Rakesh Jain Trading StrategyThis is a Positional High/Low breakout strategy for FO.

Input Parametersi)Symbolii)Entry Side(Buy, Sell or Both)

Strategy LogicEntryi)Based on the input parameters set by the user the strategy should take Entry at the break of High/Low of the previous day.ii)Lets say for symbol Nifty the Entry side is set to Buy. Then the strategy should take entry only at the Buy side at the break of previous day High. If previous day Low value is broken then no Entry is to be taken. Similarly if Entry side is set to Sell then Entry should be taken at break of previous day low value. For Both the strategy should enter either at break of High or Low.iii)For every symbol the strategy should enter 2 lots.

StopLoss i)The StopLoss for Buy side positions the strategy should monitor the Low value of the current & previous two daily candles & the StopLoss should be at the lowest value amongst the three candles.ii)Similarly the StopLoss for Sell side positions the strategy should monitor the High value of the current & previous two daily candles & the StopLoss should be at the highest value amongst the three candles.Trailing of SLi)Trailing of SL should take place only if the previous day’s High/Low values are broken. Inside Candles should be completely ignored by the strategy.ii)Trailing of Stoploss should be maintained at the High/Low value of the previous three candles.Whenever this daily candle trailing stoploss is triggered the strategy should square off only 1 lot.

The remaining 1 lot stoploss should be replaced to Weekly candle. The strategy should monitor High/Low value of the current & previous two weekly candles. For Buy side Entry the SL should be at the lowest value amongst the three weekly candles. Similarly for Sell side Entry the SL should be at the highest value amongst the three weekly candles. Trailing of SL should take place only if the previous week’s High/Low values are broken. Inside Weekly Candles should be completely ignored by the strategy.Trailing of Stoploss should be maintained at the High/Low value of the previous three weekly candles.

Order Types :- Limit Orders with Higher Limit Price.

There should be option the square-off the open positions manually.