SH's Intraday Strategy - ELH5

[Bullett]

Thanks Vjay n Vikas.

 

[sub2501]

Date Profit/Loss Total
January 03, 2011 -10 -10 ( 2 trades)
January 04, 2011 +70 +60 ( 6 trades)
January 05, 2011 +6 +67 ( 3 trades)
January 06, 2011 +40 +107 ( 2 trades)
January 07, 2011 -4 +103 ( 3 trades)
January 10, 2011 -36 +67 (2 trades)
January 11, 2011 +36 +103 (3 trades)
January 12, 2011 +29 +132 (3 trades)
January 13, 2011 +51 +183 (5 trades)
January 14, 2011 0 +183 (4trades)
January 17, 2011 -4 +179 (3 trades)
Please Note: Above points are without the tax/brokerage.

As quoted by vikas, We had 36 trades with a profit of +179 pts (as per chart) and the brok. deducted from me per trade is Rs. 3/- ie, 36X3= 108, ie the total profit is 71 pts.

SH is there any way to minimise the trade and maximise the profit?

 

[vikas2659]

Date Profit/Loss Total
January 03, 2011 -10 -10 ( 2 trades)
January 04, 2011 +70 +60 ( 6 trades)
January 05, 2011 +6 +67 ( 3 trades)
January 06, 2011 +40 +107 ( 2 trades)
January 07, 2011 -4 +103 ( 3 trades)
January 10, 2011 -36 +67 (2 trades)
January 11, 2011 +36 +103 (3 trades)
January 12, 2011 +29 +132 (3 trades)
January 13, 2011 +51 +183 (5 trades)
January 14, 2011 0 +183 (4trades)
January 17, 2011 -4 +179 (3 trades)
January 18, 2011 -26 +153 (2 trades)

Please Note: Above points are without the tax/brokerage.

 

[vikas2659]

SH sir,
we need to work out sum small tweak/adj/modify rule in this i feel..because our 60% to 70% points is being eaten by brok & taxes..

In this method, three aspects are there effecting cost & efficiency..so the possibilities are :

1. Either Decrease the brokerage---which shall be beyond control
2. Either Decrease the number of trades.
3. Either Increase the profit tgt marginally or to full gear to get advantage of
trending days by doing sum trailing methodology..

So aspect 1 being beyond control, we can workout on aspect 2 or aspect 3 or BOTH to increase the efficiency of system..

Thanx in advance sir...

 

[four321zero]

I have a question here.

Am new to money markets so excuse me if it sounds stupid.

The SHs strategy posted by "traderwithhunter",,,, is it only meant for NiftyFutures Index? Or do you guys use it on the regular stocks on BSE/NSE?

I am askng this because i seen all profits and losses mentioned in points (and not Rs) and the charts used were NiftyContinousFuture.

Please clarify.

 

[sumosanammain]

SH sir,
we need to work out sum small tweak/adj/modify rule in this i feel..because our 60% to 70% points is being eaten by brok & taxes..

In this method, three aspects are there effecting cost & efficiency..so the possibilities are :

1. Either Decrease the brokerage---which shall be beyond control
2. Either Decrease the number of trades.
3. Either Increase the profit tgt marginally or to full gear to get advantage of
trending days by doing sum trailing methodology..

So aspect 1 being beyond control, we can workout on aspect 2 or aspect 3 or BOTH to increase the efficiency of system..

Thanx in advance sir...

Calculate the MFE for the trades, and maybe you can improve the profits in the profitable trades.
Similarly calculate the MAE for losing trades, and thus you could decrease the losses in your losing trades.

These 2 things can make a DRAMATIC improvement to any system.
You will have the risk of some small losing trades turn profitable after you exit, but you would be saving a lot of money on trades that go just against you from the word "go". Also, you could also have some sort of reentry criteria with half the quantity to re enter stopped out trades based on MAE

 

[vikas2659]

Calculate the MFE for the trades, and maybe you can improve the profits in the profitable trades.
Similarly calculate the MAE for losing trades, and thus you could decrease the losses in your losing trades.

These 2 things can make a DRAMATIC improvement to any system.
You will have the risk of some small losing trades turn profitable after you exit, but you would be saving a lot of money on trades that go just against you from the word "go". Also, you could also have some sort of reentry criteria with half the quantity to re enter stopped out trades based on MAE

Dear Sumosanammain,
Meaning of MFE & MAE..??

 

[gkpc]

The strategy needs quiet a lot of inputs from all who are using it to make it sturdier!!! How can I join the RT chat room for this. The 5 EMA is almost like the Uashish Kolkata Indicator nwhich is working fine with me on 5 min. TF.

 

[columbus]

The strategy needs quiet a lot of inputs from all who are using it to make it sturdier!!! How can I join the RT chat room for this. The 5 EMA is almost like the Uashish Kolkata Indicator nwhich is working fine with me on 5 min. TF.

Welcome back !!!!! After a long time you are making your presence felt !!!!

 

[vikas2659]

Friends, i could not trade after the first trade due to shut down of icharts servers/charts for almost the whole day..so the results are being updated from the result page of chatroom..

Date Profit/Loss Total
January 03, 2011 -10 -10 ( 2 trades)
January 04, 2011 +70 +60 ( 6 trades)
January 05, 2011 +6 +67 ( 3 trades)
January 06, 2011 +40 +107 ( 2 trades)
January 07, 2011 -4 +103 ( 3 trades)
January 10, 2011 -36 +67 (2 trades)
January 11, 2011 +36 +103 (3 trades)
January 12, 2011 +29 +132 (3 trades)
January 13, 2011 +51 +183 (5 trades)
January 14, 2011 0 +183 (4trades)
January 17, 2011 -4 +179 (3 trades)
January 18, 2011 -26 +153 (2 trades)
January 19, 2011 -22 +131 (2 trades)

Please Note: Above points are without the tax/brokerage.