As of now, there hasn’t been a comprehensive analysis or report available for this strategy. In this section, we will walk through a detailed, step-by-step backtesting process of this well-known strategy, providing a thorough and clear explanation at each stage.
In the realm of market dynamics, it is imperative to consider micro conditions that can significantly influence the stability and effectiveness of our strategy.
Consequently, it is prudent to consider an entry point at a later juncture, specifically at 10 minutes past the market’s opening, which typically aligns with 9:25 am.
It is essential to note that Gann’s strategy is not inherently bound by specific timeframes but operates autonomously.
Our choice of timing is rooted in a holistic analysis of market behavior and practical considerations influenced by technological constraints.
In the context of an intraday trading strategy, it is crucial to establish clear exit time conditions to optimize our trading approach.
Our focus is on intraday trading within the Indian market, where the trading day concludes at 15:30.
However, it’s essential to be aware that brokers have the discretion to trigger autosquare off procedures at unpredictable intervals after 15:15.
Note that – We still get 4-5x leverage on stocks trading in intraday. So, lets cose the trade at 15:10. Note that the choice of the time is arbitrary.
Considering the above, we recommend closing the trade at 15:10. It’s important to note that this specific time selection is somewhat arbitrary.
Despite this, it allows us to operate within a timeframe that avoids potential autosquare off actions by brokers.
So, in short, If the trade is running and does not hit stop loss o r target, it will be auto squared off at 15:10
Lets say, We want to deploy the strategy with Reliance equities. So, What is the exact step by step procedure?