Many times we would have noticed violent move in #BankNifty post 2pm, specifically on #Expiryday. What if we trade based on this breakout. Rules are
1. check day high and low at 2pm,
2. After 2pm, if day high is crossed - Buy,If day low is crossed Short,
3. Keep 100 points SL
If we traded his #TradingStrategy every day, it has returned more than 7600 points since the inception of #BankNifty weekly expiry, i.e from 2016 June to till date. with max drawdown of -900 points.
If you dig deep, you can observe that Long trades has returned more returns than Short trades, that too on #expirydays, short trades has given negative returns.
Another impressive thing is, if you traded this strategy only on #banknifty #expiryday, you end up making 1747 points from only 48 trades with average 36 points profits per trade with only 300 points #drawdown
To make it much easier, we have been sending free #automatedtrading alert through #Telegrambot daily in our Telegram channel, where @zerodhaonline or @upstox users can directly place trades instantly. #zerodha #upstox #tradingbot #algotrade #tradingsystem #bankniftyfuture
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