How to use breakout calculator
1. Enter previous day high and low.
2. Enter todays high and low (between 9:20 am - 2:00pm)
3. Set ur profit and stoploss % ( ideally u should keep 0.7 as profit and 0.8 as stoploss )
4. See the recommendations. You see recommendation only when u click on calculate button.
How to trade in buy side
5. Place a stoploss buy order at the price mentioned in the recommendation.
6. Place a sell order for the above buy order at the price mentioned as target in the recommendation.
7. If above stoploss buy order gets executed, place a stoploss sell order to protect from losses.
8. If the target sell order gets executed for above buy order, then cancel the stoploss sell order.
How to trade in sell side
9. Place a stoploss sell order at the price mentioned in the recommendation.
10. Place a buy order for the above sell order at the price mentioned as target in the recommendation.
11. If above stoploss sell order gets executed, place a stoploss buy order to protect from losses.
12. If the target buy order gets executed for the above sell order, then cancel the stoploss buy order.
13. Use this calculator only between 9:20 am - 2:00 pm for Indian Markets.
14. Use this calculator only between 20 min after market start till 1 hr before market closes for International Markets.
15. Dont keep profit and stoploss above 1% and below 0.5%.
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