Success rate of 'Short' call is low. Only 42% trade succeeded. I guess this area could be further improved in algo for gaining 'real' profit.
syam-mohan-vs
⋅
@akshay1808, This is a trend following system. Market trends only around 35-40% of the time. So the accuracy of the system (any direction) is in tune with the trending probability. Beside in this system there is no bias towards the long or short side which gives the system an edge, if you ask me, irrespective of the market direction.
akshay1808
⋅
@syam-mohan-vs, Can you check this algorithm in an hourly chart pattern. I guess the 'percent profitable' and 'profit factor' both will increase. Just a guess.
rteppala
⋅
Tomorrow market might be opening in positive.
syam-mohan-vs
⋅
@rteppala, It could. My philosophy is simple. Follow the trading system and do not worry about anything else. We have here a system with proven track record from 1990. Besides what ever happens tomorrow am not going to loose more than Rs.15975 per lot.