logo
TradeSearcher

Nifty 50 5mint Strategy

Script from: TradingView

Intraday

Breakout

Volume

Volatility

Employing the Nifty 50 5mint Strategy, traders set sessions for active trading within specified times and days. A lookback mechanism defines breakout levels using highest highs and lowest lows along with optional Bollinger Bands and Dema-VWAP conditions. Trades are executed during the bespoke session when predefined conditions align. A flexible trailing stop loss strategy is implemented, either as fixed points or dynamic trail based on market movement, with visual cues provided through color-coded chart backgrounds.

IOTA / TetherUS (IOTAUSDT)

+ Nifty 50 5mint Strategy

@ 4 h

2.82

Risk Reward

17.45 %

Total ROI

21

Total Trades

AVAX / TetherUS (AVAXUSDT)

+ Nifty 50 5mint Strategy

@ 4 h

2.81

Risk Reward

20.65 %

Total ROI

23

Total Trades

FIL / TetherUS (FILUSDT)

+ Nifty 50 5mint Strategy

@ 4 h

2.49

Risk Reward

13.39 %

Total ROI

19

Total Trades

OP / US Dollar (OPUSD)

+ Nifty 50 5mint Strategy

@ 4 h

2.48

Risk Reward

32.38 %

Total ROI

18

Total Trades

OM / TetherUS (OMUSDT)

+ Nifty 50 5mint Strategy

@ 4 h

2.44

Risk Reward

16.14 %

Total ROI

16

Total Trades

Premium users only

Premium users can access all backtests with a Risk/Reward Ratio > 3

@ 2 h

11.27

Risk Reward

8.47 %

Total ROI

16

Total Trades

Premium users only

Premium users can access all backtests with a Risk/Reward Ratio > 3

@ 2 h

10.90

Risk Reward

17.01 %

Total ROI

17

Total Trades

Lucid Group, Inc. (LCID)

+ Nifty 50 5mint Strategy

@ 1 h

2.89

Risk Reward

42.00 %

Total ROI

26

Total Trades

Visa Inc. (V)

+ Nifty 50 5mint Strategy

@ 1 h

2.87

Risk Reward

32.04 %

Total ROI

54

Total Trades

Kinder Morgan, Inc. (KMI)

+ Nifty 50 5mint Strategy

@ 1 h

2.62

Risk Reward

10.51 %

Total ROI

31

Total Trades

Paramount Global (PARA)

+ Nifty 50 5mint Strategy

@ 5 min

2.60

Risk Reward

6.48 %

Total ROI

18

Total Trades

JetBlue Airways Corporation (JBLU)

+ Nifty 50 5mint Strategy

@ 2 h

2.47

Risk Reward

9.52 %

Total ROI

17

Total Trades
Create your account for free to see all 103+ backtests

Access filters, details, best timeframes, explore 100K+ backtests and more

Active Trades

Create your account  to see on which symbols Nifty 50 5mint Strategy is currently trading on.

Popular TradingView Strategies

Find the best trading strategy for your trading styte

Guide

How does the Nifty 50 5mint Strategy strategy work ?

The Nifty 50 5mint Strategy is a customizable breakout trading strategy implemented on TradingView. At its core, it operates within a defined trading session, filtering trades by specific days and times as set by the user (e.g., Monday to Friday, 10:00 to 15:10).

  • The strategy uses a lookback period and identifies the highest high and lowest low values within this period to determine potential breakout points. Users can adjust this lookback period, defaulting to 10 periods.
  • Integration of Bollinger Bands (BB) and the option of including or excluding BB crossovers conditions helps in gauging volatility and breakout confirmation.
  • Additional conditions such as Dema (Double Exponential Moving Average) and VWAP (Volume Weighted Average Price) crossovers can be activated or deactivated based on user preference.
  • Buy conditions are triggered when the closing price surpasses the highest high of the lookback period, provided that the script identifies Bollinger Band crossovers, Dema-VWAP crossovers, and that these signals occur within the defined trading session.
  • Sell conditions are signalled when the closing price is below the lookback period's lowest low, alongside satisfying the BB, Dema-VWAP, and session conditions.
  • The strategy also offers a Trailing Stop Loss (TSL), with options for a fixed stop loss or a dynamic trailing stop based on a trail factor related to the lookback period. The type of stop loss applied can be determined by the user.

To aid visual understanding, the script is designed to change the background color on the chart to green for buy signals and red for sell signals once the strategy

How to use the Nifty 50 5mint Strategy strategy ?

This trading strategy is a technical breakout method that focuses on entering trades during a specific session time and when the price breaks beyond the highest or lowest price of a defined lookback period. It includes filters using Bollinger Bands and a DEMA-VWAP crossover, incorporating both a fixed stop-loss and a trailing stop-loss for risk management.

To trade this strategy manually on TradingView:

  • Set the chart to the desired timeframe and select 'Bollinger Bands' and 'VWAP' from the indicators tab.
  • Customize the Bollinger Bands with a period of 20 and choose the type of moving average (SMA by default) and a standard deviation multiplier of 2.0.
  • Identify the highest and lowest price over the past 5 days (lookback period).
  • Check for a crossover between DEMA (6-period) and the VWAP, plotting both on your chart.
  • Enter a long position when the price crosses above the highest price of the lookback period, the DEMA is above the VWAP and price closes above the upper Bollinger Band.
  • Enter a short position when the price crosses below the lowest price of the lookback period, the DEMA is below the VWAP and price closes below the lower Bollinger Band.
  • Implement a fixed stop-loss at 25 points from the entry price or a trailing stop-loss that follows the highest high or lowest low of the last 10 bars.
  • Restrict trading to your selected session time and defined date range, ensuring no trades are entered outside these parameters.

How to optimize the Nifty 50 5mint Strategy trading strategy ?

Improving the TradingView breakout strategy with manual trading can be approached through several adjustments and additional considerations:

  • Enhance Entry Accuracy: Instead of relying solely on crossover points from indicators, apply price action techniques such as support and resistance levels, candlestick patterns near breakout points, or consolidation zones for more precise entries.
  • Adjust Lookback Period: Experiment with the lookback period by backtesting different time frames to optimize for current market volatility and to avoid false breakouts. Historical volatility indicators can provide insights for the ideal lookback window.
  • Filter with Volume: Confirm breakouts with volume analysis. An increase in trading volume during a breakout suggests a stronger move, hence reducing the likelihood of false signals. On-balance volume (OBV) or volume-weighted average price (VWAP) can serve as confirmation tools.
  • Refine Stop Loss: Evaluate the placement of fixed stop-losses relative to volatility. Use Average True Range (ATR) to set stops at a multiple of the ATR, allowing breathing room for the trade based on current volatility.
  • Employ Partial Profits: Take partial profits at predefined price targets and let the remaining position run with a trailing stop, to balance between capitalizing on successful trades and letting winners run.
  • Session-Specific Tweaks: Since the strategy operates during specific sessions, review performance across different sessions and exclude those with lower profitability. Market hours that overlap exchanges may provide higher liquidity and stronger moves.
  • Incorporate Sentiment Analysis: Keep abreast of scheduled economic releases or news events that can cause sudden price movements, leading to potentially advantageous breakouts or increased risk of whipsaws.
  • Adaptive Position Sizing: Scale position sizes based on the confidence level of the signal. Higher confidence signals (determined by convergence between multiple indicators or strong price action confirmation) can warrant larger position sizes.
  • Use a Trading Journal: Maintain detailed records of all trades, including the rationales for entry and exit and emotional state, to analyze strategy effectiveness and emotional discipline.
  • Routine Strategy Review: Regularly review the strategy's performance against market conditions to tune the parameters as necessary and discard redundant or ineffective parts of the strategy.

For which kind of traders is the Nifty 50 5mint Strategy strategy suitable ?

The described trading strategy is well-suited for intra-day traders who prefer a systematic approach with focus on technical analysis. It aligns with a breakout trading style, targeting quick and decisive moves following specific technical cues. Traders who thrive on high frequency and fast-paced trading environments would find this strategy compelling due to its session-specific nature, allowing full utilization of market hours that often experience heightened liquidity and volatility. Its reliance on custom lookback periods and indicator crossovers suggests that this method is tailored for traders comfortable with optimizing and adjusting technical parameters. Those with a keen eye for risk management would appreciate the inclusion of both fixed and adaptive stop-loss mechanisms. Overall, this strategy caters to those who are meticulous in defining their trading sessions and seek a methodical and active trading schedule.

Key Takeaways of Nifty 50 5mint Strategy

  • Strategy Mechanics: Operates within set trading hours using breakout points based on the highest high and lowest low within a user-defined lookback period.
  • Technical Indicators: Utilizes Bollinger Bands, Dema, and VWAP for trade confirmation.
  • Preferred Users: Ideal for intra-day traders who are skilled in technical analysis and rapid decision-making.
  • Trading Style: Optimized for breakout trading, capturing swift price movements during high-liquidity sessions.
  • Usage Flexibility: Can be automated, but incorporation of manual trading or alert systems recommended for increased precision.
  • Enhancement Methods: Improve entry accuracy with price action, refine parameters through backtesting, and use volume as a breakout confirmation.
  • Risk Management: Adapts fixed and trailing stop-loss mechanisms to mitigate risks. ATR can assist in setting more responsive stops.
  • Position Sizing: Scale positions based on signal strength and potential volatility.
  • Strategy Refinement: Regular performance reviews and trading journal maintenance for continuous improvement.
Explore the best Trading & TradingView strategies

Stop trading blindly. Explore the best strategies among 100K+ backtests and improve your trading skills with data.


logo

Loved by more than 3200+ traders

Explore

Crypto

Forex

Bitcoin

AI Strategies

Day Trading

Swing Trading

Trading is a risky activity and the majority of traders lose money. This website and the products and services offered by TradeSearcher are for informational & educational purposes only. TradeSearcher does not guarantee the accuracy, relevance, timeliness, or completeness of any information on its website.

All Trading Strategies displayed on this website are simulated backtests and does not represent actual trading results. Past backtests results do not predict or guarantee future performance.

TradeSearcher uses public snapshot data sourced from third-party tools, including TradingView. While we strive to present accurate and timely information, TradeSearcher does not have control over these third-party tools and cannot verify, guarantee, or be held responsible for the accuracy or completeness of data sourced from them. Users acknowledge and agree that TradeSearcher is not affiliated with, endorsed by, or sponsored by TradingView or any other third-party data provider. Any reliance on data or tools sourced from third parties is at the user's own risk.

Backtests and Charts used on this site are by TradingView in which our backtests are built on. TradingView® is a registered trademark of TradingView, Inc. www.TradingView.com.

Users of TradeSearcher are responsible for conducting their own due diligence and making their own investment decisions. Before making any investment, it is recommended that users consult with a qualified professional to ensure that the strategy or investment is suitable for their individual circumstances.

TradeSearcher and its affiliates, employees, agents, and licensors will not be held liable for any decisions made based on the information provided on the website or any damages or losses that may arise directly or indirectly from the use of the website or the information contained therein.

This does not represent our full Disclaimer. Please read our Full Disclaimer before using this site.

© 2023 TradeSearcher. All rights reserved.