created : 1 week ago| | live deployment: 2
Strategy description
Midcap Nifty Technical Confluence Strategy
This strategy operates on the Midcap Nifty spot chart via TradingView Pine Script, capturing high-probability setups through a confluence of RSI, MACD indicators and zig-zag pattern to identify MSS.
Performance Highlights
| Metric | Value |
|---|---|
| Backtest Period | 21 Jan 2022 – Present (3.5 years) |
| Total Profit | ₹31 Lakhs |
| Position Size | 140 qty (1 Midcap Nifty futures lot) |
| Win Rate | 75% |
| Risk-Reward Ratio | Based on TSL and MSS |
Core Logic / Indicators Used
- RSI: Momentum filter to avoid overbought/oversold traps
- MACD: Trend confirmation and entry filtering
- Time Frame: 15 Mints T F used to capture right trade/average 25 trades in a Month
- Entry Logic: Multi-indicator alignment
- Exit Logic: SL or target hit based on 0.2% of trailing SL or MSS
Risk Management
- Stop Loss: Defined per trade
- Target: 3× stop loss
- Drawdown Control: Low exposure per trade
Profit Potential
- Avg Monthly Profit: 12%–25% over 4+ weeks live
- RR Ratio: 1:3 maintained
Automation Setup
- Signal Generation: TradingView Pine Script
- Execution: Tradetron via webhook/API
Who Should Use
- Intermediate to advanced traders seeking systematic exposure to Midcap Nifty
- Those preferring rules-based, data-driven strategies
- Traders aiming for long-term consistency rather than high-frequency entries
Final Notes
Past performance does not guarantee future returns. Deploy on paper trading for a few days/weeks before going live, and monitor performance closely.
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