Futures on The Algo Bench

Supertrend(10,2) on NIFTY: a simple trend-following system

Thu, 08 Oct 2026 00:00:00 +0000

The idea

Supertrend is one of the most popular trend indicators among traders: a line that sits below the price in an uptrend and above it in a downtrend, flipping when the price closes through it. Used as a complete system, you are always in the market: long while it points up, short while it points down, reversing at each flip.

Connors' Double Seven on NIFTY: underperformer even with a high win rate

Wed, 07 Oct 2026 00:00:00 +0000

The idea

Larry Connors’ Double Seven is one of the best-known short-term mean-reversion rules. In a market that is trending up, buy when it closes at a fresh 7-day low, and sell when it closes at a fresh 7-day high. The idea is that short pullbacks inside a long-term uptrend tend to snap back. The rule was popularised on US index ETFs. We wanted to see whether it carries over to NIFTY.

ORB on NIFTY: an edge on the index that you cannot profit from

Wed, 07 Oct 2026 00:00:00 +0000

The idea

The opening-range breakout (ORB) is one of the oldest intraday ideas. Mark the high and low of the first 15 or 30 minutes. If price breaks above the range, go long; if it breaks below, go short. The logic is that the opening auction sets the day’s battle lines, and a decisive break shows which side won.

Trading the untradable index

Wed, 07 Oct 2026 00:00:00 +0000

The trap

The NIFTY 50 index is a calculated number, not something you can trade. When a backtest buys and sells “NIFTY” at the index’s own 1-min or 5-min high, low and close, it assumes fills at prices that may never have existed on any tradeable instrument. Real trades happen in futures, options or a synthetic future (a long call plus a short put at the same strike, which behaves like a future).