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Re-Entry on Range Breakout

Re-Entry on Range Breakout.

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In this section we will learn about how the re-entry feature works if the Range Breakout feature is enabled.
AlgoTest provides you with many different options for re-entry. You can use them by selecting from the dropdown under Re-Entry on SL/Tgt as shown in the image below.

re-entry-on-range-breakout

RE-ASAP ( Immediate Re-Entry) with ORB Feature Enabled

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This option enables you to re-enter immediately after your stop-loss or target hit in a strike available at that time.
For example let's assume you have selected an ATM strike in your strategy for entry. After the SL/Target hits it will select a new ATM strike available at that time for entry.

You can select a maximum of 20 re-entries for SL and Target each on individual legs.

re-entry-on-range-breakout

re-entry-on-range-breakout

Example :- Assume you created a strategy
Underlying :- Nifty
ORB Range Timing :- 09:20 to 09:45 on instrument on high breakout
Strike :- ATM CE
Positon :- Buy
SL :- 30 Points
Re-ASAP = 1 (It means it will take max 1 entry on SL hit, you can enter max 20)

re-entry-on-range-breakout

Assume at 9:20 spot is at 18502 so ATM strike is 18500 . Now at 09:50 ORB range high breaches and it took entry at 200.
Your SL is at = 200 - 30 = 170 and at 09:55 it hits
At 09:55 spot 18560 so ATM is 18550

Now according to our RE-ASAP condition it will look for ATM strikes available at 09:55 and take entry immediately in a new ATM CE strike available at 09:55. So this time strike it will select for re-entry is 18550

RE-ASAP ( Immediate Re-Entry Reverse) with ORB Feature is Enabled

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This option enables you to re-enter immediately in the reverse position after your stop-loss or target hits in a new strike available at the time.
For example let's assume you have selected an ATM CE strike with Buy position in your strategy for entry. After the SL/Target hits it will select a new ATM strike available at that time and enter in the CE Sell position.

You can select a maximum of 20 re-entries for SL and Target each on individual legs.

re-entry-on-range-breakout

re-entry-on-range-breakout

Example :- Assume you created a strategy
Underlying :- Nifty
ORB Range Timing :- 09:20 to 09:45 on instrument on high breakout
Strike :- ATM CE
Positon :- Buy
SL :- 30 Points
Re-ASAP Reverse = 1 (It means it will take max 1 entry on SL hit, you can enter max 20)

re-entry-on-range-breakout

Assume at 9:20 spot is at 18502 so ATM strike is 18500 . Now at 09:50 ORB range high breaches and it took entry at 200.
Your SL is at = 200 - 30 = 170 and at 09:55 it hits
At 09:55 spot 18560 so ATM is 18550

Now according to our RE-ASAP Reverse condition it will look for ATM strikes available at 09:55 and take entry immediately in a new ATM CE strike available at 09:55, but in reverse position i.e. sell instead of buy position. So this time strike it will select for re-entry is 18550 and enter in CE Sell position(Reversing CE buy to CE sell).

RE-COST (Re-Entry At Cost) with ORB Feature is enabled

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This option enables you to re-enter in the original leg at initial entry price.

For example let's assume you have selected ATM CE strike with Buy position in strategy. Now if your SL/Target hits, it will select the same strike for re-entry and wait for the price to come back to the initial entry price. If it comes back then it will take an entry.

re-entry-on-range-breakout

re-entry-on-range-breakout

Example :- Assume you created a strategy
Underlying :- Nifty
Entry :- 09:20 to 09:45 on instrument on high breakout
Strike :- ATM CE
Positon :- Buy
SL :- 30 Points
Re-Cost = 1 (It means it will take max 1 entry on SL hit, you can enter max 20)

re-entry-on-range-breakout

Assume at 9:20 spot is at 18502 so ATM strike is 18500 and your ORB Range high breaches at 09:50 and it took entry at 200.
Your SL is at = 200 - 30 = 170 and at 09:55 it hits
Now it will select the same 18500 CE strike for re-entry and will wait if the price comes back to 200. If it comes at 200, it will take an entry at 200.

RE-COST (Re-Entry At Cost Reverse) When ORB Feature is Enabled

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This option enables you to re-enter in the original leg at initial entry price in reverse position.

For example let's assume you have selected an ATM CE strike with Buy position in strategy. Now if your SL/Target hit, it will select the same strike in Sell position for re-entry and wait for the price to come back to the initial entry price. If it comes back, it will take an entry in the ATM CE Sell position at the initial entry price.

re-entry-on-range-breakout

re-entry-on-range-breakout

Example :-_ Assume you created a strategy
Underlying :- Nifty
Entry :- 09:20 to 09:45 on instrument on high breakout
Strike :- ATM CE
Positon :- Buy
SL :- 30 Points
Re-Cost Reverse = 1 (It means it will take max 1 entry on SL hit, you can enter max 20)_

re-entry-on-range-breakout

Assume at 9:20 spot is at 18502 so ATM strike is 18500 and your ORB Range high breaches at 09:50 and it took entry at 200.

Your SL is at = 200 - 30 = 170 and at 09:55 it hits Now it will select the same 18500 CE strike for re-entry and will wait if the price comes back to 200. If it comes at 200, it will take entry at 200 and reverse the CE Buy Position to CE Sell.

So it will take re entry in 18500 CE Sell position at 200.

RE-MOMENTUM (Re-Entry On Momentum) With ORB Feature is Enabled

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This option enables you to select a new ORB Range after your SL/Target hits and take entry if new range breaks.

For example let's assume your ORB Range is 09:20 to 10:20 (1 hour range) and your SL/Target hits at 10:45. So it will select a new range from 10:45 to 11:45 (1 hour range) and take entry if it breaks.

re-entry-on-range-breakout

re-entry-on-range-breakout

Example :- Assume you created a strategy
Underlying :- Nifty
Entry :- 09:20 to 10:20 ORB Range on Instrument on High Breakout
Strike :- ATM CE
Positon :- Buy
SL :- 30 Points
Re-Momentum = 1 (It means it will take max 1 entry on SL hit, you can enter max 20)

re-entry-on-range-breakout

Assume at 9:20(entry time) spot is at 18502 so ATM strike is 18500 and it took entry at 10:30 at 200 (when our 1 hour ORB range 09:20 to 10:20 breakout happen) Your SL is at = 200 - 30 = 170 and at 10:55 it hits. Now according to our momentum re entry condition it will select a new range from 10:55 to 11:55 (1 hour range) and will take entry when its high breaches.

RE-MOMENTUM (Re-Entry Reverse On Momentum)

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This option enables you to select a new ORB Range after SL/Target hits and take entry in a reverse position of your initial position if new range breaks.

For example let's assume your ORB Range is 09:20 to 10:20 (1 hour range) and you have defined CE Buy position if range high breaks for entry and Your SL/Target hits at 10:45. So it will select a new range from 10:45 to 11:45 (1 hour range) and take entry if it breaks into a reverse position i.e. CE Sell position.

re-entry-on-range-breakout

re-entry-on-range-breakout

Example :- Assume you created a strategy
Underlying :- Nifty
Entry :- 09:20 to 10:20 ORB Range on Instrument on High Breakout
Strike :- ATM CE
Positon :- Buy
Simple Momentum :- 20 (Need to be enabled for momentum re-entry)
SL :- 30 Points
Re-Momentum-Reverse = 1 (It means it will take max 1 entry on SL hit, you can enter max 20)

re-entry-on-range-breakout

Assume at 9:20(entry time) spot is at 18502 so ATM strike is 18500 and it took entry at 10:30 at 200 (when our 1 hour ORB range 09:20 to 10:20 breakout happen) Your SL is at = 200 - 30 = 170 and at 10:55 it hits. Now according to our momentum re entry reverse condition it will select a new range from 10:55 to 11:55 (1 hour range) and will take entry in a reverse position i.e. ATM CE Sell position instead of ATM CE Buy when ORB Range high breaches.