Hello guys, I have been checking out a strategy which have about. 75-80 percent winning rate if you just stick to the rules.
I am also a amateur trader so I am not recommending, but you can checkout by yourself.
Open Nifty Chart of 5 and 15 minute. We will checkout 15 min chart and take position according to 5 min chart.
Put 5 ema in 15 min chart.
When wick will not touch the 5 ema line we will take position after that. If a 15 min candle open and closes above 5 ema without touching it, then we will make a horizontal line on the lower point of wick and when any 5min candle open below that line, we will buy put and check for 20 points straight.
When a 15 min candle open and closes below 5 ema , then we will make a horizontal line on the top point of wick of that candle and when a 5 min candle open above that line, we will buy call and target for 20 points straight.
We will buy ITM ( 50-100 points away) strike price.
Stop loss will be the lower and higher of the previous candle accordingly.