1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures - Bac

Whether the latest MTP v2.2 tool is useful?

  • YES. The tool helps to take safe positions using FLOW and Renko Charts

    Votes: 26 92.9%
  • NO. The tool is not useful

    Votes: 2 7.1%

  • Total voters
    28
  • Poll closed .

healthraj

Well-Known Member
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Call update:

Tool was very choppy in the first hour of trade today. I was just looking at Nifty recommendations and it gave around 4 calls which all ended in losses as soon as the call generated. It has oscillated between buy and sell calls
Suggest people to look at 10 min Renko and Flow before initiating trade
We need to remove the noise in some way.. either keeping the call recommendations based on known Support and Resistance levels calculated either thru Gann or some other way.
If you had a look at the 10min chart you would have seen a Triangle formation.
 
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Hey All.. i am not getting any signals from 10.15... Any problem with tool?
Hi Anup,

Market is moving in very very tight range and hence you are not getting any calls, it also depends on which stocks you are watching.
Have patience, its important in trading not to loose money with false calls hence I belive in these market conditions the tool is doing right thing.
@Raj, any comments from you?
 
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Hi Anup,

Market is moving in very very tight range and hence you are not getting any calls, it also depends on which stocks you are watching.
Have patience, its important in trading not to loose money with false calls hence I belive in these market conditions the tool is doing right thing.
@Raj, any comments from you?
Anup,
Are the calls getting generated now? :p
 

anup

Well-Known Member
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Hi Bull trader..I have the following Nifty,Bank Nifty,SBI,HDFC,INfy,TCS,Mcdowell,HDFC Bank,Century link.. Buy/Sell column is Showing Sell.. But Buy/Sell Action is Wait and More action is also Wait..So i am waiting frm last 2 hour...Anything wrong in my strategy?
 

anup

Well-Known Member
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Hi Raj and Bull Trader..."Add More @","Next SAR @" are showing wrong value..Ex: For Nifty it is saying Add more @ 1227.1 and Next SAR @1256.6 and There is one more problem... Now for Nifty is showing "5688" from last 2 hour eventhough refresh is happening...
 

healthraj

Well-Known Member
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

The Tool is working for me. No issues with the Tool. In the FLOW method Trade with the Pivots. Yesterday I posted the Levels to Watch for NIFTY and I told that 5725 and 5703 would be the levels to watch. You saw that market even though was volatile did not cross the 5703... While the market was volatile if you had watched the NIFTY 10 minute charts, you would have aseen a Triangle formation and finally broke the triangle downwards...

I always keep telling market is trending only 20% and rangebound for the rest of the time.

Also when the previous day was a run.... The next day bettter not to trade the first half because it would be mostly volatile....

Those who traded SHORT at 5721 would have made 40 points.

Plus the most important thing is that When the market is volatile switch to the higher timeframe and see if you are getting a clear trend... that is the reason why I have provide so many options n the tool 15 min, 30 min 45 min and 60 min...

Anyways Time and Experience only will Teach those lessons
 

healthraj

Well-Known Member
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Hi Bull trader..I have the following Nifty,Bank Nifty,SBI,HDFC,INfy,TCS,Mcdowell,HDFC Bank,Century link.. Buy/Sell column is Showing Sell.. But Buy/Sell Action is Wait and More action is also Wait..So i am waiting frm last 2 hour...Anything wrong in my strategy?
Anup,

What was your plan in the morning? When you say wait that means you have not taken any positions and so did not make any loss.

Nothing wrong with waiting in a volatile market. You will always get opportunities in this market. So when you are not sure do not trade.

When the tool is giving me Buy and Sell signals continuously I take it as a warning and Wait or Trade based on Pivot Levels.

So today I took a short positions below 5703 NS. But After I took the position the market was very volatile... But I did not close the position. And around 12 I think there was a triangle breakout. I kept the positions open went for lunch and when I cam back market was trading around 5690 NF. (It had made a low of 5682 NF). Closed 75% of positions at 5690...
 

anup

Well-Known Member
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Helathraj,u didnt asnwer my query fully..why the tool showing Wrong value for Add more @,Next SAR @ and Now...And also from 10.15 i dint get even a single signal for buy in any of stock/Index...I am asking is there any problem with my system or how is it..
 

healthraj

Well-Known Member
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Helathraj,u didnt asnwer my query fully..why the tool showing Wrong value for Add more @,Next SAR @ and Now...And also from 10.15 i dint get even a single signal for buy in any of stock/Index...I am asking is there any problem with my system or how is it..
I am not Sure why it is happening. I guess it should be a problem with the system.

Close the tool. Clear all the .csv files in the folder and Try again...
 
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Raj, in the MTP file, how does one stop the auto-refresh while it is in progress ?? I mean if I need to use Excel for something else that can't wait, how do I stop auto-refresh ? Escape doesn't do it, "Start/Stop Auto Refresh" doesn't do it. Or do I have to wait till all 12 scrips + top 20 futures have refreshed ?
 

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