Fry-day & 20 day low closing on NIfty ( indian market)
Here are the trading rules
1) Today Friday &
2) Today Close " Bottom 20 % of the day`s Range " &
3) Today " 20 day Low Close"
4) Entry @ Close
5) Exit @ next trading day Close
Preference "Short"
Total Trades 31
Winners 21
Losers 10
Avg Trade(%) 1.5
Outlier Adjusted Profit Factor 3.6
Largest Gain(%) 12.24
Largest Loss(%) -3.46
Avg Loss(%) -1.34
* based on the latest 10 years of Nifty cash index OHLC data
for more performance summary details around the pattern
http://tradeiq.in/persum.php?dt=2011-01-14&pattern_id=30&val=0&id=0
Disclosure: I am short INDY.
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