BNF HIGH LOW trading stratagy

sspagro

sspagro

Banned
#1
#1
CHART IMAGE LINK: http://i.imgur.com/Dv27xSh.png?1

1. Go to I-charts site. Open eod banknifty future 1M chart.

2. Settings for chart: EMA: high,2 & EMA: low,2

3. How to get LONG or SHORT probable band range:
Best BUY range for next day: (ema low,2 value)-100 to (ema low,2 value)+60
Best SELL range for next day: (ema high,2 value)+125 to (ema low,2value)-70

4. Entry price: Enter only if you see Bnf open price in our buy/ sell range. You can still entre if open price is trading little bit closer to band (10 to 25 pts) entre or wait to come price in range for better confirmation. If it is opened out of range or too far from both buy/sell range band avoid trade for that day.

5. Stop loss: after execution place 115 points SL

6. Target: minimum 90 to 100 points from execution price (execution prices is near days open always (it may vary +-10 to 25 pts case to case) in most trading days target hits immediate after execution in first 10-20-30 minutes.

Back tested result:

Total long trade 61
Stop hits for 12 trades
Success trades 49
SUCSESS RATIO FOR LONG TRADES 80%

Total short trades 87
Stop hits for 33 trades
Success trades 54
SUCSESS RATIO FOR SHORT TRADES 62%

SO OVERALL 70% TRADES MAKES PROFITS.

Further improvement scope in strategy:

1. Success Ratio 70%: 70% trades making profits while 30% make loses (present SL comes 115 points)

2. Need additional confirmation of trend: In this system presently we generate 10 to 12 trades/month. I think if we add some support system additional- indicator/trend/idea it may be a added advantage & confidence to execute trades. It will improve success ratio. presently we are oblige to trade all 10-12 whatever calls get generate through strategy but it will be better if we can cut down number of trade & focus only very very high probable trades to execute. it wil help to improve overall result. plz help

LOOKING FORWARD TO SUGGESTION, FEEDBACK FOR FURTHER IMPROVEMENT IN SYSTEM...
 
Last edited:
sspagro

sspagro

Banned
#5
#5
maijtsthoslaa said:
And what if opens beyond 18150 or 18200
Is it still a sell or something else.
IMO the open will be around 18200 or beyond, can be 18250
Click to expand...
do not trade if open beyond any of our range. trade should avoid.
 
DSM

DSM

Well-Known Member
#7
#7
Thanks for posting with back results. Seems interesting and something that needs to be looked at. :clap::clap::clap:

sspagro said:
CHART IMAGE LINK: http://i.imgur.com/Dv27xSh.png?1

1. Go to I-charts site. Open eod banknifty future 1M chart.

2. Settings for chart: EMA: high,2 & EMA: low,2

3. How to get LONG or SHORT probable band range:
Best BUY range for next day: (ema low,2 value)-100 to (ema low,2 value)+60
Best SELL range for next day: (ema high,2 value)+125 to (ema low,2value)-70

4. Entry price: Enter only if you see Bnf open price in our buy/ sell range. You can still entre if open price is trading little bit closer to band (10 to 25 pts) entre or wait to come price in range for better confirmation. If it is opened out of range or too far from both buy/sell range band avoid trade for that day.

5. Stop loss: after execution place 115 points SL

6. Target: minimum 90 to 100 points from execution price (execution prices is near days open always (it may vary +-10 to 25 pts case to case) in most trading days target hits immediate after execution in first 10-20-30 minutes.

Back tested result:

Total long trade 61
Stop hits for 12 trades
Success trades 49
SUCSESS RATIO FOR LONG TRADES 80%

Total short trades 87
Stop hits for 33 trades
Success trades 54
SUCSESS RATIO FOR SHORT TRADES 62%

SO OVERALL 70% TRADES MAKES PROFITS.

Further improvement scope in strategy:

1. Success Ratio 70%: 70% trades making profits while 30% make loses (present SL comes 115 points)

2. Need additional confirmation of trend: In this system presently we generate 10 to 12 trades/month. I think if we add some support system additional- indicator/trend/idea it may be a added advantage & confidence to execute trades. It will improve success ratio. presently we are oblige to trade all 10-12 whatever calls get generate through strategy but it will be better if we can cut down number of trade & focus only very very high probable trades to execute. it wil help to improve overall result. plz help

LOOKING FORWARD TO SUGGESTION, FEEDBACK FOR FURTHER IMPROVEMENT IN SYSTEM...
Click to expand...
 
sspagro

sspagro

Banned
#8
#8
BNF Result update for last week trades:

24 nov: BNF open price 18170 out of any of our range so no trade.

25 nov: BNF short 18300 to 18015 (booked initial 100 pts + trailing profits for few qty. avg points gain 175)

26 nov: BNF long 17975 to 18155 (booked initial 100 pts + trailing profits for few qty. avg points gain 135)

27 nov: BNF long 17969 to 18049 (Expiry day. booked 50 pts safely on trailing SL. bec expiry day)

28 nov: BNF open price 18278 out of any of our range so no trade.


TOTAL TRADES TAKEN:3

STOP LOSS HIT:0

PROFIT TRADES:3

NET POINTS BOOKED: 360
 
Last edited:
K

Karanm

Active Member
#9
#9
For how long you have tested this Strategy and what was the net Success Ratio.

Kindly clarify that when the market open and it is within our Buy or Sell Range, will we enter the trade immediately or are there any other specific rules to enter trade.

Stop loss will be 115 points from our entry point, I hope I am right.

Thanks for your valuable guidance and help.
 
sspagro

sspagro

Banned
#10
#10
net Success Ratio for strategy is 70% and it has been tested over 2.5 yrs.
Yes we should enter the trade immediately if bnf open price is in our either range. Stop loss wil be 115 points from our entry point/execution price
 
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