BankNifty_Bearish_Intraday — Strategy by makarandpatil
By makarandpatil
Performance Metrics
- Author: makarandpatil
- Symbol: NSE:BANKNIFTY
- Timeframe: 5 minutes
- Net P&L: +984.90 NONE (+0.10%)
- Win Rate: 33.2%
- Profit Factor: 1.013
- Max Drawdown: 7,374.75 NONE (0.73%)
- Total Trades: 912
- Sharpe Ratio: −0.748
Description
Dec 26, 2022 The script uses following mechanism to give a signal of SELL if multiple parameters evaluated are all passed.ENTRY-1. 5 min MACD should be less than its previous tick2. 15 min MACD should be less than its previous tick3. 60 min MACD should be less than its previous tick4. ADX should be more than 125. RSI should be less than 406. Stochastic %k should have negative cross over with %d7. Bollinger band lower band value should be less than previous tickEXITIf the 5 min bar price closes above 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 below zero line or not.