Hi Manish,
Since you are seeking sincere feedback, here's my 2C - again.
Let me again clarify that I genuinely wish you well and hope to see your system work successfully. I am reverting to you again only for the reason that my feedback can be of help, rather than providing you some off hand words of encouragement.
There is a reason for being critical of results derived by back testing systems. I am providing my one own such example... A system that looked good on testing over random periods, and I tried looking deeper to see where it could be wrong in terms of my assumptions. I noticed that the system was taking entry and exit at the start of the signal bar which is not possible in real time and real life. Hence changing the entry and exit to the next bar after the signal bar, reduced much of the promise the system offered.
There is another popular thread in the forum by HealthRaj that backtested a result of 1 lakh to 652 lakhs in 497 trading days. This thread was popular and had over 3 lakh views. But HealthRaj (Who I much appreciate and admire for his efforts and sincerity) admitted that the system did not work well...
The problem with backtesting is that one can tweak parameter and look for survivor among rules that fits the data available - but it does not work like that in real life, else every body (accountants, IT guys, professionals, corporates etc) would spend a few thousands or lakhs of rupees on a laptop and a system and do data scans tweaking RSI, ADX, MA, Bollingerbands etc and put it to work for them making money while they went to sleep.
There was a quote by a trader on the forum - The Holy Grail that everybody looks for is within - in the mind of the trader. I much agree. More than 80% of the success in the market will come from trading psychology, money and risk management, position sizing, discipline, confidence in the system, experience etc. System will form the other 20%.
BTW without any clarity on what system you are using can say little else.
I hope you take this post in the manner it is intended.
Good luck.
hi
constructive criticism and suggestions will also be helpful for me.