Been (manually) backtesting positional Pin Bar systems since morning...
Here are the results for Nifty futures... (since this positional, i have tested for each series from around the middle of the previous month until expiry)
Costs have not been deducted.
Results when using only Pin Bar:
August 2013 series - 22/7 onwards; +78.9 points from 12 trades
september 2013 series - 16/8 onwards; +625.35 points from 14 trades
October 2013 series - 16/9 onwards; +135.1 points from 9 trades
November 2013 series - 15/10 onwards; +56.25 points from 12 trades
December 2013 series - 26/11 onwards; +89.3 points from 11 trades
January 2014 series - 16/12 onwards; +233.9 points from 10 trades
February 2014 series - 16/1 onwards; +148.05 points from 5 trades
But this system missed out a lot of moves that did not begin with a pin bar.
So, to make the system spicy, added 3 tablespoons of range bar logic to the pin bar logic. (Range bar logic similar to what is mentioned here
http://www.traderji.com/trading-diary/88102-bakwaas-trading-7.html#post877024, and applying different rules to wide, medium and narrow bars)
Results with the new rules:
August 2013 series - 22/7 onwards; +381.8 points from 34 trades
september 2013 series - 16/8 onwards; +1005.75 points from 37 trades
October 2013 series - 16/9 onwards; +950.15 points from 37 trades
November 2013 series - 15/10 onwards; +130.8 points from 32 trades
December 2013 series - 26/11 onwards; -135.4 points from 26 trades
January 2014 series - 16/12 onwards; +426.4 points from 28 trades
February 2014 series - 16/1 onwards; +186.95 points from 15 trades
Being a manual backtest done in a hurry, I am sure there will be a bunch of typos, but I have verified all the big impact trades.
This was tested on 30 min chart, and I'll tell u one thing - Swing systems are easier than day trading system.