Best way of day trading - 2652 theory of trading

[columbus]

Hi Columbus,

This is very much inline with the question i had posted in this thread today. According to my understanding[I am a newbie, please correct me if I am wrong], if one uses Sharekhan, he has to enter "6" orders, as follows:

Buy-Sell Order:
1. Enter a Buy order, with Limit Price as 2821.
2. Enter a Sell order, with Limit Price as 2835.
3. Enter a Sell order, with Limit Price as 2793 and SLTP as 2793.5. [As the price is going down from 2806, 2793.5 will come first, which will trigger the order to be placed for sell when reached at 2793. Also Limit Price<SLTP for Sell Order.]

ShortSell-Buy Order:
1. Enter a ShortSell order, with Limit Price as 2779.
2. Enter a Buy order, with Limit Price as 2765.
3. Enter a Buy order, with Limit Price as 2807 and SLTP as 2806.5. [As the price is going up from 2806, 2806.5 is reached first and this would trigger the order to be placed for buy at 2807. Also as per Sharekhan requirement in this order we have Limit Price > SLTP.]

Can the experienced pro's confirm my statements above?

-Sri

columbus and sri i think for this indiainfoline is the best for stop loss buy and stop loss sell orders .
will ask bandlab to comment on this .

dhiraj

I am given to understand that some brokerage houses do not allow to
put stoploss orders as designed by Dhiraj with just 2 orders.Please fill up
the details ,which will be helpful to others.(with option YES or NO)

(You can add to the following list for other brokerage firm.You can cut and
paste the list.)

Brokerage House
============
Sharekhan-------------------NO
indiainfo---------------------YES
IndiaBulls--------------------
ICICIdirect-------------------
MotilalOswal------------------
Geojit------------------------
Religare----------------------
R-money---------------------
IDBIpaisabuilder--------------
RKGlobal---------------------
Angel-----------------------

 

[pakatil]

Brokers who allow placing both Buy & Sell Orders simultaneously.

Brokerage House
============
Sharekhan-------------------NO
indiainfo---------------------YES
IndiaBulls--------------------NO
ICICIdirect-------------------
MotilalOswal------------------
Geojit------------------------
Religare----------------------YES
R-money---------------------
IDBIpaisabuilder--------------
RKGlobal---------------------
Angel-----------------------

 

[amar_gr]

FREE source for both intraday & EOD charts (for those who don't have any charting software) is www.investbulls.com
Registration is simple & free - after that u can access EOD charts & intraday charts of any timeframe (from 1min charts upto 60min charts)
I did my nifty test from that website....
[/B]

Hi Sunil,
By any chance, do we have any options for intraday data.
The chart on Investbulls gets very compressed for data beyond one month. Funnily there is no way to specify the date range for intraday as is available for EOD. The interactive charts are not available for intraday. (I am not sure if I am missing out something.)

I have Metastock, so if data is available in csv,ascii,excel or any usable/convertable format, I will be happy with that option. (I can convert data to my requirement, for use with MS)

Meanwhile I am continuing to backtest at least from 9th Jan til y'day.
Pl let me know if there is a better option available.

Cheers,
Amar

 

[bandlab2]

sunil,

i will do SBI, GRASIM (i will allot my cricket time tomorow to this)

btw, everyday i track 6 stocks for this method. nifty,bank nifty, sbi, rel ind,airtel, grasim, jindal,infosys

my experience is SBI is the best for this method. ntpc, lt,infosys are not that good. nifty,bank nifty give you time to breath as movement is slow compared to stocks. also very rarely you will have a no-trade day with nifty

 

[pakatil]

Hi Amar,

I have downloaded each day's IEOD file from InvestBulls ( Aug 2008 - Dec 2008).
Consolidated it and imported to AmiBroker. Now I am downloading each day and importing it to Ami. 5 monts data even in zipped form is 70 MB....too huge to be uploaded. It is time consuming for me to upload & to you to download.

If you can download all the files from InvestBulls, I can give u a tool for consolidating all to a single csv file, which can be easily imported to Ami or MS.

Cheers

PS: If u r from Bangalore, PM me will give data on a CD.

 

[amar_gr]

u r right... only from 9-Jan it is properly visible. so, only 20 days backtest - i think it's enough.
i really appreciate your sincere efforts, amar.



1min data OHLC values are available under "downloads" tab....
it has all A group stocks' intraday data date wise & then stock wise.
but the resulting output is in text format....
see if this helps....

Thanks man, you are brilliant !!!
I don't know how I could do without your help.
The text data is great, need more preparatory time to download each file & convert it to MS, but the effort is worth it.

Thanks once again.

 

[niftychance]

Hello

Can some one confirm these Feb' 09 trades for Reliance Industries ...

[B]Ticker		Trade	Entry_Time	Price	Exit_Time	Ex. Price	Difference[/B]

RELIANCE.NS	Short	2/2/2009 12:59	1288.22	2/2/2009 14:49	1275.50		12.72

RELIANCE.NS	Long	3/2/2009 12:59	1310.00	3/2/2009 13:29	1320.45		10.45

RELIANCE.NS	Short	4/2/2009 13:39	1311.08	4/2/2009 15:29	1298.15		12.93

RELIANCE.NS	Short	5/2/2009 10:34	1297.03	5/2/2009 11:24	1282.60		14.43

RELIANCE.NS	Long	6/2/2009 11:54	1324.26	6/2/2009 13:59	1335.40		11.14
									================
										61.67

Thanks

 

[VJAY]

Hi sunil,
Thanks for the link.I am going to backtest for the last scrip SAIL.using investbulls chart.

Regards
VJAY

 

[VJAY]

Hello

Can some one confirm these Feb' 09 trades for Reliance Industries ...

[B]Ticker		Trade	Entry_Time	Price	Exit_Time	Ex. Price	Difference[/B]

RELIANCE.NS	Short	2/2/2009 12:59	1288.22	2/2/2009 14:49	1275.50		12.72

RELIANCE.NS	Long	3/2/2009 12:59	1310.00	3/2/2009 13:29	1320.45		10.45

RELIANCE.NS	Short	4/2/2009 13:39	1311.08	4/2/2009 15:29	1298.15		12.93

RELIANCE.NS	Short	5/2/2009 10:34	1297.03	5/2/2009 11:24	1282.60		14.43

RELIANCE.NS	Long	6/2/2009 11:54	1324.26	6/2/2009 13:59	1335.40		11.14
									================
										61.67

Thanks

Hi NF,
I am trading since last 4 days in RIL .except 5th all trades in profit as same you.

Regards
VJAY

 

[bandlab2]

Dear Badlab2,
Thanks a lot for volunteering...

A small request:
Please don't try Grasim....
I have seen its intraday charts.... its spreads & liquidity is not good...

please select any other stock form the list

ok, how about jindal?