TWT_MAGIC_MCX
Description:
TWT_MAGIC_MCX is designed to trade the MCX commodities for overnight positions.
The logic behind this is to calculate the closing price based on today's price action and come up with suggestion at end of the closing to BUY or SELL for Next Day.
How to Trade::
if on a 5 Minute Chart, the GREEN arrow appears at 23:25 Candlestick then Enter BUY position
if on a 5 Minute Chart, the RED arrow appears at 23:25 Candlestick then Enter SELL position
if on a 5 Minute Chart, no arrow appears at 23:25 Candlestick then Do not take any trade.
Trade need to be taken between 23:25 to 23:30
Profit/SL need to booked at next morning.
TWT_MAGIC_MCX is designed to trade the MCX commodities for overnight positions.
The logic behind this is to calculate the closing price based on today's price action and come up with suggestion at end of the closing to BUY or SELL for Next Day.
How to Trade::
if on a 5 Minute Chart, the GREEN arrow appears at 23:25 Candlestick then Enter BUY position
if on a 5 Minute Chart, the RED arrow appears at 23:25 Candlestick then Enter SELL position
if on a 5 Minute Chart, no arrow appears at 23:25 Candlestick then Do not take any trade.
Trade need to be taken between 23:25 to 23:30
Profit/SL need to booked at next morning.
Release Notes:
This Script will generate BUY and SELL Signals at 23:15 hours on a 5 Minute CandleStick Chart.
SL : VWAP Line
Exit time : Early Morning between 09:00 to 09:15 IST
Green Arrow Above 23:15 Candle : BUY TODAY SELL TOMRROW
RedArrow Below 23:15 Candle : SELL TODAY BUY TOMRROW
No Signal: No valid conditions met.
SL : VWAP Line
Exit time : Early Morning between 09:00 to 09:15 IST
Green Arrow Above 23:15 Candle : BUY TODAY SELL TOMRROW
RedArrow Below 23:15 Candle : SELL TODAY BUY TOMRROW
No Signal: No valid conditions met.