vikas chauhan 67 Algo life
I find the algo trading quite practical as it helps filter out the human emotion that can hugely impact in taking correct trading decisions.
Presently i have my strategy deployed on tradingview . Having backtested it on 4 years on NIFTY index data i have started using it . There is no repainting of signals so the backtesting tesults are accurate.
I am able to produce 25000+ nifty points with a profit facotr of 3x and drawdawn of only 0.31% .
25000X75=18.75 lkh rupees in 45 months so i expect it to go to 20 lakhs by end of 2020.
Trading with 142000 rupees converted to almost 19 lakhs in 4 years( backtesting), Now , i have jsut started with real money and want to see how it behaves in near futures
Since its based on NIFTy spot result might vary a bit in NIFTY FUTURES, still in worst case scenarios that strategy has never lost money .
Average points per trade is more than 28 which can vary in live trading. Currently its 28.9 as per last trade on oct-5.
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so once the alerts is generated from the trading view .. the api bridge will prompt me to buy on limit price ?