I need code for this stradergy,
2652 THEORY OF DAY TRADING THE MOST IMPORTANT THINGS TO TRACK IN DAY TRADING
- Previous days range (difference in days high and days low) the most important
- That days’ high and that days’ low at 10:15 am after the start of markets
PDR = PDH - PDL
F1 = 0.4333 * PDR
F2 = 0.7666 * PDR
F3 = 1.3333 * PDR
Opening Range = High – Low (at 10.15 AM)
If F1 > Opening Range Factor = F1
Else
If F2 > Opening Range Factor = F2
Else
If F3 > Opening Range Factor = F3
Buy Stop Order for Long = Intraday Low + Factor
Sell Stop Order for Short= Intraday High - Factor
Thanks advance,
Aravind