I am having confusion creating a strategy in streak based on my requirements

Algos, strategies, code
1

I have very very simple requirements for my Scalping strategy

  1. The strategy has to be done on 9 Ema on 5 min timeframe

  2. When ever the body of a candle (atleast 15 points body) is opened and closed completely above the 9 Ema, we buy CE, and if the body of a candle (atleast 15 points body) is opened and closed completely below the 9 Ema, we buy PE

  3. Trade has to be taken in atleast 50 points ITM premium & only to trade between 9:45a.m - 3:05p.m .

  4. Entry is to be taken just as the confirmation candle closes & with a pre decided Target of 6 points & Stop loss of 6 points (whichever gets hit first)

That’s all
But I’m having a hard time creating this strategy in Streak, plz help.
@Kunal_Streak @Vignesh_Streak @Hitesh_Streak @Sayan_Streak @Streak
Thanks

2

@Streak ??

3

9 EMA at what Timeframe?

4

5 minute timeframe

5

Hi @Sanchit_Sood

Kindly note that the 2 strategies shared above cannot be combined in a single condition. We have shared the strategy link for CE buy to which you can refer to create the other strategy.

https://www.streak.tech/strategy/qna-sanchit-sood

To add the ITM contract we have used the Dynamic contract function (DYC). To learn more you can refer to the link below:
https://help.streak.tech/dynamic_contract/

Hope this helps. For further queries, you can write back to [email protected] and the team shall help you.

6

@Streak Thanks for the response, but I have not shared 2 strategies,
it’s 1 single & simple strategy that whenever in Nifty 50 a candle with a body of atleast 15.5 points is formed completely above or completely below 9 Ema, we have to buy CE or PE respectively(around Rs.130 option price) on the close of that candle on 5 minutes timeframe & set Target = 6 (premium points) & SL = 6(premium points). Trade time between 9:45a.m - 3:05p.m. That’s it, I tried alot but was not able to formulate it l, so was looking for assistance, would be helpful. Thanks

7

@Sanchit_Sood, When two instruments are added to a strategy and the conditions are met, the strategy will initiate entries in both instruments simultaneously. It will not selectively enter just one instrument, such as a call option (CE) or a put option (PE), based on their specific conditions. Hence we had to consider it as 2 strategies.

Note: Selection of options contract based on premiums is not supported.

Hope this clarifies.

8

Oh okay got it so for the same strategy there has to be seperate strategy created for CE trades & other for PE trades, no worries.
So please assist me in that
Specifically for CE Trades in Nifty 50 a candle with a body of atleast 15.5 points is formed completely above 9 Ema, we have to buy CE ATM on the close of that candle on 5 minutes timeframe & set Target = 6 (premium points) & SL = 6(premium points). Trade time between 9:45a.m - 3:05p.m

And for PE trades specifically
In Nifty 50 a candle with a body of atleast 15.5 points is formed completely below 9 Ema, we have to buy PE ATM on the close of that candle on 5 minutes timeframe & set Target = 6 (premium points) & SL = 6(premium points). Trade time between 9:45a.m - 3:05p.m

Thanks alot @Streak

9

Dear @Sanchit_Sood,

We have already responded with the strategy link for the CE trades in the previous response which you can directly copy into your account and make necessary changes if required.

Based on the CE strategy, you can create with a similar approach for the PE trades.

Hope this clarifies.

10

Ohk alright thanks alot @Streak