no one going to earn even single rupee day trading

[atulaw]

I think the system produces too few signals for 3 trades per day, everyday.

Although thats only what I THINK... Will have to back test it. Currently busy with my own system, so will do this later sometime.

Sounds good though.

 

[abhiwhy]

hi everyone , firstly thanks to maruti for his effort to present a good sheet for calculation of trading profit and growing capital ,but brokrage , stt, service charges etc. use to change from time to time and also the capital of everyone is different , u may trade single, double triple or more time in a perticular day and different people get different exposer and fundings , so depending upon everyone's requirement i have made this excel sheet with possible accuracy .

i hope it will serve ur purpose .

regards
abhi

http://www.4shared.com/file/168920692/509057cc/abhishek_money_multiplier_shee.html

 

[abhiwhy]

I think the system produces too few signals for 3 trades per day, everyday.

Although thats only what I THINK... Will have to back test it. Currently busy with my own system, so will do this later sometime.

Sounds good though.

u will need to trade on 3 different scripts most of the cases.

 

[MARUTIMANE]

Dear All,

Who are interested to follow Abhi's or my modified system one more suggestion to all members always follow traffic rules in trading also.

If there is a green signal for walkes nobody strait cross the road everybody is seeing around before crossing even though signal has permitted to cross the road.

Same rule should be applied in traiding also even system has given signal we have to follow some market rules. market condition. global cues.ect. if we follow thease rules there will be less chances of loosing.

Thanks and regards.

 

[Mangafreakz]

Thanks to both Abhi and marutimane for helping us all with their quality posts. have a query marutimane , you told about dealing with Gap Up or Gap Down according to Saint sir's theory , can you please tell something more about that or even if you tell where I can read that , that will be great. Is it in "Teach a man to Fish" ?

 

[abhiwhy]

some more techniques can be used as for example ,3o min breakout is of prime importance , in this technique , after market is open , do not trade for first 30 minutes , then note down the high and low of last 3o minutes , now if price breaks high take long and set the range (30 min high -30 min lo ) above 30 min hi as ur target ,and 30 min lo as stoploss , this technique has a accuracy something aroun 70-80% and most of day my first trade starts with it .

but rest 30-20 % day market fails to rise above the (high + 30 min range ), most of the cases it fails for just few points , so we could have an opportunity here , because 0.50 % target is easily achievable , and accuracy level will go upto 90-95 % i hope but problem lies when market fails to break even 0.50% target , and hits stoploss, loss would be far more than the profit . test it and if u think it could help u then its okey .
note - risk wold be more than reward here , if u could find any improvement in the system in terms of better stops your ideas are most welcomed .

opposite is also true for shorting .

regards

abhi

 

[abhiwhy]

hello everyone most of questions being asked by new visitors are related to DI- and di + and adx indicator , so i have placed a short explanation on 1st post of thread i hope it will be useful to all .

 

[veluri1967]

Abhi,

A small doubt. How are you going to handle whipsaws in +DI and -DI as shown in the chart below.

http://img215.imageshack.us/content_round.php?page=done&l=img215/2310/unitech.jpg

 

[veluri1967]

some more techniques can be used as for example ,3o min breakout is of prime importance , in this technique , after market is open , do not trade for first 30 minutes , then note down the high and low of last 3o minutes , now if price breaks high take long and set the range (30 min high -30 min lo ) above 30 min hi as ur target ,and 30 min lo as stoploss , this technique has a accuracy something aroun 70-80% and most of day my first trade starts with it .

but rest 30-20 % day market fails to rise above the (high + 30 min range ), most of the cases it fails for just few points , so we could have an opportunity here , because 0.50 % target is easily achievable , and accuracy level will go upto 90-95 % i hope but problem lies when market fails to break even 0.50% target , and hits stoploss, loss would be far more than the profit . test it and if u think it could help u then its okey .
note - risk wold be more than reward here , if u could find any improvement in the system in terms of better stops your ideas are most welcomed .

opposite is also true for shorting .

regards

abhi

Nice to hear a variation from you.

Since it has a very high accuracy levels and a low failure rate, it ought to be a good strategy.

I hope you donot mind if I could suggest an addition to the strategy.

Taking a High-Low of first 30 min. is OK. We may miss trading opportunity if price does not move enough above high and low. Isnot it?

Mark yesterday's close on the chart. If the day is narrow bound being High and Low of first 30 min as boundaries and is not a gap up or down day, then yesterday's close comes handy to trade. Buy above close at 25% of High-Low at 30 min after market opens. Set your target as 25% of High-Low of 30 min. Similarly for shorts, below the close. Keep stop loss as short price for longs, as long price for shorts. Use midpoint as close in case of Gap Up or Gap down days. Trade until you hit your first profitable trade. Close the system thereafter. Most important thing is Trail the stop. The movement you see a 20 ps favourable move, just move up your stop loss, so that you are in a free trade and when target gets hit, book profits.

I will try to illustrate with an example. Unitech. Todays High 89.60 and Low 88.30 at 10:30 hrs. Let us suppose say, it is Gap down day and close is not within range. Difference of High and Low is 1.30. Mid point is 88.95. 25% of High-Low is 32.5 rounded off to next higher fives ie 35 ps.

Our buy price is 25% above Midpoint or close that comes to 89.30 Target is 89.65. Stop Loss would be 88.60.
When Stoploss is hit reverse the position, by doubling the lot size.

I hope this addition will help you to make it more profitable and tradable.

Best of luck

 

[abhiwhy]

Nice to hear a variation from you.

Since it has a very high accuracy levels and a low failure rate, it ought to be a good strategy.

I hope you donot mind if I could suggest an addition to the strategy.

Taking a High-Low of first 30 min. is OK. We may miss trading opportunity if price does not move enough above high and low. Isnot it?

Mark yesterday's close on the chart. If the day is narrow bound being High and Low of first 30 min as boundaries and is not a gap up or down day, then yesterday's close comes handy to trade. Buy above close at 25% of High-Low at 30 min after market opens. Set your target as 25% of High-Low of 30 min. Similarly for shorts, below the close. Keep stop loss as short price for longs, as long price for shorts. Use midpoint as close in case of Gap Up or Gap down days. Trade until you hit your first profitable trade. Close the system thereafter. Most important thing is Trail the stop. The movement you see a 20 ps favourable move, just move up your stop loss, so that you are in a free trade and when target gets hit, book profits.

I will try to illustrate with an example. Unitech. Todays High 89.60 and Low 88.30 at 10:30 hrs. Let us suppose say, it is Gap down day and close is not within range. Difference of High and Low is 1.30. Mid point is 88.95. 25% of High-Low is 32.5 rounded off to next higher fives ie 35 ps.

Our buy price is 25% above Midpoint or close that comes to 89.30 Target is 89.65. Stop Loss would be 88.60.
When Stoploss is hit reverse the position, by doubling the lot size.

I hope this addition will help you to make it more profitable and tradable.

Best of luck

thanks a lot veluri1967 for ur views comments and suggestions , why i will mind if anybody's suggestions are increasing the chance of profitability , u r most welcomed and if u have other ideas also please go on . after all we all are only ,here to share knowledge and make better chances of earning .

thanking u
abhi