BankNifty_Bullish_Intraday — Strategy by makarandpatil
By makarandpatil
Performance Metrics
- Author: makarandpatil
- Symbol: NSE:BANKNIFTY
- Timeframe: 5 minutes
- Net P&L: +11,356.50 NONE (+1.13%)
- Win Rate: 32.6%
- Profit Factor: 1.166
- Max Drawdown: 6,083.05 NONE (0.61%)
- Total Trades: 834
- Sharpe Ratio: −0.417
Description
Dec 26, 2022 The script uses following mechanism to give a signal of BUY if multiple parameters evaluated are all passed.ENTRY-1. 5 min MACD should be more than its previous tick2. 15 min MACD should be more than its previous tick3. 60 min MACD should be more than its previous tick4. ADX should be more than 125. RSI should be more than 606. Stochastic %k should have cross over with %d7. Bollinger band upper band value should be more than previous tickEXITIf the 5 min bar price closes below 5 min EMA , it gives an exit signal.Jan 2, 2023Release NotesAdded a condition to evaluate MACD on 5 minute time frame whether it is above zero line or not.