On 30th Jan 2025, our algorithm took a trade on LaurusLabs.
Imagine waking up to the news: Trump administration resumes funding for the AIDS program. If you're an active trader, you might instantly think—how will this impact Laurus Labs?
But let’s be honest. If you’re not glued to market news 24/7 or if you're caught up in meetings, there’s no way you can react fast enough to take a trade. That’s where Algo Trading changes the game.
With the right automation in place, an algo can detect such news-based momentum and execute trades without emotions, delays, or second-guessing.
A Simple Yet Powerful Intraday Strategy
This strategy is based on a popular trading principle:
Amateurs open the market, Professionals close the market.
We wait for the Initial Balance (IB) formation—the price range set in the first hour of trading. If the stock breaks the IB high with strong volume, that’s our trade entry signal.
🔹 Entry: Breakout of IB High with strong volume
🔹 Stop Loss: Below IB High
🔹 Target Profit: 1.5 IB and next targets based on Market Profile and Order Flow levels
This setup ensures we ride professional momentum rather than reacting impulsively.
If you were trading Laurus Labs today, where would you set your Stop Loss & Target Profit? Drop your thoughts in the comments! Also comment if you need to know about Market Profile and Order Flow levels for this trade.
Disclaimer: This post is for educational purposes only. Always conduct thorough research before making trading decisions.