A commodity trend following system backtested with MCX silver futures. It works on hourly charts and generates long and short signals based on price movement.
Rules
1. Take all signals
2. Extensively backtest before placing any live trades
3. Keep in mind the capital required and position sizing based on backtest metrics.
Always trade using 5 mins Time frame of chart.
For Buy entry always buy 1 point above the candle closing price & SL would be previous candle low or 30 points.
For Sell Entry Always Sell 1 point below the candle opening price & SL would be previous candle high or 30 points.
Do not take trades using 3 mins Time frame, as there is lot of noise. It works best with 5...