Simple Strategy that works

[telugodi.style]

Trading is simple if you always follow trend.
My strategy is simple and easy. With this strategy i had made good amount of profit this year. I want to discuss the strategy to make it better.

I dont do any kind of techincal analysis.

My strategy:
1. Trading time 3.20pm to 3.30pm everyday
2. Check the current price at 3.20 pm vs previous day close price.
3. If the current price is greater than previous close -> Buy
4. If current price is less than previous close -> Sell
5. If already you have buy positions and if 3 is true -> do nothing
6. if already you have sold positions and if 4 is true -> do nothing
7. if already you have sold positions and if 3 is true -> square off and enter fresh positions as 3.
8. if already you have buy positions and if 4 is true -> square off and enter fresh positions as 4.

Let us know your comments about my trading strategy.

 

[suri112000]

Two crucial things are missing. Stop loss and reward.

 

[telugodi.style]

Two crucial things are missing. Stop loss and reward.

Since i will be changing the positions based on trend on daily basis, there is no need to keep SL as it will be squared off at 3.20pm if trade goes wrong on a day.

You can backtest the strategy and check. This year alone from January you will get gain of around 800 points.

If someone can test this using AFL, please test and share the results.

 

[deadbrain]

In gap up days, long trade might be in loss and vice versa in short positions with gap up! Isnt it?

 

[telugodi.style]

In gap up days, long trade might be in loss and vice versa in short positions with gap up! Isnt it?

yes, but you will book the loss immediately at 3.20pm on that day. The profits will also be higher in reverse cases.

 

[PUCHU_2500]

Trading is simple if you always follow trend.
My strategy is simple and easy. With this strategy i had made good amount of profit this year. I want to discuss the strategy to make it better.

I dont do any kind of techincal analysis.

My strategy:
1. Trading time 3.20pm to 3.30pm everyday
2. Check the current price at 3.20 pm vs previous day close price.
3. If the current price is greater than previous close -> Buy
4. If current price is less than previous close -> Sell
5. If already you have buy positions and if 3 is true -> do nothing
6. if already you have sold positions and if 4 is true -> do nothing
7. if already you have sold positions and if 3 is true -> square off and enter fresh positions as 3.
8. if already you have buy positions and if 4 is true -> square off and enter fresh positions as 4.

Let us know your comments about my trading strategy.

how much greater than and less than.....??

 

[kaalchakrasamay]

By previous day close you mean previous day ltp or previous day close as per bhav copy
because in charts we normally have ltp and not close price.

 

[telugodi.style]

how much greater than and less than.....??

just positive or negative...greater or less than zero.

 

[telugodi.style]

By previous day close you mean previous day ltp or previous day close as per bhav copy

previous day close.

 

[vikas2131]

Trading is simple if you always follow trend.
My strategy is simple and easy. With this strategy i had made good amount of profit this year. I want to discuss the strategy to make it better.

I dont do any kind of techincal analysis.

My strategy:
1. Trading time 3.20pm to 3.30pm everyday
2. Check the current price at 3.20 pm vs previous day close price.
3. If the current price is greater than previous close -> Buy
4. If current price is less than previous close -> Sell
5. If already you have buy positions and if 3 is true -> do nothing
6. if already you have sold positions and if 4 is true -> do nothing
7. if already you have sold positions and if 3 is true -> square off and enter fresh positions as 3.
8. if already you have buy positions and if 4 is true -> square off and enter fresh positions as 4.

Let us know your comments about my trading strategy.

in side ways market this would not work...plz test it for last many years..you will see