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.

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