nifty swing trading ideas without TA

[gurmy.]

@ gurmy, in your excel sheet did u calculate number of successful trade and failure trade and the % of success... If you publish the success rate, many birds(member) will come to this thread!! ..

dear Anup,

thanks for suggestion ,manual calculation takes time

still will try during weekend

thanks

 

[anup]

SL hit !!

 

[gurmy.]

hi,
sell signal triggered at 5859

sold two lots

s/l for today is 5918

thanks

hi,

one of the rare days,where s/l same day

total loss=(5918-5859)=(-59-20)=(-79)

now long 2 lots at 5918
sl for today is 5859

thanks

 

[gurmy.]

hi,

one of the rare days,where s/l same day

total loss=(5918-5859)=(-59-20)=(-79)

now long 2 lots at 5918
sl for today is 5859

thanks

booked one lot at 5938(20 pt profit)

 

[Sultaan]

This seems saintly, is it ?

 

[gurmy.]

already mentioned that basic idea is not mine

only modified to suit my style

 

[gurmy.]

hi,GM,

update on system call

BUY signal came yesterday at 5918

bought two lots,closed one at 20 pt profit yesterday

for today exit below 5839(low of yesterday)

sell below 5839(lowest of last two days)

being last day of the week,and nifty is already up considerably

there may be a profit booking in the 2nd half

trade accordingly

thanks

 

[horizon99]

Hi Gurmy,

I have been trying to formulate a mechanical system for a while and have not been quite successful. Your system is indeed an interesting one as this is very simple to follow.
Good work.
Now that you are updating the spreadsheet work for back testing, I would request you to consider the slippages also.

Regards
Horizon

 

[gurmy.]

Hi Gurmy,

I have been trying to formulate a mechanical system for a while and have not been quite successful. Your system is indeed an interesting one as this is very simple to follow.
Good work.
Now that you are updating the spreadsheet work for back testing, I would request you to consider the slippages also.

Regards
Horizon

hi horizone99,
thanks,that u find it interesting
yes simplicity is my first choice,while designing a system
i am of the view that role of a system in trading is only 10%
rest all is how to manage trade and money management
if u can work out these two things,your trading will improve a lot
a system alone can not handle whipsaw,but these can be tackled with the help of ,"how u manage your trade"
in the above system if u check backtest sheet(will upload today)
u will notice that total profit has been improved by 35%,due to the
introduction of 2nd lot(which is to be closed at 20 pt profit/loss)
this system furthur can be improved on these guidelines
thanks

 

[gurmy.]

HI,
the link of BACKTEST SHEET is

http://www.megafileupload.com/en/file/377696/backtest-nifty-xlsx.html

breif result of backtesting (jan2010--05dec2012)

TOTAL BUY TRADE 111, TOTAL SELL TRADE 109

PROFIT TRADE 57(5376), PROFIT TRADE 49(4033)

LOSS TRADE 54(-2400), LOSS TRADE 60 (-2567)

2ND lot Pr TRADE 88(1760), 2ND lot Pr TRADE 84(1640)

2ND lot Loss TRADE 23(-460), 2ND lot Loss TRADE 25(-500)

TOTAL PROFIT BUY TRADE=4276 total profit SELL TRADE= 2606

TOTAL PROFIT (WITH 1 LOT ONLY)= 4442

TOTAL PROFIT OF 2ND LOT = 2440

TOTAL PROFIT(PTS) JAN2010 TO 5DEC2012=6882pts

AVG 196 PTS PER MONTH