Many traders would have already tried the NR7 Intraday strategy, as it is much easier to trade especially those who are working full time in a job. Details about NR7 strategy were already shared here
https://tradingqna.com/t/how-to-select-stocks-for-intraday-trading/3632/3
I publish the NR7 stocks list like the below image daily in our Telegram channel.
Traders just need to place both buy and short order, Once the orders are placed, we just need to wait for the stock to either go up and trigger our buy order or go down and trigger our short order.
But there are two major issues traders face with NR7 strategy.
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Sometimes there are more than 10 to 15 stocks that comes in NR7 watchlist, unable to place all orders.
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Sometimes after we place the order, the stock hits stop loss and reverses in opposite direction. If we have not taken the 1st trade and taken only 2nd trade we would have made profits.
So to simplify further and make it more easier, we just have to wait and watch for the first order to get trigger, once it gets triggered, we will then place the second order in our trading account.
Take example of Exide:
First triggered sell order at 246, then in few mins it moved up and hit stop loss at 250. If we have skipped this first order, and placed only the buy order, we would have made higher profit.
So the solution is wait for the first order to happen and place second order. We will generate auto alert, so whenever this first order happens.
We have developed Telegram bot for Zerodha users,
Sample alert:
So its now easier for the user to place orders, as and when they get the alert, they can simply place the order. And even you get a confirmation alert if those orders are executed.
Once the user gets the notification in Telegram, he can click of the button to execute the order.
Here’s how the execution can be done from Telegram itself.
You can check the video to know how it works in real time.
The telegram bot has been running live since May 2018, and here’s the live performance of the strategy.
and the live results are updated in this google sheet https://goo.gl/x8c1sH
More details are updated here - https://medium.com/squareoff-in/trade-from-telegram-now-fdb124c6114e
