How to Use the 5EMA Strategy for Automated Trading: A Comprehensive Walkthrough

Strategy Description :

This algo follows a very straightforward strategy i.e 5 EMA by Subasish Pani sir. A lot of videos containing strategy details are available on youtube. Explore the power of the 5 EMA strategy by Subasish Pani sir with our advanced algorithmic trading bot.Chekout our youtube video for more details on stratgy by clicking here. This bot offers comprehensive features including customizable EMA periods and timeframes, option chain selection for Nifty or Banknifty, and the choice between option buying or selling. Download, install, and input your details to start trading efficiently with our intuitive interface.

Features :

Listed below are some of the features of this bot :

1. Quantity (LOTS) : Enter the number of  lots you want to trade.
2. EMA Period : Period of Exponential moving average.
3. EMA Timeframe (minutes) : Timeframe of exponential moving average (1,3,5,15,30).

4. Expiry Day : Enter the Expiry day of the option chain you want to trade.
5. Expiry Month : Enter the Expiry month of the option chain you want to trade.
6. Target Multiplier : Target will be equal to Target multiplier multiplied by stop loss.(size of all candles high – low).
7. Max Trades : The number of breakouts to trade till that number.
8. Strike Distance : Enter the distance of the strike you want to trade from current market price. 
9. Trailing SL Multiplier : Trailing StopLoss will be equal to Trailing multiplier multiplied by stop loss.
10. Max Candle Size : Max acceptable size (High-Low) of the alert candle in points. If the size of the alert candle is more than the value entered then that candle will be ignored.
11. Select between Paper Trading and Real Market Trading.
12. Select between Nifty and Banknifty.
13. Select between option buying and option selling.
14. Select between ITM and OTM. If you want to trade ATM Options, Select any and enter strike distance as 0.
15. Check box  between Long and Short. (Select Long if you want to trade Long side alerts only, Select Short if you want to trade Short side alerts only)
16. Select between Ignore 1st candle and Day High/Low filter.
    •  Ignore 1st candle : 1st candle of day will be ignored.
    •  Day High/Low filter : All candles that form Day High/Low candle  will be traded and rest will be ignored.
17. Select between Profit Booking and Trailing SL.
    • Profit Booking : Profit with 50% Quantity will be book at 1st step Trailing SL.
    • Trailing SL : Stop loss will be Trail according to the Trailing SL Multiplier.
18. Enter client ID &  API key.       

How to set up and started?

1. Click Here to Download the ALGO.
2. Install the algo in your system.
3. Now launch the software from your desktop shortcut or by searching for it in the start menu.
4. Enter the required parameters.
5. Copy your unique Client ID and API key from Ant Web and paste it in the API key section.

Perfect, you are done with the one time setup and are all set to use the algo now.

Execute your trade using Software :

These are the steps to run this bot :

1. Select the modes and enter the values in the required fields, enter your Client ID, API key and click on ‘START ALGO’.
2. Once the algo is started, you can use the ‘SQUARE OFF’ button to square off all your existing positions (note: algo will still trade the new alert received after Square off is done).

For a detailed walkthrough on setting up this algorithm, check out our tutorial video: 5 EMA Strategy. Master the setup and unleash its potential in your trading endeavors!