Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
re: Day trading Nifty & Banknifty Futures
ST Da, Congratulations....
Nice to know that you won the challenge with intraday options. :thumb:
Here are some questions:
1. For this purely intraday plain options play, what strategy did you use & at which TF? You had previously explained the simple 21 sma & 5TF pivot break strategy. Did you use the same as said your RR was 1.5 to 2? Any other strategy that can be used profitably for this case?
2. Another important question is: Did you use same number of contracts or same amount of money for each trade? What I mean is, in futures 1 lot will always mean somewhere around 30-33 K of money at stake. But in options, as the expiry comes close even the ITM options will be available at Rs. 30-35/-
So at the start of expiry, 2 lots of ATM options will cost around 100* 140 = 14000/- however at the end of expiry 2 lots will cost around 100*35=3500 etc. At the same time we need to keep the bet size same every time. So it should be same quantity of 2 lots or same money of 14000/-?
3. Which underlying chart to use? Nifty spot or Nifty futures or the use the options chart itself?
4. Do we keep SL & target at reference chart or at options chart? Or we just ferget that we are using options as instrument and just take the trades as per the reference charts?
Sorry for too many questions....
Regards,
Gaur_Krishna
ST Da, Congratulations....
Nice to know that you won the challenge with intraday options. :thumb:
Here are some questions:
1. For this purely intraday plain options play, what strategy did you use & at which TF? You had previously explained the simple 21 sma & 5TF pivot break strategy. Did you use the same as said your RR was 1.5 to 2? Any other strategy that can be used profitably for this case?
2. Another important question is: Did you use same number of contracts or same amount of money for each trade? What I mean is, in futures 1 lot will always mean somewhere around 30-33 K of money at stake. But in options, as the expiry comes close even the ITM options will be available at Rs. 30-35/-
So at the start of expiry, 2 lots of ATM options will cost around 100* 140 = 14000/- however at the end of expiry 2 lots will cost around 100*35=3500 etc. At the same time we need to keep the bet size same every time. So it should be same quantity of 2 lots or same money of 14000/-?
3. Which underlying chart to use? Nifty spot or Nifty futures or the use the options chart itself?
4. Do we keep SL & target at reference chart or at options chart? Or we just ferget that we are using options as instrument and just take the trades as per the reference charts?
Sorry for too many questions....
Regards,
Gaur_Krishna
re: Day trading Nifty & Banknifty Futures
That was in First Zerodha challenge , so about 6-7 months back. I was trading a small account in Zerodha....was trading on pivot breaks in direction of the trend....used to trade 6-8 contracts and trying to make 4 to 6 points with 2.5 to 3 points stoploss...that time I used Nifty Fut chart..but options charts also ok...
Smart_trade
That was in First Zerodha challenge , so about 6-7 months back. I was trading a small account in Zerodha....was trading on pivot breaks in direction of the trend....used to trade 6-8 contracts and trying to make 4 to 6 points with 2.5 to 3 points stoploss...that time I used Nifty Fut chart..but options charts also ok...
Smart_trade
re: Day trading Nifty & Banknifty Futures
dear all I have found nr afl can we change it in parameters like if i need nr4/7/21 as per requirement at per the afl provide by pratap sir AFL SRSARTFtj here is the code of afl
kindly covert if possible. and can the gap between bar and number decreases as in this it is quite far will be good if it comes just above the bar..
_SECTION_BEGIN("NR7");
/*********** NR7 System for Chart and Exploration ***********************/
R = H - L;
NR7 = False;
NR4 = False;
m7 = m4 = idm7 = idm4 = idm = 0;
for(i = 7; i < BarCount; i++)
{
if( R < R[i - 1] AND R < R[i -2] AND R < R[i - 3] AND R < R[i - 4] AND R < R[i - 5] AND R < R[i - 6])
{
NR7 = True;
m7 = 1;
}
}
for(i = 4; i < BarCount; i++)
{
if((R < R[i - 1] AND R < R[i -2] AND R < R[i - 3] ) AND NOT NR7)
{
NR4 = True;
m4 = 1;
}
}
IDNR7 = Inside() * NR7;
IDNR4 = Inside() * NR4;
ID = Inside();
idm7 = IIf(IDNR7, 1, 0);
idm4 = IIf(IDNR4, 1, 0);
idm = IIf(id, 1, 0);
for(i = 1; i < BarCount; i++)
{
if(IDNR7 == IDNR7[i - 1]) idm7 = idm7 + idm7[i - 1];
if(IDNR4 == IDNR4[i - 1]) idm4 = idm4 + idm4[i - 1];
if(NR7 == NR7[i - 1]) m7 = m7 + m7[i - 1];
if(NR4 == NR4[i - 1]) m4 = m4 + m4[i - 1];
if(ID == ID[i - 1]) idm = idm + idm[i - 1];
}
MarkerIDNR7 = MarkerIDNR4 = shapeStar ;
Marker7 = shapeDigit7;
NR7Color = colorBrightGreen;
Marker4 = shapeDigit4;
NR4Color = colorLightOrange;
MarkerID = shapeHollowCircle;
IDColor = colorYellow;
IDNR7Color = colorBrightGreen;
IDNR4Color = colorLightOrange;
MarkerDist = L * 0.995;
IDNRDist = H * 1.03;
if(Status("action") == actionIndicator)
{
_N(Title = StrFormat("{{NAME}}, {{DATE}} ({{INTERVAL}}): {{VALUES}}") + ", Range=" + Prec(R + 0.00001, 2) + ","
+ WriteIf(IDNR7, EncodeColor(colorBrightGreen) + WriteIf(idm7 > 1, StrLeft(NumToStr(idm7), 4), "") + " IDNR7 ", "")
+ WriteIf(IDNR4, EncodeColor(colorLightOrange) + WriteIf(idm4 > 1, StrLeft(NumToStr(idm4), 4), "") + " IDNR4 ", "")
+ WriteIf(NR7 AND NOT ID, EncodeColor(colorBrightGreen) + WriteIf(m7 > 1, StrLeft(NumToStr(m7), 4), "") + " NR7 ", "")
+ WriteIf(NR4 AND NOT ID, EncodeColor(colorLightOrange) + WriteIf(m4 > 1, StrLeft(NumToStr(m4), 4), "") + " NR4 ", "")
+ WriteIf(ID AND NOT NR7 AND NOT NR4, EncodeColor(colorTurquoise) + WriteIf(idm > 1, StrLeft(NumToStr(idm), 4), "") + " Inside Day ", ""));
PlotOHLC(O, H, L, C, "Close", colorLightGrey, styleBar);
PlotShapes(IIf(IDNR7, MarkerIDNR7, shapeNone), IDNR7Color, 0, IDNRDist);
PlotShapes(IIf(IDNR4 AND NOT IDNR7, MarkerIDNR4, shapeNone), IDNR4Color, 0, IDNRDist);
PlotShapes(IIf(NR7 AND NOT ID, Marker7, shapeNone), NR7Color, 0, MarkerDist);
PlotShapes(IIf(NR4 AND NOT NR7 AND NOT ID, Marker4, shapeNone), NR4Color, 0, MarkerDist);
PlotShapes(IIf(ID AND NOT NR7 AND NOT NR4, MarkerID, shapeNone), IDColor, 0, IDNRDist);
}
if(Status("action") == actionExplore)
{
Filter = (m7 > 0) OR (m4 > 0) OR (idm > 0);
SetOption("NoDefaultColumns", True);
AddColumn(DateTime(), "DATE", formatDateTime, colorDefault, colorDefault, 96);
AddTextColumn(Name(), "SYMBOL", 77, colorDefault, colorDefault, 120);
AddColumn(R, "Range", 6.2, colorDefault, colorDefault, 84);
AddColumn(IIf(idm, 48 + idm, 32), "INSIDE", formatChar, colorYellow, IIf(idm, colorLightBlue, colorDefault));
AddColumn(IIf(m4, 48 + m4, 32), "NR4", formatChar, colorYellow, IIf(m4, colorBlue, colorDefault));
AddColumn(IIf(m7, 48 + m7, 32), "NR7", formatChar, colorYellow, IIf(m7, colorGreen, colorDefault));
}
/************************** END OF AFL CODE *****************************/
_SECTION_END();
dear all I have found nr afl can we change it in parameters like if i need nr4/7/21 as per requirement at per the afl provide by pratap sir AFL SRSARTFtj here is the code of afl
kindly covert if possible. and can the gap between bar and number decreases as in this it is quite far will be good if it comes just above the bar..
_SECTION_BEGIN("NR7");
/*********** NR7 System for Chart and Exploration ***********************/
R = H - L;
NR7 = False;
NR4 = False;
m7 = m4 = idm7 = idm4 = idm = 0;
for(i = 7; i < BarCount; i++)
{
if( R < R[i - 1] AND R < R[i -2] AND R < R[i - 3] AND R < R[i - 4] AND R < R[i - 5] AND R < R[i - 6])
{
NR7 = True;
m7 = 1;
}
}
for(i = 4; i < BarCount; i++)
{
if((R < R[i - 1] AND R < R[i -2] AND R < R[i - 3] ) AND NOT NR7)
{
NR4 = True;
m4 = 1;
}
}
IDNR7 = Inside() * NR7;
IDNR4 = Inside() * NR4;
ID = Inside();
idm7 = IIf(IDNR7, 1, 0);
idm4 = IIf(IDNR4, 1, 0);
idm = IIf(id, 1, 0);
for(i = 1; i < BarCount; i++)
{
if(IDNR7 == IDNR7[i - 1]) idm7 = idm7 + idm7[i - 1];
if(IDNR4 == IDNR4[i - 1]) idm4 = idm4 + idm4[i - 1];
if(NR7 == NR7[i - 1]) m7 = m7 + m7[i - 1];
if(NR4 == NR4[i - 1]) m4 = m4 + m4[i - 1];
if(ID == ID[i - 1]) idm = idm + idm[i - 1];
}
MarkerIDNR7 = MarkerIDNR4 = shapeStar ;
Marker7 = shapeDigit7;
NR7Color = colorBrightGreen;
Marker4 = shapeDigit4;
NR4Color = colorLightOrange;
MarkerID = shapeHollowCircle;
IDColor = colorYellow;
IDNR7Color = colorBrightGreen;
IDNR4Color = colorLightOrange;
MarkerDist = L * 0.995;
IDNRDist = H * 1.03;
if(Status("action") == actionIndicator)
{
_N(Title = StrFormat("{{NAME}}, {{DATE}} ({{INTERVAL}}): {{VALUES}}") + ", Range=" + Prec(R + 0.00001, 2) + ","
+ WriteIf(IDNR7, EncodeColor(colorBrightGreen) + WriteIf(idm7 > 1, StrLeft(NumToStr(idm7), 4), "") + " IDNR7 ", "")
+ WriteIf(IDNR4, EncodeColor(colorLightOrange) + WriteIf(idm4 > 1, StrLeft(NumToStr(idm4), 4), "") + " IDNR4 ", "")
+ WriteIf(NR7 AND NOT ID, EncodeColor(colorBrightGreen) + WriteIf(m7 > 1, StrLeft(NumToStr(m7), 4), "") + " NR7 ", "")
+ WriteIf(NR4 AND NOT ID, EncodeColor(colorLightOrange) + WriteIf(m4 > 1, StrLeft(NumToStr(m4), 4), "") + " NR4 ", "")
+ WriteIf(ID AND NOT NR7 AND NOT NR4, EncodeColor(colorTurquoise) + WriteIf(idm > 1, StrLeft(NumToStr(idm), 4), "") + " Inside Day ", ""));
PlotOHLC(O, H, L, C, "Close", colorLightGrey, styleBar);
PlotShapes(IIf(IDNR7, MarkerIDNR7, shapeNone), IDNR7Color, 0, IDNRDist);
PlotShapes(IIf(IDNR4 AND NOT IDNR7, MarkerIDNR4, shapeNone), IDNR4Color, 0, IDNRDist);
PlotShapes(IIf(NR7 AND NOT ID, Marker7, shapeNone), NR7Color, 0, MarkerDist);
PlotShapes(IIf(NR4 AND NOT NR7 AND NOT ID, Marker4, shapeNone), NR4Color, 0, MarkerDist);
PlotShapes(IIf(ID AND NOT NR7 AND NOT NR4, MarkerID, shapeNone), IDColor, 0, IDNRDist);
}
if(Status("action") == actionExplore)
{
Filter = (m7 > 0) OR (m4 > 0) OR (idm > 0);
SetOption("NoDefaultColumns", True);
AddColumn(DateTime(), "DATE", formatDateTime, colorDefault, colorDefault, 96);
AddTextColumn(Name(), "SYMBOL", 77, colorDefault, colorDefault, 120);
AddColumn(R, "Range", 6.2, colorDefault, colorDefault, 84);
AddColumn(IIf(idm, 48 + idm, 32), "INSIDE", formatChar, colorYellow, IIf(idm, colorLightBlue, colorDefault));
AddColumn(IIf(m4, 48 + m4, 32), "NR4", formatChar, colorYellow, IIf(m4, colorBlue, colorDefault));
AddColumn(IIf(m7, 48 + m7, 32), "NR7", formatChar, colorYellow, IIf(m7, colorGreen, colorDefault));
}
/************************** END OF AFL CODE *****************************/
_SECTION_END();
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