Trendshikari PTS V1.0 - Reliance - Short

Nov 23, 2016

Short @ Market price @ Market Open

Signals are generated using a proprietary indicator developed by me using Tradingview Pine Script. This system works on Daily bars and so entries or exits are at the next market open after getting signal. Key performance metrics generated from TV Backtester are published below (2007 to 2016).

Enter with 1/10 th of your trading capital and be ready to load another two positions with 1/10 the equity size when I give signals. Also exit all, when I signal so in this tip page. Please post your thoughts, concerns on the system if you have any.

Nov 24, 2016

Trade active

Buy price - 1005.55

Nov 24, 2016

Note

Reliance is on its way down. Keep holding -

Nov 27, 2016

Note

Cover your short position tomorrow at market open at market price.

Nov 28, 2016

Trade closed manually

Trade closed at today's open price 993. So we made Rs.12.55 per share of this stock on this call. We should have closed the position on 25 Nov, last friday open at Rs.990, locking in Rs.15.55 per share, because the chart showed a cover signal on Thursday. The reason I was not able to give you the alert is because I didn't see any signal on the chart on Thursday evening after market close. But later when I checked the chart on Saturday, the signal was there. It seems like a TV datafeed issue where in the chart data changes after a certain amount of time from the market close. I will be taking up this issue with TV support to make sure how we can get rid of this issue.