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Open High low strategy

Optimized Open High low strategy

Open High low strategy is one of the popular and very common strategies among traders.

The basic logic of This strategy is :

When Open = High of the first candle (of any time frame) Go short on open of 2nd candle.

And SL is High + 0.05 of the first candle.

Similarly, when Open = low of the first candle (of any time frame) Go Long on open of 2nd candle,

And SL is Low – 0.05 of the first candle.

Target has no specific logic, we can either set in percentage or points or auto square of during market close time ( 3:15 pm).

The Optimised Open High low strategy is a step ahead.

Here is the brief of the strategy:

When Open = High = Go short.  SL can be High + 0.05 of the first candle or in points or percentage/

When Open = Low = Go long. SL can be LOW – 0.05 of the first candle or in points or percentage.

There are 2 targets :

Targets can also be in points or percentage or auto square off at the close of the candle.

When target 1 is achieved, we book partial quantity there and trail the remaining till target 2 with a Trailing SL.

The strategy also has an option of whether to keep 1 target or 2nd  target.

This way we can lock minimum profit on target 1 and aim for maximum profits at 2nd target.

 

Features of AFL :

  1. Works on anytime frame
  2. Scan enabled
  3. Multi options for SL
  4. Multi options for targets
  5. Multi-target enabled.
  6. Fully automated

 

Get this Fully automated strategy at INR 1999 only.

PAYNOW

 

To know how basic Open-high low scanner works in the live market, watch the video here :

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