Following is the draft:
Leave first 3 bars i.e. 45 mins after market open.
on 4th bar - calculate Gann and place order based on the trend. It means, if buy signal is far beyond current price then leave it and opposite for sell signal.
Wait to complete 5 bars after placing order.
As it is 15mins candles and script is low price, the targets are very small - Rs. 0.85 (use trailing for more)
Stop loss - Rs.1.50
Even after 5th bar trend seems opposite on 6th bar (appr. 1hr 20mins) - CUT if executed (even before SL hit) - CANCEL if not executed
using 3rd Bar closing price
16-10-12 - 92.25 - Executed - SL 91.15 - Cut @ 93 on 6th bar of after execution - Target not achieved - but price touched above target on the day.
15-10-12 - 93.95 - Excuted - SL 94.15 - Target @ 7th bar (as aft 5 bars trend seems downwards thus wait for some more time instead of cut @ 5th bar - will wait for another 2 or 3 bars)
12-10-12 - 91.8 - Excuted - SL 91.15 - Target 93.45 @ 2nd bar
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