Karthiks Options Trading Strategy

[poortrader]

poortrader

I consider "closure above high" as a trigger, not a mere touch. What I actually do is keep a simple countdown timer on screen and once buy is shown in ami, I stay ready. If the Buy Signal remains visible with 5 seconds left on timer to go, I execute the market order.

Merely breaching a prior high but failing to close above it makes it a low probability trade anyway.

Thanks to your comments, I actually added a parameter in AFL just to create the visual difference and here it is.

In one image, first setup is entered at high but the price fails to meet the target hitting the stop loss instead. It shows one failed setup afterwards.

In second image, first setup is not entered as price fails to close above. 3 more setups also show up later but none of the trades get taken.

If I understand Karthik's strategy, he only asked to enter when high is hit, and not a close of next candle.
As I understand your method, u will wait for the next 15 min candle to give a close higher than High of set up candle. This way the Sl will become more wide surely. I hope you have run atleast one month backtest. Just yesterday I checked Ce6200 and if you had waited for close above the high, then it would have hit sl (15min chart)
(10.15am=set up bar, 11.15 am bar candle closing higher)
So I think it has its advantages and disadvantages as well.
Also a fixed tgt of 10 points is arbitary, because if the option is priced at 100, 10 is 10%, and if it is priced at 200 it is just 5%, so think about it as well.

Nice that someone is thinking different and raising issues. Would like the thoughts of Karthik as well on this discussion.

 

[pakatil]

Why are we hell bent upon spoiling simple, ordinary, easy to implement strategy with our super smart thinking.......

 

[VJAY]

Why are we hell bent upon spoiling simple, ordinary, easy to implement strategy with our super smart thinking.......

simple one not give any thoughts/thinkings ....its boring ...so we can bent it to look how much it can bend ....when it loss of its consistent ..we throw it and look for other :rofl::rofl::lol:

 

[poortrader]

6300 CE 9.45 bar, high 141.65, cci = 161.54, but candle is bearish, should we enter on brk of high?

 

[XUV-500]

6300 CE 9.45 bar, high 141.65, cci = 161.54, but candle is bearish, should we enter on brk of high?

u r rite...

 

[poortrader]

NOW showing it as 158.55

you mean price showing as 158.55? there is something wrong, logout and login then check the charts, and if u r getting data into amibroker, then delete previous data and backfill

 

[poortrader]

image url

 

[pakatil]

Different Individual perceptions. Changing and chopping not my cup of tea.

So I am off from this.

I have other things to look after.......

 

[poortrader]

Different Individual perceptions. Changing and chopping not my cup of tea.

So I am off from this.

I have other things to look after.......

U r no longer trading this theory? U can simply follow what Karthik has said, no need to deviate from it. I think his theory is simple. What say?

 

[pakatil]

Trade I will. No more participation in this thread.......