Tweaks/Experiments in Saint's Intraday Miniflow Method.

M

manojkch

Well-Known Member
#1
#1
Dear all Traderji Members,
First let me thank you Saint Sir for giving us the excellent trading methods and to all seniors for helping us to understand it in better way and guiding us time to time.I want to express my deep gratitude towards Saint Sir for his great efforts to teach these methods day-night and that too without any expectation. Many members are benefiting from his methods and for most of them including me, you have given excellent way to make our living through trading.

Really words are not enough to express my feelings to thank to Saint Sir and all Respected Seniors .

This thread is started with the intention to post the Tweaks / Experiments to the Saints Intraday Minflow Method which may be utilized to enhance the method in some or other way. All members are requested to post any Tweaks/ Experiments with the intention to maximize the profit. I will request Saint Sir and all seniors to comment on it to improve on these experiments and if approved by them, then to include in the Library Thread.

Please note that Saint Sir Method is in itself full proof and back tested to generate excellent profit and there is no need to look for any additional tweaks and to create confusion. My sole intention is to find out and experiment the tweaks which can be taken as an additional confirmatory signals when we are in confusion and to enhance the profitability, if we can, and not to offend his beautiful method. Whether to utilize it or not is up to the individuals discretion.

Thanks
Manoj
 
M

manojkch

Well-Known Member
#2
#2
Taking inspiration from Saints Sir's threads and his way of developing the trading method, I have tried to do some study on 30 min method which may be utilize in some or other way to take benefit. How? That is not very clear but may be Saint Sir and some senior members can give some hints to take benefit from it.

I have back tested it from 16 Dec.2008 to 09 Mar.2009 on 30 min flow for the moves from 1.00-1.30 candle onwards. ( I am manually maintaining data from 16 Dec onwards and I dont have access to data before this date for 30 min charts). May be, it would have worth to back test it for at least 1year data.

(Being a novice trader trader, I dont have enough experience to back test or develop any method. Just a little effort in that direction from Saint Sir teaching)

My observations are as follows.

Study Period : 16-12-08 to 09-03-09
Method : Going with Intraday Miniflow- Saints method.
Topic of Study : Observing the NF movement from 1.00-1.30 completed candle onwards.(After 1.30 PM). Why not 12.30-1.00 candle? Because we are getting enough clues within this 30 min regarding direction of flow)
Base for study: International (European) market opening after 1.00 PM and NF taking clues from it and giving the trade direction accordingly.

Filter used for ENTRY and SAR: 7 (works with 5 also)
SAR : 1.00-1.30 candle High /low after triggering the trade.

1) Total Trading Days : 55

2) No. of days for which the trade closed in the direction of 1.30 candle crack + filter with profit = 41 ( 75%) ( Exiting the trade at 3.10 PM). Here With profit word is used in the sense that the trade closed in positive at 3.10 PM without hitting our SAR. But whether trading this way is profitable overall, is not back tested.

3) No. of days for which the trade closed in the reverse direction of 1.30 PM candle crack + filter with loss = 14 (25%) (Without hitting SAR) . Here closed in reverse direction does not mean that it hit our SAR. It means that the trade closed in negative at 3.10 PM.

4) No. of days for which the trade hit our initial SAR+/- filter level =6 (11%)

5) No. of days for which the trade traveled by at least by 10 points ( excluding filter value) in the direction of crack+/- filter = 48 (87%) and below 10 points = 7 ( 13%)

6) No. of days for which the trade traveled at least by 20 points ( excluding filter value) in the direction of crack+/- filter = 32 (58%)

Saint Sir and Seniors can guide us on how to utilize the above data for maximizing the profit while trading Intraday Miniflow method. Also please guide if there is any error in back testing.

In my Opinion, (Considering point No.4,5 and 6), we can take benefit in the following way
A) As and additional confirmatory signal to our SAR ( 03,02 March.27 Feb etc)
B) As and additional confirmatory signal to our ADD point. ( 20 Feb )
C) May be, we can place an add over 1.30 candle crack before pivot crack.( Ex. Trade dt.09-03-09 and 06, 05 March trade and many more)
D) May be, we can place SAR at 1.30 candle High/Low if the trade is moving unidirectional ( 24 Feb) or before 4 bar rule.
E) For part profit booking after NF traveled by 10 points in our trade direction.


Considering point No.2, 3 nd 4, We can develop any method ( On similar basis on Saint Sir method) where a person can trade only in between 1.30 to 3.20, may be with the use of 5 min chart following Saint Sirs Teach a Man &/or MJs 5 min. Thread or developing any other method. Yet I am not able to develop that but Seniors can. If we are able to develop that, may be it will be useful to part-time traders. But not very sure on this.

Saint Sir and Seniors, please comment on it for improvement. If you find it completely useless, please tell me so that I can delete it.

Thanks and regards.
Manoj
 
columbus

columbus

Well-Known Member
#6
#6
manojkch said:
No. of days for which the trade closed in the direction of 1.30 candle crack + filter with profit = 41 ( 75%)
Manoj
Click to expand...
Hi manoj,

Thanks for a useful post.

Yes ,taking a decision at 10.30 is very difficult because you have 35 minutes
of data with you.

By taking a decision at later interval,it is more accurate ,as you got enough
data with you but of course with reduced profit.This can be sacrificed
for a better accuracy.
 
TFL

TFL

Well-Known Member
#8
#8
manojkch said:
Taking inspiration from Saints Sir's threads and his way of developing the trading method, I have tried to do some study on 30 min method which may be utilize in some or other way to take benefit. How? That is not very clear but may be Saint Sir and some senior members can give some hints to take benefit from it.

I have back tested it from 16 Dec.2008 to 09 Mar.2009 on 30 min flow for the moves from 1.00-1.30 candle onwards. ( I am manually maintaining data from 16 Dec onwards and I dont have access to data before this date for 30 min charts). May be, it would have worth to back test it for at least 1year data.

(Being a novice trader trader, I dont have enough experience to back test or develop any method. Just a little effort in that direction from Saint Sir teaching)

My observations are as follows.

Study Period : 16-12-08 to 09-03-09
Method : Going with Intraday Miniflow- Saints method.
Topic of Study : Observing the NF movement from 1.00-1.30 completed candle onwards.(After 1.30 PM). Why not 12.30-1.00 candle? Because we are getting enough clues within this 30 min regarding direction of flow)
Base for study: International (European) market opening after 1.00 PM and NF taking clues from it and giving the trade direction accordingly.

Filter used for ENTRY and SAR: 7 (works with 5 also)
SAR : 1.00-1.30 candle High /low after triggering the trade.

1) Total Trading Days : 55

2) No. of days for which the trade closed in the direction of 1.30 candle crack + filter with profit = 41 ( 75%) ( Exiting the trade at 3.10 PM). Here With profit word is used in the sense that the trade closed in positive at 3.10 PM without hitting our SAR. But whether trading this way is profitable overall, is not back tested.

3) No. of days for which the trade closed in the reverse direction of 1.30 PM candle crack + filter with loss = 14 (25%) (Without hitting SAR) . Here closed in reverse direction does not mean that it hit our SAR. It means that the trade closed in negative at 3.10 PM.

4) No. of days for which the trade hit our initial SAR+/- filter level =6 (11%)

5) No. of days for which the trade traveled by at least by 10 points ( excluding filter value) in the direction of crack+/- filter = 48 (87%) and below 10 points = 7 ( 13%)

6) No. of days for which the trade traveled at least by 20 points ( excluding filter value) in the direction of crack+/- filter = 32 (58%)

Saint Sir and Seniors can guide us on how to utilize the above data for maximizing the profit while trading Intraday Miniflow method. Also please guide if there is any error in back testing.

In my Opinion, (Considering point No.4,5 and 6), we can take benefit in the following way
A) As and additional confirmatory signal to our SAR ( 03,02 March.27 Feb etc)
B) As and additional confirmatory signal to our ADD point. ( 20 Feb )
C) May be, we can place an add over 1.30 candle crack before pivot crack.( Ex. Trade dt.09-03-09 and 06, 05 March trade and many more)
D) May be, we can place SAR at 1.30 candle High/Low if the trade is moving unidirectional ( 24 Feb) or before 4 bar rule.
E) For part profit booking after NF traveled by 10 points in our trade direction.


Considering point No.2, 3 nd 4, We can develop any method ( On similar basis on Saint Sir method) where a person can trade only in between 1.30 to 3.20, may be with the use of 5 min chart following Saint Sirs Teach a Man &/or MJs 5 min. Thread or developing any other method. Yet I am not able to develop that but Seniors can. If we are able to develop that, may be it will be useful to part-time traders. But not very sure on this.

Saint Sir and Seniors, please comment on it for improvement. If you find it completely useless, please tell me so that I can delete it.

Thanks and regards.
Manoj
Click to expand...
Excellent Manoj, we may make it as an add-on to 30m flow.
Looking for more of your experiments and charts.
It will be good if you can concentrate more on profit booking decisions.

"Best Wishes"

Hari.
 
jamit_05

jamit_05

Well-Known Member
#9
#9
Good line of thinking Manoj. 1.00 indeed causes a lot of reversals. Picking up from what Hari said, if a profit booking method can be carved around Manoj's tweak then we'd be better off.

ST, Vineet... your presence required.

Amit.
 
You must log in or register to reply here.
Thread starter Similar threads Forum Replies Date
timepass My experiments with MFs Mutual Funds Discussion Forum 86
R Experiments with Market Profile Advanced Trading Strategies 53
G Trading logs/experiments Commodities 8
niftyoption My Experiments with Charts Members Discussion Forums 1
veluri1967 NSE EOD Data of NSE Site for Amibroker - Tweaks End of Day 3

Similar threads