Checking and analysisng are different!!! Write down the rules of your analysis, take an arbitary filter to use, say we use 14 & 7 in Nifty now at ~3600, if your script is say of 900, analyse using 4 & 2, write the results in an Excel file, also mention against each trade, the maximum price and minimum price achieved. See how many trades were triggered and gave money and how many got triggered but whipped you!!! Now check if the filter was increased would it help you save a few whiplashes, or see if there are very few false trades can you afford to reduce the filter!!! Do it for a few months, I am sure u will find out the most suitable filter!! Also note that in case you still unable to adjust the filter to get trades per your R/R may be then you need to consider dropping that script for trading as per your set of rules!!!
dear rkkarnani,
thank u very much for enlightened me.