BNF HIGH LOW trading stratagy

[excellentpawan]

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...

please tell, in how many days your trades done(Total short trades 87 Total long trade 61). Is it result of one year of month?

 

[excellentpawan]

Thanks & Regards

please send me also this excel

[email protected]

 

[sspatil]

Today 8dma is 8123

buy abv 8123 spot

 

[sherwinstocks]

Hi

update BNF details

Regards

 

[Silentshadow]

Evening Gentlemen,

I have gone through the thread and found amazing contributions. Hats off to you guys. Few things

[a] Couldn't find BNF future chart on on Ichart website, did see people quote its there but for some reasons I am not able to find it -- Anyone found it?
Yes I have seen the excel, question that I have is the formulas that has been mentioned over there does it give values equivalent to what we will get if ichart was configured
[c] Any zerodha users over here? Did anyone happen to set EMA as suggested over here?

-----------------
Note : I am a new to this blog hence pardon me I am still learning navigation's over here AND
yeah I am not a master trader am just a binary guy -- trying to learn markets ofocurse to earn a bit but in the bargain gain knowledge thats what i find lucrative

Cheers

 

[Silentshadow]

I will try and update the excel values - range as per my understanding of this concept. Seniors can validate trust I wont be breaking TOA that way

 

[laxman1984]

Hi friends,

Can any one modify these code. with buy sell arrow if open in buy zone buy arrow and if open sell zone sell arrow with target and stoploss level.

_SECTION_BEGIN("Price_Candle");
SetChartBkColor(colorBlack);
GraphXSpace=2.5;
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
BarCol = IIf(C < O, colorRed, colorBlue);
SetBarFillColor(IIf(C > O, colorBlack, colorRed));
Plot( C, "Close", BarCol, styleCandle | styleNoTitle | styleThick);
_SECTION_END();

_SECTION_BEGIN("DEMAND_SUPPLY_ZONES");
TimeFrameSet(inDaily);
wH = EMA(H,2);
wL = EMA(L,2);
TimeFrameRestore();
eH = TimeFrameExpand(wH,inDaily,expandLast);
eL = TimeFrameExpand(wL,inDaily,expandLast);
R1 = round(eH-70); R2 = round(eH+125); // Supply Zone
S1 = round(eL-100); S2 = round(eL+60); // Demand Zone

Plot(S1," S1",colorDarkGreen, styleNoRescale|styleStaircase|styleDashed);
Plot(S2," S2",colorDarkGreen, styleNoRescale|styleStaircase|styleDashed);
Plot(R1," R1",colorRed, styleNoRescale|styleStaircase|styleDashed);
Plot(R2," R2",colorRed, styleNoRescale|styleStaircase|styleDashed);
PlotOHLC(S1,S2,S1,S2,"",ColorRGB(0,40,0),styleNoRescale|styleNoLabel|styleCloud);
PlotOHLC(R1,R2,R1,R1,"",ColorRGB(40,0,0),styleNoRescale|styleNoLabel|styleCloud);
_SECTION_END();

 

[Silentshadow]

Was there a trading opportunity today? Did anyone trade on these levels? .
I say there was.. not able to upload image sadly will try again in some time

 

[Silentshadow]

Trade Bio -- December 28, 2015
{-60 points }

Folks who are following this strategy may correct me if I am wrong

EMA LOW ---- >> 16738
EMA HIGH --- >> 16920

Sell Range --->> 17045 to 16850
Buy Range --- >> 16638 to 16798

BNF Open --- >> 16848

* Sell Range triggered, --- >> looking at 10:16 Low= 16866 High =16879
* If sell position taken 16870 | SL 16895 | Target 16800

Looking at the high SL not hit today, Close 16930 loss of 60 points

 

[dipendu]

Why sspagro is being banned?