@Ravi Shinde I don't have the stats right now, but for sure it's not good. I'm experimenting with it to see whether the Intraday trading style suits my temperament or not. After practicing the setup for almost 2 and half months I have realized following things from my own experience.
- Lower the TF, Higher the Whipsaw's.
- Trading psychology plays a lot in short term trading. I have broken trading rules of position sizing, risk mgmt. etc. due to greed, to cover losses, revenge etc.
- Profits booking is another thing, I struggled with. As during consolidation, risk: reward is not favorable. I have observed it's less than 1R.
- With so many SL's hit, I lose confidence and struggled with trend riding and capturing trending moves as well, so probably a good trending move of 3R, I might have captured.
- Mistaken, intraday trading is easier to mint money from market using Algo. It requires a good amount of time, energy & emotions.
Thanks for asking the questions, I'll get back to you with the actual trade's stats.