Testing the intraday strategy
Risk is when HSI index moves below lower limit between 915am to 930am when you long, vice versa when you short.
Risk per trade is $210 (10%)
account balance now is $2100
Using warranty sensitivity and gearing, the excel sheet calculates the number of pips i have before hitting the stop loss level.. Hence using that, I can calculate the position sizing.
Entry: When index moves beyond either the upper or lower limit.
- Cut loss – when it moves to the opposite limit.
- 1hr and 4 hr trend changes *to work on.
Further issues to work on:
- Determining at what range of limits when no position should be initiated.
- Plans for adhoc action