Developing algo strategy

pareshgc

I have a strategy that I want to develop on your platform for my own use . How to proceed?

pareshgc

pareshgc Yesterday I did not received any reply. Kindly notify me if we can proceed further?

pareshgc

Entry conditions

1) current volume should be greater then 3 times of average of last 10 periods (last 10 volume bars of 5 minutes)
2) Price is above vwap
3) Open interest of the strike crosses down its 20 period MA with slope of degree of 45 or greater

Exit conditions

1) TP-20% of deployed fund for the trade
2) SL - Previous candle's low broke

Timeframe - 5 minutes

Segment - Stock options

Type - Long only

Duration - Intraday

Additional conditions -
Max 3 trades any given point of time should be live. Can't handle more than that.
Strategy should scan and execute from my customized watch list.

samir7399

pareshgc - Features like Volume, VWAP, OI, stocks and candle conditions are currently not available on Algotest.

Hopefully they will introduce them in future.

chrisds9797

pareshgc Hi Paresh. I'm a coder. Your logic seems simple to implement. Have you manually verified the performance of your strategy?

Ramneet

pareshgc
Hey, Features like volume, vwap, OI are not currently available on AlgoTest. But you can make this strategy on Chartink and can deploy it on Algotest.

Please refer https://youtu.be/rNk1BWzpLHc for further explanation of Chartink integration with Algotest.

pareshgc

Yes. Chris. I did check and backtested.

pareshgc

Only issue is, I will create custom watchlist of say 20 strikes and the code has to scan this watchlist for conditions. I may have 25 stocks under radar. And I may take one strike from each stock in my watchlist.