Amibroker afl for dhiraj 2652 method

A

ashwinurao

New Member
#102
#102
kkr555 said:
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.
Click to expand...
Hey, but if we keep doing that then it will never hit Buy/ShortSell, because the Buy/Short Sell price will always be above the present_day_high and present_day_low from what I understand.
kkr555 said:
Also, after a SL target is hit, you will need to update high/low so that newer BUY/SELL signal can be generated.
Click to expand...
Ah, that makes sense. Another crazy thing that I have encountered last week was the Stop Loss Sell of the Long order was frikkin close to the Short Sell order of the Short trade. So, according to the theory when the SL was hit, I initiated second trade and this was almost instantaneous. Last week was crazy, so many double losses(second trade also ended in loss). I will try to initiate the second trade with updated high/low.
kkr555 said:
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)
Click to expand...
Please do. Lets hope this bad run for this theory ends soon.
 
A

ashwinurao

New Member
#103
#103
For all the people who complain that Dhiraj's method does not work, let me just show you my trades for Friday(20/11). Mind you, Friday was a very volatile day as initially most of the stocks were negative biased and later at around 1:30 they shot up like crazy.

PROFIT TRADES:
============
SUZLON:
SS -> 74.4 @ 11:02
B -> 74.0 @ 11:06

HDFCBANK:
B -> 1728.1 @ 10:52
S -> 1736.7 @ 12:06

HDFC:
B -> 2769.6 @ 10:16
S -> 2783.4 @ 11:29

RELCAP:
SS -> 874 @ 10:22
B -> 869 @ 10:59

RIL:
B -> 2084.9 @ 11:15
S -> 2095 @ 1:50

BHARTI:
SS -> 286 @ 12:35
B -> 284 @ 12:51

SBI:
B -> 2292.3 @ 1:52
S -> 2303 @ 2:06


First trade loss, Enchanced trade PROFIT - 0.8% :
======================================
ICICI BANK:
SS -> 859.4 @ 1:00
B -> 868 @ 1:35
--Second trade initiated--
B -> 888.6 @ 2:11
S -> 895 @ 2:31

L&T:
B -> 1622.2 @ 10:16
SS -> 1606 @ 12:41
--Second trade initiated--
B -> 1622.2 @ 1:45
S -> 1635 @ 2:44


LOSS:
====
INFOSYS - Third trade does hit profit, but I didn't trade
BHEL
EDUCOMP

I'm lazy to write down the trade times but these 3 stocks hit StopLoss.

So, there you have it. With such a high success rate, I would call it a frikkin good method. One thing you have to notice is that you should trade in as many stocks as possible. Do not restrict yourself to less than 5 stocks or else you will be disappointed.
 
K

kkr555

Member
#104
#104
"because the Buy/Short Sell price will always be above the present_day_high and present_day_low"

True, but at one point when the spread between day_high/day_low and current price is 0.10 (10 paisa) or so you know that either the BUY/SELL call is about to be triggered. And before you can update the price, either the BUY/SELL call will be triggered. And once the BUY/SELL call is triggered, you DO NOT ENTER new HIGH/LOW until SL is hit. This is to ensure that the Target 1/Target 2/Stop Loss levels don't get modified while you are in a trade.

Let me give you a real example with Nifty Futures.

19/11 High = 5049.00
19/11 Low = 4962.10

20/11 10:15 AM High = 4980.00
20/11 10:15 AM Low = 4965.00

Plugging in the values,

BUY = 5002.70
BUY SL = 4952.70
BUY TARGET 1 = 5027.70
BUY TARGET 2 = 5043.20

SELL = 4942.30
SELL SL = 4991.70
SELL TARGET 1 = 4917.60
SELL TARGET 2 = 4902.25

Hereon, assume hypothetically just for explanation.

Let us say, NF stay in the same range of 4965 to 4980 till 11 AM. (i.e., 10:35 AM does not alter the BUY/SELL prices in anyway)

Say, at 11:01 AM, Nifty Futures hits a high of 4990. Now, when you enter this new high information into spreadsheet, it is only the SELL price that gets altered. The BUY price still remains at 5002.70. Note here, that only the BUY STOP LOSS (may) gets altered.

So at 11:01 AM,

19/11 High = 5049.00
19/11 Low = 4962.10

20/11 11:01 AM High = 4990.00
20/11 11:01 AM Low = 4965.00

Plugging in the values,

BUY = 5002.70
BUY SL = 4952.70
BUY TARGET 1 = 5027.70
BUY TARGET 2 = 5043.20

SELL = 4952.30
SELL SL = 5001.80
SELL TARGET 1 = 4927.55
SELL TARGET 2 = 4912.20


Say at 11:30 AM, Nifty hits a high of 5002.60 Now when you enter this new high information into spreadsheet, it is only the SELL price that gets altered. The BUY price still remains at 5002.70. Note here, that only the BUY STOP LOSS (may) gets altered.


So at 11:30 AM,

19/11 High = 5049.00
19/11 Low = 4962.10

20/11 11:30 AM High = 5002.60
20/11 11:30 AM Low = 4965.00

Plugging in the values,

BUY = 5002.70
BUY SL = 4964.90 <= Stop Loss changed from 4952.70 to 4964.90 since SELL price is now higher than SL
BUY TARGET 1 = 5027.70
BUY TARGET 2 = 5043.20

SELL = 4964.90
SELL SL = 5014.50
SELL TARGET 1 = 4940.05
SELL TARGET 2 = 4924.65


Say at 11:31 AM, Nifty hits a high of 5002.70,

YOUR BUY would have triggered and hence you keep the data with no modifications until STOP LOSS or Profits are reached.

So at 11:31 AM,

BUY = 5002.70
BUY SL = 4964.90
BUY TARGET 1 = 5027.70
BUY TARGET 2 = 5043.20

SELL = 4964.90
SELL SL = 5014.50
SELL TARGET 1 = 4940.05
SELL TARGET 2 = 4924.65


ashwinurao said:
Hey, but if we keep doing that then it will never hit Buy/ShortSell, because the Buy/Short Sell price will always be above the present_day_high and present_day_low from what I understand.
Click to expand...
 
Last edited:
A

ashwinurao

New Member
#105
#105
kkr555 said:
Now, when you enter this new high information into spreadsheet, it is only the SELL price that gets altered. The BUY price still remains at 5002.70. Note here, that only the BUY STOP LOSS (may) gets altered.
Click to expand...
Ah, yes. How did I miss that. A new high will alter sell price and new low will alter buy price. :)

Although I am still not certain if it is advised to alter the targets. I dont see it mentioned anywhere by Dhiraj. Do you see it written anywhere or is this something you have arrived at by yourself?

kkr555 said:
Say at 11:30 AM, Nifty hits a high of 5002.60 When you enter this new high information into spreadsheet, it is only the SELL price that gets altered. The BUY price still remains at 5002.70.

So at 11:30 AM,

BUY = 5002.70
BUY SL = 4964.90 <= Stop Loss changed from 4952.70 to 4964.90
BUY TARGET 1 = 5027.70
BUY TARGET 2 = 5043.20

SELL = 4964.90
SELL SL = 5014.50
SELL TARGET 1 = 4940.05
SELL TARGET 2 = 4924.65
Click to expand...
Why did you reduce the Stop Loss percentage on the Long side? Did you just keep it so that it is above the Sell on the Short order? Is it ok to reduce the loss percentage from 1% ?
 
K

kkr555

Member
#106
#106
ashwin,

I am NOT complaining. I am only stating the FACTs.

Here is a brief summary of my stats:


On Nov 16,

Total # Trades Tracked: 15

# Trades SUCCEED = 2
# Trades SUCCEED with ENHANCED PROFIT = 4
# Trades ending with a GAIN = 0
# Trades ending with a NO GAIN/NO LOSS = 0
# Trades FAILED = 7
# Trades ending with a LOSS = 2

NET Profit or Loss = (2 * 0.5%) + (4 * 0.81%) + (0 * .25%) - (7 * 1%) - (2 * 0.25%) = -3.26% LOSS

Starting Principal Amt = Rs 1,00,000.00
Net Gain/Loss for the day = Rs 3,260.00 LOSS
Ending Principal Amt EOD Nov 16 = Rs 96,740.00


On Nov 17,

Total # Trades Tracked: 14

# Trades SUCCEED = 0
# Trades SUCCEED with ENHANCED PROFIT = 6
# Trades ending with a GAIN = 0
# Trades ending with a NO GAIN/NO LOSS = 0
# Trades FAILED = 5
# Trades ending with a LOSS = 3

NET Profit or Loss = (0 * 0.5%) + (6 * 0.81%) + (0 * .25%) - (5 * 1%) - (3 * 0.25%) = -0.89% LOSS

Starting Principal Amt = Rs 96,740.00
Net Gain/Loss for the day = Rs 860.99 LOSS
Ending Principal Amt EOD Nov 17 = Rs 95,879.01

On Nov 18,

Total # Trades Tracked: 14

# Trades SUCCEED = 3
# Trades SUCCEED with ENHANCED PROFIT = 3
# Trades ending with a GAIN = 0
# Trades ending with a NO GAIN/NO LOSS = 1
# Trades FAILED = 7
# Trades ending with a LOSS = 0

NET Profit or Loss = (3 * 0.5%) + (3 * 0.81%) + (0 * .25%) - (7 * 1%) - (0 * 0.25%) = -3.07% LOSS

Starting Principal Amt = Rs 95,879.01
Net Gain/Loss for the day = Rs 2943.49 LOSS
Ending Principal Amt EOD Nov 18 = Rs 92,935.52


On Nov 19,

Total # Trades Tracked: 26

# Trades SUCCEED = 4
# Trades SUCCEED with ENHANCED PROFIT = 11
# Trades ending with a GAIN = 0
# Trades ending with a NO GAIN/NO LOSS = 0
# Trades FAILED = 8
# Trades ending with a LOSS = 3

NET Profit or Loss = (4 * 0.5%) + (11 * 0.81%) + (0 * .25%) - (8 * 1%) - (3 * 0.25%) = +2.16% GAIN

Starting Principal Amt = Rs 92,935.52
Net Gain/Loss for the day = Rs 2007.41 GAIN
Ending Principal Amt EOD Nov 19 = Rs 94,942.93



Principal has depreciated from Rs 1,00,000 to Rs 94,942.93 (a LOSS of 5.06%) in a mere 4 days time. !!!

And these are hard core FACTs - not whining or moaning or complaining.


PS. I have been extremely generous with my assumptions here. (i) Brokerage is assumed to be ZERO. In reality, there is brokerage, STT, Stamp Duty, etc (ii) No slippage is taken into consideration. In reality, there is bound to be slippage. (iii) Not everyone will trade for Enhanced Profit (on a previously non-failed position). So taking a 0.81% profit instead of 0.50% is being way too generous. Despite all these generous favors, the system has LOST 5.06% in the first 4 days of the week. I wanted to post my excel spreadsheet....but since you mentioned I was complaining, I decided that it was time enough to show hard proof.


ashwinurao said:
For all the people who complain that Dhiraj's method does not work, let me just show you my trades for Friday(20/11). Mind you, Friday was a very volatile day as initially most of the stocks were negative biased and later at around 1:30 they shot up like crazy.

PROFIT TRADES:
============
SUZLON:
SS -> 74.4 @ 11:02
B -> 74.0 @ 11:06

HDFCBANK:
B -> 1728.1 @ 10:52
S -> 1736.7 @ 12:06

HDFC:
B -> 2769.6 @ 10:16
S -> 2783.4 @ 11:29

RELCAP:
SS -> 874 @ 10:22
B -> 869 @ 10:59

RIL:
B -> 2084.9 @ 11:15
S -> 2095 @ 1:50

BHARTI:
SS -> 286 @ 12:35
B -> 284 @ 12:51

SBI:
B -> 2292.3 @ 1:52
S -> 2303 @ 2:06


First trade loss, Enchanced trade PROFIT - 0.8% :
======================================
ICICI BANK:
SS -> 859.4 @ 1:00
B -> 868 @ 1:35
--Second trade initiated--
B -> 888.6 @ 2:11
S -> 895 @ 2:31

L&T:
B -> 1622.2 @ 10:16
SS -> 1606 @ 12:41
--Second trade initiated--
B -> 1622.2 @ 1:45
S -> 1635 @ 2:44


LOSS:
====
INFOSYS - Third trade does hit profit, but I didn't trade
BHEL
EDUCOMP

I'm lazy to write down the trade times but these 3 stocks hit StopLoss.

So, there you have it. With such a high success rate, I would call it a frikkin good method. One thing you have to notice is that you should trade in as many stocks as possible. Do not restrict yourself to less than 5 stocks or else you will be disappointed.
Click to expand...
 
Last edited:
K

kkr555

Member
#107
#107
STOP LOSS for LONG cannot be LESS than SELL PRICE. Since the SELL price starting rising above the SL price of 4952.70, the STOP LOSS price also had to be now equal to a SELL price (which is around 4964.00), Dhiraj specifically addressed this issue sometime in Jan/Feb of this year.

Dhiraj did mention specifically on updating the prices on each new high/low after 10:45 AM.

ashwinurao said:
Ah, yes. How did I miss that. A new high will alter sell price and new low will alter buy price. :)

Although I am still not certain if it is advised to alter the targets. I dont see it mentioned anywhere by Dhiraj. Do you see it written anywhere or is this something you have arrived at by yourself?



Why did you reduce the Stop Loss percentage on the Long side? Did you just keep it so that it is above the Sell on the Short order? Is it ok to reduce the loss percentage from 1% ?
Click to expand...
 
bandlab2

bandlab2

Well-Known Member
#108
#108
kkr555 said:
ashwin,

I am NOT complaining. I am only stating the FACTs.

Here is a brief summary of my stats:


On Nov 16,

Total # Trades Tracked: 15

# Trades SUCCEED = 2
# Trades SUCCEED with ENHANCED PROFIT = 4
# Trades ending with a GAIN = 0
# Trades ending with a NO GAIN/NO LOSS = 0
# Trades FAILED = 7
# Trades ending with a LOSS = 2

NET Profit or Loss = (2 * 0.5%) + (4 * 0.81%) + (0 * .25%) - (7 * 1%) - (2 * 0.25%) = -3.26% LOSS

Starting Principal Amt = Rs 1,00,000.00
Net Gain/Loss for the day = Rs 3,260.00 LOSS
Ending Principal Amt EOD Nov 16 = Rs 96,740.00


On Nov 17,

Total # Trades Tracked: 14

# Trades SUCCEED = 0
# Trades SUCCEED with ENHANCED PROFIT = 6
# Trades ending with a GAIN = 0
# Trades ending with a NO GAIN/NO LOSS = 0
# Trades FAILED = 5
# Trades ending with a LOSS = 3

NET Profit or Loss = (0 * 0.5%) + (6 * 0.81%) + (0 * .25%) - (5 * 1%) - (3 * 0.25%) = -0.89% LOSS

Starting Principal Amt = Rs 96,740.00
Net Gain/Loss for the day = Rs 860.99 LOSS
Ending Principal Amt EOD Nov 17 = Rs 95,879.01

On Nov 18,

Total # Trades Tracked: 14

# Trades SUCCEED = 3
# Trades SUCCEED with ENHANCED PROFIT = 3
# Trades ending with a GAIN = 0
# Trades ending with a NO GAIN/NO LOSS = 1
# Trades FAILED = 7
# Trades ending with a LOSS = 0

NET Profit or Loss = (3 * 0.5%) + (3 * 0.81%) + (0 * .25%) - (7 * 1%) - (0 * 0.25%) = -3.07% LOSS

Starting Principal Amt = Rs 95,879.01
Net Gain/Loss for the day = Rs 2943.49 LOSS
Ending Principal Amt EOD Nov 18 = Rs 92,935.52


On Nov 19,

Total # Trades Tracked: 26

# Trades SUCCEED = 4
# Trades SUCCEED with ENHANCED PROFIT = 11
# Trades ending with a GAIN = 0
# Trades ending with a NO GAIN/NO LOSS = 0
# Trades FAILED = 8
# Trades ending with a LOSS = 3

NET Profit or Loss = (4 * 0.5%) + (11 * 0.81%) + (0 * .25%) - (8 * 1%) - (3 * 0.25%) = +2.16% GAIN

Starting Principal Amt = Rs 92,935.52
Net Gain/Loss for the day = Rs 2007.41 GAIN
Ending Principal Amt EOD Nov 19 = Rs 94,942.93



Principal has depreciated from Rs 1,00,000 to Rs 94,942.93 (a LOSS of 5.06%) in a mere 4 days time. !!!

And these are hard core FACTs - not whining or moaning or complaining.


PS. I have been extremely generous with my assumptions here. (i) Brokerage is assumed to be ZERO. In reality, there is brokerage, STT, Stamp Duty, etc (ii) No slippage is taken into consideration. In reality, there is bound to be slippage. (iii) Not everyone will trade for Enhanced Profit (on a previously non-failed position). So taking a 0.81% profit instead of 0.50% is being way too generous. Despite all these generous favors, the system has LOST 5.06% in the first 4 days of the week. I wanted to post my excel spreadsheet....but since you mentioned I was complaining, I decided that it was time enough to show hard proof.
Click to expand...
i have been trading this method with several tweaks. i agree with kkr, recently this method is giving lots of false trades and losses. i am working on a tweak , in testing now, will post soon
 
annu

annu

Active Member
#109
#109
ashwinurao said:
Ah, yes. How did I miss that. A new high will alter sell price and new low will alter buy price. :)

Although I am still not certain if it is advised to alter the targets. I dont see it mentioned anywhere by Dhiraj. Do you see it written anywhere or is this something you have arrived at by yourself?








Old 14th January 2009, 01:07 PM
dhiraj11378 dhiraj11378 is offline
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Default Re: Best way of day trading - 2652 theory of trading
Quote:
Originally Posted by sachinsamani View Post
Dhiraj/ Sunil,

If we have HH or LLat 10.35 can we modify the oreder. Like in yesterday's case i modified my sell order as per H and L of 10.35 and eneded up in profitable short trade (with extended target of 0.8%)
hi
hope its a good trading day for all of u
just modify ur trades as per days high and low even after 10.35
but do not get in a fresh trade after 10.35
the reason is that u must have missed 0.4333 factor in that time .
but u must strictly modify ur trades as per high and lows





hi aswinrao





above is the copy of post no 134 of best way of day trading - 2652 theory and that is by Mr dheeraj originator of thread



according to this what i am getting point that after 10:35 we should modify our order as per new high low but our our factor should be remain same . factor should not be change after 10:15. if at 10:15 our factor was according to .4333 then for the whole the factor will remain constant.


please suggest i am getting right point or i am doing wrong paper trading according to this method.


now a days market is not going in a single trend so it is becoming difficult to get profit from this theory. friday was a day with full of speculation till 1:00 pm market was going down but suddenly market take rally and nifty was up by 100 point.
today market was also in uptrend but with full of up and down shocks
Click to expand...
 
Last edited:
annu

annu

Active Member
#110
#110
i will also post my paper trade according to theory . i am doing paper trading on the following share aban , axisbank , bhartiartl , bhel , dlf , educomp , icicibank , infosystch , jswsteel , lichsgfin , sbin , tata steel .
 
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