Intraday profit system

[Debarghya Mukherjee]

Thank you for sharing your positive views on my strategy.
Best of Luck

Gr8 Sharing and Very positive results

Thanks Lot

 

[rangarajan]

Dear D Mukerjee,
yr system is too simple to believe & on back testing working excellently.
On intraday,if one is not Greedy,scalping would yield consistent profits & affordable s/l with yr system.
On EOD also,it is positive.

Thanks for sharing

 

[NTrader42]

Gr8 Sharing and Very positive results

Thanks Lot

Dear D Mukerjee,
yr system is too simple to believe & on back testing working excellently.
On intraday,if one is not Greedy,scalping would yield consistent profits & affordable s/l with yr system.
On EOD also,it is positive.

Thanks for sharing

Hi Deb

You had posted your above intraday trading strat in August. Are you continuing with the same or have made some changes?

I am asking this question not because i want to know about one more strategy but because not sticking to one system is precisely my problem.

Don't know when I will get over this fascination of trying out anything I read / get to know about TA.

Thanks

 

[Debarghya Mukherjee]

Thank you. You are far too kind.

Dear D Mukerjee,
yr system is too simple to believe & on back testing working excellently.
On intraday,if one is not Greedy,scalping would yield consistent profits & affordable s/l with yr system.
On EOD also,it is positive.

Thanks for sharing

 

[amitpandit4]

Hi, Debarghya Mukherjee,,

Can u just tell me the Details of Stochstics setting

 

[Debarghya Mukherjee]

Stochastic Indicator: How to use it​

In a dynamically changing market wont it help if we know where do we stand currently with reference to past price movements? Stochastic oscillator helps us there. It compares the current value with the highest and lowest points during the selected time period. For example if we select a time period of 2 weeks. Stochastic Oscillator will check the current price, the highest level during past 2 weeks and the lowest level during the past 2 weeks and would give indicate where the current price is, in relation to the highest and lowest of the selected time period.

There are two components to the stochastic oscillator: the %K and the %D. The %K is the main line indicating the number of time periods, and the %D is the moving average of the %K.
This indicator is calculated with the following formula:

%K = 100[(C - L14)/(H14 - L14)]

C = the most recent closing price
L14 = the low of the 14 previous trading sessions
H14 = the highest price traded during the same 14-day period.

%D = 3-period moving average of %K



1. Stochastic: Over bought / Over sold situation

Readings below 20 are considered oversold (indicating that it may be the time to buy as people may start buying now and hence there may be further upward move) and readings above 80 are considered overbought (indicating that it may be the time to short sell as there may be further downward move).

However, level above 80 does not necessarily indicate that people will not buy further and a reading below 20 cannot conclude that people will not sell further. The market may continue to rise after the Stochastic Oscillator has reached 80 or crossed over 80 and continue to fall after the Stochastic Oscillator has reached 20 or gone below 20.

a) When Stochastic indicator is over 80, it indicates that it may go down but it can remain in 80 to 100 range for long time if negative sentiments do not come into the picture. In this case the uptrend can continue for a long time.

b) When Stochastic indicator is below 20, it indicates that it may go up but it can remain in 0 to 20 range for long time if positive sentiments do not come into the picture. In this case the downtrend can continue for a long time.


2. Stochastic Divergence

For the most reliable trading signal, wait for a divergence to develop from overbought or oversold levels. Once the oscillator reaches overbought levels, wait for a negative divergence to develop and then a cross below 80. It's better not to sell at the first dip below 80 but wait to see if it bounces back over 80 again. Most of the time it would bounce back over 80 after the first dip. The second dip results in the sell signal. For a buy signal, wait for a positive divergence to develop after the indicator moves below 20. It is better to disregard the first break above 20. After the positive divergence forms, the second break above 20 confirms the divergence and a buy trading signal is given.

 

[rangarajan]

Dear Debarghya Mukherjee,
I have tried yr methodology to day on intra day & it worked superbly.
Of course,it was a trending day.
Pl tell me whether u have tried it on sideways mkt & if so ,whether there were too many whipsaws.
Reg using it in conjunction with Stochastic,i feel the entries may be very limited.
It gives result even as a stand alone method.But again a trending day & it would behave in a sideways mkt,i await yr comments.

 

[Debarghya Mukherjee]

It is my answer to everybody in this thread that measuring market by any indicator is not possible. Why? Because there are many driving force that drive market Up and Down. We all knows this.
Money management is the key. In side way market we can save our trade using money management. Money management, Index movement, global market trend can be used to measure direction.

Dear Debarghya Mukherjee,
I have tried yr methodology to day on intra day & it worked superbly.
Of course,it was a trending day.
Pl tell me whether u have tried it on sideways mkt & if so ,whether there were too many whipsaws.
Reg using it in conjunction with Stochastic,i feel the entries may be very limited.
It gives result even as a stand alone method.But again a trending day & it would behave in a sideways mkt,i await yr comments.

 

[timepass]

Dear Debarghya Mukherjee,
I have tried yr methodology to day on intra day & it worked superbly.
Of course,it was a trending day.
Pl tell me whether u have tried it on sideways mkt & if so ,whether there were too many whipsaws.
Reg using it in conjunction with Stochastic,i feel the entries may be very limited.
It gives result even as a stand alone method.But again a trending day & it would behave in a sideways mkt,i await yr comments.

I have watched this strategy almost since the day Mukherjee posted it.

The upshot is, no signal, no trade. Just wait. When you get the signal, the results are worth the wait. Quite an innovative use of EMA + ADX.

 

[Debarghya Mukherjee]

Thank you Timepass. You are far too kind.

I have watched this strategy almost since the day Mukherjee posted it.

The upshot is, no signal, no trade. Just wait. When you get the signal, the results are worth the wait. Quite an innovative use of EMA + ADX.