## Comment on Managing your Script

commented on 05 May 2013, 04:31 PM

ok sir. i got mail. so i thought to where i have to send.
here is the formula sir

this formula is for intraday purpose and based on previous day close high and low and current day open
this is for nifty fut
this is normal buy when current day open is near to buy area +/- 10 points
buy =close – (0.275*(high-low))
tgt = close + (0.275*(high-low))

sl for this buy , sl sell = (close – (0.55*(high-low))) – 5 points
but if this sl hits means that is called sell breakout and then it will lead to
tgt1 =close – (0.786*(high-low))
tgt 2=close – (1.45*(high-low))

this sell breakout is sure trade on down side

for normal sell when current day open is near to sell area +/- 1- points

sell = close + (0.275*(high-low))
tgt = close – (0.275*(high-low))

sl for this sell is
buy = (close – (0.55*(high-low))) + 5points

if this sl hits means that is called buy breakout and then it will lead to
tgt 1 = close + (0.7773*(high-low))
tgt 2 =close + (1.41*(high-low))
and this buy breakout happends then it is sure trade in up side

please code it for me sir…….
thanking you
ramzamma