Going with the Intraday Mini-Flow!!

[ratan jain]

Thanks a lot for your kind words...
Yes, I have backtested for most of the months of 2008. Didnt post them all, because that wont serve any purpose....the purpose is, we all should go through all the trades, and having 300 odd trades to verify at one go would be a daunting task.
Also, I am expecting to be pointed out some glaring mistakes. If I post all the trades...those mistakes would be 'assumed' as the rules by few of the members here.

So, let me get pointed out for some mistakes first...then I would amend my approach..and then post them all.

Hope thats Ok.....

Rakesh

Fair enough.. but one request...
At least post the profits per month in points for 1 contract traded for the months you have tested

It would help me and others to become MORE enthusiastic to learn the rules

 

[TFL]

Hai SM,
How can I delete my posts from thread.Lot of my posts need to delete.

Thanks & Regards
VJAY

Vijay,

Click on the edit button, Then select the delete check box in the new page and click on the button DELETE.

Hari

 

[orderflow13]

Hi rakesh luthra ,
There seems to be your short trades are more profitable than long trades. Is the pattern same for all ur back testing?
Thanks in advance
Alex

 

[novice1]

ST,

Bit confused. Can you please clarify

Originally Posted by lvgandhi View Post
In Today's case,
BAR 1--High of 4172,Low of 4157..........we want the next bar to break past 4172+14=4186.Or go down below 4157-14=4143

BAR 2---High of 4180,Low of 4149.........we are still not in.We want the next bar to break past 4180+14=4194.

BAR 3----High of 4187,Low of 4165....still not in.We want the next bar to break out of 4187+14=4201.Or the low of 4165-7=4158 to get taken out.

BAR 4----High of 4192,Low of 4178......we are still not in.We want the next bar to break past 4192+14=4206.
Bar 5----high is 4206
we should go long with +14 of this bar.
You have said long on 4206. Will you please explain?
Nope LV,when a previous bar +14 triggers,you are in.......Which happened in Bar 5 which made a high of 4214.You are long from 4206.
Saint

In this case we should have gone long at 4187. Saint's answer to LVG in the second bar is "we are still not in.We want the next bar to break past 4180+14=4194."

Why we did not enter at 4187 and waited for Rs.14 filter.

What is the difference between LVG's query and the one given below

Yes,a moving filter,we want that first move to be strong enough to take out that Rs14 in one clean sweep........not that this protects us always.But some unnecessary trades can be done away with.

BAR 1:H 4223 L 4185
BAR 2:H4233 L 4200......................>No Trades
BAR 3:H 4242 L 4221......................>No Trades
BAR 4:H 4250 L 4211.......................>Short at 4221-7=4214

Saint

Thanks in advance

 

[rkkarnani]

Hi rakesh luthra ,
There seems to be your short trades are more profitable than long trades. Is the pattern same for all ur back testing?
Thanks in advance
Alex

To quote Saint : Bulls climbs the stairs, and Bear jumps out of the window!!! Market tends to go down faster than going up!!! So no wonder short trades are more profitable!!!

 

[Smart_trade]

ST,

Bit confused. Can you please clarify


In this case we should have gone long at 4187. Saint's answer to LVG in the second bar is "we are still not in.We want the next bar to break past 4180+14=4194."

Why we did not enter at 4187 and waited for Rs.14 filter.

What is the difference between LVG's query and the one given below



Thanks in advance

Yes novice1, it is a concept of moving filter so it moves with every bar and not stationary on 1st bar.

We go to the examples First Saints reply to LVG's querry :

1)Bar 1 H=4172,L=4157 so in the next bar either 4172+14=4186 has to break upside or 4157-14 =4143 has to break on downside,we are taking 14 on bothsides as we do not know whether the first move is upmove or downmove.

2)Bar 2 H=4180, L=4149 so neither long nor short enrty is triggered.But we now know that the 1st move of the day is upmove.

3) In bar 3,either 4180+14=4194 should be taken out or 4149-7 (note here it is 7 now and not 14 as the down move if it comes is a second move)=4142
Bar 3 H=4187 and L=4165 so no entry in any direction.

Now you must have understood the concept of moving filter (it moves with every bar)

The entry subsequently triggred as detailed in Saints reply.

Now we come to the second example given by you.

1) Bar 1 H=4223, L=4185 so the bar 2 has to break 4223+14=4237 on upside or 4185-14=4171 on downside.Note that here both 14 as we dont know whether 1st move will be up or down move.

2) Bar 2 H=4233 L=4200 so no level broken,so no trade. Now we know that the 1st move of the day was an upmove so in bar 3,it has to break 4233+14=4247 or 4200-7 =4193 on downside (note here it is 7,not 14 )

3)Bar 3 H=4242 ,L=4221 so no level broken so no trade in this bar. Now in bar 4,either 4242+14=4256 has to get broken or 4221-7 =4214 has to crack.

4) Bar 4 H=4250 ,L = 4211 so no long trade but short trade triggered at 4221-7=4214.

I am sure the above examples will make the concept easy to understand.

Best Wishes,

Smart_trade

 

[novice1]

Yes novice1, it is a concept of moving filter so it moves with every bar and not stationary on 1st bar.
The entry subsequently triggred as detailed in Saints reply.
I am sure the above examples will make the concept easy to understand.
Best Wishes,

Smart_trade

Thanks so much, ST. It is very very clear now.

God bless

 

[samthomas]

Hi! i have learnt so much from Saint that i was feeling guilty of not sharing something i have found to be very successful in my trading. I am not making any tall claims..neither have I backtested this ' tweak ' but it makes so much sense that i thought i should share it with everybody.
Whenever we take a trade we take some risk and there is an expectation of a reward...higher the reward to risk ratio the better. while following the intraday mini flow i have found that if we find a pivot break on the 15 or 30 min time frame which directs the intraday flow in the same direction as the 60 min flow , the flow tends to be very powerful. At that particular time , if the pivot low on the 15 or 30 min is very close..i mean our stop loss is very close we can afford to build up our ammunition ( add to our positions) for the impending blast...coz the risk is within our permissible limits as the stop loss is nearby. This can be very rewarding in such circumstances. I have used it quite frequently profitably. I sometimes use this ammunition build up during breakouts from a consolidation phase as well,as the stop losses are nearby.
Those who are adept at recognizing pivot breaks may find this useful.
Regards
Sam
PS : Those who are just learning the ropes, please stay away from such suggestions.

 

[rakeshluthra430]

Fair enough.. but one request...
At least post the profits per month in points for 1 contract traded for the months you have tested

It would help me and others to become MORE enthusiastic to learn the rules

Ratan,
Just give me time till Tuesday evening...I will not only post the results, but also all the trades taken.
Why I am waiting is that I feel Saint/ST/RKK/NC/Prabh/MJ or someone else will point out some mistakes...and I dont post something which is drastically wrong wrt rules of the system. In fact I am eagerly waiting for some critical comments.
For the moment, just know that the per month average profit of this system as per my backtests is around 1100 nifty points.

Hope you understand...I dont want to do something which may harm everyones understanding of the system.

Thanks,
Rakesh

 

[Saint]

Ratan,
Just give me time till Tuesday evening...I will not only post the results, but also all the trades taken.
Why I am waiting is that I feel Saint/ST/RKK/NC/Prabh/MJ or someone else will point out some mistakes...and I dont post something which is drastically wrong wrt rules of the system. In fact I am eagerly waiting for some critical comments.
For the moment, just know that the per month average profit of this system as per my backtests is around 1100 nifty points.

Hope you understand...I dont want to do something which may harm everyones understanding of the system.

Thanks,
Rakesh

Hi Rakesh,

Will have a look at it after market today.

All the best!
Saint