Signal on the option's own chart · SELL · loser · worst 10% of 1,179 trades
22 Jan 20251 trading day to expiry
SELL ITM4 · 23,300 PE−₹2,300−₹2,200 before ₹100 costs
Entry9:35 SELL at 202.75 — the 9:30 candle closed below its own OR lowExit236.60 — 9:40 candle closed back inside its own range — out at its close
exit rule
out at
why
SELL ITM4
no trail
9:45
back in range
−₹2,300
SMA 5
9:45
back in range
−₹2,300
SMA 10
9:45
back in range
−₹2,300
SMA 20
9:45
back in range
−₹2,300
half-candle
9:45
back in range
−₹2,300
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. Selling profits when the option falls.
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.