As Promised,
Here is back test Result for the Conditions as you have gave
See Below the Equity curve
Back test Period
From Mar First week to 20-6-2013
the Back result shows a profit of 25400( with out deducting brokerage )
for the Investment of Rs 1 Lakh taking 30% leverage.
I have taken back test from following counters
ABAN
ABB
AXISBANK
BALRAMCHIN
BANKBARODA
BANKINDIA
BHEL
DLF
HDFC
HINDALCO
ICICIBANK
JPASSOCIAT
PNB
RCOM
RELCAPITAL
RELINFRA
SBIN
TATAMOTORS
UCOBANK
Total Trades 56
Wins 24
Loss 32
Thank you Healthraj for this Strategy
Here is back test Result for the Conditions as you have gave
See Below the Equity curve
Back test Period
From Mar First week to 20-6-2013
the Back result shows a profit of 25400( with out deducting brokerage )
for the Investment of Rs 1 Lakh taking 30% leverage.
I have taken back test from following counters
ABAN
ABB
AXISBANK
BALRAMCHIN
BANKBARODA
BANKINDIA
BHEL
DLF
HDFC
HINDALCO
ICICIBANK
JPASSOCIAT
PNB
RCOM
RELCAPITAL
RELINFRA
SBIN
TATAMOTORS
UCOBANK
Total Trades 56
Wins 24
Loss 32
Thank you Healthraj for this Strategy
In your opinion does the strategy work with backtest results showing 42% win ratio?