High Low Breakout Trading Strategy.

High Low Breakout Strategy is one of the easy and most profit making strategy. But you need to follow the rules and stock selection need to to proper.

Advantage : No Need to watch chart continuously.

Steps for trading strategy

1. Mark 1st 15 Min High & 1st 15 Min Low.
2. Buy Rule : 1st 15Min High + 0.05
3. Sell Rule : 1st 15Min Low – 0.05
4. Stop Loss
   1. Buy Stoploss is 1st 15Min Low + 0.05
   2. Sell Stoploss is 1st 15Min High + 0.05
5. Target :
   1. T1 = 0.75% of Range
   2. T2 = 1.25 of Range
   3. T3 = 15 Min Before Market close.

 

Example :
On 24-May-2019 : Dabur India

Step 1 : Mark 1st 15 Min High & 1st 15 Min Low.
High : 393.95
Low : 388.00

Step 2 : Buy Rule : 1st 15Min High + 0.05
Buy Rule : 393.95 + 0.05 = 394

Step 3 : Sell Rule : 1st 15Min Low – 0.05
Sell Rule : 388.00 – 0.05 = 387.95

Step 4: Stoploss
Once we place both Order then if any one execute then second one work as stoploss for that

Step 5: Target
Range = 6.05
T1 = 0.75 of Range = 0.75 * 6.05 = 4.55 = 394 + 4.55 = 398.55
T2 = 1.25 of Range = 1.25 * 6.05 = 7.55 = 394 + 7.55 = 401.55
T3 = 15 Min Before Market close. = 399.50

As you can see in image it reach T1, T2 Both and at T3 it is also in profit..

Note : Stock Selection Important for it.