After a lot of thought, am creating a thread on theoretical entries and exits basis Supertrend (settings 10,2) 30M chart. Shall also post screenshots of charts from time to time. Will not always be able to post in realtime, so will update as and when possible. The idea for this thread is to check the outcome of trades based on a well defined mechanical system, but also tweaked as we evolve. Will state any changes to the rules as they happen. Shall log all entries and exits and reasons, and do an analysis as we go along. By 31st Dec. we can see how the system performs.
Rules :
Long if Price closes above signal, Short if Price closes below signal.
Variation1 : Shall take runaway profits.
Variation 2 : Shall not take more than 100 points loss (other than gap)
Waiting for a change in signal. No entries as of now.
Rules :
Long if Price closes above signal, Short if Price closes below signal.
Variation1 : Shall take runaway profits.
Variation 2 : Shall not take more than 100 points loss (other than gap)
Waiting for a change in signal. No entries as of now.