Intraday for Options By TradeEarn

Intraday for Options By TradeEarn

**High-Probability Scalping Strategy with Leading Indicators & Automation Support**

This strategy is designed for **Intraday Nifty & BankNifty Futures** trading. Unlike traditional strategies that rely on lagging indicators (like Supertrend or Moving Averages), this script uses **Leading Indicators** and **Price Action** to detect momentum bursts *before* they happen.

It is fully optimized for **Options Buying** automation via the **Stoxxo/Algobaba Bridge**.

### 🚀 Key Features

**1. Leading Signal Logic (No Lag)**
* **RSI Momentum:** Filters for strong bullish (>55) or bearish (<45) momentum shifts.
* **Impulse Price Action:** Detects "Smart Money" entries by analyzing candle body size relative to the recent average.
* **ADX Filter:** Built-in "Chop Filter". The strategy will **refuse to trade** in sideways markets (when ADX < 20), protecting your capital from fakeouts.

**2. Smart Risk Management (Rupee-Based)**
* **Auto-Calculation:** You input your Target and Stop Loss in **Rupees (₹)** (e.g., ₹1000 Profit, ₹500 Loss). The script automatically calculates the required Index Points and Ticks based on your Lot Size.
* **Trailing Stop Loss:** Features an intelligent trailing mechanism. (Default: For every ₹25 gain, the SL trails by ₹10) to lock in profits during big trends.

**3. Anti-Overtrading Mechanism (Cooldown)**
* To prevent "revenge trading" or getting caught in volatility, the strategy includes a **Cooldown Period**. After any trade exit, it waits for **5 Candles** (adjustable) before scanning for new signals.

**4. Automation Ready**
* Pre-configured with `MULTILEG` alert strings for **Stoxxo/Algobaba**.
* Sends "LongCall" and "LongPut" tags, allowing your bridge to automatically select the Best Strike (ATM/ITM).

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### ⚙️ How to Use

1. **Chart:** Use **NIFTY FUTURES** (e.g., `NIFTY1!`) or **BANKNIFTY FUTURES**. (Do not use Spot charts as they lack volume data).
2. **Timeframe:** Optimized for **3 Minutes** or **5 Minutes**.
3. **Inputs:**
* **Target (₹):** Desired profit per lot.
* **Stop Loss (₹):** Max risk per lot.
* **Cooldown:** Number of candles to wait after a trade (Default: 5).
* **Volume Filter:** Uncheck if your data provider does not show Volume on the chart.

**Disclaimer:** This strategy is for educational purposes. Please backtest with your own risk parameters before real trading.