Patterns and Technicals

[pkamalesh]

Re: Trading only one hour in a day !!!!!

Please post yours too and let us discuss all the rules posted. We are sure to reach some consensus on rules to back test.

Look forward to your posts.

Sir would do that very soon ( by tomorrow morning)

 

[AW10]

Re: Trading only one hour in a day !!!!!

But are the losses not too high, as compared to profits?

Ratan, Yes the losses are big.. hence need higher risk tolerance level.
They are big, because this strategy holds the position overnight. On individual trades they look big.. but over a period of time, the strategy has shown positive result..
Look at the other side of this, when mkt gap opens in your favour. You get equally big win as well..
Plz spend some time in analysising the statitical output of the strategy and get a feel of it. That will help in understanding it better.

Happy Trading.

 

[AW10]

Re: Trading only one hour in a day !!!!!

AW10 ,

Sir , got your point and noted , its better we take as much late data as possible as we usually get last minute bounces or selling waves.
I have the comp and 3:15 or 3:25 would be even better. We cn do calcs within 2 minutes and place orders.

Thanks for ur inputs.

CB, I was not mentioning computer to do calculation.. but was thinking of Algorithmic trading.. where u can be in yr School and computer does trading for you. by placing orders as per your rules.. (and loose money faster... without u knowing it..)..

 

[coolboy007]

Re: Trading only one hour in a day !!!!!

CB, I was not mentioning computer to do calculation.. but was thinking of Algorithmic trading.. where u can be in yr School and computer does trading for you. by placing orders as per your rules.. (and loose money faster... without u knowing it..)..

Sir m u think you misunderstood. The calculations are pappu and we dont need comp for that. I meant to say that those who do online trading cn even calc at 3:25 but for one who Dials n trades lines will become busy.

Sir , first of all my Broker doesnt Support AMO and even if it would have supported i wouldnt have used it. The kind of swing we get Intra , SL will be easily hit. So i will come at 3 pm and get loss/profit whatever i can. Even kammy wud have to do the same , either use amo or wait till 3 pm.

College or school waalon ke liye panga hai

 

[DWeeP]

Re: Trading only one hour in a day !!!!!

wow
Excellent thread.
It took me a while to read whole 18 pages. But its worth.

Now i think that this trading system should be tested further. I mean if some one can make a formula for Amibroker(or any other tech analysis software) to backtest the system. I think it can be tested more efficiently and easily this way and we can analyse data of many months/yrs in just one formula and few mins.
Unfortunately, i don't know even A of AFL(amibroker formula language). So, i can't help.
But someone from forum surely can.

Than analysing it statistically we can know odds of success of this trading system.

If successful, it would be gr8 that such a system to be designed in a forum with inputs and discussion from different members.

Hats off to you all.

 

[coolboy007]

Re: Trading only one hour in a day !!!!!

wow
Excellent thread.
It took me a while to read whole 18 pages. But its worth.

Now i think that this trading system should be tested further. I mean if some one can make a formula for Amibroker(or any other tech analysis software) to backtest the system. I think it can be tested more efficiently and easily this way and we can analyse data of many months/yrs in just one formula and few mins.
Unfortunately, i don't know even A of AFL(amibroker formula language). So, i can't help.
But someone from forum surely can.

Than analysing it statistically we can know odds of success of this trading system.

If successful, it would be gr8 that such a system to be designed in a forum with inputs and discussion from different members.

Hats off to you all.

Dweep ,

Yes its a wonderful discovery by our kammy (pkamalesh) and inputs frm people like AW10 are refining this method.

You cn see the Excels attached by Kammy and AW10. They have shown backtesting data as earlier as june. So have a look.

 

[pkamalesh]

Re: Trading only one hour in a day !!!!!

wow
Excellent thread.
It took me a while to read whole 18 pages. But its worth.

Now i think that this trading system should be tested further. I mean if some one can make a formula for Amibroker(or any other tech analysis software) to backtest the system. I think it can be tested more efficiently and easily this way and we can analyse data of many months/yrs in just one formula and few mins.
Unfortunately, i don't know even A of AFL(amibroker formula language). So, i can't help.
But someone from forum surely can.

Than analysing it statistically we can know odds of success of this trading system.

If successful, it would be gr8 that such a system to be designed in a forum with inputs and discussion from different members.

Hats off to you all.

Hi dweep...indeed the method is intresting but the problem here is that the method does not actually need a afl code to back test...its more of a arthemetic one involving the probability of loss or profit during a specific time frame depending on the high and the lows..The system has been exceptioanally backtested by AW sir and if u look at his rules they are sweet enough to get u profits say 7 or 8 out of 10 times(which is great)....But what im scratching my head is how do we combat with our stop losses...Ofcourse it doesnt make sense if we make 200 points in a day and lose 150 points the next day...But if u do it on a monthly basis im 100 % sure that the profits would be huge( especially in a range bound market)

 

[coolboy007]

Re: Trading only one hour in a day !!!!!

Kammy thats what we need proper SL. Should we keep something like a fixed SL of some absolute points. Like max loss limit per trade is 50 points or 100 points.

Kammy i want ur help bro.
As i cn sq off my trade at 3 pm only , what i wanted to know that my SL strategy is :

If i took a short trade on friday with 13% value and on friday value rose to 35% i should trigger my SL and wait till mkts give clear signals. What would you suggest for people like us who have just last half hour. Like on friday if i were online wud have sq off my PE and voila at 3 pm trend had changed and gave a clear indication to go short so i held my PE. Bcoz of me coming online at 3 pm hav never faced loss till now and my SGX account is growing in size . Dont know but someday i cn make loss too.

My point is that i will wait till 3 pm and if trend has changed will trigger my SL. Risk is huge but meri to majboori hai , hope u understand.

 

[pkamalesh]

Re: Trading only one hour in a day !!!!!

Cb in that case i suggest that instead of putting a sl of 50 or 100 points why dont u put up a profit limit of 50 to 100 points...place a offline order the same day (if its a 90 - 10 day)...so that the sl wala janjhat is not there...

 

[DWeeP]

Re: Trading only one hour in a day !!!!!

yes, i went thru those excels. they r good but analyze only last 4-5 months. with an afl i think past years can be analysed easily.

i somehow have a thought in my brain that in putting SL Dow Futures/Dow opening at night may play some role. coz we carry our position overnight and one of major factor affecting our market is US markets.