Quick APARINDS (APAR INDUSTRIES) long trade
Updated
Just for fun and in case anyone who follows me is from India, I thought I'd take a crack at a Nifty stock.
APARINDS is oversold at the bottom of an upward channel going back to the beginning of the year. Since then, my algo entry along with my FPC exit strategy would be 17-0. Given its uptrend, I'm not that impressed, but I try not to throw out dogs, in case anyone trades this exercise in edutainment (you should always do your own research and choose suitable investments).
I'll add more if it stays oversold and sell any lot at the first profitable close, though being in the US I think I'll be asleep at the close in India, so you'll just have to imagine I sell profitable lots at the close or buy new ones then on an oversold day.
Its price is currently 8802.2
APARINDS is oversold at the bottom of an upward channel going back to the beginning of the year. Since then, my algo entry along with my FPC exit strategy would be 17-0. Given its uptrend, I'm not that impressed, but I try not to throw out dogs, in case anyone trades this exercise in edutainment (you should always do your own research and choose suitable investments).I'll add more if it stays oversold and sell any lot at the first profitable close, though being in the US I think I'll be asleep at the close in India, so you'll just have to imagine I sell profitable lots at the close or buy new ones then on an oversold day.
Its price is currently 8802.2
Trade active
In theory, I would have added another lot at the close at 8734.45 - still oversold.Note
In the interests of transparency and in light of the 11+ hour time difference, if the price today closes above 8734.45, I would be selling the lot from yesterday at the close. If it closes above 8802.2, the entire position would be closed. As of this moment as I write this, the price is at 8961 so both lots would be sold if it closed at this price. I'll update tomorrow morning when I wake up, but the chart will tell you what that update will say. Good luck to anyone long this one!Trade closed: target reached
Entire position closed at the close 8958.15 Not that I'm at all surprised, but I'm happy to know this system can work on both foreign and domestic stocks. I won't lie, I did play around with it a little on Indian stocks before I threw this idea out here, so I knew it would work basically the same way it does on US stocks. If anyone sees this and wants to suggest another market to try it on, I'd be happy to give that one a shot too. I'll let this secret out of the bag now - I've been backtesting it on 
BTCUSD and it performs similarly there too, so far. More coming on that soon. Congratulations to APARINDS on passing my "test". I'll summarize the trade below as I always do for my records. Happy (profitable) trading everyone!! Note
Trade summary for my records
Wins 2
Losses 0
Lot 1: +1.8% in 2 trading days
Lot 2: +2.6% in 1 trading day
Avg gain per lot = +2.2%
Avg holding period per lot = 1.5 trading days
Avg gain/lot/day = +1.47%
Avg annualized return = 1.47% x 250 trading days (India is different, I guess) = +367.5%
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