Consolidation Breakout [Indian Market Timing] — Strategy by The_Algo_Engineer
By The_Algo_Engineer
Performance Metrics
- Author: The_Algo_Engineer
- Symbol: NSE:NIFTY1!
- Timeframe: 3 minutes
- Net P&L: +696,460.00 NONE (+1,392.92%)
- Win Rate: 60.5%
- Profit Factor: 2.219
- Max Drawdown: 80,617.50 NONE (48.87%)
- Total Trades: 114
- Sharpe Ratio: 0.67
Description
OK let's get started ,A Day Trading (Intraday) Consolidation Breakout Indication Strategy that explains time condition for Indian Markets .The commission is also included in the strategy .The basic idea is ,1) Price crosses above upper band , indicated by a color change (green) is the Long condition .2) Price crosses below lower band , indicated by a color change (red) is the Short condition .3) ATR is used for trailing after entry// ═══════════════════════════════//// ————————> TIME CONDITION BACKTEST RESULTS ( 114 CLOSED TRADES )<————————— //// ═══════════════════════════════════════════════ //LENGTH , MULT (factor) and ATR can be changed for better backtest results.The strategy applied to NIFTY (3 min Time-Frame and contract size 5) gives us 60% profitability , as shown belowIt was tested for a period a 8 months with a Profit Factor of 2.2 , avg Trade of 6000Rs profit and Sharpe Ratio : 0.67The graph has a Linear Curve with consistent profits.NIFTY1!Save it favorites.Apply it to your charts Now !!Thank me later ;)