anupamram / banknifty-golden-ratio-strategy

Its a bad but popular strategy that makes decent returns.

The BankNIFTY Golden Ratio Strategy

Please read this FIRST - https://forum.unofficed.com/t/using-futures-data-on-banknifty-golden-ratio-strategy/518

Scrip = BANKNIFTY Futures

Golden Number = ((Previous Day High - Previous Day Low) + Opening Range of Today's First 10 minutes))*61.8%

Entry

Buy Above = (Previous Day Close + Golden Number)

Sell Below = (Previous Day Close - Goldern Number)

Stop Loss at 0.5% Target at 2%

Its a bad but popular among sub brokers and scam marketeers as it makes huge brokerage in the end of the day. The returns looks fantastic if you don't show the charges

Tutorial

All in One Playlist - https://youtube.com/watch?v=jjrDpc2vnM4&list=PLQ4ZLPe8sUF0n77ftl6zwrVxk94luxe-G

Prerequisite: https://unofficed.com/quant-session/

Unofficed

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Link to Telegram Channel - https://t.me/unofficed/🤾‍♂️

If you have questions 👨‍💻😉🤷‍♂️❓❓ ask them in the Slack Channel.

Use this strategy to automate in various brokers of NSE Exchange - Zerodha, Upstox, Alice Blue, SAS Online, 5paisa, IIFL, Interactive Brokers, Fyers using the algo trading APIs.