See the performance of this ultimate and profitable tool specially designed for NIFTY-50 Index which traded on NSE(India).
I have found that taking partial profit (1 contract) and continuing the with remaining (1 contract) keeps you in trade until next trend reversal.
Performance from 31/01/2019 to 19/02/2020 on 10-MIN (ideal) timeframe.
No. of contracts = 2 (You can adjust as per your risk management)
Points=5648.
No. of trades=206
Profit Factor=1.948
Sharpe Ratio=0.619.
I have found that taking partial profit (1 contract) and continuing the with remaining (1 contract) keeps you in trade until next trend reversal.
Performance from 31/01/2019 to 19/02/2020 on 10-MIN (ideal) timeframe.
No. of contracts = 2 (You can adjust as per your risk management)
Points=5648.
No. of trades=206
Profit Factor=1.948
Sharpe Ratio=0.619.
Comment:
The aim of this indicator is not to predict the market, but ride the market with its ebbs and flows. Because predicting the market is always futile. This indicator maximizes the probability of trades depending on historical prices. i.e. all the technical indicator does the same.
It has following usage setting:
1. Enable/Disable take partial profit.
2. Partial profit points.(45 points gives better results)
3. No. of contracts for partial profit booking.
4. Date Range (From and To) to check for different date range.
4. Enable/Disable Bar Color.
5. Enable/Disable Background Color.
Following link has all the trades for above strategy:
www.dropbox.com...FTY-10 MIN.xlsx?dl=0