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hammer backtest

weekly hammer backtest

Order Type

CNC/NRML

Position Type

BUY

Time Frame

day

Entry Conditions

Multitime frame completed(week, Close(0) higher than Open(0) ) and Abs( Multitime frame completed(week, High(0) ) - Multitime frame completed(week, Low(0) ) ) * 0.3 ) higher than Abs( Multitime frame completed(week, Open(0) ) - Multitime frame completed(week, Close(0) ) ) ) and Multitime frame completed(week, Close(0) ) higher than 50 and ( Abs( Multitime frame completed(week, High(0) ) - Multitime frame completed(week, Low(0) ) ) * 0.2 ) higher than Abs( Multitime frame completed(week, High(0) ) - Multitime frame completed(week, Open(0) ) ) ) or Abs( Multitime frame completed(week, High(0) ) - Multitime frame completed(week, Low(0) ) ) * 0.2 ) higher than Abs( Multitime frame completed(week, High(0) ) - Multitime frame completed(week, Close(0) ) ) ) ) and Multitime frame completed(day, OBV(0) ) higher than 50000 and Abs( Multitime frame completed(week, High(0) ) - Multitime frame completed(week, Low(0) ) ) ) higher than 0.0

BUY 1 share when Multitime frame completed(week, Close(0) higher than Open(0) ) and Abs( Multitime frame completed(week, High(0) ) - Multitime frame completed(week, Low(0) ) ) * 0.3 ) higher than Abs( Multitime frame completed(week, Open(0) ) - Multitime frame completed(week, Close(0) ) ) ) and Multitime frame completed(week, Close(0) ) higher than 50 and ( Abs( Multitime frame completed(week, High(0) ) - Multitime frame completed(week, Low(0) ) ) * 0.2 ) higher than Abs( Multitime frame completed(week, High(0) ) - Multitime frame completed(week, Open(0) ) ) ) or Abs( Multitime frame completed(week, High(0) ) - Multitime frame completed(week, Low(0) ) ) * 0.2 ) higher than Abs( Multitime frame completed(week, High(0) ) - Multitime frame completed(week, Close(0) ) ) ) ) and Multitime frame completed(day, OBV(0) ) higher than 50000 and Abs( Multitime frame completed(week, High(0) ) - Multitime frame completed(week, Low(0) ) ) ) higher than 0.0 at day candle interval using Candlestick chart chart. Enter trade between 00:00 to 23:59

Exit Conditions

SELL 1 share at stop loss % of 5 or target profit % of 50 with a Trailing SL % of 5 at day candle interval using Candlestick chart chart.

Stop Loss

5

Target Profit

20

Stocks

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    LTIM

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    LT

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    M&M

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    MARICO

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    MARUTI

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    ONGC

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    PIIND

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    PIDILITIND

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    POWERGRID

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    PGHH

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    PNB

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    RELIANCE

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    SBICARD

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    SBILIFE

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    SRF

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    MOTHERSON

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    SHREECEM

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    SIEMENS

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    SBIN

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    SUNPHARMA

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    TVSMOTOR

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    TCS

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    TATACONSUM

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    TATAMTRDVR

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    TATAMOTORS

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    TATAPOWER

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    TATASTEEL

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    TECHM

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    TITAN

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    TRENT

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    MCDOWELL-N

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    VBL

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