Backtesting 5 Ema Strategy of Power of stocks

Streak - backtesting
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@Streak @Vasu_patel

I want to create and backtest the strategy of power of stocks. The rules are -

  1. chart time frame 5minutes

  2. Time period 5 (in simple terms its 5ema)

  3. entry when current candle crosses previous candle

low.and if that previous candle is higher than 5ema.

4.Short on banknifty CE atm

  1. target minimum 1:2.

  2. stop loss is, that previous candle high and max 100 points.

3 Likes
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FYI this strategy works best in Bear market only

1 Like
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Hi @Tradeinpeace

I have created a strategy as per my understanding. Refer to the below link for your strategy conditions.

I have used the Signal candle and the Trade candle function to create your exit conditions, and the ATM CE strikes are selected using the Dynamic contracts feature of Streak. Click on the below links to learn more about the functions and how they are used in Streak.

Signal Candle- Indicators - Streak Help
Trade Candle- Indicators - Streak Help
Dynamic contract- Dynamic Contract - Streak Help

Hope this helps

4 Likes
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@Vasu_patel @Streak

Please help with the above same strategy for “Long” on dynamic contracts bank nifty.

Thanks

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I have reversed the conditions for CE buy and have added Bank nifty ATM dynamic contract. Click on the below link to view the conditions.

Hope this helps.

3 Likes
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Awesome !! Thanks Much

1 Like
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Hey guys, what’s the meaning of this statement in the above strategy:

Screenshot 2022-11-18 at 9.38.19 PM
Screenshot 2022-11-18 at 9.38.19 PM2336Ă—524 37.3 KB

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Hi @Hanshu_DD

This condition will generate an exit trigger when a candle closes below the trade candle open(entry price in backtest) minus twice the difference between the entry point and the SL level(i.e. High of the candle above the 5 EMA line in this case). Basically creating a 1:2 Risk to Reward condition.

Refer to the following link to learn about the Trade candle and Signal candle function in detail - Indicators - Streak Help

Hope this clarifies.

1 Like
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I want to create and backtest the strategy of power of stocks of 5 EMA(only PE buy). The rules are -

  1. chart time frame 5minutes

  2. Entry signal when candle closes above 5 EMA

  3. entry when current candle crosses previous candle low

  4. Long on banknifty PE ATM

  5. target minimum 1:3.

  6. stop loss is, that previous candle high
    @Vasu_patel

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@Vasu_patel It will be great if you can help in creating the strategy for the request in the above comment. :slight_smile:

2 Likes
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@SOULCARTEL Can you share a screenshot of the chart marking the entry and exit points so that I can get more clarity on your requirement and will assist you further

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Here it is @Vasu_patel

image

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It is basically 5 EMA strategy by POS
@Vasu_patel

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Can you do it for ATM PE contracts, it would be very helpful

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Have replied to you here - Streak scanner condition - #11 by Vasu_patel

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hi Vasu ,
I want you to make some changes

  1. chart time frame 5minutes
  2. Time period 5 (in simple terms its 5ema)
  3. entry when current candle crosses previous candle

low. and only if that previous candle is higher than 5ema.

4.buying PE just one strike price away

  1. target minimum 1:3
    and I want that it check this condition in bank nifty index and execute this on bank nifty options
  2. stop loss is, that previous candle high and max 100 points.
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Hi @Aditya_Gusain

I have created a strategy as per my understanding of your requirements. Click on the below link to view the strategy conditions.

Do note that your exit conditions cannot be created in Streak currently. This is because the Signal/Trade candle function is not supported inside the Symbol function. As of now, I have kept the SL and TP as 100pts and 300pts respectively. You can change this as per your preference.

Hope this helps.

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thank you so much vasu

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hi Vasu,
I want a strategy that sell CE ATM
chart time 1hr
when candle is lower than 5ema
another candle crosses its high then it should immediately sell CE
and sl should be that candle low which is not touching 5ema and my target should be 20 moving average in 1hr
(it should book profit when it touches 20 moving average)