Hello
Did some initial testing based on the rules given.
Trading time frame: 5 Minutes
Indicator BB (Period = 20, Factor = 1.5)
Higher Time frame
Daily: Indicator Super Trend (Period = 30, Factor = 1);
Hourly: Indicator Super Trend (Period = 30, Factor = 2);
15 Minutes: Indicator Super Trend (Period = 30, Factor = 4);
Ticker: Nifty Spot (data set from Jan to December 2016)
Fixed stop loss at 75 points
Fixed Profit stop at 150 points
The system generated around 35 trades with above 55 % winners and overall gains of about 2000 points (1800 after cost).
Tried out some variations as follows
1) Reducing the stop to 50 also improves performance in all variations
2) Replacing the BB with one more ST on 5 Minutes gave a slight better result.
3) Eliminating the trading TF (i.e 5 Minutes) improved the results a lot (15% more winner and 25% extra points).
i.e here the trading TF is 15 Minutes and reference to HTF of Daily & Hourly
entry trigger was the ST on 15 minutes for e.g.
Go Long when ST on both Daily and Hourly are Long
and the ST on 15 flips from Short to Long
But 2 & 3 above do not go exactly with the principle of system that was presented . . .
the entry gets based on breakout (ST flip) rather than pull back (lower end of BB)
4) Also tried eliminating the daily TF ST, it actually does not make much difference in performance,
although the number of trades increase slightly.
5) While planning the trades, if one also considers the S/R zones and
the obvious failure/rejections without waiting for SL to hit every time (scratching the trades)
the win/loss will improve further.
Over all it is a good set of rules put together.
makes it robust system (maybe some fine tuning as per individual preferences )
Thanks
Happy