This month, we will be discussing two strategies:
1. Intraday Open Range Breakout Strategy:
- Define Open Range:Calculate the high and low levels using the first hour of market data.
- Monitor Breach Points:Wait for the stock price to breach either the high or low level.
- Go Long: If the price breaches the high level.
- Go Short: If the price breaches the low level.
- Close all positions by the end of the day.
2. Positional Supertrend and EMA Strategy
- Calculate the Supertrend on daily candles.
- Calculate the EMA (Exponential Moving Average) on hourly candles.
- Go Long:When the daily Supertrend gives a long signal and the closing price is greater than the daily EMA.
- Go Short:When the daily Supertrend gives a short signal.The closing price is less than the daily EMA.