Crane 2.0
Crane 2.0 is a variation of Crane. The difference comes in the filters applied rather than the idea of the algo. This strategy uses different filters which are more price sensitive in nature.
However, due to this alteration this strategy has higher return per trade, but fewer number of trades in comparison to Crane. We recommend that whenever a signal appears on Crane 2.0, one must make a killing out of it.
Just like Crane this strategy can also be used to accumulate existing stocks in the portfolio.
These signals have stop losses below pivot lows and based on entry prices, targets are calculated based on at atleast 1:2 risk reward ratio.
We recommend a holding period of 20 working days for this strategy.
How to trade?
1. Try getting an entry near the mentioned entry price.
2. Put in a strict stop loss.
3. Reduce your holding by 35-50% when target 1 is hit. Then trail the stop loss to entry price.
4. Exit the trade after 20 days if neither stop loss nor target is hit.
Last updated