Intraday trading / scaping

kumar_b_s_99

kumar_b_s_99

Active Member
#1
#1
I planning to trade intraday trading as follows:

Starting the trade in @ 9.20 am using 5 min chart using bar chart. Wait for 5 min only.

For Long: Buy Nifty fut above the high of the 5 min bar and keep the stop loss below low. After 5 min, i move the sl to low of the next bar. If sl triggered, sell 2 lots and keep sl loss above the high of the previous bar.

For Short : VICE VERSA

Seniors pls advice,
 
manishchan

manishchan

Well-Known Member
#2
#2
kumar_b_s_99 said:
I planning to trade intraday trading as follows:

Starting the trade in @ 9.20 am using 5 min chart using bar chart. Wait for 5 min only.

For Long: Buy Nifty fut above the high of the 5 min bar and keep the stop loss below low. After 5 min, i move the sl to low of the next bar. If sl triggered, sell 2 lots and keep sl loss above the high of the previous bar.

For Short : VICE VERSA

Seniors pls advice,
Click to expand...
You better do backtesting to see for yourself. According to me, you will get killed if you trade every 5 min high/low..
 
classifiedindian

classifiedindian

Active Member
#3
#3
kumar_b_s_99 said:
I planning to trade intraday trading as follows:

Starting the trade in @ 9.20 am using 5 min chart using bar chart. Wait for 5 min only.

For Long: Buy Nifty fut above the high of the 5 min bar and keep the stop loss below low. After 5 min, i move the sl to low of the next bar. If sl triggered, sell 2 lots and keep sl loss above the high of the previous bar.

For Short : VICE VERSA

Seniors pls advice,
Click to expand...
What is your rationale behind the strategy? I'm sure you have good reason behind it?
 
classifiedindian

classifiedindian

Active Member
#4
#4
kumar_b_s_99 said:
I planning to trade intraday trading as follows:

Starting the trade in @ 9.20 am using 5 min chart using bar chart. Wait for 5 min only.

For Long: Buy Nifty fut above the high of the 5 min bar and keep the stop loss below low. After 5 min, i move the sl to low of the next bar. If sl triggered, sell 2 lots and keep sl loss above the high of the previous bar.

For Short : VICE VERSA

Seniors pls advice,
Click to expand...
How has your strategy worked? Any updates?
 
NJ23

NJ23

Well-Known Member
#5
#5
kumar_b_s_99 said:
I planning to trade intraday trading as follows:

Starting the trade in @ 9.20 am using 5 min chart using bar chart. Wait for 5 min only.

For Long: Buy Nifty fut above the high of the 5 min bar and keep the stop loss below low. After 5 min, i move the sl to low of the next bar. If sl triggered, sell 2 lots and keep sl loss above the high of the previous bar.

For Short : VICE VERSA

Seniors pls advice,
Click to expand...
Apply this kind of strategy on Range Bars. On time based charts, it won't be very effective. On Range bars, it can give excellent results.
 
Blackhole

Blackhole

Well-Known Member
#6
#6
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