Automating Famous 5 EMA Strategy of Power of Stocks in Zerodha Streak
In this article, I will show you how you can automate the famous 5 EMA Strategy of Subasish Pani from Power of Stocks.
NOTE : This is an educational Post and Not a Financial Advice
Table of Contents
Brief About 5 EMA Strategy
5 EMA Strategy is fairly Simple. In this article we will only focus on PE Trades
So the first thing is we need 5 minute timeframe candlestick chart of Bank Nifty. Then you need to add 5 EMA Indicator on it.
if a candle is above 5 EMA line without touching ema, then that becomes our alert candle. If the next candle Breaks the low of alert candle then there we will take the trade of PE. If it does not break then this candle will now become our alert candle.
You can learn in depth about the strategy on Power Of Stocks Youtube Channel
Trade With Tech Youtube Video
Streak Strategy Link
For the Automated Streak Strategy . Please find the below link :
https://public.streak.tech/in/miZrRY7RlV
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How to use this link in my “Streak” account? Please help
Hi, I’ve gone through your strategy and found it very effective. Only thing I saw was when manually going through backtested data, I found many trades that hadn’t been in backtest the same day or other. Have you filtered the data that particularly? or its an issue from streak side?
I havent filtered anything specifically, so there can be cases like, I use strategy limit of 1 in usual cases, which means it will only take 1 trade per day with that strategy , sometimes the backtest data and the chart you see on tradingview or kite might be a little different, so thats an issue from Streak