Public trading strategy
Accenture warns on tech spending — short Indian IT stocks
Created
Thesis
When the industry leader like Accenture warns that business is slowing, it usually means the whole sector is in for a rough patch. Indian IT companies do a lot of the same outsourced work, so a warning from Accenture is a direct red flag for their future profits. The selling pressure could continue as analysts lower their estimates.
Strategy approach
Build a mean-reversion or trend-following short strategy on the Indian tech sector using INFY and WIT on the daily timeframe. Enter short if the stock closes below its 20-day low. Set a 10-day hold period and a 5% stop loss.
Markets and timeframes
Entry and exit at a glance
These are the named rules in the shared configuration. Review the full conditions below before using a strategy.
- Entry: Donchian 20-Day Low Breakdown Short (INFY@1d) (1 condition)
- Entry: Donchian 20-Day Low Breakdown Short (WIT@1d) (1 condition)
- Exit: Stop Loss at 5.0% Adverse Move (1 condition)
- Exit: Time Stop: Close After 10 Bars (1 condition)
Shared strategy rules
Rule configuration
{
"data_dependencies": [
{
"symbol": "STOCK:INFY",
"timeframe": "1d"
},
{
"symbol": "STOCK:WIT",
"timeframe": "1d"
}
],
"entry_rules": [
{
"conditions": [
{
"left": {
"field": "close",
"type": "price"
},
"operator": "crossed_below",
"right": {
"chart_ref": {
"symbol": "STOCK:INFY",
"timeframe": "1d"
},
"field": "lower",
"indicator": {
"name": "donchian",
"period": 20
},
"type": "indicator"
}
}
],
"direction": "short",
"enabled": true,
"id": "entry_1_infy",
"name": "Donchian 20-Day Low Breakdown Short (INFY@1d)",
"priority": 1,
"trade_symbol": "STOCK:INFY"
},
{
"conditions": [
{
"left": {
"field": "close",
"type": "price"
},
"operator": "crossed_below",
"right": {
"chart_ref": {
"symbol": "STOCK:WIT",
"timeframe": "1d"
},
"field": "lower",
"indicator": {
"name": "donchian",
"period": 20
},
"type": "indicator"
}
}
],
"direction": "short",
"enabled": true,
"id": "entry_1_wit",
"name": "Donchian 20-Day Low Breakdown Short (WIT@1d)",
"priority": 2,
"trade_symbol": "STOCK:WIT"
}
],
"exit_rules": [
{
"applies_to": "both",
"conditions": [
{
"left": {
"field": "unrealized_pnl_percent",
"type": "position"
},
"operator": "greater_than_or_equal",
"right": {
"type": "constant",
"value": 5
}
}
],
"enabled": true,
"id": "exit_1",
"name": "Stop Loss at 5.0% Adverse Move",
"priority": 1,
"purpose": "stop_loss"
},
{
"applies_to": "both",
"conditions": [
{
"left": {
"field": "holding_period_bars",
"type": "position"
},
"operator": "greater_than_or_equal",
"right": {
"type": "constant",
"value": 10
}
}
],
"enabled": true,
"id": "exit_2",
"name": "Time Stop: Close After 10 Bars",
"priority": 2,
"purpose": "signal"
}
],
"position_sizing": {
"max_position_percent": 25,
"method": {
"risk_percent": 2.5,
"stop_loss_percent": 5,
"type": "fixed_risk"
},
"min_position_value": 100
},
"trigger_timeframe": "1d",
"version": 2
}Indicator configuration
{
"indicators": [
{
"name": "donchian",
"period": 20
},
{
"name": "adx",
"period": 14
},
{
"name": "rsi",
"period": 14
},
{
"name": "donchian",
"period": 20
},
{
"name": "adx",
"period": 14
},
{
"name": "rsi",
"period": 14
}
]
}Parsed strategy
{
"data_dependencies": [
{
"symbol": "STOCK:INFY",
"timeframe": "1d"
},
{
"symbol": "STOCK:WIT",
"timeframe": "1d"
}
],
"entry_rules": [
{
"conditions": [
{
"left": {
"field": "close",
"type": "price"
},
"operator": "crossed_below",
"right": {
"chart_ref": {
"symbol": "STOCK:INFY",
"timeframe": "1d"
},
"field": "lower",
"indicator": {
"name": "donchian",
"period": 20
},
"type": "indicator"
}
}
],
"direction": "short",
"enabled": true,
"id": "entry_1_infy",
"name": "Donchian 20-Day Low Breakdown Short (INFY@1d)",
"priority": 1,
"trade_symbol": "STOCK:INFY"
},
{
"conditions": [
{
"left": {
"field": "close",
"type": "price"
},
"operator": "crossed_below",
"right": {
"chart_ref": {
"symbol": "STOCK:WIT",
"timeframe": "1d"
},
"field": "lower",
"indicator": {
"name": "donchian",
"period": 20
},
"type": "indicator"
}
}
],
"direction": "short",
"enabled": true,
"id": "entry_1_wit",
"name": "Donchian 20-Day Low Breakdown Short (WIT@1d)",
"priority": 2,
"trade_symbol": "STOCK:WIT"
}
],
"exit_rules": [
{
"applies_to": "both",
"conditions": [
{
"left": {
"field": "unrealized_pnl_percent",
"type": "position"
},
"operator": "greater_than_or_equal",
"right": {
"type": "constant",
"value": 5
}
}
],
"enabled": true,
"id": "exit_1",
"name": "Stop Loss at 5.0% Adverse Move",
"priority": 1,
"purpose": "stop_loss"
},
{
"applies_to": "both",
"conditions": [
{
"left": {
"field": "holding_period_bars",
"type": "position"
},
"operator": "greater_than_or_equal",
"right": {
"type": "constant",
"value": 10
}
}
],
"enabled": true,
"id": "exit_2",
"name": "Time Stop: Close After 10 Bars",
"priority": 2,
"purpose": "signal"
}
],
"position_sizing": {
"max_position_percent": 25,
"method": {
"risk_percent": 2.5,
"stop_loss_percent": 5,
"type": "fixed_risk"
},
"min_position_value": 100
},
"trigger_timeframe": "1d",
"version": 2
}Strategy instructions
Trading agent generated from recommendation idea 'Accenture warns on tech spending — short Indian IT stocks'. Thesis: When the industry leader like Accenture warns that business is slowing, it usually means the whole sector is in for a rough patch. Indian IT companies do a lot of the same outsourced work, so a warning from Accenture is a direct red flag for their future profits. The selling pressure could continue as analysts lower their estimates.
Performance
No trade count, win rate, or realized P&L figures are provided in this public preview. The thesis and shared rules do not establish a performance record.
What this public preview can establish
- The thesis and strategy approach describe a market view. They do not show whether an entry or exit condition is currently met.
- Technical strategy fields are shared above. Inspect the actual conditions and check when they were evaluated before relying on them.
- No trade count, win rate, or P&L figure is published in this preview. It cannot establish a performance record.
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