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 -

16-AUG 2012 END OF DAY UPDATE

This morning we started with a Pivot and the market was trading with a FLAG...

NIFTY: Started the day with a PIVOT HIGH of 5387 and the BUY LEVEL has come from 5387 to 5382... The PIVOT LOW was 5374 which has come down to 5362... 20 points profit

BANK NIFTY: Started the Day with PIVOT HIGH of 10530 and closed with Minor PIVOT HIGH of 10488. The Pivot LOW has come down from 10514 to 10456. 100 points Profit

NOW that you folks learnt the basic method of PIVOT trading. Hope it is easy to trade with PIVOTS using RENKO charts and moreover technically today it was good day to learn because of the FLAG formation....

ONE IMPORTANT RULE 1 of EXCEPTION TO TRADE WITH PIVOTS:
If on a Particular day the market closed with MAJOR PIVOT HIGH, and on the next day until the PIVOT HIGH IS BROKEN STAY SHORT. DO THE REVESE for SHORT POSTIONS. If on the next day there is a GAP DOWN then blindlt GO SHORT. NO Need to look for Pivots.

YOU CAN REMEMBER THE ABOVE RULE SO THAT YOU CAN ACTUALLY TAKE A SHORT POSITION NEAR THE PIVOT HIGH INSTEAD OF the MINOT PIVOT LOW... if in Today's CASE IN THE MORNING, YOU COULD HAVE SHORT AT 5386 itself instead of 5374...

For Example, On Tuesday the market closed near PIVOTHIGH of 5387. Today market opened at 5386 and if we consider a filter of 5 points the PIVOT HIGH is 5391 and market did not cross 5391. So it was better to STAY SHORT....
Great system healthraj...
 

aimer

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

16-AUG 2012 END OF DAY UPDATE

This morning we started with a Pivot and the market was trading with a FLAG...

NIFTY: Started the day with a PIVOT HIGH of 5387 and the BUY LEVEL has come from 5387 to 5382... The PIVOT LOW was 5374 which has come down to 5362... 20 points profit

BANK NIFTY: Started the Day with PIVOT HIGH of 10530 and closed with Minor PIVOT HIGH of 10488. The Pivot LOW has come down from 10514 to 10456. 100 points Profit

NOW that you folks learnt the basic method of PIVOT trading. Hope it is easy to trade with PIVOTS using RENKO charts and moreover technically today it was good day to learn because of the FLAG formation....

ONE IMPORTANT RULE 1 of EXCEPTION TO TRADE WITH PIVOTS:
If on a Particular day the market closed with MAJOR PIVOT HIGH, and on the next day until the PIVOT HIGH IS BROKEN STAY SHORT. DO THE REVESE for SHORT POSTIONS. If on the next day there is a GAP DOWN then blindlt GO SHORT. NO Need to look for Pivots.

YOU CAN REMEMBER THE ABOVE RULE SO THAT YOU CAN ACTUALLY TAKE A SHORT POSITION NEAR THE PIVOT HIGH INSTEAD OF the MINOT PIVOT LOW... if in Today's CASE IN THE MORNING, YOU COULD HAVE SHORT AT 5386 itself instead of 5374...

For Example, On Tuesday the market closed near PIVOTHIGH of 5387. Today market opened at 5386 and if we consider a filter of 5 points the PIVOT HIGH is 5391 and market did not cross 5391. So it was better to STAY SHORT....
Raj,
saw the 10min chart with nifty, but didnot understand the 100 points in Banknifty...also u have done just wonders in getting charts on Excell...can that pivot thing be framed on amibroker so that it can not be limited to just two indices but to other scrips and futures also...and also the backtesting can be done with ease...
Plz see if it can be done....
 

healthraj

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

Raj,
saw the 10min chart with nifty, but didnot understand the 100 points in Banknifty...also u have done just wonders in getting charts on Excell...can that pivot thing be framed on amibroker so that it can not be limited to just two indices but to other scrips and futures also...and also the backtesting can be done with ease...
Plz see if it can be done....
I have Zero knowledge in Amibroker and so I cannot help much there.
I actually one more system called InvestarIndia.com. But since even the candle values itself they provided wrongly, I wanted to build my own system in Excel. The logic for framing the "FLOW" is there in the VBA Code. So anybody who knows Amibroker can convert to Amibroker. If someone here is willing to do that then I can help and explain the algorithm...

Regarding the 100 points in BANKNIFTY, Today BANKNIFTY made a high of 10611 NF and in the morning I Took a short position at 10580. BNF made a low of 10455 and I closed my BNF with 100 points profit
 

SaravananKS

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

I have Zero knowledge in Amibroker and so I cannot help much there.
I actually one more system called InvestarIndia.com. But since even the candle values itself they provided wrongly, I wanted to build my own system in Excel. The logic for framing the "FLOW" is there in the VBA Code. So anybody who knows Amibroker can convert to Amibroker. If someone here is willing to do that then I can help and explain the algorithm...

Regarding the 100 points in BANKNIFTY, Today BANKNIFTY made a high of 10611 NF and in the morning I Took a short position at 10580. BNF made a low of 10455 and I closed my BNF with 100 points profit
Hello Raj,

if you give VBA code then it is easy to convert it amibroker I have sent PM to Pls go through that:)
 

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 V2.1

Please find below the links for V2.1

The following updates/fixes done
1. Some chart not working in 2003 due to GIF Problem - Fixed
2. Added the date in the Renko Chart on request from some members
3. Using the Pivots, Added the BUY/SELL levels in the Renko / Flow Charts. The "BUY ABOVE" and "SELL BELOW" lines would be drawn in the charts.
3A. The same BUY/SELL levels are updated in the Main sheet also.

The logic for calculating the "BUY ABOVE" Trend line is as follows.
1. Take the last two Minor Pivot Highs say mPH1 and mPH2, mPH2 being most recent. In the Renko charts we also have something called the REnko block size which would be around 4 for NIFTY. If the difference between mPH1 and mPH2 is greater than 8 (two times the Renko block size) then a line would be drawn at mPH2. Otherwise a line would be drawn connecting mPH1 and MPH2.

Similar logic for "SELL BELOW" Line but using the Minor Pivot Lows

Happy Trading :). If you issues in 2.1 please revert back to 2.0 because I did not have much time to test.

2007
http://www.4shared.com/zip/BmLo4jGe/2007-RAJ_MTP_FOR_NIFTY_and_BAN.html

2003
http://www.4shared.com/zip/mNvu_Lrg/2003-RAJ_MTP_FOR_NIFTY_and_BAN.html

2007-Without timecheck for those trading outside India
http://www.4shared.com/zip/IwGHXZ0I/2007-RAJ_MTP_FOR_NIFTY_and_BAN.html
 
Last edited:

aimer

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

Hello Raj,

if you give VBA code then it is easy to convert it amibroker I have sent PM to Pls go through that:)
Hello saravananKS...
can u code the renko as well as pivot in AFL...that would be very nice of u and also a help for all those traders who trade other then the indices...

Thanks Raj for the wonderful work...Its great and hard work is seen the charts that he has layed down...:hap2::hap2::hap2::clapping::clap:
 

aimer

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

Hello saravananKS...
can u code the renko as well as pivot in AFL...that would be very nice of u and also a help for all those traders who trade other then the indices...

Thanks Raj for the wonderful work...Its great and hard work is seen the charts that he has layed down...:hap2::hap2::hap2::clapping::clap:
I was searching Renko AFL but gotsome which shows error...also Have downloaded super Renko Indicator(SRI) but unable to adjust the settings so that proper brick size may be defined...any one who knows abt this come forward and plz help...
 

SaravananKS

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

I was searching Renko AFL but gotsome which shows error...also Have downloaded super Renko Indicator(SRI) but unable to adjust the settings so that proper brick size may be defined...any one who knows abt this come forward and plz help...
Here is Renko chart AFL which is working in latest amibroker.

But I don't know how to interprete it


// Renko Chart
// Graham Kavanagh 13 Aug 2004 ver C
// Custom Indicator, date axis does not apply


SetBarsRequired(10000,10000);

// Brick size is dependant on what you want, if too small will not produce a chart due to insufficient x-axis bars
//Brick = LastValue( ATR(100) );
//Brick = LastValue( Max(0.02*C, 0.05) );
Brick1 = Param( "Brick Size", 0.2, 0.01, 1.00, 0.01 );
Brick = LastValue( Max(Brick1*C, 0.01) );
//Brick = Param( "Brick Size", 0.1, 0.01, 1.00, 0.01 );
reverse = 2;

// Convert the closing price to rising and falling rounded bricks
CF = ceil(C/Brick);
CR = floor(C/Brick);
UP=down=0;
// initialize first element
j = 0;
RKC[j] = CF[0];
RKO[j] = CF[0] + 1;

down[j] = 1; // By default the first bar is a down bar.
up[j] = 0;

// Loop to produce the Renko values in number of bricks

for( i=1; i<BarCount-1; i++ )
{
if( CF <= RKC[j] - 1 && down[j] ) // Continue down
{
num = RKC[j] - CF;
for( x=1; x<=num; x++ )
{
j++;
up[j] = 0;
down[j] = 1;
RKC[j] = RKC[j-1] - 1;
RKO[j] = RKC[j] + 1;
}
}
else
{
if( CR >= RKC[j] + Reverse && down[j] ) // Change down to up
{
num = CR - RKC[j];
j++;
up[j] = 1;
down[j] = 0;
RKC[j] = RKC[j-1] + 2;
RKO[j] = RKC[j] - 1;
for( x=2; x<=num; x++ )
{
j++;
up[j] = 1;
down[j] = 0;
RKC[j] = RKC[j-1] + 1;
RKO[j] = RKC[j] - 1;
}
}
else
{
if( CR >= RKC[j] + 1 && up[j] ) // Continue Up
{
num = CR - RKC[j];
for( x=1; x<=num; x++ )
{
j++;
Up[j] = 1;
Down[j] = 0;
RKC[j] = RKC[j-1] + 1;
RKO[j] = RKC[j] - 1;
}
}
else
{
if( CF <= RKC[j] - Reverse && up[j] ) // Change up to down
{
num = RKC[j] - CF;
j++;
Up[j] = 0;
Down[j] = 1;
RKC[j] = RKC[j-1] - 2;
RKO[j] = RKC[j] + 1;
for( x=2; x<=num; x++ )
{
j++;
up[j] = 0;
down[j] = 1;
RKC[j] = RKC[j-1] - 1;
RKO[j] = RKC[j] + 1;
}
}
}
}
}
}


// move the chart to right end of chart space, ie last brick on last bar position
delta = BarCount-1 - j;

RKC = Ref( RKC, -delta );
RKO = Ref( RKO, -delta );

Up = Ref( Up, -delta );
Down = Ref( Down, -delta );

/*
rC = RKC * Brick;// + (Up-down)*Brick/2;
rO = RC - (Up-down)*Brick;
rH = Max(rC,rO);
rL = Min(rC,rO);
*/


C = RKC * Brick;// + (Up-down)*Brick/2;
O = C - (Up-down)*Brick;
H = Max(C,O);
L = Min(C,O);

Plot( C, "", colorGrey50,styleCandle);
// plot chart
//plotOHLC( rO, rH, rL, rC, "Renko Price " , colorBlack, styleCandle);
GraphXSpace=5;

Title = Name() + " - {{INTERVAL}} {{DATE}} - Renko Chart : Last Value = " + RKC * Brick + ", Brick Size = " + Brick;
 
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Dear Mr.raj

changes in renko and 10 min flow charts looks very good to take clear decissions. Thanq very much.

Regards
Siva
 

healthraj

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

17-Aug-2012 Trading Pivots

NIFTY: More or less like Yesterday.
Buy Above : 5382 NS
Sell Below : 5360 NS

BANK NIFTY: Has crossed below the one of the major 10464 and already the SHORT Call is active. So please wait for bounce and take the positions near the pivot...

Buy Above : 10488 BNS
Sell Below : 10456 BNS (Sell Active)

Note: The Buy / Sell Levels would change based on the market movement. Follow the Buy/Sell Levels in the Tool.

All the best for Today. Happy Trading and Enjoy Trading.
 

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