Opening Range Breakout for Equity July 26 2017:
Scanner to pick stocks at EOD :
Volatility/Beta : Price Range More than Two Day Range period - 5 % (EOD)
Price/Volume - Today’s EOD Volume Greater Than By 3 Days EOD Average Volume of 100 %
Price/Volume - Today’s EOD Volume Greater Than By 3 Days EOD Average Volume of 200 %
Price/Volume - Today’s EOD Volume Greater Than By 5 Days EOD Average Volume of 100 %
Price/Volume - Today’s EOD Volume Greater Than By 5 Days EOD Average Volume of 200 %
Price/Volume - Today’s EOD Volume Greater Than By 10 Days EOD Average Volume of 100 %
Price/Volume - Today’s EOD Volume Greater Than By 10 Days EOD Average Volume of 200 %
Price/Volume - Today’s EOD Volume Greater Than By 14 Days EOD Average Volume of 100 %
Price/Volume - Today’s EOD Volume Greater Than By 14 Days EOD Average Volume of 200 %
Price/Volume - Today’s EOD Volume Greater Than By 1 Month EOD Average Volume of 100 %
Price/Volume - Today’s EOD Volume Greater Than By 1 Month EOD Average Volume of 200 %
Price/Volume - Price Above 50 (EOD)
Price/Volume - Price Below 1000 (EOD)
Price/Volume - Volume Above 2 lakh (EOD)
Price/Volume - Volume Below 1 crore (EOD)
(these filters are for intraday EOD, so next day these stocks are automatically
eligible for trading in intraday in range breakout )
Trading entry :
** First trade profit means no second entry
** First trade loss means, second reverse entry
must be double qty / triple qty trading.
** Second trade also loss… no more trades per day only two trades maximum…
Calculate the following :
(range breakout to be done as user defined inputs)
ORB HIGH = 9.15 am - 9.20 am Highest High value
ORB LOW = 9.15 am - 9.20 am Lowest Low value
RANGE = ORB HIGH - ORB LOW
( FOR VALID BUY/SELL : RANGE >=0.40 < = 2% OF STOCK PRICE )
Ignore trades if range above 2 percent or below 0.40 percent for entire day.
Buy Entry :
9.15 AM - 9.20 AM price candle’s high breaks take a buy, by adding
a spread of 10 paisa, 20 paisa like. (example for hundred rs stock add 0.10 paisa)
Adding spread can be done as manual entry
Target :
1 % from Entry Price.
Stop Loss :
ORB LOW.
Sell Entry :
9.15 AM - 9.20 AM price candle’s low breaks take a sell, by debiting
a spread of 10 paisa or 20 paisa like. (example for two hundred rs stock less 0.20 paisa)
Target :
1 % from Entry Price.
Stop Loss :
ORB HIGH