APIPBridge Box Theory

2022년 11월 28일

Strategy Premise
This is a trend following strategy which plots the boxes based on the length provided. Any breach in the box creates a signal to enter a position.

Strategy Logic
Long Entry: When candle closes above the green line, send LE

Long Exit: Either when SL or Target is hit. If SL/TGT is not hit, and when candle closes below the red line, send LX and SE

Short Entry: When candle closes below the red line, send SE

Short Exit: Either when SL or Target is hit. If SL/TGT is not hit, when candle closes above the green line, send SX and LE


Box Theory Parameters for TradingView Charts

1.Box Length: Length of Box based on the number of previous candles

2.Backtesting : Use this to backtest the strategy between Starting and Ending Date and time , it can also be used to set trades in future time

3.Alert_Message : Need to copy while creating alert into Message Box

4.Trade Setup : Intraday / Positional (Selecct accordingly)

5.Start Time Stop Time (Session 1) : Intraday / Positional start time and end time of trade for session 1

6.End Session 1 : Define time to exit any existing position taken in session 1 so that exchange charges will not apply

7.Use Second Session : Check this to use second intraday session

8.Start Time Stop Time (Session 2) : Intraday / Positional start time and end time of trade for session 2

9.End Session 1 : Define time to exit any existing position taken in session 2 so that exchange charges will not apply

10.Use Target : check if you want to set required target if not cheque will not applicable

11.Use StopLoss : Cheque if you want to set stop loss if not cheque will not applicable

12.Trailling Stoploss : Cheque if you want to set trailing stop loss if not cheque will not applicable

13.Point Or Percentage For TG SL : Use Points or Percentage as per your choice

14.Target : Set as per the selection of (Point Or Percentage For TG SL)

15.Stop Loss : Set as per the selection of (Point Or Percentage For TG SL)

16.TSL_Type : Select as per your logic in %/ATR/Points

17.TSL_Input : Set in case you select %/Points in TSL_Type

18.ATR Length : Set as per your logic if you select ATR in the field of TSL_Type

19.ATR_Mult : Set as per your logic if you select ATR in the field of TSL_Type

20.Segment : Select segment of your logic EQ/FUTIDX/FUTSTK/OPTIDX/OPTSTK/FUTCUR/FUTCUM (Used in case of option / Futures )

21.Select Expiry Date : Select the expiry date of your trade as per the segment you selected (Used in case of option / Futures )

22.Select Expiry Month : Select the expiry Month of your trade as per the segment you selected (Used in case of option / Futures )

23.Year : Select the expiry Year of your trade as per the segment you selected (Used in case of option / Futures )

24.Quantity : Enter the quantity in which you want to trade (Used in case of option / Futures )

25.Product Type : Select MIS/Normal/ CNC as per your logic (Used in case of option / Futures )

26.Order Type : Select Market/Limit as per your logic (Used in case of option / Futures )

27.Strategy Tag : Enter the value in case you are using webhook / advance template in APIBridgeTM

28.Lotsize : Enter the lotsize as per your lotic and quentity selection (Used in case of option / Futures )

29.STEP (OTM/ATM/ ITM ) : Select OTM(+1)/ATM(0)/ ITM (-1) as per your logic works in case of options only

30.DIFFERENCE_BETWEEN 2 STRIKE : Select difference of 2 strikes you have used in APIBridge symbol setting list, like for Nifty 50 BankNifty 100

31.APIB Port : Set as per provided to you by Algoji in case of webhook / advance templet

The Segment full form is given below
EQ Equity
FUTIDX Future Index
FUTSTK Future Stock
OPTIDX Index Option
OPTSTK Stock Option
FUTCUR Futcur Currency
FUTCUM Future Commodity