Signals are generated using a proprietary indicator developed by me using Tradingview Pine Script (in.tradingview.com/script/g57JZF9v-Trendshikari-PTS-V1-0/). Key performance metrics generated from TV Backtester are published below (2007 to 2017). Original signal came few days ago but you may enter now as the price is down from the original entry value and you could take advantage of a possible upside from here.
Enter with 1/10 th of your trading capital. Exit, when I signal so in this tip page. Please post your thoughts, concerns on the system if you have any.
Trade active
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Bought @ 576.6
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Add one more position equal to 1/10th of your trading capital to your existing position at current market price of 574.25 so that your net entry price now comes down to 575.4
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Add one more position equal to 1/10th of your trading capital @ CMP 567.05. Now your entry price reduced to Rs.572.61
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Trendshikari PTS uses pyramiding strategy to reduce your entry price as market goes against your current position. This is at display on this call here.
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Exit position at today market open @ market price.
Trade closed manually
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Closed @ 561.95. We book a loss of 10.66 per share. Dont worry. Its the law of averages playing out. System is only accurate to 71% in this instrument as you can see in the backrest results below which means roughly 1/3 trades that you take will be at a loss. As the backtester results prove we will get back with the other 2/3 trades. Happy Trading.