Signal on the option's own chart · BUY · loser · stopped back inside the range
09 Feb 2023expiry day
BUY ITM4 · 18,100 PE−₹1,537−₹1,437 before ₹100 costs
Entry9:35 BUY at 297.05 — the 9:30 candle closed above its own OR highExit274.95 — 9:50 candle closed back inside its own range — out at its close
exit rule
out at
why
BUY ITM4
no trail
9:55
back in range
−₹1,537
SMA 5
9:50
trail
−₹126
SMA 10
9:55
back in range
−₹1,537
SMA 20
9:55
back in range
−₹1,537
half-candle
9:55
back in range
−₹1,537
The signal, the stop and the trail are all read from this option's own candles — spot is not used. Strike fixed from spot at 9:15.
Backtest data, 5-minute candles. Gold lines = 9:15–9:30 opening range; blue line = the trailing SMA. Entry at the next candle's open. A failed breakout exits at the close of the candle that fell back inside; other exits at the next open. Printed prices only. 1 lot = 65, ₹100 per trade.