About one and a half year ago, I opened a thread on a simple day trading strategy. Later I coded a trading system with adapted idea from that setup and this system trades Nifty and Bank Nifty futures only. what is interesting is this automated system makes 100% + on a trading account of 30000 with single lot trades on Nifty futures. The only issue is it make on average 3 trade a month.
The backrest report from 2012 Jan to 2013 Sep 19 shows the system exposure is less than 10% percent of the total time period, only 74 trades. In 2012 it made 142% percent on an account size of 30000 after deducting 3 points towards cost and slippage. In 2013 up to September 19, it made 99%. It makes similar profits on bank nifty also.
I am planning to auto trade it, but the problem is the account will be idle for most of the time, as it make 3 trades on average a month.
Now I am seeking your views on such a system. 100%+ annual return is good, but the trading account is idle for most of the time as it make around 35-40 trades a year and all trades are day trades.
The backrest report from 2012 Jan to 2013 Sep 19 shows the system exposure is less than 10% percent of the total time period, only 74 trades. In 2012 it made 142% percent on an account size of 30000 after deducting 3 points towards cost and slippage. In 2013 up to September 19, it made 99%. It makes similar profits on bank nifty also.
I am planning to auto trade it, but the problem is the account will be idle for most of the time, as it make 3 trades on average a month.
Now I am seeking your views on such a system. 100%+ annual return is good, but the trading account is idle for most of the time as it make around 35-40 trades a year and all trades are day trades.