thought process of mine :
initial balance : 4 lakhs
only one script: bnf-1
motto:remain consistent and relax in adverse condition also.
positionsize: 5 lots maximum
last trade : when our equity becames 2 lakh , close trading and go home without questioning.
hope:earn from here and invest in other scripts and withdraw 10% as expenses and 30% as service charge..
time frame :minimum 1 year
thinking :
why we trade one system always , we have to diversify to markets, to timeframe ,to systems , here my capital is less so will do diversify in timeframe and in systems .
why we diversify : because in trend time all sys are making money so in win conditions out of 5 ,4 makes money ,while in sideways if 2 makes money and three gets failed than also we not loose more money , we are in 60:40 condition ............
timeframe to diversify:
3m , 15m
system diversify:
1)trend following in 15m.
2)trade with trend (mini) in 3m
3)orb in 15m with a trailing sl.
4)range trading
5)contra trend trading but trend in trend in 15m
here , as my capital is less so will give 1 lots for each method ,
system1 and system2 are complete , will share all details here , as time permitts , also share trades , reports .....
for system3 , we have an orb specialist mr. augubhai and myamit, we can take guidence from them .
for system4 and system 5 , i have theme but not fully prepared , may be in a week time , i will be do my proper research and share result here ....
currently , my thinking about using system1,system2 and system3 is that in trending time all these three makes money , so when we win all three gets winners , but in sideways phase when our 15m sys looses small money it will backup by 3m system and orb will take care of upand downs ........
so have given weigtage wise currently 2 lots for system1 and 2lots for system2 and 1 lot for orb .
after doing full work will diversify these weitage to 1,1,1,1,1 respectively .....
writing and opening ofthis thread to collect all my work at one place and also to get guidence from specialist and senior's here ......
main idea :
5 systems all mechanical systems ........no second thought of a discretionary approach .....
meanwhile create a sytem which use scaleinout concept with multitf concepts....
where for each scalein we give conditions of our 5 systems and for each scaleout we give our exit conditions of our each 5 systems ......
work is under construction , will share all details , but it takes soem time untill it finished ....
suggestions and help needed from all members here .................
p.s.: thread is only for keeping a record and collection of joint efforts and purely for learning purpose , no money transistion or idea behind this only sharing of idea's and new learning is main motto here .....
delltraderji2013 at the rate of yahoo dot com
initial balance : 4 lakhs
only one script: bnf-1
motto:remain consistent and relax in adverse condition also.
positionsize: 5 lots maximum
last trade : when our equity becames 2 lakh , close trading and go home without questioning.
hope:earn from here and invest in other scripts and withdraw 10% as expenses and 30% as service charge..
time frame :minimum 1 year
thinking :
why we trade one system always , we have to diversify to markets, to timeframe ,to systems , here my capital is less so will do diversify in timeframe and in systems .
why we diversify : because in trend time all sys are making money so in win conditions out of 5 ,4 makes money ,while in sideways if 2 makes money and three gets failed than also we not loose more money , we are in 60:40 condition ............
timeframe to diversify:
3m , 15m
system diversify:
1)trend following in 15m.
2)trade with trend (mini) in 3m
3)orb in 15m with a trailing sl.
4)range trading
5)contra trend trading but trend in trend in 15m
here , as my capital is less so will give 1 lots for each method ,
system1 and system2 are complete , will share all details here , as time permitts , also share trades , reports .....
for system3 , we have an orb specialist mr. augubhai and myamit, we can take guidence from them .
for system4 and system 5 , i have theme but not fully prepared , may be in a week time , i will be do my proper research and share result here ....
currently , my thinking about using system1,system2 and system3 is that in trending time all these three makes money , so when we win all three gets winners , but in sideways phase when our 15m sys looses small money it will backup by 3m system and orb will take care of upand downs ........
so have given weigtage wise currently 2 lots for system1 and 2lots for system2 and 1 lot for orb .
after doing full work will diversify these weitage to 1,1,1,1,1 respectively .....
writing and opening ofthis thread to collect all my work at one place and also to get guidence from specialist and senior's here ......
main idea :
5 systems all mechanical systems ........no second thought of a discretionary approach .....
meanwhile create a sytem which use scaleinout concept with multitf concepts....
where for each scalein we give conditions of our 5 systems and for each scaleout we give our exit conditions of our each 5 systems ......
work is under construction , will share all details , but it takes soem time untill it finished ....
suggestions and help needed from all members here .................
p.s.: thread is only for keeping a record and collection of joint efforts and purely for learning purpose , no money transistion or idea behind this only sharing of idea's and new learning is main motto here .....
delltraderji2013 at the rate of yahoo dot com
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