Hello @Streak
I need your help in creating a strategy to buy 100 shares of a stock, say ITC, if its price is 10% lower than its low price for the year. Similarly, I’d like to set a condition to sell 100 shares of ITC when its price is 10% higher than its high price for the year. I want the system to automatically deduct the money from my Zerodha account balance when these conditions are met.
Alternatively, is it possible to set a mandate for these strategies so that they can be executed even if my Zerodha account does not have sufficient balance to meet the buying requirement?
Please note that I am a novice trader and do not trade in F&O (Futures & Options). I mostly buy and sell stocks for the long term, typically holding them for a few days or weeks, and sell when the prices go up or down. I rarely engage in intraday trading, but I would like you to create two separate strategies, one for long-term trading and another for intraday trading.
And, is this something which can be applied to Coin’s Funds like Flexi Cap or Midcap Funds… I mean Streak do work for Coin Investments too so that the fund units can be Purchased/Sold as per set strategy?
Additionally, I’d like to understand the risks involved in automating the buying and selling process for long-term strategies, as I’ve outlined above, and how I can improve my strategy for better results.
Thanks
