Intraday Setup - Open/High/Low breakout pattern - No Charts, Just excel

[albus]

I have a excel sheet which takes real time data from nest and value will be updating every second and I have written formula to provide buy and sell signal when conditions are met.
So I dont need to manually monitor each stock.

I did not get ur second question, can u pls explain ?

can you please provide excel sheet. thanks in advance

 

[basudeo]

I have a excel sheet which takes real time data from nest and value will be updating every second and I have written formula to provide buy and sell signal when conditions are met.
So I dont need to manually monitor each stock.
===========================
Hi Cubt.,

I am having NSE Now provided by smart Trade India. Please share your Excel Sheet . If it will work with Now then alright otherwise I will install Nest Plus.

 

[s0058350]

bro could u disclose ur trade here. with time, like at what time it gave breakout for buy and sell

 

[Cubt]

Guyss., I shall upload the excel by eod, I would not be able to update my trades as am busy wit my day job.

 

[OMSAI]

Hi Guys,

I have always been very comfortable when I traded a intraday method which is very simple, I dont like to monitor the chart always, I dont like to modify my orders for each wild intraday day move, I dont like to skip my lunch/tea break just because am doing intraday.

I use to trade NR7 Method for intraday, I was pretty much comfortable but I faced high draw downs, when I backtested the NR7 setup for 6 years of data the draw down was higher and there was no enough profits.

With this setup I believe I can trade comfortably without much stress during trading hours. I have back tested this method with EOD data in excel with high liquid stocks, results were very much satisfactory. Less draw down, winning percentage was high when compared to other intraday setups like NR7 method or ORB. Here's the trading method.

Entry for Long:

Note down previous day's High price and after market opens today, wait for the price to breakout yesterday's high and when broken check if Today's Open = Today's Low at that time, if Yes go long with Stop loss as today's Low price.

Entry for Short

Note down previous day's Low price and after market opens today, wait for the price to breakdown yesterday's low and when broken check if Today's Open = Today's High at that time, if Yes go Short with Stop loss as today's High price.

Stop Loss: As explained above

Trailing Stop Loss: Based on individual, I do not keep trailing stop loss. (any suggesstion would be helpful)

Target: Based on individual, I do not keep targets, i prefer exit at EOD. (any suggesstion would be helpful)

Exit: Exit at End Of the Day.

Gaps: During gap up, if today's Open price is way above yesterday's high and today's open = today's low, we go long @ Open. (for sure, we cant get open price, but idea is go long as soon as possible with day's low as stop loss).

Vice versa for gap down.

I have done enough back testing and paper trading, will be trading this setup soon. Any suggestion to improve the setup would be really helpful for everyone.

Today's trading result with this setup

Great job Cubt bro.....Simple method always give great result.......I am trading Decades with out chart.....with strong Trading Psychology Simple method is work like Super sonic Fighter Plane .....it's my experience.....:clapping::clapping:

 

[marimuthu13]

Hello Cubt,

I am not trading, but i had just look at this strategies, did some forward testing in Nifty 50 F&O stocks alone...

there 2 drawbacks ..

one is Higher SL...if there is slight gap down opening, open and low is same , buy signal got generated, we are entering on previous day high to broken, SL was to large since SL is below day low..how to handle this..

and more number of trades at a time..more than 5 stocks for a day..

 

[Mr. Mangatha]

Cubt,

I followed your method in crude oil for last two days. But it gives decent profit of 10 to 20 points within 30 minutes after market opening.

But later, it hits the stop loss.

At very rare times, without hitting stop loss, market will be in the full trend.

Thanks for your views

 

[Cubt]

Hello Cubt,





I am not trading, but i had just look at this strategies, did some forward testing in Nifty 50 F&O stocks alone...





there 2 drawbacks ..





one is Higher SL...if there is slight gap down opening, open and low is same , buy signal got generated, we are entering on previous day high to broken, SL was to large since SL is below day low..how to handle this..





and more number of trades at a time..more than 5 stocks for a day..

yes, higher stop loss will be there during gap days but if you avoid these stocks then chances r there where ur over all profits would get affected. Based on individual's risk appetite one can avoid these stocks.



And yes 5 to 7 stocks needs to be tradedd daily, which leads to slippages. Thats why am looking to automate this method using symphony presto

 

[albus]

how ca we send private message to any member in tj ?

 

[albus]

i track this strategy and i found one drawback. suppose any stock broke yesterday high, they trade above high only some few pips and than back to start trade below yesterday high and close between yesterday high and today's low.

we need to add more filter to avoid this.