Hello,
I’m new here. Just started with Kite and the API a few weeks back. Zerodha is really doing a great job!
Been reading a lot of books on Intraday trading strategies, and I’ve decided to try the VWAP breakout strategy.
The outline is:
- Check for 10 mins candles
- If at a point in time (eg. 12:00), the current candle’s close is above VWAP AND
- The past 5 candles’ close is below VWAP THEN
- Enter at current candle’s close
- Stop loss of previous candle’s close
- Exit?
So there’s my question. How do I determine my exit price? I’ve been told to choose the day’s high? But how do I know the days’ high at 12:00 ?
Would love some feedback!
Thanks
Rohan