In Search of a system that need no chart no TA/FA

[dineshknp]

Happy Diwali to you and to all members of TJ...

If a buy/sell is trigerred we have to wait for a min gain of Rs.1000/- or SL to hit. If we have gained Rs.1000/- we can wait for another trade oppertunity and this applies to SL hit trade also. I have mentioned Rs.1000/- based on we buy 1000 shares with a minmum price movement of Re.1/- which will happen easily! I prefer high traded stocks like Tata Steel, Tata Motors, SBI, ICICI, L&T, ABAN, Infosys, Reliance etc. Since we trade in cash market the above referred stocks has good liquidity and trade in good volumes so that our qty is executed FULLY!

Cheers,
Karthik

If we want some quality trades mentioned in scripts by you, we see in above scripts whose first 15 candle touching ATR and avoid other scripts.

 

[dineshknp]

Hi Dinesh,
No system is holy grail and price don't act as per our strategy instead we act as per the price strategy. The rule which i added recently didn't come to my mind at that time of framing this strategy. When i burnt i realised and i thought why cant this be applied and the trade be avoided. Thus came this rule/logic and shared in the forum.

Cheers,
Karthik

So we should avoid trade if in subsequent candle or 15 min trade is not triggered or we will only avoid when in subsequent candle trade is not triggered and this subsequent candle also touches the ATR?

 

[jatinderdhawan]

one doubt in brokerage
i have recently opened an account with Zerodha. although the brokerage is just 20 rs per order, the taxes turn out to be huge for large value shares. E.g, for a share like LT, if i were to sell at a profit of rs 1 ( no of shares bought is 1000), all i get is rs 400 as profit, about 600 rs go into STT and other taxes+brokerage. thus to earn 1000 rs ,i need to sell atleast at rs 1.60 profit and not at one rs. can someone clarify on this

 

[karthik_sri]

If we want some quality trades mentioned in scripts by you, we see in above scripts whose first 15 candle touching ATR and avoid other scripts.

The above referred stocks has high liquidity and any one stock will meet our requirement of touching ATP. We can trade in other scripts also but the price movement and stock liquidity is the concern.

 

[VJAY]

Dear Rangarajan/karthik,
Where you finding ATP price for F&O ?i searched nse site can't get it....if you have any link please share....or you guys using cash atp price for trading in futures?

 

[karthik_sri]

one doubt in brokerage
i have recently opened an account with Zerodha. although the brokerage is just 20 rs per order, the taxes turn out to be huge for large value shares. E.g, for a share like LT, if i were to sell at a profit of rs 1 ( no of shares bought is 1000), all i get is rs 400 as profit, about 600 rs go into STT and other taxes+brokerage. thus to earn 1000 rs ,i need to sell atleast at rs 1.60 profit and not at one rs. can someone clarify on this

Yes...ur right...but wht i mentioned Re.1/- is minimum price movement and scrip like L&T will give u a good movement to earn Rs.1000/- a day. Please calculate/consider the brokerage/stt also as the Rs.1000/- gross profit before considering brokerage.

The better way is to trade in F&O as the lot size will have good qty with minimum margin requirement..

eg: Tata Steel : The lot size is 500 and the margin required is Rs.30788/- and the trading price is around Rs.391/- This scrip will definetly give a good price movement and if you buy one lot the brokerage would not be more than Rs.150/- (@ 0.03%). This is only my suggestion. Please check your affordability and back test--->Paper Test on live trade---->Real Trade with minimum qty before we are comfortable on the strategy...

Karthik

 

[karthik_sri]

Dear Rangarajan/karthik,
Where you finding ATP price for F&O ?i searched nse site can't get it....if you have any link please share....or you guys using cash atp price for trading in futures?

Dear Vijay,
Please refer to the earlier post/pages in the same section where i have come across Anant has posted the formula. If ur using ODIN u can get the same.

Karthik

 

[karthik_sri]

How about Trading with "GAPS" which dont require any TA/FA!!! My next strategy which i found a couple of months back and which gives good results also!

Karthik

 

[VJAY]

Dear Vijay,
Please refer to the earlier post/pages in the same section where i have come across Anant has posted the formula. If ur using ODIN u can get the same.

Karthik

Thanks karthik

Its (total traded value/total contracts)/qty per contract....

 

[Prabhan]

How about Trading with "GAPS" which dont require any TA/FA!!! My next strategy which i found a couple of months back and which gives good results also!

Karthik

Would love to learn that as well :clap: