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 -

Hi Raj and Prabhsingh


Trust you are doing well.

I have your excel file name RAJ MTP for NIFTY. Wondering how to use it. As it say buy above 5436 and today open at 5350 and low was 5435. should we enter only 5436???


Please help me for understanding your excel.

Regards
 

healthraj

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

Sir

I have Raj MTP FOR Nifty Excel file, pls anyone can guide me when to buy n sell nifty.
Hi Narendra,

Please wait till tomorrow EOD so that you will have a version where it will give you the Buy@, Stoploss and Targets. But for your understanding the version 2.3 was based on the Saint's FLOW method. I had also shared the pdf which explains the FLOW method. Please go through that so that you will understand on howto use BUYABOVE/ SELLBELOW levels.
 
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Thanks Raj i will wait for your new version......let me go through PDF file. if you have direct link pls do provide me.

Regards
Narendra
 

healthraj

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

Raj,

Dont you think we should ignore 09:10 timing data that we get from google because thats Pre-Market data and real data that is effective starts from 09:20.Just a thought.
You are right and I normally don't take those data which is falling before 9:15 AM and after 3:30 pm. You can see the logic in the function CleanupGoogleData

You can see the following line in the code...
"If (minuteOffset > 550) And (minuteOffset < 930 + interval) Then"

Basically 550 timestamp stands for 9:10 and 930 stands for 15:30....

Google normally gives the data between 9 AM and 16:30
 

prabhsingh

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

You are right and I normally don't take those data which is falling before 9:15 AM and after 3:30 pm. You can see the logic in the function CleanupGoogleData

You can see the following line in the code...
"If (minuteOffset > 550) And (minuteOffset < 930 + interval) Then"

Basically 550 timestamp stands for 9:10 and 930 stands for 15:30....

Google normally gives the data between 9 AM and 16:30
Raj,

You might need to reconsider the value for 15:30 time because to me that seems to be incorrect.For today,closing value of Nifty thats displayed in the tool is 5431 wheras actual value should be 5435.35.

Google is giving 5435.35 but thats coming after 15:30.So we might need to incorporate 15:40 value into 15:30 so that final value comes correct one.

What are your thoughts for same?
 

healthraj

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

Link for the RAJ MTP Version 3.0 BETA.

Please find below the link for the Version 3.0 BETA. See the Readme Sheet on how to use the tool. The code is protected with a password. Please do not ping me for the password.

http://www.4shared.com/zip/UAbPEsHl/RAJ_MTP_FOR_NIFTY_and_BANKNIFT.html
 

healthraj

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

Raj,

You might need to reconsider the value for 15:30 time because to me that seems to be incorrect.For today,closing value of Nifty thats displayed in the tool is 5431 wheras actual value should be 5435.35.

Google is giving 5435.35 but thats coming after 15:30.So we might need to incorporate 15:40 value into 15:30 so that final value comes correct one.

What are your thoughts for same?
It is already taken based on the timeframe you are using for 10 minute it would be till 15:40, 15 minutes it would be 15:45 and so on...
 

guptak03

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

Link for the RAJ MTP Version 3.0 BETA.

Please find below the link for the Version 3.0 BETA. See the Readme Sheet on how to use the tool. The code is protected with a password. Please do not ping me for the password.

http://www.4shared.com/zip/UAbPEsHl/RAJ_MTP_FOR_NIFTY_and_BANKNIFT.html
Excellent Raj ji..tnk u for this version:clap: that read me sheet is very hlp full for every one:clapping:
 

healthraj

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

There is one point I forgot to update in the "Readme" sheet regarding the "FLAT" signal after opening the positions

The scenario is as follows. For example let us say we have taken a LONG Position. And after taking the LONG position, "FLOW Signal" indicates a "FLAT" signal and so the Stock recommendation becomes void. What should be done?

Check the RENKO/FLOW chart for the Higher timeframe. If the trend is in line with the LONG position, then HOLD the position. If the Higher Time frame indicates a SHORT trend, then better to close the position and wait for the next BUY/SELL signal... So for Opening and closing the position always use the Higher timeframe. The Faster/lower timeframe is used only to Buy Additional positions or to book partial profits...

Safe traders and who are fans of FLOW can always take positions at the "ADD MORE @" prices...
 

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