Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
@Helath Raj: My Ideas for you new version
1.Plz maintain consistency in Buy/Sell Signal, If a buy call is given (Ex:9.30 Buy TCS @1300) then track the call completely till it hits target or SL.
2.Generate Few calls and track them completely. Change Buy/Sell Signal only when the pivot points gets broken.
@ All , please suggest if you have any other ideas
On a volatile day like today, no tool will be able to work. Remember tomorrow is also a BIG Day because the SBI results are expected. So the calls are generated based on the Market FLOW. So some amount of fundamentals is also required.
For the point Two, what I can do is to have two set of columns one for LONG and one for SHORT and record the time at which the LONG and SHORT calls are generated... So based on the time of the calls, people can find out if the market is volatile...
One more important thing is how to handle the GAP UP or GAP DOWN opening... Today the market gained 30 points quickly from the opening but the tool would be saying SHORT because the LAW of AVERAGES do not work... So need to come up with some innovative ideas. If people are aware of some rules to handle GAPs please let me know.
But the problem remains that the tool will not able able to predict or handle the VOLATILE or RANGEBOUND situations. Need to do some heuristics or Natural language programming... Or manual chart reading is required... I have actually tried to programatically find the chart patterns. But it is not working perfectly...
Anyway I will work on how to handle VOLATILE markets? But today I don't have a ready made solution.