specific breakout FiFTO — Strategy by official_fifto
By official_fifto
Performance Metrics
- Author: official_fifto
- Symbol: NSE:BANKNIFTY251230C59500
- Timeframe: 1 minute
- Net P&L: −1,993.25 INR (−0.20%)
- Win Rate: 23.1%
- Profit Factor: 0.612
- Max Drawdown: 4,793.25 INR (0.48%)
- Total Trades: 13
Description
Strategy Description: 10:14 Breakout OnlyOverview This is a time-based intraday trading strategy designed to capture momentum bursts that occur specifically after the 10:14 AM candle closes. It operates on the logic that if price breaks the high of this specific candle within a short window, a trend continuation is likely.Core Logic & RulesThe Setup Candle (10:14 AM)The strategy waits specifically for the minute candle at 10:14 to complete.Once this candle closes, the strategy records its High price.Defining the Entry LevelIt calculates a trigger price by taking the 10:14 High and adding a user-defined Buffer (e.g., +1 point).Formula: Entry Level = 10:14 High + BufferThe "Active Window" (Expiry)The trade setup does not remain open all day. It has a strict time limit.By default, the setup is valid from 10:15 to 10:20.If the price does not break the Entry Level by the expiry time (default 10:20), the setup is cancelled and no trade is taken for the day.Entry TriggerIf a candle closes above the Entry Level while the window is open, a Long (Buy) position is opened immediately.Exits (Risk Management)Stop Loss: A fixed number of points below the entry price.Target: A fixed number of points above the entry price.Visual & Automation FeaturesVisual Boxes: Upon entry, the strategy draws a "Long Position" style visual on the chart. A green box highlights the profit zone, and a red box highlights the loss zone. These boxes extend automatically until the trade closes.JSON Alerts: The strategy is pre-configured to send data-rich alerts for automation (e.g., Telegram bots).Entry Alert: Includes Symbol, Entry Price, SL, and TP.Exit Alerts: Specific messages for "Target Hit" or "SL Hit".Summary of User InputsEntry Buffer: Extra points added to the high to filter false breaks.Fixed Stop Loss: Risk per trade in points.Fixed Target: Reward per trade in points.Expiry Minute: The minute (10:xx) at which the setup becomes invalid if not triggered.