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

Raj,

Do we get Diwali gift of next version excel file........

With lot of futures......

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

Raj,

Lot of variations in the signal....for 5 or 10 mints update.....

Need some proper signal in the next version...

sivgates
 

anup

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

@Sivgates: You are right . lot of variation within 10 mins. If you observe it for ten minutes it will give Buy and Sell both signal.
@Health Raj: please do something in order to maintain consistency.
 

anup

Well-Known Member
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
 

healthraj

Well-Known Member
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.
 

healthraj

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

hello healthraj,
thanks for the mtp excel sheet... i have an excel sheet idea to be developed.. if you are willing to make it .. please pm me ...

thanks once again
Please post your idea in the thread so that others also can validate and give their suggestions
 

columbus

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

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.
What previously RELIANCE used to do market , presently SBI is doing.
( Commanding the market in a sense )
 

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