Hello Team,
I am Chavda Pratap, Upstox AP.
I want to create a Supertrend indicator based algo strategy in Algoverse for Upstox.
Please create two separate algos — one for Buy side and one for Sell side in Algoverse (Upstox).
I will manually activate the required algo based on my price action setup.
When Buy setup forms, I will start Buy algo manually.
When Sell setup forms, I will start Sell algo manually.
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STRATEGY DETAILS
Underlying: Nifty 50 Futures
Timeframe: 5 Minute
Indicator: Supertrend
Supertrend Setting: 7,3
Trading Type: Intraday Only
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- BUY SIDE SUPER TREND ALGO
Condition:
Entry should happen only after the Supertrend signal candle HIGH is broken.
Signal candle high breakout is compulsory for entry.
If high is not broken, no entry should be taken.
Entry:
Nifty Futures Running Month Contract
Stop Loss:
50 Points
Target:
100 Points
Exit Rule:
Exit position at 3:15 PM regardless of profit or loss.
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- SELL SIDE SUPER TREND ALGO
Condition:
Entry should happen only after the Supertrend signal candle LOW is broken.
Signal candle low breakdown is compulsory for entry.
If low is not broken, no entry should be taken.
Entry:
Nifty Futures Running Month Contract
Stop Loss:
50 Points
Target:
100 Points
Exit Rule:
Exit position at 3:15 PM regardless of profit or loss.
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Requirement:
Both Buy and Sell must be created as two separate algos in Algoverse for Upstox.
I will manually start the respective algo based on my price action setup.
Also, please send me the complete algo setup step-by-step after creation, or provide proper guidance with screenshots so that I can understand and manage the algo correctly.
Thank you.
Chavda Pratap
Upstox AP
hoga tab entry lena he
hoga tab entry lena he