RENKO Advance Option Trading Strategy | RENKO Strategy For BANKNIFTY | Trade4Wealth
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Why 3.5/5? (stars grade the EDGE — per-trade expectancy, consistency, drawdown — not the headline return)
- ✓ Strong per-trade edge: +0.32R expectancy across 3,869 trades
- ✕ Only 36% of trades win — the rare big winners must keep showing up
- ✕ 4 of 9 tested years were negative (2018, 2022, 2025, 2026) — the edge is regime-dependent
- ✕ Max drawdown -21% on the ₹2L portfolio — the compounded return came with deep pain along the way
Detected components (auto-read from transcript)
Claims it makes (quotes pulled from the transcript)
- “प्रेंड्स अमर्स निफ्टी अन्म निफ्टी अनलिसिस में आपका स्वागत है आज हम एक और एक बहतरी इंट्राडे स्ट्राटेजी देखने वाले है सेटप का नाम है रेंको प्लस सुपर ट्रेंड स्ट्रा”
Verdict
Auto-backtested. AI-decoded: Renko + Supertrend (7-3) + Awesome Oscillator intraday trend-following strategy on NIFTY/BANKNIFTY; entry when Renko green box forms, Supertrend flips bullish, and Awesome Oscillator turns green; exit Ran on 159 large/mid-caps, real costs. 3,869 trades, win 36%, payoff 2.78, expectancy +0.32R/trade (avg +1.80%/trade).
This is a real edge. The payoff is convex (winners run well past the average loser). Reasonably consistent (56% of years positive).
Mechanically decoded from the transcript and scored from the metrics. Flagged for human review; a hand-vetted verdict can override it.
🔴 Live forward test (no hindsight — only trades the rules fired AFTER we published this verdict)
Tracking since 2026-07-07 — no qualifying signals have fired yet. The engine re-checks every night on fresh data; results appear here the day the rules trigger.
Is it profitable? (green above the line = made money, red below = lost it)
₹2,00,000 portfolio (max 5 positions, across the stock universe — real delivery costs)
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| +11% | +4% | +51% | +11% | +0% | +21% | -1% | -5% | +0% |
Simulated on the 159 large/mid-cap universe. Capital-constrained, daily mark-to-market.
Year by year (every trade the rules fired, across the tested stocks)
| Year | Trades | Win % | Expectancy | Avg return / trade |
|---|---|---|---|---|
| 2018 | 252 | 31% | -0.25R | -1.86% |
| 2019 | 453 | 36% | +0.12R | +0.70% |
| 2020 | 397 | 53% | +1.22R | +10.78% |
| 2021 | 396 | 40% | +0.49R | +2.76% |
| 2022 | 570 | 30% | -0.05R | -0.60% |
| 2023 | 499 | 47% | +1.36R | +5.86% |
| 2024 | 489 | 27% | +0.05R | -0.08% |
| 2025 | 537 | 28% | -0.11R | -0.88% |
| 2026 | 276 | 28% | -0.20R | -1.18% |
Where this strategy made & lost money (the full stock-by-stock breakdown — 158 stocks, incl. 2026)
| # | Stock | Trades | Win% | Avg/trade | Best | Total | 2026 |
|---|---|---|---|---|---|---|---|
| 1 | ████████ | 21 | 38% | +4.1% | +47% | +86% | +47% |
| 2 | ████████ | 28 | 43% | +8.7% | +95% | +244% | +44% |
| 3 | ████████ | 22 | 23% | +1.1% | +43% | +24% | +38% |
| 4 | ████████ | 27 | 41% | +23.4% | +182% | +632% | +37% |
| 5 | ████████ | 24 | 42% | +8.9% | +83% | +213% | +36% |
| 6 | ████████ | 27 | 44% | +6.4% | +66% | +174% | +33% |
| 7 | ████████ | 11 | 27% | -0.7% | +23% | -8% | +28% |
| 8 | ABB free peek | 26 | 38% | +3.0% | +68% | +77% | +27% |
| 9 | ████████ | 23 | 57% | +7.3% | +55% | +167% | +24% |
| 10 | ████████ | 26 | 50% | +13.7% | +178% | +355% | +19% |
| 11 | ████████ | 16 | 31% | +4.2% | +55% | +67% | +19% |
| 12 | ████████ | 26 | 46% | +4.2% | +40% | +110% | +14% |
| 13 | ████████ | 24 | 42% | +2.4% | +53% | +57% | +14% |
| 14 | ████████ | 28 | 29% | +1.7% | +54% | +47% | +14% |
| 15 | ████████ | 27 | 26% | -1.7% | +17% | -46% | +14% |
| 16 | ████████ | 28 | 43% | +4.3% | +58% | +121% | +13% |
| 17 | ████████ | 26 | 42% | +2.1% | +21% | +55% | +12% |
| 18 | ████████ | 25 | 40% | +3.7% | +47% | +92% | +10% |
| 19 | ████████ | 23 | 48% | +2.1% | +20% | +49% | +10% |
| 20 | ████████ | 29 | 45% | +1.7% | +33% | +48% | +10% |
| 21 | ████████ | 8 | 38% | +3.3% | +37% | +27% | -23% |
| 22 | ████████ | 28 | 46% | +6.2% | +55% | +175% | -23% |
| 23 | ████████ | 26 | 23% | -0.1% | +29% | -3% | -16% |
| 24 | ████████ | 23 | 35% | +2.2% | +50% | +51% | -16% |
| 25 | ████████ | 24 | 42% | -0.2% | +22% | -4% | -15% |
| 26 | ████████ | 30 | 27% | +0.0% | +36% | +1% | -15% |
| 27 | ████████ | 30 | 17% | +0.1% | +61% | +3% | -15% |
| 28 | ████████ | 27 | 33% | +0.8% | +49% | +23% | -15% |
| 29 | ████████ | 29 | 34% | +1.2% | +38% | +36% | -15% |
| 30 | ████████ | 22 | 50% | +5.8% | +73% | +128% | -15% |
Educational backtest output only — not investment advice or a recommendation to buy/sell any security. AI-generated from stored historical data; not 100% accurate. Past performance is not indicative of future results.
On the index (same rules applied to NIFTY & BANKNIFTY)
| Index | Trades | Win% | Expectancy (R/trade) | Avg return/trade |
|---|---|---|---|---|
| NIFTY | 42 | 48% | +0.70R | +1.62% |
| BANKNIFTY | 40 | 48% | +0.49R | +1.50% |
Full transcript (1478 words)
💬 Trader reviews · community rating 3.0★ from 1 review
Thanks for backtest, i tried it and lost money in past.
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