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 .

Relish

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

I have following problem with MTP ver2.3

1 Nifty target are not changing, these are still fixed on one value.
2 Flow chart is not showing
3 there is no data for stock specific in stock tracker.
 
Last edited:

SaravananKS

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

prabhsingh; said:
Originally Posted by prabhsingh
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...
@ prabhsingh
While Developing software I thought that some simple calculation from pre.day Prices would give support and resistance based on that one can easily make money. as a first project I developed some modules to download RT Data.
then while I tried to backtest my strategy programatically I found some serious problem in yahoo data
after learning amibroker and AFL writing I realized that i am reinventing the same thing what amibroker has already given.
there after I used to write afl based on strategies what ever I am learning

Now I can Implement some success systems in to my software but nowadays it is easier for me to write an AFL than writing same logic in visual basic. since amibroker has given a platform to do the task easier.

coming to your question the application is still in developing stage currently it store EOD Future and options data in its own format.
you can get more infomation from my thread http://www.traderji.com/advanced-trading-strategies/32626-money-making-algorithms.html

@Raj,
I have not done much ahead apart from storing EOD Data in own format
and some basic strategies moreover it uses many properitory dll's.
so there is no useful to share the source unless i provide full documentation Nowadays I am concentrating more on trading than developing utilities

But I still hope that I can include whatever i learned from this market in to my tools:)
 

healthraj

Well-Known Member
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.
Ok Hope you have downloaded the version 2.3. This Renko chart I call it RENKO-FLOW chart because it is a combination of RENKO and Saint's FLOW method. It works in Excel 2007 with SP3. Please do the settings for Macros and Data connection as given in post number 839 and it should work
 

healthraj

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

I have following problem with MTP ver2.3

1 Nifty target are not changing, these are still fixed on one value.
2 Flow chart is not showing
3 there is no data for stock specific in stock tracker.
Hi,

Please check your internet connection. Hope you must be working in some restricted environment like office. Sholay one of the other member in this thread had a similar problem and he told that it was due to some internet restrictions in office. Also make sure that you do the macro settings and data connection settings as given in post number 839.

All the best
 

healthraj

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

@ prabhsingh
While Developing software I thought that some simple calculation from pre.day Prices would give support and resistance based on that one can easily make money. as a first project I developed some modules to download RT Data.
then while I tried to backtest my strategy programatically I found some serious problem in yahoo data
after learning amibroker and AFL writing I realized that i am reinventing the same thing what amibroker has already given.
there after I used to write afl based on strategies what ever I am learning

Now I can Implement some success systems in to my software but nowadays it is easier for me to write an AFL than writing same logic in visual basic. since amibroker has given a platform to do the task easier.

coming to your question the application is still in developing stage currently it store EOD Future and options data in its own format.
you can get more infomation from my thread http://www.traderji.com/advanced-trading-strategies/32626-money-making-algorithms.html

@Raj,
I have not done much ahead apart from storing EOD Data in own format
and some basic strategies moreover it uses many properitory dll's.
so there is no useful to share the source unless i provide full documentation Nowadays I am concentrating more on trading than developing utilities

But I still hope that I can include whatever i learned from this market in to my tools:)
What system are you using for trading? I am not asking whether you are using Amibroker or some software?. What is your system manual/automated to open and close the positions.
 
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Hi Raj,

Thanks for the response. I have downloaded v2.0 beta 2 Updated on 31-Jul-2012 .
 
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Ok Hope you have downloaded the version 2.3. This Renko chart I call it RENKO-FLOW chart because it is a combination of RENKO and Saint's FLOW method. It works in Excel 2007 with SP3. Please do the settings for Macros and Data connection as given in post number 839 and it should work
Hi Raj,

I have downloaded " v2.3 Updated on 21-Aug-2012".
All settings completed as per your guidance. Will check it out during trading session to the extent possible.

Thanks once again for the quick response.
 

SaravananKS

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

What system are you using for trading? I am not asking whether you are using Amibroker or some software?. What is your system manual/automated to open and close the positions.
Raj,
I am following Swing Trade system riding trends
my system is similar to 1-lac-turns-into-22-lac-1-yr-2-mths-6-days.html
it is completely automated system
I am still learning Flow and trying to in corporate as a automated

honestly I did not have any success full automated system for intraday
still searching that is the reason for my interest in this thread :)
 

healthraj

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

Raj,
I am following Swing Trade system riding trends
my system is similar to 1-lac-turns-into-22-lac-1-yr-2-mths-6-days.html
it is completely automated system
I am still learning Flow and trying to in corporate as a automated

honestly I did not have any success full automated system for intraday
still searching that is the reason for my interest in this thread :)
Saravanan,

Can you at least put down your thoughts on what you expect out of a Automated system? Let us see what we can do.
 

SaravananKS

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

Saravanan,

Can you at least put down your thoughts on what you expect out of a Automated system? Let us see what we can do.
Raj,

For Swing Trade the flow documentation is enough it covers most of probable areas while trading

For Intra-day automated system

Clear entry guidelines
Clear Stop Loss Guidelines
Clear Target Guidelines


Instead of buy above 5212 it needed to have buy @ 5212 sl 5195 Target 5249 etc

though it is very difficult to do in excel it is easily Possible to write an afl in amibroker.

another thing what I am expecting is track record of all calls

in amibroker one can visualize past data and check the system before initiating the trade

Frankly up to this Point I could not able to collect clearcut rules from this thread. I think you also developing the same as you have done charting part now you may include some strategies like flow.

one more thing to be needed while developing automated system there should be clear formula to identify the conditions (For example it is very difficult to identify visual pivots problematically )


this is what i expecting from an automated system

IMO if one system gives only levels then success and failure will based on one's knowledge and observations

:thumb:
 

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