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

[healthraj]

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

Raj Basically I am software Programmer by profession When I entered in market I thought i can develop a fully automated software.Then I started to write a software to Pull data from yahoo,NSE india, FII iinflow details etc so I spent lot time for enhancing the software rather than trying to earn in market. at one stage I stopped development of software and concentrated to learn various Strategies from forums Like TJ.

I also Paid some fees to get some serious method most of them were fake methods using charting tools only helped to identify that.

Using Charting software not only helps for trading it also helpful to back test the strategies before putting real amount in trade.

that helps to improves trading results.

Coming to your tool it gives only buy above sell below levels rest is based on traders judgement and knowledge

IMO for any successful trader it helps only tiny portions of their trading success. Even using simple Pivot Calculation one good trader can get good results using his commonsense

Frankly I don't know the your purpose developing this software whether you want earn using your software or you want earn by selling software or doing both

Since You started the thread as a title 1 lakh to 652 lakhs in 497 trading days using one trade per day

if it really working why you should include flow your excel sheet??
. As a Flow Trader I will know it is not Possible to convert 1 lakh in to 652 in 497 trading days

pardon me if i am hurting you in any way

Saravanan,

First of all, when we are in a forum of course people have different opinions. So you need not be apologetic in expressing your opinions. One of my manager used to say "Opinions are like assholes. Everybody has one"... So nothing wrong with your belief or opinions.

Coming to Why I need to develop the excel based software...
- First thing while developing you learn and you develop your own system
- Secondly I wanted a simple system, which I am not able to find in the industry. There are so many systems with of course a lot of info and sometimes it drives me crazy and it is really overwhelming.

Can somebody tell me why should we have so many indicators and all that and finally nothing works... And we have to pay for the software and the realtime data also.. Why all that? Don't you see some greater master plan behind all those things? The only plan is to make you loose money.

I am not saying my tool is a great tool, I always said it is just one step above the candlestick chart. When I look at a plain candlestick chart and the FLOW-RENKO chart you will agree that the RENKO FLOW chart gives a clear place to enter the trade... After that for EXIT it is a normal Risk management game.

Coming 1 lakh to 652 lakhs in 497 trading days using one trade per day It was just a theoretical strategy. Nothing wrong with that strategy. All great ideas are born with a theoretical research.

Since you are from Software industry it is born out of the 80/20 principle.

- Yes I started this thread for OTP, and the OTP system is very simple and have provided the excel tool. Slowly when this thread got progressed and I was also learning, I also got interested in MTP and that is how MTP got more focus.

I am happy if someone got benefited by this tool in a smaller way.

As I have been telling from the beginning I had no intention of selling the tool and to make money out of the tool.

Honestly speaking I am not convinced that I can sell this tool because I do not find anything great to sell excepting some free Google finance charts and some FLOW method. It is only my friend who feels that there is some value in this tool.

 

[Anillal]

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

Saravanan,

First of all, when we are in a forum of course people have different opinions. So you need not be apologetic in expressing your opinions. One of my manager used to say "Opinions are like assholes. Everybody has one"... So nothing wrong with your belief or opinions.

Coming to Why I need to develop the excel based software...
- First thing while developing you learn and you develop your own system
- Secondly I wanted a simple system, which I am not able to find in the industry. There are so many systems with of course a lot of info and sometimes it drives me crazy and it is really overwhelming.

Can somebody tell me why should we have so many indicators and all that and finally nothing works... And we have to pay for the software and the realtime data also.. Why all that? Don't you see some greater master plan behind all those things? The only plan is to make you loose money.

I am not saying my tool is a great tool, I always said it is just one step above the candlestick chart. When I look at a plain candlestick chart and the FLOW-RENKO chart you will agree that the RENKO FLOW chart gives a clear place to enter the trade... After that for EXIT it is a normal Risk management game.

Coming 1 lakh to 652 lakhs in 497 trading days using one trade per day It was just a theoretical strategy. Nothing wrong with that strategy. All great ideas are born with a theoretical research.

Since you are from Software industry it is born out of the 80/20 principle.

- Yes I started this thread for OTP, and the OTP system is very simple and have provided the excel tool. Slowly when this thread got progressed and I was also learning, I also got interested in MTP and that is how MTP got more focus.

I am happy if someone got benefited by this tool in a smaller way.

As I have been telling from the beginning I had no intention of selling the tool and to make money out of the tool.

Honestly speaking I am not convinced that I can sell this tool because I do not find anything great to sell excepting some free Google finance charts and some FLOW method. It is only my friend who feels that there is some value in this tool.

Great post sir. Nice to know that you have such a cool rational head. And in my little trading experience I have seen that indicators charts and this and that are of no use if you don't have cool head. So as per me there is no great plan out there to make you lose money. It is one's hotheadedness and irrationality that does the job. I read somewhere by a commodities broker that If you are desperate fool to make quick money then no matter what you do the market will figure this out and make you lose every cent. Frankly and I am not joking when I say this, that I pray that there should be fewer level headed people like you, reggie, ST in the market. More irrational hot-tempered big mouths are out there easier it is for me to make money in this zero sum game.

Couple of other things. I find it quite interesting that you could combine fluid flow method with rigid Renko charting technique, whose price action as you know is independent of vol and time and moves in bricks of fixed points (brick is called renga in japanese hence the name Renko). But the problem is both these methods require higher TFs and positional trading mindset to function effectively. And you are using the combo for Nifty or banknifty which are virtual instruments and very liquid and gaping up and down daily, therefore not suitable for Renko which required rigid price moving bands that is only possible in highspread instruments. Just my opinion sir, could be wrong.

On a lighter side you are right that 600lakhs with 1 lakh is definitely possibly theoretically. Just like our primeminister said 4 years ago that Mumbai will be as worldclass city as Shanghai in a decade. Go to Shanghai and then think of Mumbai and you will say to yourself not in my lifetime.

 

[prabhsingh]

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

Raj Basically I am software Programmer by profession When I entered in market I thought i can develop a fully automated software.Then I started to write a software to Pull data from yahoo,NSE india, FII iinflow details etc so I spent lot time for enhancing the software rather than trying to earn in market. at one stage I stopped development of software and concentrated to learn various Strategies from forums Like TJ.

I also Paid some fees to get some serious method most of them were fake methods using charting tools only helped to identify that.

Using Charting software not only helps for trading it also helpful to back test the strategies before putting real amount in trade.

that helps to improves trading results.

Coming to your tool it gives only buy above sell below levels rest is based on traders judgement and knowledge

IMO for any successful trader it helps only tiny portions of their trading success. Even using simple Pivot Calculation one good trader can get good results using his commonsense

Frankly I don't know the your purpose developing this software whether you want earn using your software or you want earn by selling software or doing both

Since You started the thread as a title 1 lakh to 652 lakhs in 497 trading days using one trade per day

if it really working why you should include flow your excel sheet??
. As a Flow Trader I will know it is not Possible to convert 1 lakh in to 652 in 497 trading days

pardon me if i am hurting you in any way

Saravanan,

While learning new trading strategies,did you never thought of implementing those Strategies in your tool.Was just non-availability of real time data forced you to loose interest in your tool.What i personally thing is that in order to be a long term winner,you have to understand details of particular Strategy.Now that could be on paper or on applications or on excel sheet or any other way but until and unless you dont ask yourself as "why" the results are coming this way and get an answer for those queries,sustaining for long term brings question marks.

Having said that,Is it possible if you can share more details about the application you build?

 

[healthraj]

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

Google Finance Feed to Amibroker

I think this thread has taken a different turn by the so called serious traders who are not comfortable with using Excel tool. So I also took a pause and was going through the Amibroker tool.
The only problem with the Amibroker is that for people trading from office location it would not be possible to use. So in that sense Yes, Amibroker is only for the Serious Real Traders....

Some of you were asking for Google Finance chart data to be fed into Amibroker. In traderji itself I saw a lot of tools available to feed from Yahoo, Google, NSE NOW throught the DDE technique.

If you guys still feel that you need a tool (Once again Excel only) to do the following, please let me know
1. Backfill Amibroker with say 1min data from Google finance for say last 15 days
2. Backfill 1 minute Futures data from NSEIndia (Available only for the current day). Backfill will work if you can run the tool before 9 AM. After 9 AM only today's data would be available. It is the same data avilable in the NSE TAME site. NSE TAME provides only for one day.
3. Once you have done the backfill, Refresh Amiborker with the realtime values every 1 minute.

I am not sure if the Excel tool will be performing. The technique is using the Amibroker COM/OLE interface and Adding the stock quotations directly to Amibroker. You don't need to setup anything.

As always I want to keep it simple. So from an usage and execution perspective the steps would be as follows
1. Open the Excel tool (Only 2007)
2. Open and Initialize Amibroker from Excel. (You have to worry about setting the right database)
3. Backfill Amibroker with past data (If required)
4. Start the Refresh to update Amibroker every 1 minute

Note: To refresh every 1 minute or whatver minutes should be configurable. those who are comfortable trading with 5 minute can refresh every 5 minute.

I was just exploring the Amibroker COM/OLE interface and it looks feasible to do the above. I have no interest to use Amibroker. Depending on the interest I can develope this tool and share it freely (This time without the source code ) :clap::clap:

Please also note that I am not an expert in Amibroker. I have installed Amibroker version 5.3 and so I hope it should work for version 5.3 and above.

 

[healthraj]

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

Saravanan,

While learning new trading strategies,did you never thought of implementing those Strategies in your tool.Was just non-availability of real time data forced you to loose interest in your tool.What i personally thing is that in order to be a long term winner,you have to understand details of particular Strategy.Now that could be on paper or on applications or on excel sheet or any other way but until and unless you dont ask yourself as "why" the results are coming this way and get an answer for those queries,sustaining for long term brings question marks.

Having said that,Is it possible if you can share more details about the application you build?

Yes Saravanan, If you are an IT guy you must stud in the programming. so why don't you share with us whatever you have developed. Something which you feel worthless might be worthful for other people, at least for beginners like us, who are trying to explore...

 

[anant.j]

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

where are the xsl file?

 

[healthraj]

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

Google Finance Feed to Amibroker

I think this thread has taken a different turn by the so called serious traders who are not comfortable with using Excel tool. So I also took a pause and was going through the Amibroker tool.
The only problem with the Amibroker is that for people trading from office location it would not be possible to use. So in that sense Yes, Amibroker is only for the Serious Real Traders....

Some of you were asking for Google Finance chart data to be fed into Amibroker. In traderji itself I saw a lot of tools available to feed from Yahoo, Google, NSE NOW throught the DDE technique.

If you guys still feel that you need a tool (Once again Excel only) to do the following, please let me know
1. Backfill Amibroker with say 1min data from Google finance for say last 15 days
2. Backfill 1 minute Futures data from NSEIndia (Available only for the current day). Backfill will work if you can run the tool before 9 AM. After 9 AM only today's data would be available. It is the same data avilable in the NSE TAME site. NSE TAME provides only for one day.
3. Once you have done the backfill, Refresh Amiborker with the realtime values every 1 minute.

I am not sure if the Excel tool will be performing. The technique is using the Amibroker COM/OLE interface and Adding the stock quotations directly to Amibroker. You don't need to setup anything.

As always I want to keep it simple. So from an usage and execution perspective the steps would be as follows
1. Open the Excel tool (Only 2007)
2. Open and Initialize Amibroker from Excel. (You have to worry about setting the right database)
3. Backfill Amibroker with past data (If required)
4. Start the Refresh to update Amibroker every 1 minute

Note: To refresh every 1 minute or whatver minutes should be configurable. those who are comfortable trading with 5 minute can refresh every 5 minute.

I was just exploring the Amibroker COM/OLE interface and it looks feasible to do the above. I have no interest to use Amibroker. Depending on the interest I can develope this tool and share it freely (This time without the source code ) :clap::clap:

Please also note that I am not an expert in Amibroker. I have installed Amibroker version 5.3 and so I hope it should work for version 5.3 and above.

In Amibroker 5.5 the Google and Yahoo Feeds are available freely through AmiQuote. So I don't think it is worth duplicating the effort.

http://www.marketcalls.in/amibroker/amiquote-now-supports-googleyahoo-intraday-datafeed.html

 

[healthraj]

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

where are the xsl file?

The link is given in my signature

 

[MANISH_DAMANI]

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

everything is possible in this world but not for everyone and every-time.

 

[smartrader]

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

Hi Raj,

I came across this thread & liked it so much that I went thru the entire thread non stop. I hv been trading for last couple of years on & off. I find it difficult to monitor the values during trading hrs. Excel based trading is better as so many indicators tend to confound me. I have been using MT4 & always wanted to use excel for trading. But since my knowledge of excel is at best rudimentary it was not possible for me to configure & use for trading.
In MT4 I have used renko charts for trading whenever possible & was wondering if renko charts you have posted are from excel. I have downloaded excel tool that you have developed but did not find renko charts & hence was wondering.
I must congratulate you for developing a system & sharing them with all. Thanks for sharing your trading ideas & wish you happy & plentiful pips.