The strategy works on Gap up and Gap down scripts

Entry logic : If a script has a Gap up or gap down where Today's open is either greater than previous day high or lesser than previous day Low we take those stocks in our radar.

Buy Entry : Stocks which fall under the above mentioned Entry logic should have 

Open = Low in first candle. We will buy once the high of the first candle breaks.

Short Entry : Stocks which fall under entry logic should have Open = High in first candle. We will short once the low of first candle is broken.

Target will be 2% from entry price and SL will be 1%

You can modify the target and SL and check the backtest results.

(Note : We have named this strategy as 1% per day, it does not guarantee consistent income daily. We have explained the logic of the strategy below. Please read it carefully. Algofox does not claim to Sell any profitable strategies)

Watch the detailed video here