// PRODUCT

5 EMA Strategy Automation (Power of Stocks)

MyAlgoMate's 5 EMA tool automates, for intraday traders, the publicly known 5 EMA method explained by Subasish Pani (Power of Stocks). It checks for the signal at every candle close in your time window and places orders with the exits and limits you set. It runs on your own Windows PC or your own cloud server.

MyAlgoMate is not affiliated with or endorsed by Power of Stocks. This page describes the automation tool only.

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What is 5 EMA Strategy - Power of Stocks?

The 5 EMA strategy is a publicly known intraday method built on a 5-period exponential moving average, explained by Subasish Pani (Power of Stocks). MyAlgoMate's 5 EMA tool automates it for equity, futures and index options: it checks for the signal at every candle close inside your time window and places the orders with the exits and risk limits you set. It works with Alice Blue, Angel One, Finvasia, IIFL, Zerodha and Fyers and costs from ₹1,250 a month per trading account on the annual plan (+ GST). No preset settings or backtest data are provided — you choose every parameter. MyAlgoMate provides technology only, not investment advice.

Key facts

MyAlgoMate automates the rules you set; it does not provide settings, backtests or results.

Price: From ₹1,250 a month per trading account on the annual plan (+ GST)
Brokers: Alice Blue, Angel One, Finvasia, IIFL, Zerodha and Fyers
Instruments: Equity, equity futures, index futures and index options (Finnifty excluded)
Style: Intraday
Signal check: At every candle close, between the start and stop times you set
Risk controls: Max Profit and Max Loss, global and per symbol, plus lock and trail profit
Paper trading: Yes — Paper Trade or Live Trade mode
Runs on: Your own Windows or Mac computer, or your own cloud machine
Broker API: Your broker's API with historical data; any API fee is billed by the broker
Settings: All yours to choose — no preset settings or backtest data

Last updated: 15 November 2026

// PRICING

Plans

Pay for the tools you use. All prices in INR, exclusive of GST.

Best value

Annual

₹1,250/mo

billed ₹14,999 /yrSave 34%

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Prices in INR, ex-GST

Quarterly

₹1,566/mo

billed ₹4,699 /quarterSave 18%

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Prices in INR, ex-GST

Monthly

₹1,899/mo

billed monthly

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Prices in INR, ex-GST

Price is per client ID — one subscription is needed for each trading account (client ID).

// BROKERS

Works with 6 brokers

Search for yours — connecting takes minutes, not a development project.

6 brokers

View all 6 supported brokers →

// HIGHLIGHTS

Features at a glance

The capabilities that matter most — the rest is configurable in detail below.

Automated 5 EMA strategy

Subasish Pani's 5 EMA (Power of Stocks), fully automated for equity, futures and options.

Live signal window

See live signals with entry, target and stop values as they fire.

Order & position books

Track every order and live MTM in dedicated books.

Fully configurable

Times, timeframe, max trades, order and product type and more.

Built-in risk controls

Global max-profit/loss and profit-protection rules.

Multi-symbol, no limit

Run any number of equity, futures or options symbols.

Paper or live mode

Test in paper trade before going live; save and reuse configs.

// DEMO

See it in action

Watch it set up and run — start to finish.

Video: 5 EMA strategy — demonstration — 5 EMA strategy — demonstration

// SET UP

How to automate the 5 EMA strategy

Connect your broker account through its official API. The API needs historical data; any API charges are your broker's.
Add the symbols you want scanned: equity, equity futures, index futures or index options. There is no limit on how many.
Set the timing: a start time, a stop-entry time and an exit time, plus the EMA period and the time frame. At every candle close between the start and stop-entry times the tool checks for a signal, and at the exit time it closes all positions.
Choose buy-side signals, sell-side signals or both, how an option contract is picked (ATM points or closest premium) and the quantity (by quantity or lots, by capital or by risk per trade).
Set your exits and risk limits: stop loss, target, EMA touch or EMA close exits, Max Profit and Max Loss, and Protect Profit or trailing.
Start in Paper Trade mode, then switch to Live Trade when you are ready. It runs on your own Windows or Mac computer, or your own cloud machine.

// EVERY SETTING

Every setting, explained

Every feature, explained at a functional level — pick any one to read how it works in the panel below.

Execution Details

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We, Myalgomate Technologies LLP, are a technology provider platform and do not act/intend to act as a wealth manager/ advisor in any capacity.
This tool is an automated version of the strategy available in the public domain. We neither endorse this strategy nor provide backtest data or any standard configuration. All the parameters are configurable and user needs to decide their own parameter to use the software.
The intention behind automating this strategy is to help those traders who are already trading on a similar strategy and want to automate it.

Join this telegram channel to get updates on this product: https://t.me/Myalgomate5EMA Or Search with the name “Myalgomate5EMA”

Demonstration Video: Instruments to trade:

Equity, Equity Futures, Index Futures, Index Options (Finnifty excluded)

Intraday or Positional:

Intraday

Different modes of trading:

Scan on Signal On	Trade On	Meaning
Equity	Equity	The signal is scanned on Equity and Trade is also taken on Equity
Equity	Future	The signal is scanned on Equity but trade is taken on its future contract
Index Spot	Index Futures	The signal is scanned on Index Spot but trade is taken on its Index Future contract
Index Futures	Index Futures	The signal is scanned on Index Future and trade is taken on its Index Future
Index Spot	Options (Buy/Sell Mode)	The signal is scanned on Index Spot and trade is taken on Index Options (Based on the options contract selection logic set by the user)
Index Futures	Options (Buy/Sell Mode)	The signal is scanned on Index Future and trade is taken on Index Options (Based on the options contract selection logic set by the user)
Options	Options	The signal is scanned on the options chart and trade is taken on the same options

Execution Details:

You can decide whether to take buy-side signals only, sell-side signals only, or both.
You can set the max no of trades per script and the total no of trades across all the symbols.
At every candle close, it will be checked for signal. The signal is scanned during the start time and stop time mentioned. At exit time, it will exit all positions.

Buy Side Trades:

Signal Candle: The high of the candle should not touch EMA. This candle will be called a Signal candle.
If the price goes above the high of the Signal Candle High, it will buy.
If you have enabled Triggered valid till the next candle, then the high of the signal candle should be broken in the next candle otherwise it will invalidate the trade.

Chart example of the 5 EMA buy-side entry rule and its trigger prices

Sell Side Trades:

Signal Candle: Low of the candle should not touch EMA. This candle will be called a signal candle.
If the price goes down below the signal candle low, then it will sell.
If you have enabled Triggered valid till the next candle, then the low of the signal candle should be broken in the next candle otherwise it will invalidate the trade.

Chart example of the 5 EMA sell-side entry rule and its trigger prices

Strike Configuration:

For strike configuration, there are two modes available:

Entry by ATM Points
Entry by Closest Premium

Entry by ATM Points:

Examples:

Underlying Price: 35125, CE ATM Points = 0, PE ATM Points = 0 ATM Strike = 35100 CE Strike selected = 35100 PE Strike selected = 35100
Underlying Price: 35125, CE ATM Points = 100, PE ATM Points = 100 ATM Strike = 35100 CE Strike selected = 35100 + 100 = 35200 PE Strike selected = 35100 – 100 = 35000 (positive points pick out-of-the-money strikes)
Underlying Price: 35125, CE ATM Points = -100, PE ATM Points = -100 ATM Strike = 35100 CE Strike selected = 35100 – 100 = 35000 PE Strike selected = 35100 + 100 = 35200 (negative points pick in-the-money strikes)

Entry by Closest Premium (CP):

Examples:

Closest Premium Price: 100, Type: “~” It will select the option contract nearest to the price of 100.
Closest Premium Price: 100, Type: “>=” It will select the option contract nearest and above the price of 100.
Closest Premium Price: 100, Type: “<=” It will select the option contract nearest and below the price of 100.

Quantity Configuration:

For Equity, you can set quantity based on the number of shares/ Capital per Trade/ Risk per Trade
For Futures & Options, it will be based on the no of lots.
Time-Based Exit
User exits positions from software
N Candles H/L from the signal:
- For example, if you have set the value = 3, then for a sell signal, it will set the SL to the highest of high of the last 3 candles including a signal candle. For the Buy signal, it will set the SL to the lowest low of the last 3 candles including the signal candle.
SL & Target based on %/Pts:
- You can enable SL/target based on the % or points of the entry price.
RR-Based Target
- For Sell side trade: If you have set the RR-based target = 2, entry price = 100, and SL price = 102, then the target will be 96. Opp. for the buy side.
Exit based on EMA Touch:
- For sell-side trade, when the price comes down and touches the EMA, it will exit the position. For buy-side trade, when the price goes up and touches the EMA, it will exit the position.

Chart example of the EMA touch exit: the position exits when a candle touches the 5 EMA

Exit based on Candle Close above / below EMA:
- For sell-side trade, when the price comes down and the candle closes below the EMA, it will exit the position. For buy-side trade, when the price goes up and closes above the EMA, it will exit the position.

Chart example of the EMA close exit: the position exits on a candle close above or below the 5 EMA

Stop Loss trailing

Trailing Logic:

We do not modify the SL price in the broker when trailing happens. It will store the trail SL price in the software and continuously monitor if the trailing SL is hit. Whenever trailing SL is hit, it will modify the SL order to market to exit.
Trailing will always happen in the direction of the trade.

Example :

Entry Type = Buy

For trailing, if LTP = 100, Initial SL % = 10% Trailing X% = 5%, and Trailing Y% = 5%, then it will trail like following:

Initial SL = 100 – (100*10%) = 90
Trail X Points = 100 * 5% = 5
Trail Y Points = 90 * 5% = 4.5
When LTP reaches 105, it will trail the SL to 94.5.
When LTP reaches 110, it will trail the SL to 99.
When LTP reaches 115, it will trail the SL to 103.5. And so on…

Entry Type = Sell

For trailing, if LTP= 100, Initial SL % = 10% Trailing X% = 5%, and Trailing Y% = 5%, then it will trail like following:

Initial SL = 100 + (100*10%) = 110
Trail X Points = 100 * 5% = 5
Trail Y Points = 110 * 5% = 5.5
When LTP reaches 95, it will trail the SL to 104.5.
When LTP reaches 90, it will trail the SL to 99.
When LTP reaches 85, it will trail the SL to 93.5. And so on…

Protect Profit

There are the following modes available to protect profits and it’s available at the strategy level and portfolio level both:

Lock Minimum Profit
Trail Profits
Lock & Trail Profits

Lock Minimum Profit

Assuming the “If Profit Reaches” parameter is set to 10000 and the “Lock Min Profit At” parameter is set to 5000.
When the profit reaches 10000, the system will lock the minimum profit at 5000.
All positions will be exited when the MTM decreases to 5000.
This action is performed only once.

Trail Profits

Assuming the “Increase in Profit” parameter is set to 5000 and the “Trail Min Profit by” parameter is set to 3000.
The system will trail the minimum profit by 3000 for every 5000 increase in profit.
When the profit reaches 5000, the minimum profit will be locked at 3000.
When the profit reaches 10000, the minimum profit will be locked at 6000.
The locking of the minimum profit continues for subsequent increases in profit.

Lock & Trail Profits

This mode first locks in the profit at the “Lock Min Profit” value, then begins trailing profits.
For example, if “Profit Reaches” is set to 10000, and “Lock Min Profit At” is set to 5000, with an increase in profit of 5000 and a “Trail Min Profit by” value of 3000:
When your profit reaches 10000, the minimum profit will be locked at 5000.
When your profit reaches 15000, the minimum profit will be locked at 8000.
When your profit reaches 20000, the minimum profit will be locked at 11000, and so on.

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Configurable Parameters
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• There is no limitation on how many symbols (Equity, Equity Futures, Index Futures, Index Options (Finnifty excluded)) can be added for scanning. • Paper trading functionality with live PNL and order book generation.
Global Configurable Parameters: (These parameters are common for all the straddles/strangles taken by the user.)
Start time
Stop Entry time
Exit time
Max. no. of Trades
Timeframe
Expiry Date
Global Max Profit
Global Max Loss
Order Type ( Dropdown: MARKET / LIMIT )
Product Type (Dropdown: MIS/NRML)
Limit Order Configuration
Limit Buffer %
Seconds to modify Limit order to market
Protect Profit
Lock Minimum Profit
Trail Profits
Lock & Trail Profits
Execution Mode ( Paper Trade / Live Trade )
Configurable Parameters at the Strategy level: (These parameters can be configured separately for each symbol.)
Alias Name
Segment: Equity / Index
Underlying (Equity, Equity Futures, Index Futures, Index Options (Finnifty excluded))
Trade On: Equity, Equity Futures, Index Futures, Index Options (Finnifty excluded)
Option Mode
Contract Selection
Entry by ATM Points
Entry by Closest Premium
EMA Period
Time Frame
Trade Direction
Max Trade per Script
Trigger Valid till Next Candle (Check box)
Strategy Max. Profit
Strategy Max. Loss
Quantity calculation
Mode: By Qty / Lots
Mode: By Capital
Mode: By Risk per trade
Exit Criteria based on Underlying
N Candle H/L from Signal
SL ( Per / Pts )
EMA Touch
EMA Close Below/Above
Target ( Per / Pts )
RR based target
Exit Criteria based on Trade Symbol
SL ( Per / Pts )
Target ( Per / Pts )
RR based target
Protect Profit
Lock Minimum Profit
Trail Profits
Lock & Trail Profits
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Order Execution
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Order Configuration:
Entry Order Type- Limit Order
Stop Loss Order Type – SL (Applicable for Individual Leg SL only)
Limit Order Configuration :
Limit Buffer %
Seconds to modify
Product Type : MIS / NRML
Entry Order:
For entry order, it will be placing a Limit order. Price will be calculated as below example:
Entry Type = SELL LTP @ the time of placing order = 100 Limit buffer % = 2% Seconds to modify order = 5 It will place a sell limit order with 2% below the price which will be 98. If your order is not executed within 5 seconds it will modify to market.
SL Order:
Individual Leg SL:
For the SL order, it will be placing a Stop Loss Limit order. Price will be calculated as below example:
Entry Type = Buy, Exit Type= Sell SL Price = 100 Limit buffer % = 2% Seconds to modify order = 5 It will place an SL buy order with trigger price = 100 and limit price = 102. So in this case your SL order may get filled anywhere between 100-102 with the best available price. If your order is not executed within 5 seconds it will modify to market.
Combined Leg SL:
It will be placing a Limit order to exit positions when combined SL is hit.
You can tweak “Limit buffer %” and “Seconds to modify order” parameters as per your requirement, so orders are placed as you configured them.
If the broker’s API fails due to any reason while modifying the SL order to market after X seconds, then your position will be open without any SL. In this type of scenario, you will need to manage and exit manually.
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Salient Features
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Screens:
Signal Window
Order Book
Position Book
Parameter Window
The Signal window shows the live signals generated and all different values like Entry Price, Target Price, SL Price, Quantity, etc. depending upon the strategy.
Order Book shows all the orders placed by the software.
Position Book shows the live MTM and open positions generated due to software.
Parameter Window displays all the parameters set by the user.
Some Other Functionalities:
User can save the configuration in case he / she wants to trade the same configuration every day
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Pre Requisites
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Integration with the broker requires a Broker Account API with historical data. If there are any charges associated with using the API from the broker, the customer will be responsible for covering the cost independently.
Infrastructure :
Cloud Machine(Like Amazon AWS/Microsoft Azure/Google Cloud) can be used on Windows or Mac
If you opt for a Cloud machine, there is no other internet speed requirement or min computer requirement.
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// FAQ

5 EMA Strategy - Power of Stocks FAQ

How do I automate the 5 EMA strategy?

Connect your broker through its official API, add the symbol and contract, set the EMA period, timeframe, direction and time window, set your exits and limits, then test in Paper Trade mode before switching to Live. The software runs on your own Windows or Mac computer or your own cloud machine.

What is the 5 EMA strategy?

A publicly known intraday method built on a 5-period exponential moving average, explained by Subasish Pani (Power of Stocks). This tool automates it with the settings you choose.

Does MyAlgoMate provide settings or backtest data?

No. The tool automates a strategy that is available in the public domain. MyAlgoMate does not endorse it and provides no backtest data or standard settings — you decide every parameter. MyAlgoMate provides technology only, not investment advice.

When does it check for a signal?

At every candle close, between the start and stop times you set. At the exit time you set, it exits all positions.

Can I take only buy or only sell signals?

Yes. Choose buy-side signals, sell-side signals or both. You can also cap the number of trades per symbol and in total.

Which instruments can I trade?

Equity, equity futures, index futures and index options (Finnifty excluded). It trades intraday.

Can I test it before going live?

Yes. Paper Trade mode shows live signals, an order book and live MTM without sending real orders to your broker.

What do I need to run it?

Your broker's API with historical data (any API fee is billed by your broker), and a Windows or Mac computer — or your own cloud machine.

Do I need a static IP?

Yes, for Indian equity brokers. Under SEBI's retail algo-trading rules, brokers accept API orders only from a static IP registered with them — one for each trading account. MyAlgoMate's Virtual Trading Environment gives each trading account its own static IP.

How is it priced?

Per trading account (client ID): you need one subscription for each account it runs on. The current plans are listed on this page, plus GST.

// OVERVIEW

Fully automated Algo | 5 EMA strategy by Subasish Pani, Power of Stocks for Equity, Equity Futures, Index Futures, and Index Options (except Finnifty) Explained in the Traders Carnival

Questions? WhatsApp us: Chat on WhatsApp

Join this telegram channel to get updates on this product: https://t.me/Myalgomate5EMA Or search with the name “Myalgomate5EMA”

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What is 5 EMA Strategy - Power of Stocks?

Key facts

Plans

Works with 6 brokers

Features at a glance

Automated 5 EMA strategy

Live signal window

Order & position books

Fully configurable

Built-in risk controls

Multi-symbol, no limit

Paper or live mode

See it in action

How to automate the 5 EMA strategy

Every setting, explained

Execution Details

Stop Loss trailing

Protect Profit

Lock Minimum Profit

Trail Profits

Lock & Trail Profits

Configurable Parameters

Order Execution

Salient Features

Pre Requisites

5 EMA Strategy - Power of Stocks FAQ

How do I automate the 5 EMA strategy?

What is the 5 EMA strategy?

Does MyAlgoMate provide settings or backtest data?

When does it check for a signal?

Can I take only buy or only sell signals?

Which instruments can I trade?

Can I test it before going live?

What do I need to run it?

Do I need a static IP?

How is it priced?

Fully automated Algo | 5 EMA strategy by Subasish Pani, Power of Stocks for Equity, Equity Futures, Index Futures, and Index Options (except Finnifty) Explained in the Traders Carnival

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