following a mechnical system

[milind2754]

Nilesh which system u r using ? i think u r using system on 60 min timeframe

 

[nilesh53333]

Hi nilesh, whats ur current open position in nifty and banknifty.... am paper trading on a system....was curious to know ur position..

me short in banknifty fut from yersterday at 11338. still short in it.

 

[nilesh53333]

Hello nilesh,
I would appreciate the work you doing here, by showing people, that one can earn from the mkts, with a good system and money managment.
Dont take me , as one of those greedy fellows who wants your system, parameters..etc...but as you said, that the systems you are using are the one discuss on the tradeji platform. So would like to know, as what systems you are using. Well I dont want the parameters, or the time frame you are using. You have also said, that you have alter the system to suit your trading style, again I dont want those things.
Finally , if you still feel not to say (i want say share) what systems u felt good in this platform. Its fine...

Regs
Mehtaka

yes i use systems from traderji. but my system is not from traderji. i use some traderji systems for help. u just backtest every system from amibroker. do ur homework watch them for couple of months. u will know which 1 is better for u. i studied how to creat afl. i worked hard and created my afl. but still work is pending currently working in intraday afl. i cant share it because i am not only one who created it me and my friend has equal contribution in it. it dosent mean only my system is profitable. there lots of many systems are profitable. the thing is how u follow them. afterall money managment is important than anything.hope u understand it well.

 

[nilesh53333]

Nilesh which system u r using ? i think u r using system on 60 min timeframe

sorry i cant tell which system i use. i created it. but yes i use 30 min and 60 min timeframe. basically i am postional trader. i am working on intraday system. when it will be done. i will create a thread following a intraday system. including trade done and contract notes with daily m2m.:thumb:

 

[milind2754]

i also use system using 60 min and daily timeframe.

 

[krist]

i am not here for selling anything. i have not created any system. i worked on lots of afl and picked some of them. combined them together edited some of them according to my criteria. i watch some of trend following system everyday. after all system is not much important. u can earn with simple ema
system also. money managment is holy grail :thumb:

Hi Nilesh,
first of all let me congratulate you, for the two years of your hard work has paid off as you have developed a profitable system... :thumb:
Now please explain one thing to me about your comments above of "ema system + money management".
The easiest EMA system I know is SH's 315 on this forum itself. The problem I face is from my limited understanding, I dont think ema following system and money management go hand in hand. You see in 315 we are always in trade, we have no SL. For money management, we need that we dont lose more than say 2% of our capital on any single trade. Now in 315 we dont know before entering a trade how much we might lose on it as we dont know where it will go - in profits or if it will whipsaw and where.
So please throw some light on how to use MM is EMA following system.

Regards
Mahesh.

 

[manoharpillai]

Here I attach a sample Chart of ABAN. One of the best technical indicator lesson i found from traderji is 315 i back tested for some days. Then i added MA Envlope along with 315 indicators. This combination gives me excellent returns. MA dots indicates overbought and sold conditions. My entry (CASH ONLY)for ABAN is from 505 i added 40 shares till now @ average price of 521 Yesterday as per 315 had given break out
will add another 20 shares to day. Now my stop loss is 528. Just watch this system if useful can fallow it cheers.

 

[VJAY]

Hi Nilesh,
first of all let me congratulate you, for the two years of your hard work has paid off as you have developed a profitable system... :thumb:
Now please explain one thing to me about your comments above of "ema system + money management".
The easiest EMA system I know is SH's 315 on this forum itself. The problem I face is from my limited understanding, I dont think ema following system and money management go hand in hand. You see in 315 we are always in trade, we have no SL. For money management, we need that we dont lose more than say 2% of our capital on any single trade. Now in 315 we dont know before entering a trade how much we might lose on it as we dont know where it will go - in profits or if it will whipsaw and where.
So please throw some light on how to use MM is EMA following system.

Regards
Mahesh.

Dear mahesh,
Why not s/l not in 315?....look rules of 315 ...after trade if it goes 4-5 % then you can put stop also....
1. Build up on winning positions gradually by following 'ADD' rules.
2. Exit on candles where 3 EMA is not touching the candle body using 'effective profit booking' rule.
3. Never let a winning position become a losing one... use 'effective SL' rule.

 

[nilesh53333]

Hi Nilesh,
first of all let me congratulate you, for the two years of your hard work has paid off as you have developed a profitable system... :thumb:
Now please explain one thing to me about your comments above of "ema system + money management".
The easiest EMA system I know is SH's 315 on this forum itself. The problem I face is from my limited understanding, I dont think ema following system and money management go hand in hand. You see in 315 we are always in trade, we have no SL. For money management, we need that we dont lose more than say 2% of our capital on any single trade. Now in 315 we dont know before entering a trade how much we might lose on it as we dont know where it will go - in profits or if it will whipsaw and where.
So please throw some light on how to use MM is EMA following system.

Regards
Mahesh.

actually i dont know much about 315 system. i read about it some days before but never tried it. i also dont put stoploss in system as i dont know when my system will change its signal. so i track market every min. according to me moneymangment is protecting ur money. yes ur 2% theory is right but i dont use it. my moneymanagement is until and unless i will get profit of 30000 i trade in 1 lot. as soon as i get 30000 profit i will trade in 2 lot. but any day if my profit will come to below 30000 i will exit 1 lot. if it will go above 30000 again i will add 1 lot. if i get profit of above 60000 i will be trading in 3 lots. hope u understand it. i am using this moneymanagment rules.

 

[lasty66]

actually i dont know much about 315 system. i read about it some days before but never tried it. i also dont put stoploss in system as i dont know when my system will change its signal. so i track market every min. according to me moneymangment is protecting ur money. yes ur 2% theory is right but i dont use it. my moneymanagement is until and unless i will get profit of 30000 i trade in 1 lot. as soon as i get 30000 profit i will trade in 2 lot. but any day if my profit will come to below 30000 i will exit 1 lot. if it will go above 30000 again i will add 1 lot. if i get profit of above 60000 i will be trading in 3 lots. hope u understand it. i am using this moneymanagment rules.

Hi nilesh.... is that a typo? that means u always expect rs.30k profit? 1200 pts on 1 lot banknifty...looks pretty tough rule of money management..