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 -

Raj, nice explanation to the flow method...:clapping:
As u know I am Excell illliterate...wanted to do some modification to the coding but dont know where the codes are hidden ...u have mentioned that also but how to navigate there...dont know...searched google on some dummy course on excell but looks like if I start learning excell till that time u will come up with 10 beta versions:D

I just wanted to know if u could navigate me how to reach the codes and let me know some sites where I can go in and get some knowledge that is related to the excell u have used...that will lessen my time...because flow is not just pivots but the use of other concepts like ERL, VRL, DERL,VPS and many more that makes flow a lethal trading system, and modifying ur code with all those needs knowledge in excell...
plz guide me so that even I can make ur excell even more efficient using my knowledge abt flow...
Aimer, As you have said, I think first you have to learn Excel. If you know Excel actually you will not ask me anything because all the code and logic written is public. Those who know excel would by now exploited system and would have customized for themselves..
 

healthraj

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

I am also interested in OTP using renko and flow.
Please Raj
Sure. I will also work on OTP in the coming days/weeks. First thing is to implement some logic in OTP so that we don't trade to make losses. So I will surely do something for OTP also
 

SaravananKS

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

Raj, nice explanation to the flow method...:clapping:
As u know I am Excell illliterate...wanted to do some modification to the coding but dont know where the codes are hidden ...u have mentioned that also but how to navigate there...dont know...searched google on some dummy course on excell but looks like if I start learning excell till that time u will come up with 10 beta versions:D

I just wanted to know if u could navigate me how to reach the codes and let me know some sites where I can go in and get some knowledge that is related to the excell u have used...that will lessen my time...because flow is not just pivots but the use of other concepts like ERL, VRL, DERL,VPS and many more that makes flow a lethal trading system, and modifying ur code with all those needs knowledge in excell...
plz guide me so that even I can make ur excell even more efficient using my knowledge abt flow...
aimer if you have any Programming Back ground then it is very easy task
(for that you should know both excel and visual basic) Only Excel Knowledge not sufficient.

Yes Flow Has Lot of Concepts Like ERL,VRL,DERL etc, did you have enough under standing of that??.
Since in Saint Threads all concepts are explained for Traders Not for Programmers So Real rich Experience needed to enhance utility apart from Programming Knowledge.

In My Experience I tried to Program Sh Swing method which is widely discussed in traderji. But failed because most of decisions made from visuals I think it will suits for flow also.

Any way Healthraj Initiated very good attempt that too using excel all the best to him
 
Last edited:

healthraj

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

aimer if you have any Programming Back ground then it is very easy task
(for that you should know both excel and visual basic) Only Excel Knowledge not sufficient.

Yes Flow Has Lot of Concepts Like ERL,VRL,DERL etc, did you have enough under standing of that??.
Since in Saint Threads all concepts are explained for Traders Not for Programmers So Real rich Experience needed to enhance utility apart from Programming Knowledge.

In My Experience I tried to Program Sh Swing method which is widely discussed in traderji. But failed because most of decisions made from visuals I think it will suits for flow also.

Any way Healthraj Initiated very good attempt that too using excel all the best to him
Please provide pointers to ERL, VRL, DERL and Sh Swing method. Will try to program in Excel
 

SaravananKS

Well-Known Member

aimer

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

aimer if you have any Programming Back ground then it is very easy task
(for that you should know both excel and visual basic) Only Excel Knowledge not sufficient.

Yes Flow Has Lot of Concepts Like ERL,VRL,DERL etc, did you have enough under standing of that??.
Since in Saint Threads all concepts are explained for Traders Not for Programmers So Real rich Experience needed to enhance utility apart from Programming Knowledge.

In My Experience I tried to Program Sh Swing method which is widely discussed in traderji. But failed because most of decisions made from visuals I think it will suits for flow also.

Any way Healthraj Initiated very good attempt that too using excel all the best to him
Thanks Saravan,
Ya looks like will have to start learning Excel and vis basic so that even I can tweek the system according to my plan...regarding Flow, I am trading Flow since traderji time when it was Flow 60...latter it was modified several times and various new versions like flow 30, 15 and even 5 came and have traded all of them...so no probs there...
Would like to know that to learn AFL what else I have to learn other then Excel and Visbasic? want to learn AFL coding also...
Waiting for ur reply...
Thanks in advance:)
 

SaravananKS

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

Thanks Saravan,
Ya looks like will have to start learning Excel and vis basic so that even I can tweek the system according to my plan...regarding Flow, I am trading Flow since traderji time when it was Flow 60...latter it was modified several times and various new versions like flow 30, 15 and even 5 came and have traded all of them...so no probs there...
Would like to know that to learn AFL what else I have to learn other then Excel and Visbasic? want to learn AFL coding also...
Waiting for ur reply...
Thanks in advance:)
Aimer,
Since you are trading in flow I don't Know whether you are earning or not

if you are earning then you don't require any things except simple charting software like ami



if you want to test flow you can do both ways using manual backtesting or automated backtesting through AFL
for Manual Back test you don't require any Programming skills at all

Though I can do both I still Prefer Manual

You Have not mentioned whether you have any your own ideas to test through AFL

Case 1
if u have some ideas you Post in this forum many people here are good programmers then you will get AFL

if your logic is very simple then it can be done with excel it self (Only different in excel it is very tough to backtest )
Case 2

if you want learn Writing AFL then I would suggest the following methods

  • Learn C/C++ You can learn it from any local computer institute

    Since Amibroker it self written in c++ and AFL is similar to C language
  • then Start writing simple AFLs using amibroker wizard
  • Also go thoroughly Traderji amibroker section

if your Motive is only earning then forget all and remember only one rule
Cut your Losses Let Your profit Run

I am saying this rule after testing lot of trading systems and no system will work in all times
but the rule wins in all time even it worked in simple coin toss.

I did not see any good system with winning ratio more than 50%

I am not sure whether one can earn 652 Lakhs in 497 Trading days with 1 Lakh Trading capital But one earn a decent profit with system that has only 20% winning ratio

all the best :thumb:
 

healthraj

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

Thanks for the link. For MTP I am not sure if 60min Flow would be relevant. Anyways I went through the 30min Flow Level 2, just for the concepts. So the ERL, DERL, Gaps, WRBs, DAREA, Flags, EOD Reversal are covered in detail..

But most of them are to do with the EXIT of positions and Reversals. Since MTP is for Intraday, For Exit of Positions strictly follow targets rather than getting carried by statement like "Cut your Losses Run your profits". So do not "Run your profits. Close when target is reached". For example in NIFTY if 25 points is First Target then close 50% of positions at 25 points profit. And similarly close the rest 50% at 50 points profit.

Remember the FLOW method was originally written with 60 minute and then converted to 30 minute all keeping Trending markets in mind and for carrying the positions overnight or simply put for "Positional Trading". My strategy of MTP is Enter at the right point and exit when Targets are reached. And look for Fresh opportunities to Enter. In best case when the market is in STRONG BULL or BEAR Mode, you can carry say 25-50% of positions for so called HUGE Profit. Even in that case I would rather close 100% and Reenter for BREAKOUT/BREAKDOWN...

If we are able to make 20-25 points on an average daily in MTP then we should be fine. Do not look for some 50+ points everyday.

My humble opinion is that it would not be possible to automate all the concepts in the FLOW method because first of all it is not necessary.
 

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