5 EMA STRATEGY : Parameters Walk Through

Strategy Description :

This Strategy follows a very straightforward strategy i.e 5 EMA by Subasish Pani sir. A lot of videos containing strategy details are available on youtube. We are linking one of those for your reference.

Features : 

Listed below are some of the features of this bot : 

Select Trading segment  : Select the Trading segment. like  options, indexes.  

Select Instrument : Select the BANK NIFTY, NIFTY and FINNIFTY instrument.

Select option Expiry and Strike : 

                        a. Expiry of the option chain you want to trade.

            b. Strike Price : Enter the strike distance of the strike you want to

                 trade from current market price.

Buy/Sell : If Options Selected, select between option buying and option selling.

Entry Parameters : 

Moving Average Type : Select the type of Moving Average of EMA or SMA.

MA Period & Time frame : Select the Period and Time Frame of Moving Average. The period is the number of bars used for calculations it can be 1 and higher.

Min Alert candle Size : Enter the Min Alert candle size in points or Percentage.Min acceptable size (High-Low) of the alert candle. If the size of the alert candle is less  than the value entered then that candle will be ignored. 

Max Alert candle Size : Enter the Max Alert candle size in points or percentage.Max acceptable size (High-Low) of the alert candle. If the size of the alert candle is more than the value entered then that candle will be ignored. 

Ignore 1st Candle : 

  a . Select YES if you Want to Ignore 1st candle.

  b.  Select NO if you Want to Ignore 1st candle.

Take Trade On : 

              a.  Day High/Low filter : All candles that form Day High/Low candle  will  

                     be traded and rest will be ignored.

              b.  All :  All candles will be traded.

Trades Type : 

              a.  Both : Select Both if you want to trade long side alert and short side alert.

b . Long : Select Long if you want to trade Long side alerts only.

                          c. Short :  Select Short if you want to trade Short side alerts only.

Max Trades : The number of breakouts to trade till that number.

Exit Parameters :

 Stop Loss : 

                       a. Candle H/L : Select candle H/L button and enter the stop loss in Candle Candle H/L. 

b. Points : Select the point button and enter the stop loss in points.  

                  c. Percentage :  Select the percentage button and enter the stop loss in percentage.

Target :  

                       a. SL Multiplier : Select the SL Multiplier button and enter the target in SL Multiplier.

Define your Stop loss level based on the high or low of a candle ,depending on the

trend direction.

                    b. Points : Select the point button and enter the Target in points.   

           c. Percentage : Select the percentage button and enter the Target in Percentage.

Stop Loss Buffer :   Enter the Stop Loss Buffer. 0 if no buffer is needed.

Stop after n Target : 

                 a. Select YES if you want to stop this Strategy running after n target.

               b. Select NO if you don’t want to stop this Strategy running after n target.

Stop after n Stoploss : 

                 a. Select YES if you want to stop this Strategy running after n Stoploss.

               b. Select NO if you don’t want to stop this Strategy running after stop loss.

STRATEGY RUN : 

Save : Save this Strategy

Save and Deploy : Save and run the Strategy