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#TRADING
#BANKNIFTY Pivot + vwap trading system
A) Short - 1) close less than ema200, prev day vwap, cam l3, floor pivot low; 2) distance between prev day vwap and cam l3 & floor pivot low should not be more than 1.5% (to avoid over extension); 3)vwap less than ema200
OR
--1/n
#BANKNIFTY Pivot + vwap trading system
A) Short - 1) close less than ema200, prev day vwap, cam l3, floor pivot low; 2) distance between prev day vwap and cam l3 & floor pivot low should not be more than 1.5% (to avoid over extension); 3)vwap less than ema200
OR
--1/n
...................2/n
B) Price high crosses down weekly pivot high.
OR
C) Price crosses down camarilla h3 and candle low is lower than prev candle low.
B) Price high crosses down weekly pivot high.
OR
C) Price crosses down camarilla h3 and candle low is lower than prev candle low.
Position taking between 945 am till 245 pm.
Cover at close or when price crosses 2 std deviations above current vwap or when price crosses weekly pivot low from downwards or when price crosses daily pivot low from downwards.
Cover at close or when price crosses 2 std deviations above current vwap or when price crosses weekly pivot low from downwards or when price crosses daily pivot low from downwards.
Backtest results since feb 2019 :
Annual return 43%
Drawdown 2.6%
Profit factor 1.9
Winning trades 50%
Timeframe 5 min chart
Annual return 43%
Drawdown 2.6%
Profit factor 1.9
Winning trades 50%
Timeframe 5 min chart
Intraday data for Bnf futures not available before 2019 for increasing the sample size.
