My Evolved Intraday Trading Technique with EarnByNifty AFL on Amibroker.

Discussion in 'AmiBroker' started by pkgmtnl, Oct 7, 2011.

  1. pkgmtnl

    pkgmtnl Well-Known Member

    Joined:
    Feb 25, 2009
    Messages:
    675
    Likes Received:
    347
    Trophy Points:
    63
    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
     
    rpc likes this.
  2. jallanankit

    jallanankit Well-Known Member

    Joined:
    Apr 27, 2011
    Messages:
    670
    Likes Received:
    386
    Trophy Points:
    63
    wheres the afl??
     
  3. rpc

    rpc Active Member

    Joined:
    Aug 19, 2005
    Messages:
    488
    Likes Received:
    38
    Trophy Points:
    28
    how do you get signal candle whose high and low you take as basis.I mean which candle is the signal candle.Pls explain.
     
  4. Shailu

    Shailu Active Member

    Joined:
    Aug 21, 2006
    Messages:
    736
    Likes Received:
    141
    Trophy Points:
    43
    From how many days u r trading with this method. As u r telling 30-40 points daily u r getting . It is good.
    Can u show the scan copy of ur trading for previous 1-2 months.
    Wht is ur yahoo messenger id.
     
  5. manjuraniwal

    manjuraniwal Member

    Joined:
    Jan 24, 2010
    Messages:
    44
    Likes Received:
    54
    Trophy Points:
    18
    Can you create the YouTube Video and post the Links? it would be far more easier to judge your technique.
     
  6. SRJC

    SRJC Member

    Joined:
    Sep 1, 2005
    Messages:
    88
    Likes Received:
    19
    Trophy Points:
    8
    Could be a sales rep. Else why post a of chart 20th May 2011 on 7th Oct 2011 when most wouod not have any data to cross check..........
    SRJC:clap::clapping:
     

  7. pkgmtnl

    pkgmtnl Well-Known Member

    Joined:
    Feb 25, 2009
    Messages:
    675
    Likes Received:
    347
    Trophy Points:
    63
    Dear Friend,
    The chart is for 5th Oct,2011. Some1 has rightly suggested to have Video Simulations.

    My address was for guys who are not making good money in Intraday trading. If any1 already making Money consitently from Intraday trading, need not try it.

    Click The Downloadable Video of 07.OCT.2011

    YouTube Video
     
    Last edited: Oct 8, 2011
    Bigbear likes this.
  8. sana

    sana Member

    Joined:
    Jul 2, 2009
    Messages:
    43
    Likes Received:
    33
    Trophy Points:
    18
    Location:
    Pune
    which real time data is good for amibroker?
     
  9. pkgmtnl

    pkgmtnl Well-Known Member

    Joined:
    Feb 25, 2009
    Messages:
    675
    Likes Received:
    347
    Trophy Points:
    63
    I use RT Data from Market-Data-Provider in NSE and MCX both for more then two years now. Its fine & Never had any trouble with it.

    Presently they are offering Festive Discounts, u can avail that.
     
  10. HULK

    HULK Active Member

    Joined:
    May 25, 2010
    Messages:
    130
    Likes Received:
    121
    Trophy Points:
    43

    If you do all ur trading with manually lines draw on chart with amibroker tools then why you are promoting Earnbynifty trading system, as from video itself clearly visible that 7th Nov EBN frist nifty short call went wrong and hit stop loss :rofl:

    HULK
     

Share This Page