Trading according to Karthiks strategy..

[msa5678]

Hello
Have a query about the ATP stratergy by Karthik. Dont know whether this query has been raised or not.
We buy/short on the high/low of the candle which is crossing the ATP, for the movement of 1 Re in case of ABAN. and the stop loss is placed for long than low of the crossing candle and high for short of the crossing candle. I hope my concept about ATP stratergy is correct.??
Query is about the risk factor. As we are targeting 1 Re. i.e 1000rs (Aban) what if the stop loss is more than 2-3 Rs. As one stop is hit we are pushed back 2-3 profitable trades. and view on this?

The sucess ratio in this strategy is very high. For example take the case of TATAMOTORS from OCT 2012 to date. There had been approximately 40 trades, out of which only 7 were in loss and 33 were in profit.

 

[karthik_sri]

Hello
Have a query about the ATP stratergy by Karthik. Dont know whether this query has been raised or not.
We buy/short on the high/low of the candle which is crossing the ATP, for the movement of 1 Re in case of ABAN. and the stop loss is placed for long than low of the crossing candle and high for short of the crossing candle. I hope my concept about ATP stratergy is correct.??
Query is about the risk factor. As we are targeting 1 Re. i.e 1000rs (Aban) what if the stop loss is more than 2-3 Rs. As one stop is hit we are pushed back 2-3 profitable trades. and view on this?

Pls backtest a scrip get satisfied of urself on the success ratio so that u enter into the trade with confidence. SL is to restrict our lossess and it should not happen that every now and then price hit the SL and we loose the profit oppertunity!

 

[mehtaka]

Pls backtest a scrip get satisfied of urself on the success ratio so that u enter into the trade with confidence. SL is to restrict our lossess and it should not happen that every now and then price hit the SL and we loose the profit oppertunity!

Karthik Sir,
I agree with you, for any system we need to trade , one has to backtest it. Normally, a system gives more number of losing trades than the winng trades but its still in profit. Here in ATP stratergy, we have fixed target but the s/l keep on varying. So the number of winning trades has to be more. For example today in ABAN. we had a s/l hit of arnd 4 Rs. which takes out our 4 profitable trades.
Can we back test this stratergy in amibroker automatic analysis?

 

[karthik_sri]

Karthik Sir,
I agree with you, for any system we need to trade , one has to backtest it. Normally, a system gives more number of losing trades than the winng trades but its still in profit. Here in ATP stratergy, we have fixed target but the s/l keep on varying. So the number of winning trades has to be more. For example today in ABAN. we had a s/l hit of arnd 4 Rs. which takes out our 4 profitable trades.
Can we back test this stratergy in amibroker automatic analysis?

I dont have an AFL to have automatic analysis. Some times we may end up like this huge SL hit.

 

[rangarajan]

Karthik Sir,
For example today in ABAN. we had a s/l hit of arnd 4 Rs. which takes out our 4 profitable trades.

Why loss in Aban today?

It was short<381(11.30-11.45 candle,s/l 381.75,ATP 381.1)
It traded up to 378 w/o triggering the s/l.

So,where did u go wrong?

Uploaded with ImageShack.us

 

[mukuldunnu]

Hi Friends,

I will be posting the trade based on Karthik's ATP strategy.If anyone interetsed can follow.:clap:

To begin with i will be posting trades of only adani Enterprise.Because it has got good success rate in this stock.:annoyed:
All the trades will be intraday and target will be 2.5rs to 4rs in adani.

Entry,Exit,SL will be posted. Strict SL should be followed,No room for emotional trade.

For karthik's strategy refer:
http://www.traderji.com/technical-analysis/69781-search-system-need-no-chart-no-ta-fa-2.html

Dear ,
Plz give me Mr. Karthik's strategy as the link is not working proper

 

[sivaskv]

today and last friday not traded.........

Hi Vijay,

I have requested thru PM for trade log file format. If possible please share the same

Thanks
Siva

 

[karthik_sri]

I have posted the chart of today of the following scrip as per 2 Day Black Or White Candle.

RANBAXY : Previous Two Days BLACK/RED Candle

SUNPHARMA : Previous Two Days BLACK/RED Candle

TATAMOTORS : Previous Two Days BLACK/RED Candle

Intraday chart of the above for your reference. Though I have not traded today on this method but just for your understanding. Tatamotors today didnt go below the first 5 min candle and made White candle at EOD. We didnt had Trade oppertunity.

http://i.imgur.com/SV3cJ.jpg

http://i.imgur.com/kyl8g.jpg

http://i.imgur.com/GmUmu.jpg

Karthik

 

[msa5678]

I dont have an AFL to have automatic analysis. Some times we may end up like this huge SL hit.

Hi Karthik Sri,

In some cases , rare but happens occasionally, the daily candle opens and closes at the same price. So whether to take this as a black candle or white candle ?

Regards

 

[karthik_sri]

Hi Karthik Sri,

In some cases , rare but happens occasionally, the daily candle opens and closes at the same price. So whether to take this as a black candle or white candle ?

Regards

Hi MSA,
I think u are asking for the 2 day Black/White candle strategy. If the Open and Close are the same price it means a Doji. We cannot come to a conclusion that the day closed with Red/Green so better wait for another two days!

Karthik