Aim is to Share Experience and lessons in Auto Trade System with intention to improve and invite Suggestions.

LESSON 1
a. Use Tick Time Frame as it removes possibilities of reprinting thereby giving absolute values for system to take decision.
b. Renko Charts may suit the system better.
c. Backtesting may not be possible as there is no Tick Timeframe available and Tick data is only available for last 6 days.
d. Backtesting on 1 min timeframe is not same as or close to Tick timeframe testing.
e. Intraday trading may be done free of emotions using auto trade.
f. System building using Basic patterns and indicators can work beautiful well.
g. Futures give better results than options. Stocks not tried yet.

Lesson 2

a. We can use Two separate Ultra scanner one each for Long and Short Trades ( for Fut) linked to same auto scanner
b. Both Ultra scanner should have separate Strategy Id.
c. Auto trade engine can have two separate strategy id on same Group.
d. If want to experience trade triggering without actually taking trade then keep position size high in auto trade engine so that trade is triggered and logged with buzzer but is rejected.
e. If trade is triggered automatically and one wants to book profit before exit is triggered then it can be done manually. But then remember to clear trade logs in auto trade engine otherwise it will keep showing open position and fresh position
will not be taken if triggered.

LESSON 3

a. There are instances of multiple trades getting initiated due to some bugs rt now. It has been shared with definedge with logs to examine. Meanwhile be alert when the brick is forming near some indicator that you have chosen. If price sticks around that Indicator then I have experienced multiple trades getting triggered in fraction of time.

b. Build a system in system builder to avoid multiple trades as cost of Taxes and Charges are really high. Or use a bit higher qty to optimize on charges. Definedge though settles brokerage with the wallet but that facility can be enjoyed till you have points in wallet.

c. Keep booking profits in Intraday trades. Preferable to trade in multiple of two lots and book one at 1R as advised by AP Sir and trail the balance.

d. If trading Nifty Fut then I have observed that it can give you 10 to 20 points in a move after entry. So booking some at 10 to 20 points gain may be useful.

e. Camarilla levels ( which can also be applied on Renko) are a great help to determine the target.

f. Intra VWAP is not plotting on Renko.

Testing Renko based on Nifty Fut..... Long entry - one back , two back, swing and zig zag brk out above VWAP of different periods...... exit on crossing below VWAP....... Short entry is opposite of this

and using Camarilla levels for booking profits on a trendy move

I am testing on .02 percent and tick time period

Thank You Mr Prashant for kind words.....
I will keep posting whatever I experience with an aim to help your team make auto trading in definedge productive and efficient. I believe that objective nature of P&F and Renko charts can be a game changer in auto trading.

The issue in lesson 3 of multiple trades have been resolved by adding one more condition in exit criteria... Thanks to Mr Prashant.