I have developed this strategy for NIFTY-50 Index on which is traded National Stock of Exchange(India). It is non-repainting indicator and uses @version=4
This script uses hourly and daily price data. The results will be very different depending on the chart and time-frame of your choice and date range of your choice.
The default contract quantity is set to 2 .You can adjust as per your risk management. I have found that taking partial profit (1 contract) and continuing the with remaining (1 contract) keeps you in trade until next trend reversal. 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.
I have tested this indicator on 10 minutes time-frame on National Stock of Exchange(India) which gives good results and the time period is almost 1 year from 21/01/2019 to 14/02/2020. Points=5632. No. of trades=202 Profit Factor=1.9 Sharpe Ratio=0.626
The NIFTY-50 contract size is 75.
This strategy gives better results on Index as this is optimized for Indexes. You can always try on other instruments or you can private message me.
Use proper risk management.
This is a premium indicator so send me a private message in order to access this script. This script is for information and educational purpose.
Hi Aditya, can you please provide me access to this script? Thanks a lot in advance. Regards
dogekao
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Can test
manisha80
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Please give me access
Manisha80
Jagadish46
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plz give me access
AdityaTechTrader
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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.