Dear Fellow Traders,
I had been using Advanced Rapid Fire NIFTY Trading system for quite long time. Over a period of its regular usage I had observed and thus evolved my own style of methodology in which this AFL helps me to get over 90% profitable trades. I am thus able to easily generate 30 to 40 NIFTY points on daily basis consistently.
For the benefit of all fellow traders (especially who loose consistently), I want to share my evolved methodology with an image also to help them understand & start earning out of beautiful art of intraday trading.
Basically it works like SAR (Stop & Reverse positions) with double the quantities holding. I am doing it and even though SL is Hit, I end up with Profits with Reversed Trades. Do not be panic even if couple of SL are hit, be assured you will end up with Profits.
Thats How I do:
1. I have myself modified the time frame of three RIBBON given beneath their charts to 5min/ 15min/ 60min (Top/ Middle/ Bottom) respectively. Otherwise the Default Time Frame is Selection/ 30min/ 60min.
2. I always keep the 5min charts open and Trade every Trade signal as per the following exercise.
3. I draw Horizontal line on High & Low of Signal Candle (see the image). These lines are drawn manually by the TAB given in AMIBROKER.
4. These HIGH line or LOW Line remains in position till New Trade signal is generated. Like in BUY case after Profit Booking, if the LOW line is HIT I enter Sell Trade and signal is generated thereafter and vice versa.
5. I put NIFTY 2 Lots orders as :- BUY (Trigger order) at HIGH Line & SELL (Trigger Order) at Low line. Let any of these hit as per market conditions.
6. After first position I put SL order of (2+4) NIFTY Lots, 2 lots square off if SL is hit and 4 Lots NIFTY Position is created. I have observed that normally 10 to 12 point SL comes on 5min charts.
7. Even after SL is hit, so out of new 4 positions, I exit with 2Lots with loss + Brokerage. And hold the other Two Lots.
8. The balance two lots are also existed gradually with 12 to 20 points profit. I do not expect more then this on 5min charts.
9. At the end of day even after couples of SL are hit and I only end with clear 20-30-40 points gain based on volatility of market, more importantly consistently.
10. I trade only on lines drawn on Signal candles of 5min Time Frame.
I wish owners of this AFL may endorse my trading style with their AFL with some value additions, if possible.
Hope & Wish that Every One makes money from Stock Market.
Click Here to See the Image
I had been using Advanced Rapid Fire NIFTY Trading system for quite long time. Over a period of its regular usage I had observed and thus evolved my own style of methodology in which this AFL helps me to get over 90% profitable trades. I am thus able to easily generate 30 to 40 NIFTY points on daily basis consistently.
For the benefit of all fellow traders (especially who loose consistently), I want to share my evolved methodology with an image also to help them understand & start earning out of beautiful art of intraday trading.
Basically it works like SAR (Stop & Reverse positions) with double the quantities holding. I am doing it and even though SL is Hit, I end up with Profits with Reversed Trades. Do not be panic even if couple of SL are hit, be assured you will end up with Profits.
Thats How I do:
1. I have myself modified the time frame of three RIBBON given beneath their charts to 5min/ 15min/ 60min (Top/ Middle/ Bottom) respectively. Otherwise the Default Time Frame is Selection/ 30min/ 60min.
2. I always keep the 5min charts open and Trade every Trade signal as per the following exercise.
3. I draw Horizontal line on High & Low of Signal Candle (see the image). These lines are drawn manually by the TAB given in AMIBROKER.
4. These HIGH line or LOW Line remains in position till New Trade signal is generated. Like in BUY case after Profit Booking, if the LOW line is HIT I enter Sell Trade and signal is generated thereafter and vice versa.
5. I put NIFTY 2 Lots orders as :- BUY (Trigger order) at HIGH Line & SELL (Trigger Order) at Low line. Let any of these hit as per market conditions.
6. After first position I put SL order of (2+4) NIFTY Lots, 2 lots square off if SL is hit and 4 Lots NIFTY Position is created. I have observed that normally 10 to 12 point SL comes on 5min charts.
7. Even after SL is hit, so out of new 4 positions, I exit with 2Lots with loss + Brokerage. And hold the other Two Lots.
8. The balance two lots are also existed gradually with 12 to 20 points profit. I do not expect more then this on 5min charts.
9. At the end of day even after couples of SL are hit and I only end with clear 20-30-40 points gain based on volatility of market, more importantly consistently.
10. I trade only on lines drawn on Signal candles of 5min Time Frame.
I wish owners of this AFL may endorse my trading style with their AFL with some value additions, if possible.
Hope & Wish that Every One makes money from Stock Market.
Click Here to See the Image
