365 Day High Breakout Strategy by Atma_Sakshatkar
By modhelius
Performance Metrics
- Author: modhelius
- Symbol: NSE:TCS
- Timeframe: 1 day
- Net P&L: +606.95 NONE (+0.61%)
- Win Rate: 69.2%
- Profit Factor: 4.269
- Max Drawdown: 173.29 NONE (0.17%)
- Total Trades: 13
- Sharpe Ratio: −5.099
Description
Aug 29, 2020SCRIPT NOTES- Strategy consists of 3 parameters :-1. BUY on 365 day breakout (250 days taken in back-testing instead of 365 days considering weekends and other holidays in a year)2. Moving averages (Noise Filtering condition )3. RELATIVE STRENTH indicator (Original Author - tradingview.com/u/modhelius/ ) (Noise Filtering condition )- Strategy works better on low volatile stocks.- This strategy is for self improvement and concept sharing purpose only. - Trading (including profit/loss) using this strategy is completely user's responsibility.Sep 1, 2020Release NotesSTRATEGY UPDATE :-- Exit method modified to "ATR based" exit mechanism from earlier method of "fixed Target % and fixed Stop Loss % method".- ATR based stop method keeps trailing the price as it moves up and keeps us in a trade till the trend lasts.