Signal on the option's own chart · BUY · loser · taken out by the trail

24 Sep 20242 trading days to expiry

BUY ITM4 · 25,750 CE−₹211−₹111 before ₹100 costs
Entry9:45 BUY at 251.55 — the 9:40 candle closed above its own OR highExit249.85 — 10:40 candle closed through the SMA 20 — out at 10:45
220.0240.0260.0280.0OR high 247.8 · stop: close back belowOR low 208.3EntryExit9:1510:0011:0012:0013:0014:0015:0015:30
exit ruleout atwhyBUY ITM4
no trail11:05back in range−₹347
SMA 510:15trail+₹667
SMA 1010:40trail+₹618
SMA 2010:45trail−₹211
half-candle11:05back in range−₹347
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.