Hello Team,
I'm having hard time creating a system & use it in momentify to automate the portfolio. Someone please guide me to build the below strategy I'm planning to setup.
Group: Nifty Total Market
Stock selection filter:
Stock should have listed for a minimum period of 3 years on exchange.
Stock marketcap should be a minimum of 5000 crores.
Entry:
I want to enter stocks where it had broken ATH.
Specific criteria: I want to make sure that the Daily candle close is above ATH. Then entry would be on any of the following days with the entry price as 2% above the close of the identified daily candle earlier.
Exit: whenever a Daily candle closes below 20 SMA.
Stoploss: 20% below entry initially, then trail using 20 SMA.
I'm looking for atleast a few filters to achive the above if not completely automate.
Any advise/help is appreciated.
Thank you.