Amibroker afl for dhiraj 2652 method
- Thread starter vinodkiyer
- Start date
kkr,
i observed few mistakes on yr trades.
1. risk amount shoul be same in all trades. u cant lose 4000 rs in ine scrip an gain only 1200 in another. u cant acheive this with futures. trade cash. make sure ur money mgmt is proper
2. dont trade ierent stocks on diferent days. have a basket of 10 and do only among those
3. pick good stocks. not wipro, not maruti. top 10 could be SBI, DLF, TATASTEEL, AXIS BANK, ICICI BANK, INFOSYS, LT, ABAN, BHEL, RIL
4. always try to take 2nd trades. even 3rd trades. in fact, take only 2nd trads. you will get atleast 2 from that basket. take only those 2. what matters is profits not how many trades u do in a day
5. start with low budget and start building with confidence. avaoid mistakes. no trades after 2:30, close all trades by 3 PM
i observed few mistakes on yr trades.
1. risk amount shoul be same in all trades. u cant lose 4000 rs in ine scrip an gain only 1200 in another. u cant acheive this with futures. trade cash. make sure ur money mgmt is proper
2. dont trade ierent stocks on diferent days. have a basket of 10 and do only among those
3. pick good stocks. not wipro, not maruti. top 10 could be SBI, DLF, TATASTEEL, AXIS BANK, ICICI BANK, INFOSYS, LT, ABAN, BHEL, RIL
4. always try to take 2nd trades. even 3rd trades. in fact, take only 2nd trads. you will get atleast 2 from that basket. take only those 2. what matters is profits not how many trades u do in a day
5. start with low budget and start building with confidence. avaoid mistakes. no trades after 2:30, close all trades by 3 PM
Dear BandLab:
The risk amount was higher as I was simply following the original advice of doubling stakes (i.e., 2 Lot instead of 1 Lot earlier) to recover back earlier loss.
I was only trading Maruti as it had failed 3 consecutive times earlier. When I traded the 4rth time, it failed yet again. When I did NOT trade on the 5th occasion, it finally made profits.
On Friday, I traded BHEL, HDFC and HDFC Bank. They had all failed on Thursday. On Friday all 3 trades failed yet again. Later in the day, I recovered my losses in BHEL by doubling the stakes, as per the strategy. HDFC and HDFC bank never recovered back my lost money. i.e., Both of these stocks are following the path of Maruti.
Apparently, you are right that this strategy works only on a particular group of stocks. I think this is where my mistake lies.
BandLab, I got a question for you. What does one do if you trade a stock, but the stock never hits profit targer nor does it hit the stop loss. Is this considered a failed trade if I lost money on such a trade which got closed by EOD.
The risk amount was higher as I was simply following the original advice of doubling stakes (i.e., 2 Lot instead of 1 Lot earlier) to recover back earlier loss.
I was only trading Maruti as it had failed 3 consecutive times earlier. When I traded the 4rth time, it failed yet again. When I did NOT trade on the 5th occasion, it finally made profits.
On Friday, I traded BHEL, HDFC and HDFC Bank. They had all failed on Thursday. On Friday all 3 trades failed yet again. Later in the day, I recovered my losses in BHEL by doubling the stakes, as per the strategy. HDFC and HDFC bank never recovered back my lost money. i.e., Both of these stocks are following the path of Maruti.
Apparently, you are right that this strategy works only on a particular group of stocks. I think this is where my mistake lies.
BandLab, I got a question for you. What does one do if you trade a stock, but the stock never hits profit targer nor does it hit the stop loss. Is this considered a failed trade if I lost money on such a trade which got closed by EOD.
kkr,
few tweaks i made
each day is fresh. yesteray results dont matter today. if it was lose ay yesterday, so be it. start on a clean slate
i dont double qty on 2nd trade. instead i increase my profit to 0.82%. also all first trades sl 0.65, profit 0.65
i have few othe tweaks , as mentioned in vinod afl. like sma, slope etc.
i try to trade more stocks in a day, so e can get some profits. on friday i gained in sail, axisbank, sbi, punj etc and lost in hdfc,infosys, hcbank
few tweaks i made
each day is fresh. yesteray results dont matter today. if it was lose ay yesterday, so be it. start on a clean slate
i dont double qty on 2nd trade. instead i increase my profit to 0.82%. also all first trades sl 0.65, profit 0.65
i have few othe tweaks , as mentioned in vinod afl. like sma, slope etc.
i try to trade more stocks in a day, so e can get some profits. on friday i gained in sail, axisbank, sbi, punj etc and lost in hdfc,infosys, hcbank
Failures on 12/11:
Axis Bank, HDFC Bank, L&T, M&M (failed 2 times in the same day), SBI, TCS and Tata Motors.
Traded Tata Motors today and it failed again. Then Traded Reliance, it too failed. Traded DLF, it too hit Stop Loss. Did not trade TCS (as it was not in your preferred list). TCS was profitable. Missed trading opportunity in Axis Bank as it happened too fast. Axis Bank made enhanced profit.
So far 3 failures and no success at all. Looks like I get the worst kind of luck with this trading system.
Axis Bank, HDFC Bank, L&T, M&M (failed 2 times in the same day), SBI, TCS and Tata Motors.
Traded Tata Motors today and it failed again. Then Traded Reliance, it too failed. Traded DLF, it too hit Stop Loss. Did not trade TCS (as it was not in your preferred list). TCS was profitable. Missed trading opportunity in Axis Bank as it happened too fast. Axis Bank made enhanced profit.
So far 3 failures and no success at all. Looks like I get the worst kind of luck with this trading system.
Reliance failed on Fri and yet again on Mon. So did ICICI. So did Bank Nifty. Seems like the system does not provide any guarantee. Today I traded RIL for profits (did not give enhanced profits so booked myself out around 0.5%). No trades on ICICI yet. Looks like Bank Nifty is heading for the 3rd successive failure if it does not trade below 9157 or it hits SL just above 9200.......
Today, nearly all of the failed trades from the previous day failed again !!!
ALL scrips are NOV futures.
Bank Nifty is having its 4rth consecutive LOSS.
Bank Nifty Buy was to be initiated at 9318 with a SL of 9223 and change. Once bought, it hit day's high of 9320 (JUST 2 points above BUY price). From then on, it started moving downwards before it got stopped out at 9223. Days low was 9195. Now it is trading (at 9240) just above SL of 9223.
ICICI Bank is having its 3rd consecutive LOSS.
ICICI was to be bought at 916.10. It traded for a few minutes above the buy price. High was 917. SL was 906.9. It traded till about 902 and change and immediately it went back up above 907. Now it is currently traduing at 908. ALMOST LIKE THE STOCK WANTED THE TRADER TO PERFECTLY LOSE MONEY.
HCL is having its 3rd consecutive LOSS.
HCL Buy was to be initiated at 343.60 with a SL of 340.20. Once bought, it hit day's high of 345.40 (JUST 20 paise below TARGET price). From then on, it started moving downwards before it got stopped out at 340.20. Low after trade was initiated was 339. Now it is trading (at 341.50) just above SL of 340.20. ALMOST LIKE THE STOCK WANTED THE TRADER TO PERFECTLY LOSE MONEY.
BHEL is having its 2nd consecutive LOSS.
BHEL was to be bought at 2281.80. It traded for a few minutes above the buy price. High was 2285. SL was 2259. It traded till about 2257 and change triggering SLs and now it is back up to 2272. ALMOST LIKE THE STOCK WANTED THE TRADER TO PERFECTLY LOSE MONEY.
SBI is having its 2nd consecutive LOSS.
SBI was to be bought at 2346.10. After that SBI traded above the buy price. High was 2357. Initial Price target was 2357.85. Then it started moving downwards. It traded till about 2325 and change just missing the SLs at 2322.60 and now it is back up to 2337. Is SBI heading for its 2nd successive failure ?
Alas, SL of 2322.60 was hit for SBI. It traded till about 2320 and change triggering SLs and now it is back up to 2332. So SBI also made its 2nd consecutive failure. ALMOST LIKE THE STOCK WANTED THE TRADER TO PERFECTLY LOSE MONEY.
L&T is currently trading at a small PROFIT.
L&T was to be SHORTED at 1631.40. After that L&T traded above the SHORT price all the way to 1642. Currently L&T is trading at 1630. Target price is 1623.25/1618.20 SL = 1647.70. Is L&T also heading for its 3rd successive failure ?
L&T ended the day at 1630.50. A profit of Rs 1/share.
SUCCESSES
Tata Steel, which FAILED yesterday, made profit and enhanced profit today.
Tata Power, which FAILED previously, made only the Initial price target profit. It has not made the enhanced profit till now.
AirTel which SUCCEEDED yesterday also made profits today.
I am sorry to say this. But this strategy of looking for 0.50% profits with a RISK of 1% is the IDEAL WAY TO LOSE ONE's MONEY. The system does NOT guarantee profits even after 2 or 3 consecutive LOSSES.
2652 does NOT work as stated earlier.
ALL scrips are NOV futures.
Bank Nifty is having its 4rth consecutive LOSS.
Bank Nifty Buy was to be initiated at 9318 with a SL of 9223 and change. Once bought, it hit day's high of 9320 (JUST 2 points above BUY price). From then on, it started moving downwards before it got stopped out at 9223. Days low was 9195. Now it is trading (at 9240) just above SL of 9223.
ICICI Bank is having its 3rd consecutive LOSS.
ICICI was to be bought at 916.10. It traded for a few minutes above the buy price. High was 917. SL was 906.9. It traded till about 902 and change and immediately it went back up above 907. Now it is currently traduing at 908. ALMOST LIKE THE STOCK WANTED THE TRADER TO PERFECTLY LOSE MONEY.
HCL is having its 3rd consecutive LOSS.
HCL Buy was to be initiated at 343.60 with a SL of 340.20. Once bought, it hit day's high of 345.40 (JUST 20 paise below TARGET price). From then on, it started moving downwards before it got stopped out at 340.20. Low after trade was initiated was 339. Now it is trading (at 341.50) just above SL of 340.20. ALMOST LIKE THE STOCK WANTED THE TRADER TO PERFECTLY LOSE MONEY.
BHEL is having its 2nd consecutive LOSS.
BHEL was to be bought at 2281.80. It traded for a few minutes above the buy price. High was 2285. SL was 2259. It traded till about 2257 and change triggering SLs and now it is back up to 2272. ALMOST LIKE THE STOCK WANTED THE TRADER TO PERFECTLY LOSE MONEY.
SBI is having its 2nd consecutive LOSS.
SBI was to be bought at 2346.10. After that SBI traded above the buy price. High was 2357. Initial Price target was 2357.85. Then it started moving downwards. It traded till about 2325 and change just missing the SLs at 2322.60 and now it is back up to 2337. Is SBI heading for its 2nd successive failure ?
Alas, SL of 2322.60 was hit for SBI. It traded till about 2320 and change triggering SLs and now it is back up to 2332. So SBI also made its 2nd consecutive failure. ALMOST LIKE THE STOCK WANTED THE TRADER TO PERFECTLY LOSE MONEY.
L&T is currently trading at a small PROFIT.
L&T was to be SHORTED at 1631.40. After that L&T traded above the SHORT price all the way to 1642. Currently L&T is trading at 1630. Target price is 1623.25/1618.20 SL = 1647.70. Is L&T also heading for its 3rd successive failure ?
L&T ended the day at 1630.50. A profit of Rs 1/share.
SUCCESSES
Tata Steel, which FAILED yesterday, made profit and enhanced profit today.
Tata Power, which FAILED previously, made only the Initial price target profit. It has not made the enhanced profit till now.
AirTel which SUCCEEDED yesterday also made profits today.
I am sorry to say this. But this strategy of looking for 0.50% profits with a RISK of 1% is the IDEAL WAY TO LOSE ONE's MONEY. The system does NOT guarantee profits even after 2 or 3 consecutive LOSSES.
2652 does NOT work as stated earlier.
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hey there...i am a new user of amibroker nd have no idea....can u plz help me by giving me formluas that give intraday buy-selll signal with high accuracy....i will be very thankfull to u.... if possible do mail at
[email protected]
with all instruction thnks a lot.....in advance
[email protected]
with all instruction thnks a lot.....in advance
ashwin,
From what I read, I think after 10:45 AM, you will have to consistently update the high/low figure to generate new buy/sell signals. Do not use 10:35 AM data if high/low range has changed since 10:45 AM.
Also, after a SL target is hit, you will need to update high/low so that newer BUY/SELL signal can be generated.
I am working on a spreadsheet that tracks hits and misses for this week on a sample size of 20+ large cap (mainly Index) stocks. I hope to be able to upload the results pretty soon. First cut shows that the stats for this week is notably pathetic. (20th data is yet to be accounted, so do not know how it will turn out)
From what I read, I think after 10:45 AM, you will have to consistently update the high/low figure to generate new buy/sell signals. Do not use 10:35 AM data if high/low range has changed since 10:45 AM.
Also, after a SL target is hit, you will need to update high/low so that newer BUY/SELL signal can be generated.
I am working on a spreadsheet that tracks hits and misses for this week on a sample size of 20+ large cap (mainly Index) stocks. I hope to be able to upload the results pretty soon. First cut shows that the stats for this week is notably pathetic. (20th data is yet to be accounted, so do not know how it will turn out)
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