karanm,
4600 points in one year is very good. Do not try to back test 2009 as that was exceptionally trendy year. Try backtest from 1996 to 2003 when mkts were not trending for a large duration of time in any one direction. And why don't you want to use 3ema gap rules? It gives additional benefit. But if you have serious limitations with respect to that, you can have a look at :
Dear Bharattank - Hope you exited Nickel in time. After my message, Nickel dipped to make a low of 958 ..took a u turn and is trading at 1095 right now !
As per this strategy I shorted ACC @ 936 on last Thursday, but after that market is going up and now ACC trading around 952. Still 315 buy signal not genenrated, but do you suggest to hold on to shorts or sell it?