Vulture

Vulture is a cunning and contrarian strategy of Auric and cannot be caught by manual scanning. This algo uses the idea that during reversal of ongoing trends early signs can be observed in indicators.

The algo uses inputs from the MACD as well to identify areas where the price does not agree with the MACD reading and divergence is underway. Not only does this algorithm signal the weakening of the ongoing trend but also helps to capture trades at nascent levels.

These signals have stop losses at areas where a reversal would be considered invalid and based on entry prices, targets are calculated based on at atleast 1:2 risk reward ratio.

We recommend a holding period of 7 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 7 days if neither stop loss nor target is hit.