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Heikin-Ashi + MACD monthly credit spreads backtest: does it work after costs?

We coded the heikin-ashi + macd monthly credit spreads strategy exactly as taught in a public video and ran it on NIFTY monthly, 2017-06 to 2026-10, with real charges. Our test: ₹2.04 L after real costs. As taught, the rules made about ₹2.04 lakh per lot from Jun-2017 to Oct-2026, including a ₹60k loss in 2021.

Net after costs
₹2.04 L
Win rate
—
Worst drawdown
−₹86,108
Reality Score
72/100

The rules, as taught

On a 2-hour Heikin-Ashi NIFTY chart with MACD (12,26,9), a bullish crossover followed by a break of that candle's high opens a bull put spread, and a bearish crossover plus break of the low opens a bear call spread. Monthly expiry, net credit 90–145, legs up to 500 apart, always in the market via stop-and-reverse, rolled to next month in the third week. Assumptions: 1 lot at each expiry's lot size, 500-wide spreads, candles from 09:15, nearest credit taken if none fits the band.

What the video claims, and what we found

Claim: Roughly ₹28k (2022), ₹3.37 lakh (2023), ₹1.44 lakh (2024) and ₹3.47 lakh (2025) on ₹6–7 lakh capital.

For 2022–25 we got ₹1.38 lakh per lot, about ₹9.65 lakh at ~7 lots versus the claimed ₹8.56 lakh; the year-by-year split differs and the video gives no lot count or trade list.

See the full results, charts and every trade

Questions people ask

Does the Heikin-Ashi + MACD monthly credit spreads strategy work?

Partly. As taught, the rules made about ₹2.04 lakh per lot from Jun-2017 to Oct-2026, including a ₹60k loss in 2021. Tested on NIFTY monthly, 2017-06 to 2026-10, after real costs. Reality Score 72/100.

What is the win rate of the Heikin-Ashi + MACD monthly credit spreads strategy after costs?

We did not count a per-trade win rate for this one; the net result after real charges was ₹2.04 L with a worst drawdown of −₹86,108.

How much did it make or lose in the backtest?

Our test: ₹2.04 L after real costs. Over 2017-06 to 2026-10 (1 lot (lot size of each expiry)), the net after charges was ₹2.04 L and the worst fall from a peak was −₹86,108.

What exact rules were tested?

On a 2-hour Heikin-Ashi NIFTY chart with MACD (12,26,9), a bullish crossover followed by a break of that candle's high opens a bull put spread, and a bearish crossover plus break of the low opens a bear call spread. Monthly expiry, net credit 90–145, legs up to 500 apart, always in the market via stop-and-reverse, rolled to next month in the third week. Assumptions: 1 lot at each expiry's lot size, 500-wide spreads, candles from 09:15, nearest credit taken if none fits the band.

How was the Heikin-Ashi + MACD monthly credit spreads backtest done?

On 1-minute exchange data since 2017, signals filled at the next minute's open, with real broker charges, STT, exchange fees, SEBI fee, stamp duty and GST, and the lot size of each date. Rules exactly as taught; gaps we had to fill are stated. Full method on our How we test page.

Run it yourself — coming soon

These rules use features our public backtester can't express exactly yet, so we won't pre-fill an approximation. Build your own idea in the meantime.

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