Your idea: 1. Mark the opening range 9:15–9:45 AM Record the highest price and lo… — backtested on Indian market data | FakeTrades
FakeTrades.in
← all strategies
Y

Your idea: 1. Mark the opening range 9:15–9:45 AM Record the highest price and lo…

💡 Described strategy
Analysed 01 Oct 2026, 12:19 PM IST
★☆☆☆☆ 1.0 / 5

Detected components (auto-read from transcript)

Opening range

Verdict

Real option-buying backtest. Decoded entry: an opening-range breakout on NIFTY 10-min bars → buy the ATM weekly CE (long) / PE (short), stop 30% / target 60% of premium, square-off by 15:15. Priced on real 1-minute NIFTY option premiums (GFDL, 2015–2026 — every tick of theta, IV crush and gamma is inside these prices), real charges and spread. The video trades BANKNIFTY; NIFTY weeklies are the closest instrument we have real premiums for, so the same rules were run on NIFTY.

1,884 trades on ₹1L: net -120.2% over 12 years (-10.0%/yr, loses money), win 39%, payoff 1.46 (avg win ₹2,826 / avg loss ₹-1,941), max drawdown -188%, worst trade ₹-8,876. 2015: ₹+3,115. 2016: ₹-15,771. 2017: ₹-29,096. 2018: ₹+5,666. 2019: ₹+19,286. 2020: ₹+7,433. 2021: ₹+66,552. 2022: ₹-75,593. 2023: ₹-78,053. 2024: ₹+56,514. 2025: ₹-56,367. 2026: ₹-23,924.

Option buying is convex — low win-rates are normal; the question is whether winners outrun the premium bleed. Backtested on 12 years of minute-level premium data (2015–2026; monthly contracts before 2019 — weeklies didn't exist; constant 65-unit lot); entries tested intraday as taught. Flagged for human review.

See strategies that scored 4★+ →
Know someone trading this?

Is it profitable? (green above the line = made money, red below = lost it)

Year by year (every trade the rules fired, on real NIFTY option premiums — 1 lot, ₹1L)

YearTradesWin %Net P&L
20156745% ₹+3,115
201611841% ₹-15,771
201714540% ₹-29,096
201813942% ₹+5,666
201914544% ₹+19,286
202015837% ₹+7,433
202124442% ₹+66,552
202219235% ₹-75,593
202318731% ₹-78,053
202415440% ₹+56,514
202523239% ₹-56,367
202610341% ₹-23,924
Full transcript (98 words)
1. Mark the opening range 9:15–9:45 AM Record the highest price and lowest price made during this period on the Bank Nifty index chart. 2. Wait for a confirmed breakout After 9:45 AM, watch the 3-minute chart. A candle closing above the opening-range high is an upside breakout; a candle closing below the opening-range low is a downside breakdown. 3. Select the option direction Close above the range high → consider buying a Bank Nifty CE. Close below the range low → consider buying a Bank Nifty PE. These are directional signals, not guarantees of a profitable trade.

💬 Trader reviews (traded this? tell others what really happened)

No reviews yet — be the first. Real experiences help other traders more than any backtest.

User opinions, not investment advice. Reviews are moderated before publishing.

Results are AI-generated from stored historical market data and are for educational purposes only — they cannot be treated as 100% accurate, nor as investment advice or a recommendation to buy or sell any security. Strategies from non-Indian markets are also backtested on Indian market data only. Past performance does not guarantee future results.