This document outlines a swing trading strategy for commodity futures markets, where traders take long positions if the high of the previous day is broken and short positions if the low is broken, holding those positions overnight rather than closing them at the end of each day. The next day, traders stay in their existing positions if the high or low is again broken but close out and open a new position in the opposite direction if the low or high is breached instead.
This document outlines a swing trading strategy for commodity futures markets, where traders take long positions if the high of the previous day is broken and short positions if the low is broken, holding those positions overnight rather than closing them at the end of each day. The next day, traders stay in their existing positions if the high or low is again broken but close out and open a new position in the opposite direction if the low or high is breached instead.
This document outlines a swing trading strategy for commodity futures markets, where traders take long positions if the high of the previous day is broken and short positions if the low is broken, holding those positions overnight rather than closing them at the end of each day. The next day, traders stay in their existing positions if the high or low is again broken but close out and open a new position in the opposite direction if the low or high is breached instead.
2. If high break, take buy position. If low break, take sell position. Its a swing trading, so do not close the position at the end of the day. 3. Next day again, mark high and low of previous day. 4. If you are already in buy position, stay in the trade if high break. Similarly, if you are already in sell position, stay in the trade if low breaks. 5. If you are long and if low of previous day breaks, close the buy position and take fresh sell position. Vice versa for short.
Please refer to the file "MCX trading backtest.xlsx"