased to startCapital, and lot size scales dynamically as equity / capitalPerLot, with automatic lot reductions at three drawdown thresholds (ddCut1 / 2 / 3).Automation: All entries and exits are exposed via alertconditions (long/short entry & exit) so the strategy can be connected to broker/webhook automation.