Bank Nifty - Backtest results of a simple strategy, that works.
The chart has highs and lows of first 15 min. candle marked for a few trading days, and backtest results of trades taken on breaking of these levels in either direction.
A friend has told me about this system, I decided to back test out of curiosity, surprisingly it works. The system gave 100+ points on Bank nifty on 9 out of 11 days.
I believe, if we use some reliable indicator along with this, profitability can be enhanced further.
Those interested in more information about this system can share their e-mail ids via message post or direct messages.
Relevant for beginners only or someone with very basic knowledge of technical analysis.
I have also tested it on Nifty, and got similar results. I have not tested on individual stocks yet, but I was told it works well on them too.
This post is not a trading tip or encourages / recommends speculative trading using leveraged positions in any way, please consult some financial consultant before taking any decisions w.r.t. your money.
Follow me on this forum for periodic updates on nifty, bank nifty and some trading strategies.
A friend has told me about this system, I decided to back test out of curiosity, surprisingly it works. The system gave 100+ points on Bank nifty on 9 out of 11 days.
I believe, if we use some reliable indicator along with this, profitability can be enhanced further.
Those interested in more information about this system can share their e-mail ids via message post or direct messages.
Relevant for beginners only or someone with very basic knowledge of technical analysis.
I have also tested it on Nifty, and got similar results. I have not tested on individual stocks yet, but I was told it works well on them too.
This post is not a trading tip or encourages / recommends speculative trading using leveraged positions in any way, please consult some financial consultant before taking any decisions w.r.t. your money.
Follow me on this forum for periodic updates on nifty, bank nifty and some trading strategies.
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