Hello readers, Today is the first test report of our EMA strategy. I am ready with all the data so let get into it. We get total three trade in bank nifty which fulfil the criteria of this strategy. We will do analysis of each trade. I have attached the screenshot for better understanding so first view the image and comment me if you find also this trade.
Trade 1: If you see the alert candle of trade 1 you find it as dogi candle and this is good with our setup. As the market break the dogi candle low we enter in trade with stop loss above alert candle and target as 1:2. Since the candle was going in flow so we can wait for big profit also.
Summary : Entry :43944 Stoploss: 43975 Target : 43863
Result : Target achieved Points : +81
Trade 2: In Second trade, we find the alert candle and make the entry as according to our setup but it result in stop loss hit. Always ready to give stop loss if you want to sustain in market for long run.
Summary : Entry :44018 Stoploss: 44060 Target : 43913
Result : Stop loss hit Points : -42
Trade 3: After waiting for long time, we get third trade at 2:05. The alert candle is above theEMA line as per the setup condition. So we enter in trade when the alert candle break and wait for our target since market closing time is nearer so it gives the fast move.
Summary : Entry :44084 Stoploss: 44108 Target : 43961
Result : Target achieved Points : +123
So if we look at the total point we capture today = +163. We close day 1 in green. Great ✌️.