Signal on the option's own chart · BUY · loser · worst 10% of 1,016 trades

29 Feb 2024expiry day

BUY ITM4 · 22,150 PE−₹2,889−₹2,789 before ₹100 costs
Entry10:15 BUY at 303.35 — the 10:10 candle closed above its own OR highExit260.45 — 10:25 candle closed back inside its own range — out at its close
150.0200.0250.0300.0OR high 277.3 · stop: close back belowOR low 211.3EntryExit9:1510:0011:0012:0013:0014:0015:0015:30
exit ruleout atwhyBUY ITM4
no trail10:30back in range−₹2,889
SMA 510:30back in range−₹2,889
SMA 1010:30back in range−₹2,889
SMA 2010:30back in range−₹2,889
half-candle10:30back in range−₹2,889
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.