Stocks To Keep A Close Eye On

[raj001]

Re: Stocks To Keep A Close Eye On - Chapter II

The rest of follow up :

Regards

-Anant

Can we have something like this for intraday, will help few of us who do day trading

Thanks

 

[VJAY]

Let me first thank all the following people for their kind words of appreciation:
mark_sas30, raj_hpking, cnbondre, and chitanyagoa.

Hi Raj,

CNB has almost explained on my behalf. Still I will put my version here for the benefit of all.

I am using AmiBroker and written a program (AFL) to generate the signals. I have selected a set of around 200 stocks and run the AFL on this set every evening after updating the quotes for the day. This AFL outputs the stock names which have satisfied a condition to signal a BUY or SELL. The condition is built into the AFL. Along with the Buy triggers the AFL also gives that day's Closing price, the Stop Loss and Expected Target price calculated according to the formula given earlier in this thread. After getting this output I visually see the charts of these triggered stocks just to verify that everything is ok. For example, when BHARTIARTL was split, I had not adjusted the data and I got the Sell signal for it. But after seeing the chart I realised the mistake and corrected it. I am testing this system by live paper trading. That means I actually place an order and get the actual purchase price during the market hours. But the order is a dummy and no real BUY/SELL action is taken. I do this to simulate the exact conditions which we face when we really do the trading.

This AFL is not a proprietary program nor it is going to patented or copy protected. Once I have the sufficient evidence that it does give good profitable results I will post it in this forum for all to use it and suggest modifications, corrections etc.

This AFL is not very complicated. I am making it so simple that even with an excel sheet or a simple calculator you can get the signals. A charting program like AmiBroker helps in filtering a large number of stocks. If you have just a few stocks you can use a spreadsheet. A few months EOD data is sufficient.

I request you just wait a little and go through the signals and follow up posted in Chapter II and have a feel of how it is performing. You can post your comments and questions here. I will try to answer to the best of my ability.

@CNB,

It is possible to program the trailing stop loss. What we require is to define the previous trough (low value). In AmiBroker you can do it with the function Trough(Array, Change, n=1)

Regards

-Anant

Dear Anant,

Wow great......You are doing a selfless job .making afl and giving triggers now you are going to release the method(afl) with us wow!!!
Thanks .........

 

[aaplana]

Call price on IDFC not moved much --- Fut moved by 5 bucks
Next time u give a call, I'll have the cash ready sirjee BUT the deep pocket still not there na that is why opted for the call -- once the price moves above 140 the call is gonna rock --

Murtaza Bhai,
I m bit confused abt OPTION: If i buy a lot (CALL-HDIL-STRIKE 270 @10.5) and I keep it till expiry , then what will happen at the time of expiry, suppose it trades aroung @285, then would i get (285-270=)15 automatically credited into my account or would i have to manually square up the position for getting my money, pl explain.

Regards
Aaplana

 

[ravibos]

Hello Friends
I just visit forum on that we can download all NSE BSE FUTURE EOD data. One of our friend manage same for us kindly visit that page Also say thanks to him.........:thumb:

http://www.traderji.com/data-feeds/9111-neat-clean-database-13.html

 

[ravibos]

Hello Friends
I just visit forum on that we can download all NSE BSE FUTURE EOD data. One of our friend manage same for us kindly visit that page Also say thanks to him.........:thumb:

http://www.traderji.com/data-feeds/9111-neat-clean-database-13.html link for page

 

[MurAtt]

Murtaza Bhai,
I m bit confused abt OPTION: If i buy a lot (CALL-HDIL-STRIKE 270 @10.5) and I keep it till expiry , then what will happen at the time of expiry, suppose it trades aroung @285, then would i get (285-270=)15 automatically credited into my account or would i have to manually square up the position for getting my money, pl explain.

Regards
Aaplana

You'd get the credit automatically into your account.
BUT remember - the ltp will not be taken into a/c, it will be adjusted close.
AND yes, premium is lost, you will get only 15 bucks (as you have written).

 

[abbasib]

Salam valekum murtaza bhai , whats ur view on adani IPO

Abbas

 

[MurAtt]

Wa-alaikum as salaam,

Its already oversubscribed 3.8 times - so public view is that it is good.
I am not subscribing coz I do not have much moolah in my a/c, whatever I have will be invested in NHPC IPO -- that will be a much safer and better bet compared to Adani.

This is MY PERSONAL OPINION and others can differ ...

 

[cnbondre]

Let me first thank all the following people for their kind words of appreciation:
mark_sas30, raj_hpking, cnbondre, and chitanyagoa.


@CNB,

It is possible to program the trailing stop loss. What we require is to define the previous trough (low value). In AmiBroker you can do it with the function Trough(Array, Change, n=1)

Regards

-Anant

Hi,

Anant,

Thanks for your detailed explainations. Thanks for your advice on afl for trailing stoploss. I mysefl don't know afl writting but trying to do the "patch work" as per my requirements in a very very small footing.
I came through an afl and think will be usefull for BB and CROSSOVER THREAD; posting it in that thread. Will you please go through it?

Regards

CNB

 

[Rkji]

anant, till now i was only a fan of savant sir & murtaza bhai, but you have impressed me immensly with your selfless dedication & logical insight.

true knowledge always touches my heart.

" i hereby certify to be your greatest fan "


cheers
rishi xx

Hi Chaitanya, (pure knowledge speaks)

Let me explain this with an example. In Chapter II, I have given the Buy Triggers generated today. Let us take the example of GTLINFRA. Today GTLINFRA has closed at 37.20 (NSE price) and reached a high of 38.65. It has a made a low of 34.10 on 22-7-09. Using these values we calculate the Target and SL as Follows:

STOP LOSS = RECENT LOW = 34.10 (I have rounded this to 34, as we should have SL a little below calculated value).

TARGET = 2 times High minus Stop Loss = 2 X 38.65 - 34.1 = 77.3 -34.1 = 43.2

This is the way I calculate initial SL (There are other ways of calculating SL).The trailing SL will be same as the initial SL till a new LOW is made during retracement which is higher than the initial SL. Once a new higher LOW is made (during a retracement) the Trailing SL will move up to that value and the same process continues till either the SL is hit or a SELL triggered.

For any clarification please do post.

Regards

-Anant

______________________________________________________________________________________________________

Hi Raj,

CNB has almost explained on my behalf. Still I will put my version here for the benefit of all.

I am using AmiBroker and written a program (AFL) to generate the signals. I have selected a set of around 200 stocks and run the AFL on this set every evening after updating the quotes for the day. This AFL outputs the stock names which have satisfied a condition to signal a BUY or SELL. The condition is built into the AFL. Along with the Buy triggers the AFL also gives that day's Closing price, the Stop Loss and Expected Target price calculated according to the formula given earlier in this thread. After getting this output I visually see the charts of these triggered stocks just to verify that everything is ok. For example, when BHARTIARTL was split, I had not adjusted the data and I got the Sell signal for it. But after seeing the chart I realised the mistake and corrected it. I am testing this system by live paper trading. That means I actually place an order and get the actual purchase price during the market hours. But the order is a dummy and no real BUY/SELL action is taken. I do this to simulate the exact conditions which we face when we really do the trading.

This AFL is not a proprietary program nor it is going to patented or copy protected. Once I have the sufficient evidence that it does give good profitable results I will post it in this forum for all to use it and suggest modifications, corrections etc.

This AFL is not very complicated. I am making it so simple that even with an excel sheet or a simple calculator you can get the signals. A charting program like AmiBroker helps in filtering a large number of stocks. If you have just a few stocks you can use a spreadsheet. A few months EOD data is sufficient.

I request you just wait a little and go through the signals and follow up posted in Chapter II and have a feel of how it is performing. You can post your comments and questions here. I will try to answer to the best of my ability.

@CNB,

It is possible to program the trailing stop loss. What we require is to define the previous trough (low value). In AmiBroker you can do it with the function Trough(Array, Change, n=1)

Regards

-Anant
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