CHART IMAGE LINK: http://i.imgur.com/Dv27xSh.png?1
1. Go to I-charts site. Open eod banknifty future 1M chart.
2. Settings for chart: EMA: high,2 & EMA: low,2
3. How to get LONG or SHORT probable band range:
Best BUY range for next day: (ema low,2 value)-100 to (ema low,2 value)+60
Best SELL range for next day: (ema high,2 value)+125 to (ema low,2value)-70
4. Entry price: Enter only if you see Bnf open price in our buy/ sell range. You can still entre if open price is trading little bit closer to band (10 to 25 pts) entre or wait to come price in range for better confirmation. If it is opened out of range or too far from both buy/sell range band avoid trade for that day.
5. Stop loss: after execution place 115 points SL
6. Target: minimum 90 to 100 points from execution price (execution prices is near days open always (it may vary +-10 to 25 pts case to case) in most trading days target hits immediate after execution in first 10-20-30 minutes.
Back tested result:
Total long trade 61
Stop hits for 12 trades
Success trades 49
SUCSESS RATIO FOR LONG TRADES 80%
Total short trades 87
Stop hits for 33 trades
Success trades 54
SUCSESS RATIO FOR SHORT TRADES 62%
SO OVERALL 70% TRADES MAKES PROFITS.
Further improvement scope in strategy:
1. Success Ratio 70%: 70% trades making profits while 30% make loses (present SL comes 115 points)
2. Need additional confirmation of trend: In this system presently we generate 10 to 12 trades/month. I think if we add some support system additional- indicator/trend/idea it may be a added advantage & confidence to execute trades. It will improve success ratio. presently we are oblige to trade all 10-12 whatever calls get generate through strategy but it will be better if we can cut down number of trade & focus only very very high probable trades to execute. it wil help to improve overall result. plz help
LOOKING FORWARD TO SUGGESTION, FEEDBACK FOR FURTHER IMPROVEMENT IN SYSTEM...
1. Go to I-charts site. Open eod banknifty future 1M chart.
2. Settings for chart: EMA: high,2 & EMA: low,2
3. How to get LONG or SHORT probable band range:
Best BUY range for next day: (ema low,2 value)-100 to (ema low,2 value)+60
Best SELL range for next day: (ema high,2 value)+125 to (ema low,2value)-70
4. Entry price: Enter only if you see Bnf open price in our buy/ sell range. You can still entre if open price is trading little bit closer to band (10 to 25 pts) entre or wait to come price in range for better confirmation. If it is opened out of range or too far from both buy/sell range band avoid trade for that day.
5. Stop loss: after execution place 115 points SL
6. Target: minimum 90 to 100 points from execution price (execution prices is near days open always (it may vary +-10 to 25 pts case to case) in most trading days target hits immediate after execution in first 10-20-30 minutes.
Back tested result:
Total long trade 61
Stop hits for 12 trades
Success trades 49
SUCSESS RATIO FOR LONG TRADES 80%
Total short trades 87
Stop hits for 33 trades
Success trades 54
SUCSESS RATIO FOR SHORT TRADES 62%
SO OVERALL 70% TRADES MAKES PROFITS.
Further improvement scope in strategy:
1. Success Ratio 70%: 70% trades making profits while 30% make loses (present SL comes 115 points)
2. Need additional confirmation of trend: In this system presently we generate 10 to 12 trades/month. I think if we add some support system additional- indicator/trend/idea it may be a added advantage & confidence to execute trades. It will improve success ratio. presently we are oblige to trade all 10-12 whatever calls get generate through strategy but it will be better if we can cut down number of trade & focus only very very high probable trades to execute. it wil help to improve overall result. plz help
LOOKING FORWARD TO SUGGESTION, FEEDBACK FOR FURTHER IMPROVEMENT IN SYSTEM...
Last edited:
