Trading according to Karthiks strategy..

[karthik_sri]

Dear Karthik Sri,

Please list the selective scrips, if I am not asking for too much.

Regards,
MSA

Track these...LT, SBIN, TATASTEEL, TATAMOTORS, DLF, INFY, MARUTI

 

[karthik_sri]

On random checking of 30 stocks,All gave profits as per the New strategy.:thumb:
Hats off.
However,in certain stocks,the profit was less than one ruppee unlike ATP & may be more suitable in Fut to achieve the Tgt net brokerage.

In certain stocks,there were Dual opportunities to trade with Both the strategies. eg: Adani

Fantastic information.

Thanks for the backtest result. I would request the other members also to backtest for the benefit of all and share the feedback.

 

[rangarajan]

STRATEGY: 2 DAY CANDLE & PATTERN

Setup: Identify TWO subsequent WHITE or BLACK candle.
Entry Rule : Enter High/Low of the first 5 min candle
Target/Exit: To earn minimum of Rs.1000/- a day (a Re.1/- movement in the scrip)
SL: The High/Low of the first 5 min candle

Important:
1). The idea is to earn Rs.1000/- a day as this is Intraday scalping method
2). No Trade on any day if there is NO WHITE or BLACK CANDLE on previous TWO DAYS.

I will post chart with example. Also I will post next step to trade with Candle Stick Pattern!

Karthik

Karthik,
From yr back testing,pl clarify:
In case of Two consecutive Bear candles,R v to look for short only on the third day and mirror for Bull.
Or it is immaterial as to Bear or Bull,take the trade as per the High/low of the first 5min candle & only consecutive candles r important.

 

[karthik_sri]

Karthik,
From yr back testing,pl clarify:
In case of Two consecutive Bear candles,R v to look for short only on the third day and mirror for Bull.
Or it is immaterial as to Bear or Bull,take the trade as per the High/low of the first 5min candle & only consecutive candles r important.

In case of Two consecutive Bear candles,R v to look for short only on the third day and mirror for Bull. - Yes We look for two consecutive Bear or Bull candle and enter Short or Long on the 3rd day.

Or it is immaterial as to Bear or Bull,take the trade as per the High/low of the first 5min candle & only consecutive candles r important.[/QUOTE] - I am not understanding this query

 

[rangarajan]

In case of Two consecutive Bear candles,R v to look for short only on the third day and mirror for Bull. - Yes We look for two consecutive Bear or Bull candle and enter Short or Long on the 3rd day.

Or it is immaterial as to Bear or Bull,take the trade as per the High/low of the first 5min candle & only consecutive candles r important.

- I am not understanding this query[/QUOTE]
What i mean is that ' The Necessary & Sufficient condition is that There should be Two consecutive Same co lour candles.
They do Not play a part for Long or Short on the third day.
On the 3rd day,enter the trade as per the First candle,in whiever direction the trade goes.'
eg: Two red candles.3rd day candle High is taken First.Should we go Long or No trade.
Why i am reconfirming this from u is that i noted certain trades on Long inspite of Red candles.

 

[karthik_sri]

- I am not understanding this query

What i mean is that ' The Necessary & Sufficient condition is that There should be Two consecutive Same co lour candles.
They do Not play a part for Long or Short on the third day.
On the 3rd day,enter the trade as per the First candle,in whiever direction the trade goes.'
eg: Two red candles.3rd day candle High is taken First.Should we go Long or No trade.
Why i am reconfirming this from u is that i noted certain trades on Long inspite of Red candles.[/QUOTE]

The consecutive same colour candles plays a Predominant Role in this. "If we have two Black or Red candle for two consecutive days, then the third day we should go for SHORT on the first 5 min candle Low" The vice versa applies for White or Green candle.

I have not tested the opposite way for a simple reason that I want to be in the flow of the Trend.

 

[Student]

STRATEGY: 2 DAY CANDLE & PATTERN

Setup: Identify TWO subsequent WHITE or BLACK candle.
Entry Rule : Enter High/Low of the first 5 min candle
Target/Exit: To earn minimum of Rs.1000/- a day (a Re.1/- movement in the scrip)
SL: The High/Low of the first 5 min candle

Important:
1). The idea is to earn Rs.1000/- a day as this is Intraday scalping method
2). No Trade on any day if there is NO WHITE or BLACK CANDLE on previous TWO DAYS.

I will post chart with example. Also I will post next step to trade with Candle Stick Pattern!

Karthik

Thanks for another simple strategy

Both this strategy and Gap Up/Down strategy the trade is initiated after the first 5 min candle completes. If the trade direction contradicts with these 2 strategies - what should we do? suggestion please.

Eg: Last 2 days Green candles, but the day opens as Gap Down. Should we go long or short?

 

[msa5678]

Thanks for another simple strategy

Both this strategy and Gap Up/Down strategy the trade is initiated after the first 5 min candle completes. If the trade direction contradicts with these 2 strategies - what should we do? suggestion please.

Eg: Last 2 days Green candles, but the day opens as Gap Down. Should we go long or short?

Gaps do not have any role in this strategy, As we are going long or short based on the high or low of the 1st 5 min candle.

If the previous 2 days (Daily TF ) candles are green , we go long above the next day's , 1st 5 min candle's HIGH.

If the previous 2 days (Daily TF ) candles are red , we go short below the next day's , 1st 5 min candle's LOW.

 

[Student]

Gaps do not have any role in this strategy, As we are going long or short based on the high or low of the 1st 5 min candle.

If the previous 2 days (Daily TF ) candles are green , we go long above the next day's , 1st 5 min candle's HIGH.

If the previous 2 days (Daily TF ) candles are red , we go short below the next day's , 1st 5 min candle's LOW.

Yes. I understand that. What I meant was - if both strategy's eligibility is satisfied (Strategy A: Prev 2 days Green => Long, Strategy B: open today as Gap Down => Short), the trade contradicts. So in such cases which strategy is better?

If we find such scenario during back testing, we can discuss with real example. Let me check.

 

[mehtaka]

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?