Swing Short Entry - 3m GG-EK

3 日前

Overview of the Trading Strategy:

This code is optimized for 3-minute Swing Short entries. Below is a detailed explanation of how the strategy works:

Swing Lines: The code plots swing lines based on Swing High/Low within a defined look-back period. These levels help identify potential reversal points.

Short Entry Trigger: A Short entry is triggered when a candle pattern forms near a swing high or low, indicating a potential market reversal.

Default Stop Loss: The default stop loss is set at the breakout high/low, depending on the trade direction. This stop loss is dynamically calculated based on the price movement.

Extreme Loss Mechanism: If the breakout stop loss is too large, an Extreme Loss Mechanism is employed. For example, if the short entry is at 23500 and the breakout stop loss is at 23575, and an extreme stop loss of 35 points is set, then the stop loss will be adjusted to 23535 to avoid a large loss.

Maxi Candle Concept: To avoid holding a position for too long without hitting profit or stop loss, the Maxi Candle feature automatically closes a running trade if it has been open for too long. For example, if the trade was entered at 11:50 PM and no profit or stop loss has been hit by 12:30 AM, the Maxi Candle will trigger and close the trade.

Retest Candle Feature: This feature ensures that price action retests a level before confirming the trade, reducing false signals and improving trade accuracy.

Important Information:

Free Version: This free version of the strategy will stop showing signals after 17-01-2025. For extensions or upgrades (charges may apply), please contact me.

Custom Coding Services: I also provide coding services for your own setups at minimal charges. For more details, reach out to kgeauditgmail.com or DM me on X at @GGEK316.

Note: This strategy is designed for Nifty Future, where one lot consists of 25 units (not 75, as per the new rules).