BANKNIFTY
Traded in futures: Yes
Strategy: Buy BANKNIFTY when above 200 SMA and near 50 SMA and above 50 SMA and RSI is above 50.
Take positions around price: 15322.25.
Put your stop loss at 15033.
Trail your stop loss with Average True Range lower band everyday with stop loss never going down.
There is no target price. Trail your stop loss everyday and exit positions when stop loss gets hit. Please note that it doesn't mean that you will never be profitable.
Brief Analysis: Profit factor is 3.47. Strategy is giving decently bullish results. Percentage of profitable trades is 45.45%, which is low, but win loss ratio is good so its fine. Average return per trade is 2.18%, which is very good.
Traded in futures: Yes
Strategy: Buy BANKNIFTY when above 200 SMA and near 50 SMA and above 50 SMA and RSI is above 50.
Take positions around price: 15322.25.
Put your stop loss at 15033.
Trail your stop loss with Average True Range lower band everyday with stop loss never going down.
There is no target price. Trail your stop loss everyday and exit positions when stop loss gets hit. Please note that it doesn't mean that you will never be profitable.
Brief Analysis: Profit factor is 3.47. Strategy is giving decently bullish results. Percentage of profitable trades is 45.45%, which is low, but win loss ratio is good so its fine. Average return per trade is 2.18%, which is very good.
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