no one going to earn even single rupee day trading

[abhiwhy]

thanks for your reply....i am using pointer of Ventura securities...it doesnt have any facility of adx or dmi...
can these be replaced by some other indicators....
i am mentioning the indicators that are available to me

averages
macd
macd histogram
bolinger band
rate of change %
rate of change abs
relative strength index
stochastics


this is all i have....do you people use some specific charting software along with it.....

razputz

we are designing any other signal generating set up in order to help people who don't have these indicators in their terminal and softwares , as soon as the set up is ready it would be posted here , i hope the new setup would constitute moving average , rsi and stochastics .

abhi

 

[abhiwhy]

Hi Raj,
di+ and di- have been explained in previous posts. Essentially they define that the trend is in place to go Long or Short. They can be found in TA indicators such as DMI or ADX if you cannot get them separately.

There is no stoploss for this system. It works by taking only 0.5% movement and if the trend reverses before 0.5% then exit on the lines crossing the opposite way.

Profit is by keeping costs low i.e. 2paisa per trade, and leveraging 10x, to get up to 5% per trade, and trading 2-3 times per day if possible.

Hope this helps,

thanks class for your voluntary works .:thanx:

 

[abhiwhy]

Dear Abhi,

for making meta programme I am again revealing the setup please go throug.

1. For buy Ema 3 cross the ema 15 from below same time ADX cross over should be there it may happen 2 bar early or latter for this purpose we use following filter. close should be above 40 ema and stockistic 39 period (k3,d4) should cross 50 from below.

2. For sell Ema 3 cross the ema 15 from above same time ADX cross over shold be there it may happne 2 bar early or latter for this purpose we use following filter. close should be below 40 ema and stockistic 39 period(k3,d4) shluld cross 50 from above.

3, Stop loss. When we took long immediate put target for sell if not achived and price close below 40 ema we should close our position.

Thease are only setups nothing else. please make programme accordingly and back test the result I think result will be positive.

Thanks and regards

dear maruti for last 2 days i have been working and testing ur set up , and i have derived following conclusions .

1) it shows fantastic results in terms of no. of signals , it gives very less and good filtered signals .

2)but there are some drawbacks such as :

a) it gives very less signals .
b) as we r working on 5 min chart , using 50 period moving average means the moving average would come on chart after 200 minutes , it means after 3 hr. 20 minutes , i.e., after 1.25 pm and afterwards the happening of all the crossovers and positions as mentioned in the technique is very rare , i.e., we may and may not get any signal in a day . most of the day i observed there is not any signal .
c) solution may be to use 2-3 day backfill data , but in such cases , the gap open several times causes false signals .
d) most among us do not have any charting software any hence no backfill, should not we try to find out some other alternatives .
i m also looking for others alternatives of all these entering techniques, can u give any other idea or any possible modification .


abhi

 

[MARUTIMANE]

Dear Abhi,

Thanks very much for your efforts for helping the needy and lost confidance people. As a trader we should have atleast minimum trading facility otherwise any system (may be it perfect) we cant use it. For your system and my addition at list we should require 3 days data and for profesional there is no problem but newmembers it is very dificult to trade on single day chart. I request newmebers if possible open account such firms who can provide at list five days intra backfill or there are yahoo finance which can provide five days backfill on intraday.

Now days I have reduced my profit margine from 0.50% to 0.30% because (0.50%) target if not achived within next 2,3 bars stock is reversing and again we are comming to buying place, hence if stock jumps up 0.25% i will put trail stop and if hit I will be little profitable. If you see in choppy market it is very difficult to milk money so why waste our profit.

I have attched exl. file please go through even 0.25% we can achive nice amount with only 6000/- capital we can achive more than 10 lakhs in 100 days I have chalked out programme for next year.

For Gap Open and Gap down I use Saint sirs theroy or wait for clear signal becuase target is very less and we can achive this target within 10 mininuts if clear cut cross over on both the system you can see no trade will be in loss.

Thanks and regards

 

[abhiwhy]

Dear Abhi,

Thanks very much for your efforts for helping the needy and lost confidance people. As a trader we should have atleast minimum trading facility otherwise any system (may be it perfect) we cant use it. For your system and my addition at list we should require 3 days data and for profesional there is no problem but newmembers it is very dificult to trade on single day chart. I request newmebers if possible open account such firms who can provide at list five days intra backfill or there are yahoo finance which can provide five days backfill on intraday.

Now days I have reduced my profit margine from 0.50% to 0.30% because (0.50%) target if not achived within next 2,3 bars stock is reversing and again we are comming to buying place, hence if stock jumps up 0.25% i will put trainl stop and if hit I will be little profitable. If you see in choppy market it is very difficult to milk money so why waste our profit.

I have attched exl. file please go trhough even 0.25% we can achive nice amount with only 6000/- capital we can achive more than 1 cr in 100 days I have chalked out programme for next year.

Thanks and regards

thanks bro for such useful informations)

i also believe that market do not acknowledges anybody's inability of absence of trading infrastructure .

also in a choppy day lower the profit target more is the probability , of order execution , i too several times place targets of 0.25% and thats why use to make consistent profits , but as our brokrage is relatively lower we could do that but most of the people are still paying 3-5 paisa /100 due to lack of information about the cheaper substitutes , so it is not possible for them to do so .

also being rational very important , we have to make judgement of what to pick , if a stock is bullish is daily chart and is constantly increasing then we could get 100 % by filtering out the buy signals only and avoiding short signals , and vice versa , i also made a post regarding the selection of right stocks for right direction trade but probably no body shown any interest in that , everyone want to earn with simplicity and without any complication but earning in market is never so easy .

abhi

 

[abhiwhy]

maruti u made a small omission by mistake in ur sheet i.e., u have not counted stt @ 0.025% of sell side and service charge on brokrage .also why adding profit today's profit for today's for brokrage calculation also why multipled with 3.

 

[MARUTIMANE]

Dear Abhi,

thanks for reply.

Please go through attached xls. file I have put 0.05 brokarage and profit target 0.25% for newmembers only. please go through and suggest any advice sorry ( we cant advice to anybody) only we can guide.

Thanks and regards

 

[MARUTIMANE]

Dear Abhi,
I have included all the charges including STT it come 0.05 only for single side becuase now days max brokarage is 0.03 ps is all firms are offering . I have included buy sale total for calculating brokage and mximum 3 trades. Please go through.


Thanks and regards

 

[MARUTIMANE]

Dear All.

The provided Xls file is only for full time day trader. Please do not use for it for short term. This theory called scapling with system.

Thanks and regards.

 

[MARUTIMANE]

Dear Abhi

Hear I will put how to find out which stock is going up or down.

1. Put yesterdays 15 min chart infornt chalk out 2.45 to 3.30 high low.
if next day price cross high of chalked period stock will go up at list 0.50%
if next day price dips below of chalked period stock will go down at list 0.50%

Please back test and find out

This is real secret of 0.50% gain I am reaving it for all TJ members.

Thanks and regards