O T P D without Indicators.

Attached herewith Excel sheet.

How to trade are explained in the excel itself at the end.

It is based on simple strategy based on volatility.

Average Range of Scrip for 14 days is taken into consideration. A range is arrived.

If the scrip moves even 50% of Average range we are likely to hit the target n make profit.

Select your favourite stock. Fill up the excel sheet as per instructions. Arrive at Buy and Buy Target and Sell and Sell Target.

Price ideally should open between Buy and Sell price.

Our bet is that if the price opens between Buy and Sell Prices, it is locked in 20% of the Average Range. Even a 50% shake out of the Range will knock our Buy target or Sell target. Though it looks similar to breakout strategy, i visualise it as blow out.

Thatz the reason, i am insisting on One Trade Per Day.

Variation can be added to the setup as follows.

1.On Gap Up or Gap Down days, instead of close, consider open to arrive at Buy or Sell.

2. For those who are interested to catch, the trending markets, just lock in as free trade.

3.My stop loss is opposite order. Though it looks at higher side, I feel comfortable keeping it like that. You can tweak it as per your comfort.

4. When Stop Loss hits, we should reverse the trade by doubling our quanitity. If second trade also hits SL, then it would be wiser to pack up for the day. Start next day, with a positive hope.

For rule 3 and 4, a variation is by increasing target price.

5. Be quick enough to place orders when the market opens.

6. Since it is not taking into consideration any analysis except figures, I would suggest those who are interested in this setup, to backtest it on your favourite stocks and to papertrade for atleast 5 to 10 trading days. This effort is a must.

I am refining excel sheet so as to make it easily readable.

All the best.

There are some odd scenerious like the following which should be dealt with as discussed below.

1. When the price opens above our buy/buy target or below our sell/sell target , we let it go until it comes within our range.

2. Gap Up or down days. Again wait for the price to come into the range. If it does not come within range, we donot trade. (An alternative to Gaps trading is already mentioned in above post).

3. Never initiate trade when the price is out of range.

4. We are in trade, Only (I repeat) only when the price takes off from the range on either side.

5. There are occasions when our buy or sell are triggered and we are in trade, but neither targets or stop losses are hit. This type of trades do exist. Square off the positions by EOD.

Risk management rules are to be adhered to at all times. That's is to say, expect the worst for the day and then only jump to trade. 2% loss per day, 6% loss per week, 10% loss per month is pegged in. That is to say, if you incur a loss of 2% of capital, suspend trade for the day. If you incur a loss of 6% for a week, suspend trade for the remaining days of the week. If you incur a loss of 10% loss for a month, suspend trade for the remaining days of month.

Money management is obvious to control overtrading and gambling tendencies.

Rules are simple. If no signal for a trade, donot trade.

All the best.:thumb:

Someone has removed the attached file. Please make the file available again. I am interested.