Please find below the backtest report for TATA STEEL from 2006 to 2014.
The success ratio is comparatively high when you include this additional filter, in fact just plain NR7 setup failed in long run resulting in negative returns for the period of 2006 to 2014.
However, only 50 trades were executed with additional filter which not only increased the winning %, also the total points gained in 155 with 72% success rate.
The success ratio is comparatively high when you include this additional filter, in fact just plain NR7 setup failed in long run resulting in negative returns for the period of 2006 to 2014.
However, only 50 trades were executed with additional filter which not only increased the winning %, also the total points gained in 155 with 72% success rate.
Thanks for the setup.
what abt the target?? is it 1R, 2R or EOD.