Sorry my office firewalls block the charts posted but I just looked back on my charts...
5615 shorts on 11th July with SAR 5735 .... Nifty made a low at 5503 next day but 15 EMA not touched anywhere so SAR stays at 5735
Nifty stayed in this range (5735 to 5503) and finally gave a new low on 28/7 hence bringing down the SAR to 5711 (25th July high)
you are right that trade was closed at 5515, longs initiated and then reversed to shorts with 60 point loss. From 5450 shorts again and nifty fell to 4721 non stop...
Pardon me I missed that trade .... I just created that sheet in a hurry yesterday manually ....
When you trade live with me ... you will understand the results better.
Cheers
SH