Trading Bank Nifty Future on 15 Minutes TF
Hello
Position shifted to Long, for me the trend changed around 12380, but my entry to long side was a bit late at 12415.
I am implementing few changes in the way i will trade, mostly to reflect my MM and Position Sizing views and primary time frame increased to 15 Minutes
Now onward I will carry the initial position till the reversal, effectively this initial position acts as a swing trade with SAR. From next day, everyday at open i will initiate additional position in the direction of my current swing trade. Any adds that i will be thus doing during the day will be squared off near the close of the day's session.
I have done back tests for these kind of intraday trades, although they have less profitability in number of points (60-70% of the swing trade) but have few advantages. For these trades the risk will be managed intraday basis and also no additional margins will be required, also no additional systems need to be monitored / used, effectively will be kind-off free ride trades.
Thanks
