Your idea: Williams levels (back-up bot) • Prior day's range (R): yesterday's hi… — backtested on Indian market data | FakeTrades
FakeTrades.in
← all strategies
Y

Your idea: Williams levels (back-up bot) • Prior day's range (R): yesterday's hi…

💡 Described strategy
Analysed 28 Oct 2026, 03:39 PM IST
⏳ Backtest pending — a data-backed verdict will be attached.

Verdict

Not auto-backtested — honestly, we can't. AI-decoded: Intraday option buying (CE/PE) triggered by Williams levels (prior-day range breakout) with 30% SL and 1-min bar exit logic; conditional on gap-and-go bot state.

We give real option backtests only for fixed-entry option-selling structures (weekly credit/ratio spreads) priced on real cached NIFTY premiums. This one is directional option BUYING (needs intraday/tick option data), which needs intraday/tick option data and a chart-signal engine we don't have — so we show no number rather than a misleading proxy. Flagged for a hand-built review.

See strategies that scored 4★+ →
Know someone trading this?
Full transcript (172 words)
Williams levels (back-up bot) • Prior day's range (R): yesterday's highest minus lowest 1-minute close. • Levels: today's open + 0.5 × R (buy CE) and today's open − 0.5 × R (buy PE). • Trigger: the first 1-minute close beyond either level, from the hand-over minute until 14:29. • It only trades when the gap-and-go bot stood down with "opposite_first" or "filled", and only when the gap is under 0.2% or 0.5% and above. Not after "no_break", and never on 0.2–0.5% gap days. • Entry: next 1-minute bar, 150-point in-the-money weekly option. 3. Exits (same for both bots, on the option premium) • Stop-loss: exit when the premium falls to 70% of the entry price (−30%). • Trailing stop: once the premium has been above 105% of entry, exit if it falls to 80% of its highest point (20% pullback). • Time exit: flat at 15:15 if neither stop has hit. • Stops are checked on 1-minute closes; the exit fills on the next bar. One position per day at most.

💬 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.