Hi Anant,
As far as data that I download from 'Getbhavcopy' for Equity & Futures, on the 17-04-2012 BNF made a High of 10658.00 which had Triggered a BUY and subsequently on the 18-04-2012 it was taken out by making a high 10674.80 thus making it active (marked on the chart by vertical green dotted line) where the BUY was placed one point above the high of 17-04-2012 @ 10659.00..... but the problem as I realised in hindsight was the 'Initial S/L' which should have been a little lower than that of 29-03-2012 instead of a point lower than that of 11-04-2012.
Reason.... that a point lower than Low of 29th would have been the correct Initial S/L is because we have a gap-up opening on the 30th March....therefore high probability of closing the Gap should have been taken into account by me....and that is where I made the grave error.....!!!
This is one of those instances of Gap-up.....which will perhaps need to be looked at closely, next time it happens....can't remember I came across such an instance while manually backtesting NF...!!!
SG
As far as data that I download from 'Getbhavcopy' for Equity & Futures, on the 17-04-2012 BNF made a High of 10658.00 which had Triggered a BUY and subsequently on the 18-04-2012 it was taken out by making a high 10674.80 thus making it active (marked on the chart by vertical green dotted line) where the BUY was placed one point above the high of 17-04-2012 @ 10659.00..... but the problem as I realised in hindsight was the 'Initial S/L' which should have been a little lower than that of 29-03-2012 instead of a point lower than that of 11-04-2012.
Reason.... that a point lower than Low of 29th would have been the correct Initial S/L is because we have a gap-up opening on the 30th March....therefore high probability of closing the Gap should have been taken into account by me....and that is where I made the grave error.....!!!
This is one of those instances of Gap-up.....which will perhaps need to be looked at closely, next time it happens....can't remember I came across such an instance while manually backtesting NF...!!!
SG
Hi SG,
The difference in the trigger dates as observed by me and you is due to the data. As I understand from your post above, you are using BANKNIFTY-I data which is always the current month. Therefore, the data for April will be for April Contract, data for March will be for March contract (because BANKNIFTY-I in March is March contract) and in February it is February contract. Therefore, when you use BANKNIFTY-I data you are combining different Near Month data.
I am also using the data downloaded from GetBhavCopy and combining BANKNIFTY-III data of February (which is April contract), BANKNIFTY-II data of March (This is again April contract) and BANKNIFTY-I data of April. Effectively I am using the three months' data of the same contract. This results in small differences in the calculation of the Averages and therefore I got the trigger on 18-4-2012 with an initial stoploss below the low of 16-4-2012. However, as I mentioned earlier the high of 18-4-2012 was never taken out and there was no trade at all.
I am attaching the chart image below with the markings.
-Anant