NIFTY Futures Mechanical Trading

nadodav · #**131** 4th January 2008, 06:45 PM

Quote:

Originally Posted by balaa11

Is the any criterio to reverse the postion like gap down open for few seconds below your levels,intraday hit for a second etc.Is there any time limit like 5 mins or certain voulmes tobe traded before reversing positions correctly ? Can I put SL and reverse in advance?

Appreciate your do and donts regarding this.

Thanks
Balaa11

you can place SL order everyday once market opens and settles. In general, you should wait for 5 minutes after market opening and place stoploss order by keeping 5-10 points below/above support/resistance exactly the double qty of your holding lots so once SL trigeres, you exit your current position at the same time new opposite position also initiated. Initially I suggest to trade 1 lot of MINIFTY only.

Vinod

nadodav · #**132** 5th January 2008, 12:55 PM

NIFTY FUTURE For January 7,

Current position : LONG (at 6175 on 02/01/2007)

Nifty Fut Closed at : 6264.15

Profit/(Loss) in current trade : +89.15 (as per last closing price)
Net Profit / (Loss) since thread started : +577.15 (488+89.15)

Support : 6181
Resistance : 6283

Hold LONG positions with SL 6181. If trades below 6181, exit LONG & go SHORT with SL 6283.

Nifty Fut.xls updated in 1st message of the thread.

Happy Trading.

Vinod

nadodav · #**133** 7th January 2008, 06:56 PM

NIFTY FUTURE For January 8,

Current position : LONG (at 6175 on 02/01/2007)

Nifty Fut Closed at : 6288.25

Profit/(Loss) in current trade : +113.25 (as per last closing price)
Net Profit / (Loss) since thread started : +601.25 (488+113.25)

Support : 6224
Resistance : 6310

Hold LONG positions with SL 6224. If trades below 6224, exit LONG & go SHORT with SL 6310.

Happy Trading.

Vinod

robin027in · #**134** 7th January 2008, 07:57 PM

Hello Mr Vinod And All Members
I Had Studied The Results Posted By U. The Results Are Indeed Excellent. The System Seems To B One Of The Best For Trading Nifty Futures.
Keep Up The Good Work.
Regards
Robin

J_D · #**135** 8th January 2008, 01:01 PM

Hello vinod,

Your mechanical trading system for Nifty Futures is really good as it rightly captures the trend... Does the same logic apply to trading stock futures also?

Have you applied this methodology of mechanical trading to stock futures.. pls give your views.

justnifty · #**136** 8th January 2008, 02:41 PM

What a perfect support level (8th Jan) ... ?? see image attached... Great going Vinod!!

sachin_jain3 · #**137** 8th January 2008, 04:57 PM

Hello Vinod,

How long do you plan to keep posting this trading strategy. I mean what am i supposed to do if one fine morning there is no update? Is there an end date to this thread?

thanks,
Sachin

MaxBombay · #**138** 8th January 2008, 06:49 PM

Quote:

Originally Posted by sachin_jain3

Hello Vinod,

How long do you plan to keep posting this trading strategy. I mean what am i supposed to do if one fine morning there is no update? Is there an end date to this thread?

thanks,
Sachin

i suggest, in that case you can keep your stop loss to 10 days moving average, but vinod is always been here so no worries

also i found its very important that you keep track of levels properly, if you miss levels you may suffer losses. i normally wait for 10-15 minutes for levels to break.

marcus · #**139** 8th January 2008, 07:58 PM

Next best thing is to use support and resistance levels calculated by a pivot point calculator

nadodav · #**140** 8th January 2008, 08:19 PM

Quote:

Originally Posted by J_D

Hello vinod,

Your mechanical trading system for Nifty Futures is really good as it rightly captures the trend... Does the same logic apply to trading stock futures also?

Have you applied this methodology of mechanical trading to stock futures.. pls give your views.

Dear J.D.

I don't think that this will work for stock futures as good as index futures though i never tested for stock.

Thanks & Regards,

Vinod