I haven't been able to spend time on this in past few days. I have some trades noted that I will share. Some days I couldn't track. Is there anyone who has historical data on pre-market opens for past week?
EOD Update 02-Jul-20
Another flat day. Typical behavior of trend following systems. There are many days with small loss/small gain. And then large days with wins. It is boring. It is tough. But it is possible to be profitable at the end.
It depends on the system you are testing. Ideally, you should divide your data into two parts - "In-Sample(IS)" and "Out of Sample(OOS)". You should use IS data to optimize your system. As in decide on look back window, breakout rules, SL% etc. Then test those rules on OOS data.
EOD Update 29-Jun-20
If any trend follower "GURU" or any intraday trading "GURU" is telling you that they made a killing today, stop and run away from them. They are likely lying and only interested in your money. Days like today are nemesis of intraday trend following systems.
For each stock, 1% risk is assumed from Entry to SL. Result (Profit/Loss) is the %age made based on the exit price.
Example: BPCL Trade on 26 Jun 20. Entry Price: 380.4, SL= 373.05. Thus, risk = 7.35. That is, every 7.35 rs 1% will be made or lost.
Exit = 395.6.
This thread is capturing non-trending days already. I intend to document these trades here so that a general idea of system may be gained.
You can make any tweaks to it as per your wish. You can come up with an alternate way to filter into the first 10 stocks that we want to trade. you can...
EOD Update - 24-Jun-20
Importance of following a system and discipline associated with it is showcased in days like today. It only needs 1-2 stocks to do well to make a day positive. The system kept us out of all Longs today on a day that clearly was bearish.