Can you please anyone help me with tradetron builder conditions-Option Buy Call/Put
Define the security: Define the security or symbol you want to trade:NIFTY
Define the time interval: Define the time interval for which you want to analyze the security: Interval: 15 minutes
Calculate Fibonacci levels: Calculate the Fibonacci retracement levels based on the recent high and low of the security.
Fibonacci Retracement Levels:
Level 1: 23.6%
Level 2: 38.2%
Level 3: 50%
Level 4: 61.8%
Level 5: 100%
Define the Buy condition: Define the buy condition based on the
retracement level. In this example, the buy condition is triggered when
the security bounces back up from the 61.8% retracement level.
Buy Condition: If L < 61.8% and C > 61.8% then Buy
Define the Sell condition: Define the sell condition based on the
retracement level. In this example, the sell condition is triggered when
the security falls back down from the 38.2% retracement level.
Sell Condition: If H > 38.2% and C < 38.2% then Sell