Crudeoil Intradday Trades based on GANN Square 9 Strategy

umeshmandal

Well-Known Member
#41
Is this calculation correct :

Crude Oil : Lot size 100
Margin required as per 7th Aug Closing Price of 2848 (Zerodha site) : Rs.19103/- i.e. approx 6.75% of Lot Value

Considering max value of Crude in 2015 at Rs.4000/- the max margin required would be Rs.27000/-

Adding Rs.54000/-(27000X2) for MTM, we use Rs.81000/- for trading 1 lot of Crude.

To earn 100% p.a. we need to earn consistently at an avg of : 6750/- per month. (81000.00/12)

For expenses and slippage we add 13500 to 6750) i.e we need to get a profit of approx Rs.20000/- per lot

Rs.20000/- per lot comes to 200 points per lot ! (20000/100)

So taking the worst scenario we need a gain of 200 points per lot per month to min. double our Capital applied !

It can further be said that, to get 200 points per month, we need just 10 points net per trading day, considering 20 trading days a month!

So any strategy for doing it successfully with least heart burns !

And not on serious note :
:D Can we further say that one needs to gain just 2 points per hour (actual calculation comes to less than 1 point per hour) of trading to double his/her Capital in Trading Crude on MCX!! :D
I have done, a worst case scenario of Brokerage and Slippage.
Carry this calculation further. Create an Excel Sheet to calculate :

We trade 1 lot Crude for 200 points for 3 months. Capital used 80000/- (Accumulated gains : 60000 max and say min.20000/-)

We trade 2 lots Crude for 200 points each for next 3 months. We introduce extra Capital max 60000 plus 21000 profit) : Capital 140000/-+20000 Profit
(Gains in 2 lots for 3 months max 120000/ min. 40000)

We trade 3 lots Crude for 200 points each for next 3 months. We introduce extra capital 40000+add profit to margin 40000) : Capital 240000/-(180000/-+ 60000)
(Gain in 3 lots for 3 months max : 180000/- min. 60000)

We trade 4 lots for 200 points each for next 3 months. We introduce extra capital 20000 + add profit to margin 40000) Capital used 320000 (Self 200000+120000)
Gain in 4 lots for for 3 months max : 200000/- min. 80000/-

In 1 year we gradually increased our own Capital exposure to 200000 and added 120000 of profits and at close of 12 months we would have generated a profit of Rs.200000/- (Every three months resepectively : 20+40+60+80=200 Thousands) We gradually used a capital of 2 lakhs and had a gain of 2 lakhs, a 100% return. And do note that this should be bare minimum.

So we trade 4 lots for the entire 2nd year and generate a minimum profit of Rs. 320000/- (4 lots X 80000 min per 3 months)

We saved 80000/- out of 4L in first year and used the balance 3.20 L as working capital.
In second year we gained minimum 3.2 L, a 100% min. return.
In third year we increase the trade size to 8 and in 4th year to 12 and finally to 20 lots in 5th year and continue that for next 5 years!
We generate a gain of Rs.16L per year from 5th year onwards !

All calculations in place, all we need is a strategy and immense trading discipline!
Discipline, I am sure I have, but need a strategy! So please help!
 
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umeshmandal

Well-Known Member
#43
So far how many strategies did u use on Crude? on Consistent basis?

RPS. VINOD
Never traded in Commodity segment so no question of trading Crude! Considering the Time one gets to trade Crude and your Post about 500 points in crude triggered my interest!

I am seriously going to give it an honest try! To start with I aim to achieve 100 points only per month.

RPS, From where can I get the details of Historical Contracts, I dont need the data, only the Contract ending dates !
 

ashu1234

Well-Known Member
#46

umeshmandal

Well-Known Member
#48
No speciific time..this method based on LTP..

VINOD. RPS
RPS, Is it correct :
When you say LTP: Is it correct to say its also Current Market Price in case of RT charts, or closing price in EOD chart !

So basically Gann levels are derived solely based on some mathematical calculations and the current trend of the commodity, in this case Crude has no bearing on it. It generates the same levels be it a 5 min. chart, 1 hour chart, 4 hour chart or EOD chart.

RPS, Do guide me through some link to an easily understandable Web Page for Gann Square of ( basics!

One more thing : I usually find it difficult to get an exit level for my trades. I have entry and SL levels ! Can I use Gann for exits? Say I use 15 min. RT chart for trading Crude. My Signal bar closes at say 2828 with a high of 2839! I wish to enter above the high plus filter at > 2843 ! Now to find the Tgt. can I use the Gann sqr of 9 by entering the closing value of the Signal candle? My entry is not as per Gann but wish to exit as per Gann. Is it a workable idea or not worth a try?
 

rpsvinod

Well-Known Member
#49
Hope. There's no ready to eat condition rule on Market, always rules are dynamic.,better some expert 'll answer ur query.,usually our stop nd target not in the candle. it should be in our mind only., according to the right R:R ratio.

RPS. VINOD
 

umeshmandal

Well-Known Member
#50
Hope. There's no ready to eat condition rule on Market, always rules are dynamic.,better some expert 'll answer ur query.,usually our stop nd target not in the candle. it should be in our mind only., according to the right R:R ratio.

RPS. VINOD
Agreed to a large extent. However do reply to other parts of my post about Gann !

Treating you as an expert on Gann, do share your view : Is it logical to take target of a trade as per Gann Square of 9? Can the Gann level can be treated as a valid :Support/Resistance level !??
 

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