The strategy works best on 5 min timeframe. The results may very different depending upon time-frame and date range of your choice.
The default trading quantity is 2. I have added functionality for part profit booking which increase profit and always keeps you in trade. I have tested this indicator on 5 minutes time-frame on National Stock of Exchange(India) which gives good results and the time period is almost 6 months. Period : 19/08/2019 to 06/03/2020. Points = 688.25 No. of trades = 58 Profit Factor = 2.934 It is non-repainting indicator and uses @version=4.
For free trial, send me a private message in order to access this script as this Invite Only script.
@PRAKASHG,
hi how can i get the indicator ?
kindly tell me
AdityaTechTrader
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Just read and watch lectures of Mark Douglas about trading. His best contribution is his title "Trading in Zone".
avsrikanth
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Hi Aditya,
Your model is impressive. Have a few questions
1. Does it work in side ways markets too
2. DOes it work on certain type of securities or all of them ?
Any details on your method will be great and i would really be delighted if you can help me implement it
Regards
Srikanth
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AdityaTechTrader
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@avsrikanth, Sorry I posted about TCS. The model is developed on statistical probability. This indicator is specifically designed for Grasim. Each securities have different characteristics.For some simple EMA will suit and for others simple Fibonacci concepts will work. I have developed indicators for NIFTY, Grasim, TCS and Indusind Bank. You can find the same on my page.
can you give me a free trial ?