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

[SaravananKS]

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.

Yes Flow method is Purely Positional .For Intraday you can look swift or ambuse. if you able to automate these method then it would be great achievement:cheers:

 

[prabhsingh]

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

Saravanan,

Are there any docs available for swift or ambuse?

 

[SaravananKS]

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

Saravanan,

Are there any docs available for swift or ambuse?

It may be available in saint forum Still I have not complied all rules

 

[aimer]

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.

Even I referred Flow for Positional and not Intraday...for intraday there are various methods as explained by Saravan...And ERL/VRL and various other pointers as mentioned by u are not exit points as u have mentioned but those are early reversal points before the SAR points so that u enter the trend early...The greatest boon is that u can backtest it and see the results before hand before trading the system...

I dont think it is easy to earn 25 points in nifty on daily basis consistently as mentioned by u...also in flow it is not just the entry and exit but taking adds which is meat of the system and also there are profit bookings at various specified areas...thus just going through it once u cannot tell what is necessary and what is not in flow...

Ya I agree with u that it is difficult to code Saint Sir's Flow method...many came and many went, but none could code it...but If any one codes it it will be great...thus the quest for it continues...:thumb:

 

[prabhsingh]

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

Not sure if others are facing same issues or not but when 2007 excel sheet is opened in 2003 then in FData excel sheet Interval Column (E) is showing date as 14th Aug whereas it should display 21st Aug.With respect to this invalid Date,Renko chart is getting affected and its also showing 14th Aug for today.

Raj any comments?

 

[aimer]

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

Not sure if others are facing same issues or not but when 2007 excel sheet is opened in 2003 then in FData excel sheet Interval Column (E) is showing date as 14th Aug whereas it should display 21st Aug.With respect to this invalid Date,Renko chart is getting affected and its also showing 14th Aug for today.

Raj any comments?

Even in my renko chart the date shows 17Aug...and not the current date...Mine is excell 2007 with sp3 and everything enabled as posted few posts back...

 

[sholay]

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

Charts are not refreshing even in 2007 with sp3

 

[healthraj]

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

The date is worngly shown as either 14-aug or 17-aug. But the chart values are correct. There is problem with converting the Google timestamp to date, which I will work on... so please ignore the dates for the time being and look at only the chart values

 

[sholay]

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

Time is also showing 15.30 and value is at Buy above 5374 and sell below 5361. Not correct?

 

[healthraj]

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

Time is also showing 15.30 and value is at Buy above 5374 and sell below 5361. Not correct?

In such cases where the buy line is below the sell line, Please wait and take the call later...