Intraday Trend following strategy is a long only strategy, that focus on stocks which has shown some momentum already.
At https://squareoffbots.com/ we have multiple trading strategies that are available in our Fully automated platform. One such strategy is Intraday Trend
This strategy works on plain simple logic. It doesn’t focus on gaps, doesn’t focus on opening range or any other such known factors. Instead this strategy waits till 11:15 am, after 2 hours from market opens, that’s when the whole noise goes down. All over night news gets factored in the price of all stocks, the movements become stable, this is when our algorithm starts scanning the stocks.
The algorithm starts scanning all 150+ stocks and checks which are in uptrend by 11.15 AM. There could be multiple stocks which can show signs of uptrend, so our algorithm picks up top 5 stocks that has moved up >3% from Open to 11.15 AM, and go long on these 5 stocks with day open as stop loss. Once entry is done, we close the position by 3:20 PM, no targets.
So the rules are simple & straight forward.
- Look for stocks that has moved up >3% by 11: 15 AM from Day open.
- Go long at 11:15 AM candle close
- Stop loss Day open price, if stock goes below day open price, we exit.
- If stop loss is not hit, we close the position by 3.20 PM
- No shorts, only long.
Shorts will not work well with this logic because of short squeezes and mean reversion that often happens with beaten down stocks, hence going only long has ended up in higher profits with this strategy.
The strategy has been tested from 2016 to 2020, it has given consistent returns year on year.
Traders who wanted to trade this strategy, can use our Fully automated platform https://squareoffbots.com/ The bot would automatically place these orders for you, in your own account. Open an Alice Blue account online using our partner link https://squareoffbots.com/aliceblue and get free trial access to All our trading bots.
The bot has made around 70% gross profits in last one year, here’s the live performance report https://performance.squareoffbots.com/ for Rs.50,000 capital
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Please specify the margin(1x, 3x,10x) taken for the returns mentioned.
Its 10x
Sir, Is this bot free or i want pay any amount. Will you please clarify me
Hi, Our bot works only with four brokers AliceBlue, Fyers, Angel Broking and Trusline
https://squareoffbots.com
We provide a 7 days free trial, followed by a charge Rs.29500 per year to access all 10 different trading strategy bots. Minimum capital required to trade cash segment bot is 25k and min cap req to trade fno bot is 50k to trade one lot
Is there any maximum change % after which we should not enter ? For example, If stock moved 7% at 11:15am, Is it wise to take trade or restrict trade in stocks which are in 3% – 3.5% change at 11:15?
There is no such cap, we simply pick top 5 from the list that satisfies the condition
1)Do u have monthly subscription plan,
2) I’ve seen in one of your demo video that u can feed capital as even 1000/- for intraday equity trades.
No, we only have yearly plans where we charge Rs.29500 per year, however we provide free bots as well for users who open account under our referral using this link https://squareoffbots.com/aliceblue
contact us at support@squareoff.in for any queries
is the max drawdown given here is in % terms or in points term ??
in terms of percentage
this strategy has a dd of 61% ? omg
Yes, that’s right. You need to reduce the leverage to reduce the risk
When I use this link https://squareoffbots.com/aliceblue to get the free trial from Aliceblue – your systems ask me to open a new account – werein I have already opened my account so why is it not linking to my Aliceblue account even though I’m logged into my aliceblue account ?
Hi, if you already have aliceblue account, login to https://squareoffbots.com/ and take free trial
Thank you for sharing the strategy, really helps.
One question on stock selection: Do you take only FnO stocks or any specific filter to select the 150+ stocks?
Yes, only FNO stocks
Now the margin is almost reduced to 1×3 .. will it be profitable?
Both returns and risk reduces as the margin requirement goes high
Which Bot is for cash segment??
Is this in cash segment or futures? How do you select the top 5 stocks from the list at 11:15am?
its cash segment, based on ROC we select the top 5 stocks