MCX Gold Futures Intraday Trading Plan

Mandatory immediate Trading pause IF even ₹1 taken as credit from Emergency Fund or ETFs trading capital, until repaid 100% back to EF

IF even ₹1 taken as credit from Emergency Fund (physical cash/FD), to cover any expense ranging from household to medicare, trading to miscellaneous then intrady trading will be paused. intraday trading would resume only after 100% credit taken repaid back to Emergency Fund from ETFs trading 40% profits payouts.

Mandatory Pause Before High-Risk Actions
(OR)
protect principal amount from Impulsive Trade

Mandatory 1-minute pause, to build discipline into one's nervous system.

1. place keyboard & mouse aside on the trading desk
2. Hands off, keep hand over lap, one over another, inward out, like a monk
3. Breathe
4. Ask oneself: is this action respecting trading plan discipline rules. IF answer is YES only then proceeds, otherwise step back immediately
5. Recall: If principal amount is lost, one must restart with 1 lot for next 100 trades.
6. Remember: Ego acts, but it won't be present during the suffering. oneself must carry the weight alone. Trade another day. This is a lifelong game.

Implement when

1. ENTRY Taking a position
2. EXIT SL order create/update (except SL placed immediately within 3 seconds after taking ENTRY)
3. EXIT TARGET order create/update

Protocol to follow when feel tempted to break rules

immediately logout the terminal & shutdown the laptop/computer.
(OR)
IF still tempting then remember that 50% of remaining principal amount, FDMCXGoldFuturesIntradayTrading be EXITED and redeployed to zerodha for ETF trading

When rules are broken but market allows BREAKEVEN EXIT

1. Immediately EXIT
2. Refocus
3. Let the discipline system carry the consequence
4. Respect trading plan.
   Respect one's time.
   Respect one's journey.
5. One don't need to burn hands on the stove each time to remember it's hot.
   Just feel the heat once. Step back, adjust. reEnter mindfully.
6. One is here to trade presence.
   presence acts in truth.

Respect Randomness in Trading

Think of randomness as a silent force : ) neither good nor evil, but indifferent. It doesn't care if one is a beginner or a pro. It just is. It rewards & punishes without reason & that's what makes it so dangerous if unprepared.

But here's the truth: being scared is a awareness & awareness is first weapon. can't stop randomness, but may build armor against it:

1. Risk management is one's body armour
   (risk per trade <= -0.89% )
2. Trading plan is one's sword
   (systematic entries, exits, humbly accept risk)
3. Emotional control is one's helmet
   (staying calm through drawdowns, mindfully letting FOMO entries being missed)
4. Position sizing is one's lifeline
   ("make or break" situations are nightmare where randomness for sure eat precious capital, protect precious capital by proper position sizing such that risk is <= -0.89% per trade & keep trading everyday for rest of life)

A samurai respects the battlefield, prepares for it & survives through discipline.
That's how to deal with randomness. by becoming so disciplined that over the long term it becomes one's ally.

face randomness with calmness & clarity.
respect its power & protect one's principal amount.
one's trading journey is defined by discipline & consistency.
Discipline is edge,
Risk Management is shield,
Survival by staying in a game till last breath is victory.

Mandatory to draw 1.5% unrealized profit line

calculations already added to qtyCalculator giving exact level where to draw 1.5% unrealized gain marking line and where to place breakeven SL

breakeven SL EXIT placement immediately after market touches 1.5% from ENTRY orange dotted mark line

Objectives:
To shield the principal amount from drawdown when the market reverses. protects from unnecessary drawdowns, It activates only when strength is shown and within a limited time window. thus provides the ability to trade another day of life.

After ENTRY (02:00PM to 05:00PM)
IF (unrealized gain >= 1.5% before 05:00PM) THEN
 immediately TRAIL original SL to (ENTRY Price + N ticks).
 So that if SL hits, the net realized P&L remains >= ₹0 (breakeven or small positive).
where:
N = Minimum ticks required to fully cover brokerage & transaction charges

trade will now either:
 a. Reach its predefined TARGET, or
 b. EXIT at the trailed Stop Loss thus preserving capital.
Trailing only allowed after 10:00PM based on previous 5m candle LOW/HIGH

(calculations made in qtyCalculator, it automatically tells breakeven SL placement value)

Stop Loss Philosophy: Commander, Soldier and the Safety Rope

In every mission, a wise commander sends a trained soldier into the battlefield, to fulfill a purpose with discipline and precision. The battlefield is unpredictable, filled with unknown movements, shifting conditions, and sudden turns. Before deployment, the commander attaches a safety rope to the soldier. This rope is an act of foresight. Its function is simple: to bring the soldier back safely if the field turns volatile beyond the acceptable risk.

In trading,
a. principal amount is the soldier, deployed into the market with intention.
b. trader is the commander, grounded, watchful, strategic.
c. stop loss is the rope, set with care

When the stop loss is triggered, it is the system pulling the rope. a clean and conscious retrieval of the principal amount. Just protection in action.

The mission is still alive.
The capital is preserved.
The commander regroups, reviews the battlefield, and prepares for the next opportunity, next day.

This is wisdom.
This is protection.
This is trading with clarity, trust, and respect for the capital entrusted to the system.

Each time rope pulls the soldier, the system has done its job.
The commander remains steady.
The soldier returns safe.
The campaign continues with strength and presence.

Maximum Risk per Trade

<= -0.89% of principal amount (0% to -0.89%)

Minimum required Reward per Trade

2% of principal amount after covering brokerage & transaction charges

Maximum allowed trades per day

Only One

Maximum loosing streak system can handle risking -0.89% per trade

231 back to back, still ₹5k remains at the end

When may update Risk:Reward?

only after the 100 trades sample completed

What is survival plan?

1. Risking <= -0.89% per trade
2. IF risk in any trade is > -0.89% then Immediately Payout and redeploy in Zerodha ETFs positional trading
   1. 50% of remaining principal amount
   2. EXIT 100% FDMCXGoldFuturesIntradayTrading
3. Minimum Risk:Reward of -0.89%: 2% (after covering brokerage & transaction costs)
4. Consistently taking 40% profit PayOuts as reward to oneself as pocket currency on winning trades
5. Limiting max account size to 10% of net worth. This way having comfort of mind
6. Taking payout of 60% profits, if account size is already maxed then investing in
   1. FD MCXGoldFuturesIntradayTrading
   2. FD portfolioHedgingCapital,
   3. Zerodha positional ETFs trading thus increasing net worth & eventually account size

SL must be 3 ticks away from Day HIGH, LOW, OPEN, IFF taking trade near these key levels

IFF taking LONG/SHORT near(+ - 10 ticks) Day HIGH/LOW/OPEN then make sure to place SL 3 ticks away from these key levels
e.g.
LONG near Day (OPEN + 5 ) ticks then SL be OPEN - 3 ticks
SHORT near Day (HIGH -7) ticks then SL be HIGH + 3 ticks
LONG near Day (LOW + 9 ) ticks then SL be LOW - 3 ticks

SL CRITERIA

Risk <= -0.89%

1. SL candle allowed is 15m hammer or shooting star, otherwise
2. 15m multiple candles RESISTANCE/SUPPORT zone must be considered as SL +- 3 points
3. SL must be based on 15m candle HIGH/LOW+- 3 points
   ( OR )
   15m candles support resistance zone HIGH/LOW+- 3 points

HIGH/LOW+- 3 points means
SHORT : SL is HIGH + 3 points
LONG : SL is LOW - 3 points

Mandatory to immediately put SL into the terminal within next 3 seconds after taking ENTRY

EXIT SL must be placed in system terminal within next 3 seconds after ENTRY, once SL placed, strictly prohibited to modify/cancel either SL of <=-0.89% or TARGET of 2%

What to do if broke rule & in any given trade resulting realized risk > -0.89%

Act immediately and Payout capital to zerodha for positional ETFs Trading as follows:

1. Withdraw 50% of Whatever remainng principal amount
2. EXIT FDMCXGoldFuturesIntradayTrading and redepoly 100% of its capital into zerodha

Risk:Reward is -0.89% : 2% & it is quite possible that TARGET isn't achieve & its end of trading day, what to do then?

Just EXIT after 10:00pm , Only INTRADAY positions are allowed

How to EXIT if session is about to end

IF time is 10:30 PM onwards then allowed Forced EXIT at Market price
ELSE
Just place LIMIT order below LOW (LONG), HIGH (SHORT) of previous 5m candle & keep trailing it

SL trailing

SL trailing leads to overtrading due to regret of not booking TARGET profit & getting reward less than 2% so from now, Only five types of EXITs allowed :

1. SL at -0.89%
2. breakeven SL trailing, if price touches 1.5% unrealized profit mark line
3. EXIT at reward of 2% TARGET
4. After 10:00PM SL trailing to LOW/HIGH of previous 5m candle
5. Forced EXIT after 10:50PM at market price

SL placement criteria for deciding is allowed to take ENTRY

before placing a trade,

1. draw SL trigger line on chart & ask oneself, is it going to be hard for market to take SL.
2. if answer is: for taking one's SL market has to break crucial level resulting in triggering other's SL as well. only then ENTRY allowed otherwise strictly prohibited.

Reasons why want to become a consistently profitable trader ?

Why not becoming consistently profitable trader ?

Lacking Discipline in following trading plan:
For example having trading plan rules of taking only one trade a day, risking <= -0.89% per trade & immediately put SL order after taking trade.
Due to ego did overtrading in INTRADAY MCX gold future, didn't put SL & leave ₹46k for liquidation overnight for two days (Saturday, sunday). had plan for EXIT which didn't follow to shut down the system after EXIT due to ego.

having a big ego problem:

1. Also when was in profit of ₹500 or break even kept overtrading because of greed because want to make currency like elephant but forgot to take risk like bird.
2. Same scenario happened in Feb of 2025, when positional ETFs trading, markets opened gap down & M2M loss was -₹15k, from the bed sleeping position using smartphone, squared off due to shock. Ego kicks in took revenge, shorted gold that day was giving ₹6k profit didn't take because wanted to profits or more than ₹15k & when it reversed given from pocket -₹10k. Then ego kicks did overtrading with juniorbees & closed day with net loss of -₹32k. If had stick with trading plan & didn't squared off due to fear fy 2024-25 might be in ₹25k profit
3. june 2025, did pyramiding and disrespect trading plan and booked risk >-0.89%

Objective of INTRADAY MCX gold futures INTRADAY trading

1. To generate cash flow for :
   1. Pocket currency
   2. FDMCXGoldFuturesIntradayTrading
   3. FDPortfolioHedgingCapital
   4. positional ETF trading principal amount
2. To acquire lifelong skillset

Today since morning working on verifying back office transaction charges & computing overall return since 2019, IF tired & feeling sleepy may take holiday today from INTRADAY MCX gold future trading?

Allowed,
always remember may take holiday if physically/emotionally unfit today, it's good thing rest recover & comeback next day or couple of day IFF feeling well

What to do IF ENTRY order trigger pending
( OR )
didn't find good opportunity in the market till 05:00PM

Just Cancel the order, come tomorrow, today trading day is over & today preserved precious trading capital !

IF there is no electricity till 02:00 PM & haven't took any trade what to do?

Strictly prohibited, to trade that day.
instead celibrate that day as holiday

Strictly Prohibited to check INTRADAY MCX goldpetal future open position (IF any) during 08:00pm to 10:00pm

Take good night sleep during this interval

Strictly Prohibited YouTube/cash flow game/entertainment activities during trading hours 04:00 to 08:00pm

Only Allowed after trade EXIT

Strictly Prohibited to take trade when there is no electricity? Today is electricity cutting multiple times & right now it's blackout. Tiis 04:36 & want to ask IF there isn't electricity should took trade?

UPS & laptop may only be used for exiting trade, IF already taken.

Strictly Prohibited pyramiding in winning trade

Intraday Strictly prohibited, as
 a. transaction costs rises
 b. worst Risk : Reward

Suitable only for Positionsal ETFs trading

Strictly Prohibited to use partial principal amount to repay zerodha capital loan

as it affect the Risk : Reward

Strictly Prohibited averaging in loosing trade

risk : reward in any trade needs to be -0.89% : 2% , averaging increases risk and one need to tightening of SL resulting in SL hitting too early and triggering of revenge trading

Strictly Prohibited to trade before 02:03 pm

1. one needs to be in present moment and align with market structure and price action.
2. atleast 1 hour period from 04:00 to 05:13 is dedicated to observer market, price action, order flow and tune oneself with the market.

Strictly Prohibited to take delivery position. was having INTRADAY Position open using INTRADAY SL, but position was squared off automatically by Upstox because of SEBI circular & they charged ₹60 for square off so want to place orders as Delivery so that may cancel them after 11:00PM oneself, is allowed?

Because overnight gap down/up risk is more than -0.89%. So only INTRADAY position allowed & take its responsibility to EXIT after 10:00pm otherwise broker will square off INTRADAY position & charge -₹100.

Can LONG

Allowed

Can SHORT

Allowed

IF required may use the principal amount to repay zerodha capital loan

Allowed, but only 100% payment of remaining amount.
For. e.g. in UpStox account initial principal amount was ₹45k & after 2SL days ₹44k is remaining, thenpay whole ₹44k

05:00AM to 01:00 PM
(self reflection, journaling, reading trading plan rules)

completed following activity during 05:00AM to 01:00 PM

1. Screenshots Recall Homework (Before 08:45 AM)
   1. login into upstox and take screenshot of next day chart
   2. copy yesterday trade chart's screenshots (ENTRY, EXIT, NEXT DAY) inside Recall Folder
2. Observe Trading Ledger performance curve (2019 to present)
3. read trading plan
4. read journal Remarks (ENTRY/EXIT/NeedsToImprove/LessonsLearnt)
5. read self reflection
6. observe simulations by refreshing 3-4 times, visualize current vs. desired progress
7. verify/update brokerage of previous day trade mcxGoldFuture
8. make new entry for new trade in journal and self reflection sheet
9. make sure DATE is correct for new trade in journal
10. observe every screenshots inside Recall Folder

Market Alignment
(01:00 PM to 01:30 PM)

completed following activity during 01:00 to 01:30 PM

1. clean chart by removing all drawings
2. observe weekly timeframe market structure
3. observer daily timeframe market structre
4. Observe only 15m clean chart on full screen. observe order flow, price action, market structure. It helps one to be in sync with the market.

a. support/resistance levels drawing
b. update principal amount
(01:30 PM to 01:45PM)

completed following activity during 01:30 to 01:45 PM

1. UPDATE
   1. commodity funds amount into the FinancialStatement balance sheet, verify calculator get genuine principal amount available in upstox
   2. the journal entry Principal Amount (before trade)
2. DRAW following levels only with grounded observation.
   1. on daily candle, OPEN, HIGH, LOW using Horizontal Ray
   2. 15m timeframe
      1. important support/resistance zones
      2. fibo retracement
      3. TARGET lines
         • (gray horizontal) +- 3 points above HIGH/LOW of support/resistance zone (accordingly)
         • Initially all target lines would be GREY color.
         • after taking entry, target line selected having -0.89% risk : 2% reward will be highlighted with GREEN color.
3. Save the layout as default
4. Refresh screen, and make sure the recent ploted levels are intact i.e. reloaded as it is

Live Market Sync
(01:45 PM to 02:13 PM)

completed following activity during 01:45 to 02:13 PM

1. switch to 15m + 5m chart + order flow.
2. Observe price action on 15m and 5m chart using volume candles, order flow, be in present moment. be in sync with the market

Opportunity Window
(02:13 PM to 05:00 PM)

promise to trade between 02:13PM to 05:00 PM
the trade chooses one who is patient enough
ENTRY only after
 a. Risk <= -0.89%
 b. Minimum reward >= +2%
Peaceful Good night Sleep after 07:58 PM

What IF 40% of profit payout = ₹100 (minimum amount required by upstox for payout is ₹100) & Total profits is just ₹101

pay oneself, payout ₹100 to oneself & add remaining ₹1 to principal amount
(rule implemented into payout calculator)

What IF 40% of profit payout is <= ₹99 (minimum amount required by upstox for payout is ₹100 ) & profits is below ₹99

Then no need to payout, entire profitbe kept in upstox as principal amount (rule implemented into payout calculator)

what to do with profits

40% 💰Pocket currency

60% Only One of priorityget this profit
🌳Priority #1 IFF principal amount cash in upstox for Gold Futures Trading is less than 10% of Net Worth then add to it
📈Priority #2 IFF FD INTRADAY MCX gold Futures is <10% of Net Worth then Add to it
📈Priority #3 IFF FD PortfolioHedgingCapital is <60% (as there are 6 etfs) of Net Worth then Add to it
🌳Priority #4 Add to Zerodha for positional ETF Trading thus increasing net worth overtime

Explanation:
first 40% is ours to keep & remaining 60% get either one of the four priorities

(rule implemented into payout calculator)

FD (MCXGoldFuturesTrading) capital may only be used in following cases:

IFF

1. kept risk <= -0.89% in each of last 100 trades
2. conditionA && Starting fresh INTRADAY MCX gold futures trading after payout to Zerodha Capital for Loan Repayment

Discipline based Principal amount Refilling
(Capital is earned through integrity)

guideline for refilling INTRADAY MCX gold futures principal amount after 100th discipline trades streak where each trade risked <= -0.89%

Priority #1 Take capital from FD INTRADAY MCX gold futures trading
Priority #2 Take additional capital from Zerodha positional ETFs trading principal amount, IF principal amount in upstox INTRADAY MCX gold futures trading < 10% of net worth "

Maintaining Counter to keep track of discipline streak

counts the number of trades having risk per trade < -0.89%
(Counter added in Discipline Streak Section of selfReflection)

IF any single trade resulting in risk >-0.89% results in reset of discipline streak back to 0

IF any trade in between next 100 trade resulting in realised risk of > -0.89% then, from that trade discipline streak counter resets to 0 and begin maintaining discipline streak for next N trades keeping risk per trade <= -0.89%. where N = 1 to infinity

Can get some more capital so that risk: reward be at least -0.89% : 2%

What about payout profit of ETF Trading as their is one part (FD) reserved for INTRADAY MCX gold futures trading, may add it to upstox principal amount for INTRADAY MCX gold futures trading

broken ENTRY criteria rule & accepted the payout of 50% of remaining Principal amount, but now noticed that the with remaining capital of ₹9800, risk:reward of -0.89% : 2% isn't practical as brokerage is more than 0.5% of risk, also it might be hard to put SL with much wider ATR, what should do?

Refer: Discipline based Principal amount Refilling

Max. Amount of principal amount in upstox for INTRADAY MCX goldpetal future trading

Max. allowed capital in FDMCXGoldFuturesTrading

10% of Net Worth

What IF loose all of the principal amount?

1. IF disciplined by keeping risk <= -0.89% in the last 100 trades, get reward to trade with fresh 10% of net worth
2. IF not disciplined, do restart trading with just 1 lot & maintain risk <= -0.89% for the next 100 trades & earn prividlege to trade with 10% of net worth

How much might be principal amount, profit payout, after 100 trades?

Refer Simulation Sheet

Preferred chart candlestick

Volume Candle

Hammer Candle Identification Criteria

On 15m timeframe it usually formed at swing LOW with

1. longest downside wick (70% +- 10%) and
2. smallest body (20% +- 10% ) and
3. might upside wick (10% +- 10%)

Shooting Star Candle Identification Criteria

On 15m timeframe it usually formed at swing HIGH with

1. longest upside wick (70% +- 10%) and
2. smallest body (20% +- 10%) &
3. might downside wick (10% +- 10%)

take ENTRY only when 2 minutes left for 15m candle closing

1. When 2 minutes are left for 15m candle closing only then allowed to take ENTRY on 5m timeframe.
2. it gives higher probability of protecting precious capital by SL triggering as new LOW/HIGH might be formed IF taken entry earlier resulting in premature SL hit.
3. IF ENTRY not triggered and 15m closed immediately CANCEL the order

ENTRY CRITERIA

ENTRY must be previous 5m candle HIGH/LOW +- 3 points

SHORT:
LOW of previous 5m candle -3 points using SL Limit Trigger order

LONG:
HIGH of previous 5m candle +3 points using SL Limit Trigger order

order type

SL LIMIT

Only Allowed Position Type

INTRADAY

Which Timeframe to trade ENTRY

5m

Which Timeframe to
a. draw support/resistance zones, fibo levels
b. observe for ENTRY setups formations

15m

Which ENTRY Setup to use

Just Use intuition
( OR )
just comfortable with support & resistance so for the next 100 trades curious to see how they perform, but here are some setups
SHORT below Shotting Star Candle
SHORT near Resistance zone
LONG above Hammer Candle
Long near support Zone
etc.

ENTRY Order type

Intraday SL Limit

Allocate 60% : 40% Screen estate to 15m : 5m charts

15m chart must occupy 60% of screen & 5m chart only 40%.
Realized that by observing the 15m chart one get holistic view of the market what happened yesterday & important demand/supply levels

How to arrange charts on monitors at home

Primary Monitor (LG 34 inches)
On Left hand side 15m chart with important levels marked
On Right Hand side 5m chart

Secondary Monitor (Laptop)
Calculator Position Sizing

How to arrange charts on monitors at shop

accordingly

Mandatory to restart the laptop/computer IFF earlier it was put into sleep mode

observed that laptop/computer works slow, chrome feels sluggish after waking laptop from sleep mode, so need to make sure that before trading IFF put laptop into sleep mode earlier mandatory required to restart it.

Occassionally Manually refresh the chart screen for accurate candles

noticed that the chart in upstox isn't accurate after some time, for e.g. today after taking the trade it shows the freak trade candle whose low was below SL & high was near day high & was surprised how may it be that SL is still intact. when refresh the screen the candles were totally different. so required to refresh the chart ocassionaly when there is disconnect of internet, before taking new trade.

ENTRY Timing

05:13 PM to 08:00 PM

immediately put laptop in sleep mode within 3 seconds of 08:00pm

IF there is still open position and go to sleep as well and come back 10:00pm onwards

When Price is just 5 ticks away from 2% TARGET, immediately put LIMIT TARGET order within 3 seconds

this way one make sure to have timely sleep before 08:00PM and improve overall health

how to book profits

1. When price is 5 ticks away from the TARGET, Immediately Within 3 seconds place EXIT LIMIT order into the upstox terminal (by first cancelling the SL order) as mentioned in calculator or written in calculator before taking trade
2. IF it reverses, immediately be ready to place SL to breakeven level as computed by the qtyCalculator"

Position Type

INTRADAY

Order Type

Prioriry #1 LIMIT
Priority #2 SL LIMIT

2% Profit EXIT trigger must be 3 points away from low/high of supply/demand zone

This way it is worth risking -0.89% to get 2%, so EXIT needs to be atleast 3 points away from resistance zone in case of LONG & support zone in case of SHORT

What to do after trade completed

1. take screenshots of EXIT (chart, order) then
2. immediately logout the upstox terminal & shutdown the computer and
3. maintain the journal next day in the morning when market is closed at 04:00AM.

criteria for setting 2% profit TARGET

2% EXIT must be based on 15m chart RESISTANCE/SUPPORT, swing HIGH/LOW, and 3 points within the RESISTANCE/SUPPORT zone

IFF calculator suggested 2% EXIT is better than custom EXIT then calculator based EXIT also allowed

Take screenshots of Orders ENTRY, EXIT, Chart during ENTRY, Chart during EXIT

Benefits :

1. screenshots of chart (ENTRY, EXIT) help get collective behaviour of INTRADAY MCX gold futures trading
2. As upstox doesn't keep history of orders next day morning 04:00AM, so this helps in updating the journal with EXIT order next day.

Maintain Screenshots Logs & mandatory to observer RECALL folder screenshots everyday

1. Keep screenshots of all the trades:
   1. Chart (ENTRY , SL/TARGET),
   2. Order (ENTRY, EXIT)
   3. Next Day chart after EXIT
2. in single folder having name as trade No. take another screenshot next day before 08:45AM before market opening & rename it as Next Day
3. rename ENTRY, EXIT screenshots as follows & copy them into the another global folder ""Recall"" holding all other trades ENTRY, EXIT Screenshots
   1. ENTRY : N.1 ENTRY
   2. EXIT : N.2 SL HIT/ TARGET ACHIEVED
   3. Next Day: N.3 Next Day
   4. where N : Trade No.
4. it mandatory to observe every screenshot in Recall folder everyday between 03:00 to 04:00pm

Example:
 assume current trade No: 2
 2.1 ENTRY
 2.2 SL HIT
  (or)
 TARGET ACHIEVED
 2.3 Next Day

When to maintain Journal

1. During trade, when took trade keep maintaining it with the Remarks, ENTRY & EXIT data.
2. As soon as the SL or Trailing SL hit just logout the terminal close the laptop
3. maintain the remainng data in journal next day,
4. IF there are any remarks to be added put them on gmail & append next day morning.

which broker to trade with

UpStox

Exchange

MCX

When to switch next month contract

IF 7 working days left for current month contract expiry
  ( OR )
IF observing dash bars i.e. bars with single point OHLC (OPEN, HIGH, LOW, CLOSE) AND greater bid, ask spread

Instrument

intraday MCX goldpetal Future Current Month, IF it is last week of month switch ot next month contract for better liquidity

What is sample size
(When to update/tweak strategy after how many trades results)

100, After 100 trades decide IF need to tweak strategy