OTP (One Trade Perday) based on Open, Low and High values
How do you choose which shirt to buy when you go shopping for clothes? How do you decide what to eat when you go out for a meal?
More precisely, How can someone else decide what you should buy?
This s/w has shrinks the list from 1800+ to 15 odd.
Can you not pick one or two out of that 15?
If your answer is no, please reconsider your decision about trading.
P.S. I do not sugar coat as it can cause mental diabetes!!!!
More precisely, How can someone else decide what you should buy?
This s/w has shrinks the list from 1800+ to 15 odd.
Can you not pick one or two out of that 15?
If your answer is no, please reconsider your decision about trading.
P.S. I do not sugar coat as it can cause mental diabetes!!!!
Some ways of filtering
- Go for stocks with Small lot size.
- Exclude High Beta Stocks if you cannot take Big risk because High beta stocks normally tend to move beyond the normal Stoploss range. You can look at my StockScreener to find out which are the High beta.
- Take into account VWAP (Volume Waited Average Price). When you are buying buy above VWAP and when you sell, Sell below VWAP.
- You can combine it with the FLOW levels to enter
- Most important Consider the Risk your taking from the Open price because the whole logic is based on the fact that the stock will not trace back to the Open price. So ideally for this kind of trading the Stoploss should be the Open Price. But if the Stock has already moved let us say 1% from the open price then you can avoid this stock.
there might be other ways to filter. But finally it goes without saying that, that is where is the magic, I mean choosing the right stock and choosing the right level to Enter.
This tool only suggests the Stocks to Trade on a particular day based on Open, Low and High. All the values are "Future" values and NOT SPOT.
- Go for stocks with Small lot size.
- Exclude High Beta Stocks if you cannot take Big risk because High beta stocks normally tend to move beyond the normal Stoploss range. You can look at my StockScreener to find out which are the High beta.
- Take into account VWAP (Volume Waited Average Price). When you are buying buy above VWAP and when you sell, Sell below VWAP.
- You can combine it with the FLOW levels to enter
- Most important Consider the Risk your taking from the Open price because the whole logic is based on the fact that the stock will not trace back to the Open price. So ideally for this kind of trading the Stoploss should be the Open Price. But if the Stock has already moved let us say 1% from the open price then you can avoid this stock.
there might be other ways to filter. But finally it goes without saying that, that is where is the magic, I mean choosing the right stock and choosing the right level to Enter.
This tool only suggests the Stocks to Trade on a particular day based on Open, Low and High. All the values are "Future" values and NOT SPOT.
Re: !!
So I think you are talking about two things
- For the first problem, you can Refer to the function "GetSpecificStockFuturesData" in the module modStock. This function downloads the Futures data from NSEIndia site for a specific stock. So I use the code to download instead of using the "Data->From Web" menu in the Excel, where I was facing some issues in alignment etc... Look at the other parameters like WebFormatting, RefreshStyle, BackgroundQuery
- For FO Options data, I had written a tool to download, but then I dropped that because from the Options data not able to decide anything because the big players normally use options for hedging....
- you can also see the function GetDataFromNSEIndia, Where i calculate the Expiry date (Last thursday of the month)
- It would be good to code in C#. It should be far more performing... I am in the early stages of .Net. I wanted to convert the whole thing to an executable in .NET because .NET provide superior functionality especially for Graphs and Charts.... No time basically and am yet to learn .NET
So I think you are talking about two things
- For the first problem, you can Refer to the function "GetSpecificStockFuturesData" in the module modStock. This function downloads the Futures data from NSEIndia site for a specific stock. So I use the code to download instead of using the "Data->From Web" menu in the Excel, where I was facing some issues in alignment etc... Look at the other parameters like WebFormatting, RefreshStyle, BackgroundQuery
- For FO Options data, I had written a tool to download, but then I dropped that because from the Options data not able to decide anything because the big players normally use options for hedging....
- you can also see the function GetDataFromNSEIndia, Where i calculate the Expiry date (Last thursday of the month)
- It would be good to code in C#. It should be far more performing... I am in the early stages of .Net. I wanted to convert the whole thing to an executable in .NET because .NET provide superior functionality especially for Graphs and Charts.... No time basically and am yet to learn .NET
18-Jun-13
Today NIFTY is looking FLAT to BULLISH. So it would be good to try noth the Strong BULL and STRONG BEARS. Let us see what we get at 10 AM.
Stocks to Watch
Today NIFTY is looking FLAT to BULLISH. So it would be good to try noth the Strong BULL and STRONG BEARS. Let us see what we get at 10 AM.
Stocks to Watch
Code:
NSE Code Risk at Entry Signal
GAIL 64% STRONG BEAR
HDFC 159% STRONG BEAR
ICICIBANK 60% STRONG BEAR
NTPC 74% STRONG BEAR
TATAMOTORS 56% STRONG BEAR
ABIRLANUVO 52% STRONG BULL
CENTURYTEX 124% STRONG BEAR
CESC 132% STRONG BEAR
DIVISLAB 59% STRONG BULL
FEDERALBNK 54% STRONG BULL
HINDPETRO 95% STRONG BEAR
MCDOWELL-N 150% STRONG BULL
MCLEODRUSS 112% STRONG BEAR
OFSS 48% STRONG BEAR
RAYMOND 72% STRONG BEAR
SIEMENS 90% STRONG BULL
TATACHEM 50% STRONG BULL
YESBANK 53% STRONG BEAR18-Jun-13 Recommendations.
Below is the Recommendations based in Open, High and Low at 9:55 AM. All the best
Below is the Recommendations based in Open, High and Low at 9:55 AM. All the best
Code:
Date Time Stock Action Target Price Profit / Loss Remarks
18-Jun-13 9:55 ACC SELL 1205.75 0.00 Opening the call -STRONG BEAR
18-Jun-13 9:55 GAIL SELL 297.10 0.00 Opening the call -STRONG BEAR
18-Jun-13 9:55 HDFC SELL 823.40 0.00 Opening the call -STRONG BEAR
18-Jun-13 9:55 HINDUNILVR BUY 595.40 0.00 Opening the call -STRONG BULL
18-Jun-13 9:56 NMDC SELL 108.20 0.00 Opening the call -STRONG BEAR
18-Jun-13 9:56 NTPC SELL 149.05 0.00 Opening the call -STRONG BEAR
18-Jun-13 9:56 TATAMOTORS SELL 295.85 0.00 Opening the call -STRONG BEAR
18-Jun-13 9:56 ABIRLANUVO BUY 1067.95 0.00 Opening the call -STRONG BULL
18-Jun-13 9:57 CENTURYTEX SELL 287.00 0.00 Opening the call -STRONG BEAR
18-Jun-13 9:57 CESC SELL 333.50 0.00 Opening the call -STRONG BEAR
18-Jun-13 9:57 DIVISLAB BUY 977.60 0.00 Opening the call -STRONG BULL
18-Jun-13 9:57 FEDERALBNK BUY 437.10 0.00 Opening the call -STRONG BULL
18-Jun-13 9:57 HINDPETRO SELL 259.50 0.00 Opening the call -STRONG BEAR
18-Jun-13 9:57 MCDOWELL-N BUY 2491.20 0.00 Opening the call -STRONG BULL
18-Jun-13 9:57 SIEMENS BUY 557.15 0.00 Opening the call -STRONG BULL
18-Jun-13 9:57 TATACHEM BUY 303.00 0.00 Opening the call -STRONG BULL
18-Jun-13 9:58 YESBANK SELL 481.00 0.00 Opening the call -STRONG BEAR15 years of Self learning in Excel. No formal training done. If you have a requirement (the What part) and the Energy (Motivation), it is actually speaking very simple ( I am not exaggerating). Today with Internet everything is available in the internet.
My boost or energy came from the motivation that I was NOT able to find a single tool in the market which does the magic. I am trying to trade from 2009 onwards. So far not succeeded. So If I develop my own tool and If I fail I don't have to blame at least somebody else
. Actually most of the time I failed or lost money because I follow my own intuition rather than following what the tool says. If I blindly follow the tool, I will surely succeed but then for that I need to Master my mind. So Trading is 90% a mental game.
Of course you also need to have "Hacker mindset". For example the most difficult part of the tool was downloadin the data from Google. And recently the data Futures data downloaded from NSEIndia site.
My recent challenge is howto get the VWAP from the NSEindia site so that the OTP Tool can improved.
My boost or energy came from the motivation that I was NOT able to find a single tool in the market which does the magic. I am trying to trade from 2009 onwards. So far not succeeded. So If I develop my own tool and If I fail I don't have to blame at least somebody else
. Actually most of the time I failed or lost money because I follow my own intuition rather than following what the tool says. If I blindly follow the tool, I will surely succeed but then for that I need to Master my mind. So Trading is 90% a mental game.Of course you also need to have "Hacker mindset". For example the most difficult part of the tool was downloadin the data from Google. And recently the data Futures data downloaded from NSEIndia site.
My recent challenge is howto get the VWAP from the NSEindia site so that the OTP Tool can improved.
18-Jun-13 Closing status
Except HINDUNILVR, ABIRLANUVO and GAIL the rest of the stocks either hit stoploss or Reversed the Trend. Today those who traded will know how the market was doing a whipsaws between 5800 and 5850. So not a good day for OTP. But rather a good day for MTP.
Except HINDUNILVR, ABIRLANUVO and GAIL the rest of the stocks either hit stoploss or Reversed the Trend. Today those who traded will know how the market was doing a whipsaws between 5800 and 5850. So not a good day for OTP. But rather a good day for MTP.
Code:
Date Time Stock Action Target Price Profit / Loss Remarks
18-Jun-13 10:01 NMDC BUY 108.30 -0.10 Closing the call - Trend Reversed UPwards - STRONG BEAR
18-Jun-13 10:06 SIEMENS SELL 555.60 -1.55 Closing the call - Trend Reversed DOWNwards - STRONG BULL
18-Jun-13 10:10 FEDERALBNK SELL 435.79 -1.31 Closing the call - Stoploss Triggered - STRONG BULL
18-Jun-13 10:13 MCDOWELL-N SELL 2486.80 -4.40 Closing the call - Trend Reversed DOWNwards - STRONG BULL
18-Jun-13 10:37 ACC BUY 1209.20 -3.45 Closing the call - Trend Reversed UPwards - STRONG BEAR
18-Jun-13 10:37 DIVISLAB SELL 974.67 -2.93 Closing the call - Stoploss Triggered - STRONG BULL
18-Jun-13 10:37 HINDPETRO BUY 259.65 -0.15 Closing the call - Trend Reversed UPwards - STRONG BEAR
18-Jun-13 10:38 TATACHEM SELL 303.00 0.00 Closing the call - Trend Reversed DOWNwards - STRONG BULL
18-Jun-13 10:48 HDFC BUY 825.87 -2.47 Closing the call - Stoploss Triggered - STRONG BEAR
18-Jun-13 10:51 YESBANK BUY 482.44 -1.44 Closing the call - Stoploss Triggered - STRONG BEAR
18-Jun-13 11:17 NTPC BUY 149.35 -0.30 Closing the call - Trend Reversed UPwards - STRONG BEAR
18-Jun-13 11:18 CENTURYTEX BUY 287.86 -0.86 Closing the call - Stoploss Triggered - STRONG BEAR
18-Jun-13 12:15 CESC BUY 334.50 -1.00 Closing the call - Stoploss Triggered - STRONG BEAR
18-Jun-13 13:31 TATAMOTORS BUY 296.00 -0.15 Closing the call - Trend Reversed UPwards - STRONG BEAR
18-Jun-13 14:05 HINDUNILVR SELL 595.90 0.50 Closing the call - Trend Reversed DOWNwards - STRONG BULL
18-Jun-13 15:13 ABIRLANUVO SELL 1079.00 11.05 Closing the call - Manual - STRONG BULL
18-Jun-13 15:14 GAIL BUY 295.05 2.05 Closing the call - Manual - STRONG BEAR| Thread starter | Similar threads | Forum | Replies | Date |
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