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Fry-day & 20 day low closing on NIfty ( indian market)

Jan. 14, 2011 7:10 AM ETINDY
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tradeiqin's Blog
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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
Losers 10
Profitable(%) 68
Avg Trade(%)
Profit Factor 4.9
Outlier Adjusted Profit Factor 3.6
Largest Gain(%)
Largest Loss(%) -3.46
Avg Gain(%) 2.85
Avg Loss(%) -1.34

* based on the latest 10 years of Nifty cash index OHLC data
for more performance summary details around the pattern

Disclosure: I am short INDY.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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