Hi OldTrader,
How are last 5 trades? Nifty is moving good, how is your system doing?
Last 4 trades gave approx. 120 pts. 5th trade going on with around 230 pts on the table. The 5th trade was actually triggered at 7594, 7630 is the close of the candle, so you can consider 36 pts points more profit.
This system is very consistent. Sometimes, as with all the trading systems, whipsaws do occur, But, eventually profits will come.
For those of my friends, who want to make a start with this system, I suggest to trade with options in the beginning , So that they can start with less than 10K in the account. For example on 11th April, when the BUY signal appeared at 7630, they could have bought 7800 Call for around 48 Rs, which is trading at 156 Rs today. A cool profit of 108 points. Once they are in profit they can increase the Option size or move over to Futures.
I am attaching screenshot of the system as of today.