no one going to earn even single rupee day trading

[abhiwhy]

As I eager to know at what position u are now...
it will be worth knowing to us so pls let us inform ur status time by time..thanx

i hadn't traded for last 4 months due to serious health problems , but i m back at work in daytrading so lets see what happens , one important thing.

never allocate more than 15% of your trading capital in daytrading , and not more than 20 % in derivatives .

 

[richo]

Thanks for posting ATRTrading code. It works..

Please let me know your opinion whether I wait till end of the bar before entry? (because most cases it closes well above the Trend line).
OR
Enter when price is at Trendline. - some cases it touches the TrendLine and tanks.

Also please try to post the improved version if you can.

Richo

 

[abhiwhy]

Thanks for posting ATRTrading code. It works..

Please let me know your opinion whether I wait till end of the bar before entry? (because most cases it closes well above the Trend line).
OR
Enter when price is at Trendline. - some cases it touches the TrendLine and tanks.

Also please try to post the improved version if you can.

Richo

better to wait till end of the bar before entry

 

[sunrad]

Dear Abhi,

Greetings and Welcome back.
Good to see you in TJ with a bang.
Trust you are well and All the Best.

Take care

Cheers:thumb:

hi everyone ,
i m much better and recovered and partially back to my job again , thanks a lot to u people for your prayers and blessings ,

so i missed lots of excitements here " nifty touched new highs and made great corrections " and revived again , no matter , i believe markets have lots to see .

so i hope several among you people would have tested the system i had earlier given and analysed the results whether positive or negative .

so this time i have planned to give something more and have lot more and better strategies to make a successful livings from the maret .

abhishek
:thumb::thumb:[/QUOT

 

[richo]

better to wait till end of the bar before entry

Great day today for both short & long. ATRTrading worked very well. Thanks onceagain. I have limitations with Amibroker, can you please post me the code for esignal. Please..

Richo

 

[abhiwhy]

sorry i have no i dea but in metastock i have similar thing
Dr Alexander Elder's SafeZone trailing stop results are similar to atr

meta formula

{ Dr Alexander Elder's SafeZone trailing stop v2 }{ Triggers: Long (+1) & Short (-1) signals at crossover of user-defined trailing stops }{ Copyright 2003 Jose Silva }{ [email protected] }

coefficient:=Input("SafeZone coefficient",
0,10,2.5);
bkpds:=Input("Lookback periods",1,252,10);
pds:=Input("Trend EMA periods",2,252,21);
adv:=Input("plot: today's SafeZone=0, tomorrow's stop=1",0,1,0);
plot:=Input("plot: trailing stop=1, Long+Short=2, signals=3",1,3,1);
delay:=Input("Entry and Exit signal delay",
0,5,0);

DwSidePen:=Mov(C,pds,E)>Ref(Mov(C,pds,E),-1)
AND L<Ref(L,-1);
DwSideDiff:=If(DwSidePen,Ref(L,-1)-L,0);
DwPenAvg:=Sum(DwSideDiff,bkpds)
/(Sum(DwSidePen,bkpds)+.000001);
StLong:=Ref(L-DwPenAvg*coefficient,-1);
StopLong:=If(C<PREV,StLong,Max(StLong,PREV));

UpSidePen:=Mov(C,pds,E)<Ref(Mov(C,pds,E),-1)
AND H>Ref(H,-1);
UpSideDiff:=If(UpSidePen,H-Ref(H,-1),0);
UpPenAvg:=Sum(UpSideDiff,bkpds)
/(Sum(UpSidePen,bkpds)+.000001);
StShort:=Ref(H+UpPenAvg*coefficient,-1);
StopShort:=If(C>PREV,StShort,Min(StShort,PREV));

In:=Cross(C,Ref(StopShort,-1));
Out:=Cross(Ref(StopLong,-1),C);
flag:=BarsSince(Cum(In+Out>-1)=1 OR In)
< BarsSince(Cum(In+Out>-1)=1 OR Out)
+(Cum(In)=1);
signals:=Ref((Cum(In)=1
AND Alert((Cum(In)=1)=0,2)
OR flag AND Alert(flag=0,2))
-(flag=0 AND Alert(flag,2)),-delay);

If(plot=1,Ref(If(flag=1,stopLong,stopShort),
-1+adv),If(plot=2,Ref(stopLong,-1+adv),0));
If(plot=1,Ref(If(flag=1,stopLong,stopShort),
-1+adv),If(plot=2,Ref(stopShort,-1+adv),
signals))

 

[HEM]

sorry i have no i dea but in metastock i have similar thing
Dr Alexander Elder's SafeZone trailing stop results are similar to atr

meta formula

{ Dr Alexander Elder's SafeZone trailing stop v2 }{ Triggers: Long (+1) & Short (-1) signals at crossover of user-defined trailing stops }{ Copyright 2003 Jose Silva }{ [email protected] }

coefficient:=Input("SafeZone coefficient",
0,10,2.5);
bkpds:=Input("Lookback periods",1,252,10);
pds:=Input("Trend EMA periods",2,252,21);
adv:=Input("plot: today's SafeZone=0, tomorrow's stop=1",0,1,0);
plot:=Input("plot: trailing stop=1, Long+Short=2, signals=3",1,3,1);
delay:=Input("Entry and Exit signal delay",
0,5,0);

DwSidePen:=Mov(C,pds,E)>Ref(Mov(C,pds,E),-1)
AND L<Ref(L,-1);
DwSideDiff:=If(DwSidePen,Ref(L,-1)-L,0);
DwPenAvg:=Sum(DwSideDiff,bkpds)
/(Sum(DwSidePen,bkpds)+.000001);
StLong:=Ref(L-DwPenAvg*coefficient,-1);
StopLong:=If(C<PREV,StLong,Max(StLong,PREV));

UpSidePen:=Mov(C,pds,E)<Ref(Mov(C,pds,E),-1)
AND H>Ref(H,-1);
UpSideDiff:=If(UpSidePen,H-Ref(H,-1),0);
UpPenAvg:=Sum(UpSideDiff,bkpds)
/(Sum(UpSidePen,bkpds)+.000001);
StShort:=Ref(H+UpPenAvg*coefficient,-1);
StopShort:=If(C>PREV,StShort,Min(StShort,PREV));

In:=Cross(C,Ref(StopShort,-1));
Out:=Cross(Ref(StopLong,-1),C);
flag:=BarsSince(Cum(In+Out>-1)=1 OR In)
< BarsSince(Cum(In+Out>-1)=1 OR Out)
+(Cum(In)=1);
signals:=Ref((Cum(In)=1
AND Alert((Cum(In)=1)=0,2)
OR flag AND Alert(flag=0,2))
-(flag=0 AND Alert(flag,2)),-delay);

If(plot=1,Ref(If(flag=1,stopLong,stopShort),
-1+adv),If(plot=2,Ref(stopLong,-1+adv),0));
If(plot=1,Ref(If(flag=1,stopLong,stopShort),
-1+adv),If(plot=2,Ref(stopShort,-1+adv),
signals))

Abhi, does this indicator works on intraday basis....?
did you use it...?

Hemant

 

[atulaw]

Abhi.. you are my inspiration (although not reason) for my intraday endeavor.

I may not be following your system/technicals exactly, but I AM trying to follow your style as much as I can.. and it is showing me results. I know there are a lot more experienced/sane/better traders on this forum like Saint, SG and others.. but I am just gelling well with your style.


Disclaimer: No disrespect to seniors. Learned a LOT from their posts, and owe them for most of my technical knowledge. If I didnt see their light, I wouldnt have understood anything about anything.

 

[abhiwhy]

Abhi, does this indicator works on intraday basis....?
did you use it...?

Hemant

yes bro it does ,but i think atr afl provides better result in intraday but it can be used and there may be lot of confusion in a rangebound market conditions but in a market like today (superv) it will prove itself the big hunter and yield outstanding results , if u wanna use it in intrday i have some suggestions(for both techniques) :

1) firstly use it in daily chart and if price is above it , pick only long positions in intrday using same indicator.

2) more confirmed profit would be if in above condition , if it gives buy signal near previous high , (market need to make higher highs in bullish market ) so if it makes higher high this time u r going to gain a hansome profit u could set ur exit according to ur need or simply follow the same indicator for exit.

((one important money making funda is to use it daily signals to intiate a option trade if it shows long (c>indicator ) buy a call , for sure in next 2-3 days it is going to give atleast 2-5 % change in underlying and a resultant change in 15-50% change in option price , i frequently use such kind of setups (i generally use 2day breakout and 4 day breakout technique ) to enter into such position and several times i have doubled tripled my money in 1-5 days ))

reverse is also true for all the above( for shorting or buying put)

 

[abhiwhy]

Abhi.. you are my inspiration (although not reason) for my intraday endeavor.

I may not be following your system/technicals exactly, but I AM trying to follow your style as much as I can.. and it is showing me results. I know there are a lot more experienced/sane/better traders on this forum like Saint, SG and others.. but I am just gelling well with your style.


Disclaimer: No disrespect to seniors. Learned a LOT from their posts, and owe them for most of my technical knowledge. If I didnt see their light, I wouldnt have understood anything about anything.

thanks dear :thanx: and i agree (Disclaimer: No disrespect to seniors. Learned a LOT from their posts, and owe them for most of my technical knowledge. If I didnt see their light, I wouldnt have understood anything about anything.)