Getting a lot of hate and negativity in DM's regarding whatever I have said on 9:20 straddle.

A thread on my opinion, and an experiment that I did.

Going to be a long one, I hope you don't get bored.

1/n

I ran a random simulation on excel, which would toss a coin 726 times (because there are ~750 working days in 3 years and I had data for only 726 days).
Each output would print either Heads/Tails.
I have defined Heads as bullish, Tails as bearish.

2/n

If the outcome is heads, I would buy ATM CE at 9:20, and if tails, I would buy ATM PE at 9:20.
Basic 10th math - 50% chance of a coin toss returning heads or tails. So if I can get a R:R of > 1:3, I might be able to make this random simulation profitable.

3/n

So the other parameters were :
1. Only 1 trade at 9:20 everyday, with fixed SL and target.
2. SL 50% of prem, target 4X of SL.
Ex : I buy ATM CE @ 100, my SL is 50 and target is 200.
3.If neither SL or target hit, exit at 3:25.
Here are the backtest results 👇👇

Just one trade every morning, no analysis needed, with fixed SL and target in system. Completely random simulation, could've resulted anything, but it is giving a CAGR of 80% !!
Would you trade this backtest result?
If you didn't know the logic, why wouldn't you trade this?

5/n