Trending F&O Stocks

Trader987

The Disciplined Trader
NF/BNF/SF at present but it may change as
BNF was in loss in 2 month so thinking of stopping it
experimenting with all these in winters till march.
may start fresh from summer/April with instrument in which comfortable in this stage.
Try this thing on banknifty.

Go Long on 1st min candle high break.
Stop loss 20 points from that point. Target 30 points (seems small but try it.)

Go short on 1st min candle low break.
Stop loss 20 points from that point and target 30 points.

If trade fails, do the counter trade after your stop loss hit with same 30 points target and 20 points stop.
(You can increase the target of counter trade to 40 but if counter trade also fails then stop for the day.)

Do not trade if signal comes after first 5 min.

I know, risk reward doesn't seem to be good but at least you can back test this thing on bank nifty futures.....

You are enough intelligent to make this thing more powerful.:)
 
Last edited:
Try this thing on banknifty.



Go Long on 1st min candle high break.

Stop loss 20 points from that point. Target 30 points (seems small but try it.)



Go short on 1st min candle low break.

Stop loss 20 points from that point and target 30 points.



If trade fails, do the counter trade after your stop loss hit with same 30 points target and 20 points stop.



Do not trade if signal comes after first 5 min.



I know, risk reward doesn't seem to be good but at least you can back test this thing on bank nifty futures.....



You are enough intelligent to make this thing more powerful.:)


Do you mean enter place these orders at 9:16? And cancel orders at 9:20 if not executed?
Or any other time of the day?


Sent from my iPhone using Tapatalk
 

Similar threads