Candlestick & P&F Bull Pull Scanner - query
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Dear @Vithal-Shinde,
Thank you for introducing the Candlestick & P&F Bull Pull Scanner during the Manthan Pro in May24. I have been tracking results on & off on a test portfolio, and the results are very good.
I am trying to implement the same on Futures. But I have following questions which I need help with.
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Are the scanner results of any one day valid for all future sessions till the bullish CR? Basically, for how many days do results remain valid for? Example the results that came on say, 1 July - can a trade be taken basis that scanner on 11 July if it takes that many days for CR to hit?
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Do the scanner results get invalidated in case of a DBS instead of a Bullish CR?
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Can we use a tighter SL in case of Futures, in case the DBS SL is not affordable? Which is based on Dsmart or value or % etc?
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OHLC ATR>5% breadth is a check to be used for long-only strategies - so if breadth is >15%, we do not do any fresh entries in long-only strategies. But do we also increase the SL in case of trades already entered into?
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If we run scanner on F&O stocks - and we get some results - can we go and enter the corresponding Future for the F&O Stock which gave the result?
Please do let me know.
Thank you
Siddharth -