Optimize Your Trading with Range Breakout Automation: A Step-by-Step Guide

Strategy Description :

This strategy Trades Range Breakout of Ranges specified by the user. Empower your trading strategy with our feature-rich algorithmic trading bot. Define your trading range with inputs for high and low values, set precise targets and stop losses in points, and apply buffers for added security. Whether you prefer booking profits and trailing stop losses or exiting at predefined targets, our bot offers flexibility. Download, install, input your details, and launch the software to start optimizing your trades effortlessly.

Listed below are some of the features of this bot : 

1. Input High and Low of the range you want to trade.
2. Target : Enter the target in points.
3. Stop Loss : Enter the number of stop loss in points
4. Buffer : Enter the buffer in points.
5. Max Trades : Enter the maximum trades .
6. Quantity /LOTS : Enter the quantity/number of lots you want to trade.
7. Select between Paper Trading and Real Market Trading.
8. Select between Smart risk management and Predefined qty.
   • smart risk management :You can allocate max. risk to each stock you trade.Our algo will calculate qty accordindly.
   •  Predefined qty : Enter the quantity you want to trade.
9. Select between Fixed Qty and Increasing Qty.
   1. FIxed qty trades with the same qty as you entered in all trades.
   2. Increasing qty increases the number of lots until max. number of stop losses are reached
10. Select between single target mode and continuous mode.
11. Select between book profit & trail SL and Exit at target.
    1. Book profit & trail SL : This mode books profit with half qty and trails half according to the trailing SL provided.
12. Select between only buying and only selling.
13. Max. profit/ max. Loss per script.

How to Execute Range Breakout Strategy?

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. Copy your unique API key from Ant Web and paste it in API key section.

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

Algo Setup :

Select the modes and enter the values in the required fields, enter your Client ID, password and click on ‘START ALGO’.

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