Executing banknifty plan ..

[SaravananKS]

sir , may i know why optimized system not works , have heard many times , but till now not understand why ?

u can take any system floating around , unless optimized we not get best parameters . can u tell me sir , how a system is made ?

imo , it depends on a person who is optimizing it ,
he has to choose such parameters like ,
we get best parameter is 55 , we have to see that from 51-59 , we get around same result .
we have not to choose parameter like 8 which is single alone best performer .

after optimizing we get a system , we have to flexiable to take entries/exit around the signals , pure mechanical not works , we have to use other study in conjuction with the system than only we can hit . we have to take system as a guidance to be in right side of market .:thumb:

I am not saying optimized system not works. But many times when you do
walk forward analysis out of sample performances would not performs as much as in sample data.

Apart from this doing monte carlo Analysis would give clues about max drawdown.

Many times even experienced traders expects similar performance of back test that may not Possible in real trading (moreover Slippage also reduces profitability)

All my comments for alerting purpose only

 

[dell]

1 banknifty trading diary..
2 trade in banknifty and strictly intraday. no overnight positions.
3 max 4 lot this month. will add later..
4 will update my real time trades here.
5 anyone want to follow my trades are most welcome.
6 banknifty has more slippages so targeting just 100 points per month.
7 5 min timeframe. trailing stoploss 0.66 % on candle close ,fixed stoploss 0.33 %.
8 this is average system not holy grail.
9 less trades, less headache so less other charges & slippages.

:clapping::clapping:
very nice , looking forward for trades .........
plz update with recent week trade details.....

imo. 100 points in a month is very less as u see in many months u will get less that 1% return and in some months u will get above 5% returns .
also due to various reason many times we not take trades , may be that alone trade is 40-50 points winner . if this profit factor can be increased than great .
slope of equity is great and consistent , drawdown factor is also awesome .
looking forward more from u :clap::clap:

 

[dell]

Apart from this doing monte carlo Analysis would give clues about max drawdown.

saravananKS ,plz , throw some light on this on ur free time ,how this can be done , can we perform it in amibroker ?

 

[The Disciplined Trader]

:clapping::clapping:
very nice , looking forward for trades .........
plz update with recent week trade details.....

imo. 100 points in a month is very less as u see in many months u will get less that 1% return and in some months u will get above 5% returns .
also due to various reason many times we not take trades , may be that alone trade is 40-50 points winner . if this profit factor can be increased than great .
slope of equity is great and consistent , drawdown factor is also awesome .
looking forward more from u :clap::clap:

thank u.. yes 100 points per month are very less but i dont have better system than this and for intraday trading it is not that bad. u have far better systems than me so 100 points per month seems very less for u . i have already posted one pic of ur system in this thread. i have not achieved that 65% profit factor yet but will achieve it in future. this week on monday and today no signal by system. on monday banknifty up by almost 300 points and today almost 100 points still no signals. its very boring system so i am thinking to trade in nifty option as a support system from tomorrow. i will upload nifty system pic tomorrow.

 

[dell]

thank u.. yes 100 points per month are very less but i dont have better system than this and for intraday trading it is not that bad. u have far better systems than me so 100 points per month seems very less for u . i have already posted one pic of ur system in this thread. i have not achieved that 65% profit factor yet but will achieve it in future. this week on monday and today no signal by system. on monday banknifty up by almost 300 points and today almost 100 points still no signals. its very boring system so i am thinking to trade in nifty option as a support system from tomorrow. i will upload nifty system pic tomorrow.

here , i am not comparing performance of our system ,
what i actual mean to say that a 100 point system is need to work on , as many times we miss the trades due to personal reason , it is almost impossible to take all system trades .

u know , any of my 6 system does not catch this recent move , but what if it not catch,is month end today ? u say that 13 trades will come from ur system , than u have to wait full month , may be u get 13 trades or may be 5 trades , but u have to stick on it . it is really boaring to stare whole day .
in my case i daily watch screen and some times did not get trades for continous 10 days .
our aim should be positive in almost all month and became profitable that's it .and we have to keep die hard patience for it .

i also do some work on that system and came across a better version , working on it to get 75% benchmark , which i put a target for me .
hope to hear some better from u soon .

 

[dell]

as ur system is intraday , than u can put an sound alert , so that just when signal come u came to know , in this way u can do other work/ see other charts also , without worring of missing trade signals .

 

[The Disciplined Trader]

1 banknifty trading diary..
2 trade in banknifty and strictly intraday. no overnight positions.
3 max 4 lot this month. will add later..
4 will update my real time trades here.
5 anyone want to follow my trades are most welcome.
6 banknifty has more slippages so targeting just 100 points per month.
7 5 min timeframe. trailing stoploss 0.66 % on candle close ,fixed stoploss 0.33 %.
8 this is average system not holy grail.
9 less trades, less headache so less other charges & slippages.

the above banknifty system is my main system to trade but it is giving very less signals. watching screen 9.15 to 3.30 and not trading is very hard to do but i am used to it. problem is sometimes even banknifty is in trend like monday it was 325 points plus but still i didnt get buy signal. that is frustrating. so as a supporting system i will use another system for nifty which has average 40 trades per month.

1 nifty option trading system..
2 trade in nifty option and strictly intraday. no overnight positions.
3 system has just 167 rs per trade profit which is ver less.
4 i will trade in nifty option to save stt and other charges to cut cost.
5 timeframe 5 min. trailing SL 0.50 % on candle close ,fixed SL 0.20 % TG 2%

to increase profit per trade and profitability of system. i have done some changes in system. i will trade the signal when previous signal is in loss. so total profit didnt decreases and profit per trade increases to 167 to 239. no of trader per month also decreases to 41 to 29. i will trade in nifty option to save other charges and stt. i will trade in out of money options to minimize slippages. so assume that for other charges, brokerage and slippages i pay 139 rs per trade still i get 100 rs per trade. which is not bad for intrday. max consecutive winners are 6 and max consecutive loosers are 18 which is bad but i cant help it as we have just 0.20% fixed stoploss.

banknifty system is main system. this system is currently on testing mode. so if i dont feel comfertable with this system i will stop using it.

i cant upload realtime trades of nifty here but i will upload banknifty trades real time and will upload contract note pic every day. ( i dont want to sell anything here this is just to maintain dicipline not for commercial purpose. )

 

[sunyasi1373]

Nicely Explained and able to sense the effort.We must concentrate on implementation/Entry on timely once the basic signal signals you to trade.

 

[The Disciplined Trader]

here , i am not comparing performance of our system ,
what i actual mean to say that a 100 point system is need to work on , as many times we miss the trades due to personal reason , it is almost impossible to take all system trades .

u know , any of my 6 system does not catch this recent move , but what if it not catch,is month end today ? u say that 13 trades will come from ur system , than u have to wait full month , may be u get 13 trades or may be 5 trades , but u have to stick on it . it is really boaring to stare whole day .
in my case i daily watch screen and some times did not get trades for continous 10 days .
our aim should be positive in almost all month and became profitable that's it .and we have to keep die hard patience for it .

i also do some work on that system and came across a better version , working on it to get 75% benchmark , which i put a target for me .
hope to hear some better from u soon .

thank u for ur support. yes i am working on my systems. 75 % winners is just like dream. can u post pic of equity curve and monthly p/l chart. it will be very useful for me.

 

[copypasteaee]

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problem is sometimes even banknifty is in trend like monday it was 325 points plus but still i didnt get buy signal. that is frustrating.
--snip---

When you are getting 100 points a month from a script which gives 100 points a day to average trader, then what else you expect out of it. Thats why optimized results can never be achieved in practice as the human mind is interfering.... As expected you will soon leave the ystem and jump to some other system. This is not the case of "The Disciplined Trader" but its common among retail traders...

Best of Luck
Copy Pastie....