NIFTY Futures Mechanical Trading

[bigbazar]

Mr. Nadodev,
thanks for your NIFTY Futures Mechanical Trading stratergy descriptoin, yet i am unable to understand this, but will follow this for some time.

Thanx again.

 

[nifty]

Mr. Nadodev,
thanks for your NIFTY Futures Mechanical Trading stratergy descriptoin, yet i am unable to understand this, but will follow this for some time.

Thanx again.

Hello BigBazar Where did Mr. Nadodev have descripted Mechanical Trading stratergy ? He have just posted the levels for support and resistance in this thread .....

Happy Trading....

 

[atul.malwade]

any body have the formula for share trading same like a nifty mechnaical trading
Pls reply me fast who made this excel brilliant

 

[vinst]

any body have the formula for share trading same like a nifty mechnaical trading
Pls reply me fast who made this excel brilliant

Method to be applied to stocks will need tuning, at least for a set of stocks as behaviours can be widely different. Till now I have tried NF and BNF only.

vin

 

[bhavesh_gelani]

Dear All,

I am starting a new thread for Nifty Futures Traders. I am successfully following my own trend following mechanical trading system for NIFTY futures which i would like to share with you all. I will be posting daily two levels i.e. support & resistance for nifty futures alongwith my current position. These support & resistance are short term trend reversal points and not daily support & resistance levels though it has also worked very well in so many ocassions. My daily posting will look like this -

NIFTY FUTURE For October 29,

Current position : LONG (at 5479 on 25/10/2007)

Support : 5573
Resistance : 5728

Hold LONG positions with SL 5573. If trades below 5573, exit LONG & go SHORT with SL 5728

This means, we are currently LONG in Nifty. And if nifty trades below support i.e. if on Oct 29, Nifty futures trades below 5573 for 2-3 minutes, we will exit LONG & go SHORT with SL as resistance. in this case it is 5728. Incase of SHORT positions, we will look for market to trade above resistance to exit SHORT & go LONG.

So we are simply continuously will be in trade at any point of time either LONG or SHORT. there is no need to book profit as it will be taken care by these level it self. We will capture major part of short term trend in both ways i.e. up as well as down.

Whenever market trades rangebound, than we may have some series of small losses as trend following system will fail in rangebound market. So i request you all initially just watch the levels before putting actual money into trade. I request you to simply paper trade and keep records in excel sheet for atleast two months & once you confident enough, you can trade.

those who are new to futures trading, i think this will be the right place to learn trading futures in more disciplined way. every time you take any positions, you know what will be your exact loss if it goes against you so your emotions, fear etc will be removed.

Pl post your comments, views & feedback.

Vinod Nadoda

Updated on 24/11/2007

I have attached "Nifty fut.xls" till date which may be useful to keep track with my levels. i will keep updating on weekly basis here. Last one year result alongwith trades are also attached.

Vinod Nadoda

I go through ur nifty mechanical trading system but how can i take the decision on intraday basis wer to enter and stoploss etc.....

w8ing for reply

thanks in advance

Bhavesh Gelani

 

[vinst]

I go through ur nifty mechanical trading system but how can i take the decision on intraday basis wer to enter and stoploss etc.....

w8ing for reply

thanks in advance

Bhavesh Gelani

Bhavesh,
Mr Vinod is not posting any more. The levels given are for carryover trade (positional, if you may call it). Every day these two levels are given.

In a long trade, support level acts as SL and "reverse to short" level. In a short trade, resistance level given acts as SL and "reverse to long" level.
In a long trade, resistance level can be ignored and in a short trade, support level can be ignored (usually ).
If we reverse from long-to-short, that day's resistance level becomes SL for the rest of the day. If we reverse from short-to-long, that day's support level becomes SL for the rest of the day.


vin

 

[vinst]

Thanks Vin if u can pls give me the mob no i wud like to talk to u

Bhavesh
Please send me a private message on traderji. ST da has already given me a warning for posting my email address.regards,vin

 

[Karanm]

Dear All,

I am starting a new thread for Nifty Futures Traders. I am successfully following my own trend following mechanical trading system for NIFTY futures which i would like to share with you all. I will be posting daily two levels i.e. support & resistance for nifty futures alongwith my current position. These support & resistance are short term trend reversal points and not daily support & resistance levels though it has also worked very well in so many ocassions. My daily posting will look like this -

NIFTY FUTURE For October 29,

Current position : LONG (at 5479 on 25/10/2007)

Support : 5573
Resistance : 5728

Hold LONG positions with SL 5573. If trades below 5573, exit LONG & go SHORT with SL 5728

This means, we are currently LONG in Nifty. And if nifty trades below support i.e. if on Oct 29, Nifty futures trades below 5573 for 2-3 minutes, we will exit LONG & go SHORT with SL as resistance. in this case it is 5728. Incase of SHORT positions, we will look for market to trade above resistance to exit SHORT & go LONG.

So we are simply continuously will be in trade at any point of time either LONG or SHORT. there is no need to book profit as it will be taken care by these level it self. We will capture major part of short term trend in both ways i.e. up as well as down.

Whenever market trades rangebound, than we may have some series of small losses as trend following system will fail in rangebound market. So i request you all initially just watch the levels before putting actual money into trade. I request you to simply paper trade and keep records in excel sheet for atleast two months & once you confident enough, you can trade.

those who are new to futures trading, i think this will be the right place to learn trading futures in more disciplined way. every time you take any positions, you know what will be your exact loss if it goes against you so your emotions, fear etc will be removed.

Pl post your comments, views & feedback.

Vinod Nadoda

Updated on 24/11/2007

I have attached "Nifty fut.xls" till date which may be useful to keep track with my levels. i will keep updating on weekly basis here. Last one year result alongwith trades are also attached.

Vinod Nadoda

Sir, Kindly provide me the updated Excel file (Upto 30/10/2009) and also the mathod to Calculate Buy - Support - Sell - Resistance

 

[heeemz]

hello Friends,

There have been a lot of enquiries for Sh vinod to resume his postings. It has not happened. I had come across his system in May last year, followed it and even improved it. I am posting the results of my system (mainly based on Vinod's ) here. The right hand scale shows the cumulative points per NF lot for the complete year and the left scale in each plot shows monthly points earned/lost. Data for pre-May 2008 was part of historical test.

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You may find old posts from me in this forum. I have now enough confidence that this system can be traded in many different market conditions.

******************

regards,
vin

Hi Vin: Can you please share your system? And if you have posted it somewhere - can you share the link please?

 

[Karanm]

Sir, Can you please explain your Statergy in datail.