Thread by @dmdsplyinvestor

Nifty Strategy for educational purpose only:
Not sure how many will benefit from this system, but if one does I can assure you that you will make money in the long run.

Why am I doing this? To make you aware that simple strategies with a few lines of code will work. 1/n

Let me show you the backtested statistics before the strategy.

- Nifty positional strategy tested on Tradingview spot data
- Lots considered throughout Backtesting - 1 lot
- Indicator used - CCI(50)
- Hourly Timeframe
- commission & slippage - 0.03% deducted per leg 2/n

1) Time period tested - 01.01.2014 to 30.06.2020. Didn't include current trade that is running on 378 points.
2) Initial capital considered - 300,000 (2x drawdown included)
3) Ending capital - 872209
4) Nifty Points earned - 7629.51
5) Commission & slippage points- 1477.65 3/n

4) CAGR - 17.92%
5) Drawdown - 10.43%
6) Calmar - 1.72 3/n
7) Profit Factor - 1.90
8) Risk:Reward - 2.98
9) Expectancy - Rs. 2209
10) Total trades - 259
11) Profitable - 39%
12) Biggest loser - (26291)
13) Biggest winner - 78057 4/n

Tradingview strategy tester results snapshot 5/n

Equity and drawdown curve 6/n

Strategy code:
//@version=4
strategy("CCI Nifty", shorttitle="CCI Nifty",overlay=true,commission_type=strategy.commission.percent, commission_value=.03)
Long=crossover(cci(close,40),0)
Longexit=crossunder(cci(close,40),0) 7/n

strategy.entry("Long",strategy.long, when = Long == true,stop=high)
strategy.close("Long",when = Longexit == true) 8/n

Note: I do not trade this strategy. If you don't understand any of the parameters, please google. RT for the benefit of beginners 8/n

Please note this is a long only System. #Nifty #positionaltrading #Niftyfutures #backtesting #systemtrading #trading #compounding #tradingview

Some other statistics:
Absolute return - 191%
Average trades per month - 3.32

Yearwise Profits. Average yearly profits - 1090 points