Pivot Based Trading - 1:2 risk reward ratio (Risk less Profit more)

radha55

Well-Known Member
Nifty Futures Profit for 23rd october 2009.

At 10:25 - 10:30 am, the price of Nifty Futures was around 5037 - 5047.

This is between Pivot(5012) and R1(5053).

so as per rule, we short below 5012 and buy above 5053.

Sell triggered below Pivot at 1:38 pm.

0.5% Target = 4987.58675 (achieved). Low for today = 4987.3.

So profit for today = 0.5% = 25 points.

Profit of 1000+ with one lot of Nifty.
 
Hi,

I am new to tradeji.com.

Thanks for sharing your suggestions ans experience.

But i am not able to download zip files that you have attached.

Please help me.

Thanks and Regards
Sandeep Bansal
 

radha55

Well-Known Member
Nifty Futures profit for 26rd october 2009.

At 10:25 - 10:30 am, the price of Nifty Futures was around 4975 - 4985.

This is between S1(4978.86) and S2(4949.83).

So as per rule, we buy above Pivot and sell below S2.

Buy above Pivot(5016) triggered at 12:30.

0.5% Target = 5041.08 (achieved). high is 5043.

So profit for today = 0.5% = 25 points.

Profit of 1000+ with one lot of Nifty.
 
Hi,

Has any one written AFL script for this strategy ? If so please direct me.

Thanks
Sunny

Hi bandlab2 & radha,

As this mathod has a probability of winning on next to SL day, Some body can write a AFL to scan the stocks which has hit SL on EOD.

Then we can trade only that particular stocks on next day to get profit.

I do't have knowledge in AFL.

Regards,
Nava,
 
Hi All,

I have modified AFL posted by Vinod a little bit as follows:

1.Quantity: I have modified code to display quantity based upon the parameter "Risk Amount" to display along with Buy / Short signal

2. Limit price: I am using ICICIDirect and along with Stop Loss order I must provide Limit price which is generally 3% or 5%. I have hardcoded 3% as of now.

Please have a look at the AFL and let me know your suggestions, improvements, etc.


Many thanks
Sunny
 

Sunny1

Well-Known Member
Hi All,

I have modified AFL posted by Vinod a little bit as follows:

1.Quantity: I have modified code to display quantity based upon the parameter "Risk Amount" to display along with Buy / Short signal

2. Limit price: I am using ICICIDirect and along with Stop Loss order I must provide Limit price which is generally 3% or 5%. I have hardcoded 3% as of now.

Please have a look at the AFL and let me know your suggestions, improvements, etc.


Many thanks
Sunny
Hi Sunny, as your are a java programmer . want to ask, is it possible to extract
live intraday data from java based trading terminal for amibroker/other charting software?
 

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