Hi Pride,
I have backtested your method for the June 2009 Series of "Minifty Futures" and the result is mind blowing
There have been loss trades [very rarely] and the most important thing is that there was not even a single loss day!!!! :clap: . The total points accumulated were ~1000 , that too with only 1 lot!!!.
On an average I see there can be 3 trades in a day and very rarely once in two weeks more than 3 trades in a day. Thanks for sharing such a wonderful method. Hopefully I can make the most of it.
Regards,
-Sri
I have backtested your method for the June 2009 Series of "Minifty Futures" and the result is mind blowing
There have been loss trades [very rarely] and the most important thing is that there was not even a single loss day!!!! :clap: . The total points accumulated were ~1000 , that too with only 1 lot!!!.
On an average I see there can be 3 trades in a day and very rarely once in two weeks more than 3 trades in a day. Thanks for sharing such a wonderful method. Hopefully I can make the most of it.
Regards,
-Sri
but seriously, thanks for backtesting the method
for exit strategy, is it ok to get out once 5 min stchs goes into over-bought zone in case of longs instead of waiting fo crossover?
Hi Bandlab,
My observation during the backtesting was that, it would be good if we can wait until the bullish 5 min stoch goes below the overbought zone.
Reason being that, many a times when the script is making very small 5 min bars and the trend is upward, even for a single small bearish 5 min bar, the bullish 5 min stoch wil have a crossover. Also, if we wait until this 5 min bullish stoch to cross the overbought zone [downward] we will get additional points .
This is my personal interpretation after the backtesting i did yesterday.
Regards,
-Sri
My observation during the backtesting was that, it would be good if we can wait until the bullish 5 min stoch goes below the overbought zone.
Reason being that, many a times when the script is making very small 5 min bars and the trend is upward, even for a single small bearish 5 min bar, the bullish 5 min stoch wil have a crossover. Also, if we wait until this 5 min bullish stoch to cross the overbought zone [downward] we will get additional points .
This is my personal interpretation after the backtesting i did yesterday.
Regards,
-Sri