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 -

I am really amazed at the description of strategies from day 1 and just begun to read.
Thanks for your efforts to enlighten the members of your work and the benefits that would accrue. pl. keep replying if I come across some doubts .
 
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

I am really amazed at the description of strategies from day 1 and just begun to read.
Thanks for your efforts to enlighten the members of your work and the benefits that would accrue. pl. keep replying if I come across some doubts .
 

healthraj

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

NIFTY Trade with the Flow using 10 minute Charts

I had sometime during this weekend. So I have been working to improve the MTP. Please find below the screenshot of the system which is in progress...

I am still testing the system... Hope to have a better system by this weekend..

It is the basically the strategy initially put by SAINT. It was using 30 minutes chart... I am implementing it for 10 minute charts because 30 minutes is not suited for an MTP trader.... You can google "SAINT 30 minute Flow" to know more about the strategy... SAINT also has his own forum now outside Traderji

 

healthraj

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

NIFTY Trade with the Flow using 10 minute Charts

I had sometime during this weekend. So I have been working to improve the MTP. Please find below the screenshot of the system which is in progress...

I am still testing the system... Hope to have a better system by this weekend..

It is the basically the strategy initially put by SAINT. It was using 30 minutes chart... I am implementing it for 10 minute charts because 30 minutes is not suited for an MTP trader.... You can google "SAINT 30 minute Flow" to know more about the strategy... SAINT also has his own forum now outside Traderji

So per the 10 minute Flow method, you can GO LONG above 5330 NS and go SHORT below 5311 NS. Have some filter based on your Risk model...

The Major Pivot Low , 5294 NS will act as the support...
The Major Pivot High so far is 5330 NS
 

healthraj

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

Trading with RENKO Charts

For Those people who do not understand complicated stuff, I am also building the Renko Charts...

The BANKNIFTY Renko Chart for the past two days looks as below...

If you see Red square, Sell and If you see a Green square BUY...

Those who want to play safe can wait for 4 or five squares to be built up before entering the LONG or SHORT Trade...

 

healthraj

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

Hi carnot11 , gsn57iaf , hanumanthh , krishan prakash saxena , prabhsingh , Probability , rajuapsp , run_run, baludal, Sholay, shrividhya srinivasan, Stock72, Option.Trader, Champ, Ajit, Aimer, Ysivak, gnp007, augubhai, Gambler, hmp, mangup, niludeepak, Traderprof and all those silent followers of this thread,

Thanks for encouraging...

Advanced Independence Day Wishes to all...
Have been busy in the last week with some official work and so I was not able to provide the updates to the Excel OTP/MTP system...

The version 2.0 BETA has been stable but I hope it was not very much usable for MTP because it was not able to handle the Reversal...

First of all I have completely removed the OTP from 2.0 because the previous OTP was stable enough and also I did not want to mix OTP and MTP in the same tool because they are for different users...

So I have developed the new version Where I have dumped the Options signal and had gone with Traditional signals like ADX, CCI, Moving Average Angle, Saint Flow method and the Renko....

Unlike the previous version the current version will provide all the above signals for a 10 minute chart.... Based on the signals and chart YOU can decide to go LONG or Short. (The Tool will not Decide anything) When you start using the tool, you will understand more and get used...

If you don't know what is CCI, ADX etc... You can Google and find out and learn the theory...

Hope using this tool you will no more need to dependent on any Tips Providers and start trading independently from the Independance day onwards....
Happy Trading...

Will post the screenshot in the following posts and will upload the tool by End of Day...
 

healthraj

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

RAJ MTP Trading system v2.0 - Renko Chart

As posted earlier, the image below shows the Renko chart... With Renko chart it is quite simple to take the decisions... Even a child can trade with Ranko charts... The good thing about Renko charts is that it also shows the important Pivot values which can be used as Resistance and Support.

In my implementation of Renko chart I have divided the target into 12 blocks. For example for NIFTY the target is 50 points. So I would divide 50 into 12 block and so each block would be around 4 points.... So for booking profits.... If you have say 5-6 green blocks you can book Target 1 and for Target 2 it could be 10-12 blocks....

For Bank NIFTY the block size would around 8

 
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