NIFTY Futures Mechanical Trading

columbus · #**401** 20th March 2008, 05:57 PM

Quote:

Originally Posted by uasish

Approximately in 4.5 months this system has given (+) 1581 points in Nifty Fut.Taking into a/c the massive fall we are undergoing at present,which was actually more conducive for success.Even keeping that in mind.Few points come in my thought process:=

1) When one is following a System ,MECHANICALLY ,it generates wealth.
2) Stop the Search for Holy Grail & follow any 1 method dedicatedly & evolve around it.

This guy without any Shouting is trying to tell us YES WE CAN EARN / YES THIS CAN BE A PROFFESSION.

100*1581= Rs 1,58,100 divided by 5 months = Rs 31,620.00 per month & for 1 Lot a genorous allotment of Rs 3.00 Lacks is sufficient i believe.

I find many new members ,looking for Tips or Holy Grail ; can we not try to make a system like Vinod / Savant & adhere to it .

This is the precise Reason why i resepct these type of guys,they are trying to help us Develop/ impart confidence.

Uahish,

As an example at NIFTY = 5000, ONE lot attracts an amount 18% of total cost ,which is 90,000 but not Rs3.00 Lakhs as mentioned by you.

columbus · #**402** 20th March 2008, 06:06 PM

Quote:

Originally Posted by a_s_nandakumar

Yes to a great extent I do agree that in mechanical trading we will be on the right side most of the time.But it is a continuous process.We have to keep track of our plus and minuses.I am trying this with minnifty as the lot is small.It will not hurt much.We can also try camarilla equation which is an intra day strategy.It gives 8 different levels to go long or short.

Nandakumar,

You are correct,in this volatile market it is better to stick to small lots ,especially MINIFTY without taking ANY positional call.Taking a position in 5 lots in either direction is different from taking position in ONE ,5 times in a day (if it permits) because the pain suffered in case.1 in case of eventuality is more.Of course case.2 offers less returns ,with not great pain.

uasish · #**403** 21st March 2008, 01:23 AM

Quote:

Originally Posted by columbus

Uahish,

As an example at NIFTY = 5000, ONE lot attracts an amount 18% of total cost ,which is 90,000 but not Rs3.00 Lakhs as mentioned by you.

You are right in the Mathametics part,there is 1 very vital point we tend to overlook while trading in Futures that is undercapitalization.That is the reason why i said that 3 Lacks seems OK.

a_s_nandakumar · #**404** 21st March 2008, 08:30 PM

Vinod ji
Yes you are doing a great job.You are inculcating discipline in the trading to the forum members which is very important.We should never be greedy and at the same time have fear.We have to be cool and professional.That way mechanical system of trading is of great help.Even new entrants into the stock market can follow the system and be comfortable.Keep it up !!!

Nandakumar

sillu_m · #**405** 23rd March 2008, 01:52 AM

Dear friends i want to trade nifty future from monday with share khan. Can u guid what r the requirements to start this I mean how much money should be in the account.....can one trade nifty future on intraday basis....

regards.

nitinku5021a · #**406** 23rd March 2008, 02:05 AM

Quote:

Originally Posted by sillu_m

Dear friends i want to trade nifty future from monday with share khan. Can u guid what r the requirements to start this I mean how much money should be in the account.....can one trade nifty future on intraday basis....

regards.

min. 17-18% of the position size.

Nitin

uasish · #**407** 23rd March 2008, 07:20 AM

Quote:

Originally Posted by sillu_m

Dear friends i want to trade nifty future from monday with share khan. Can u guid what r the requirements to start this I mean how much money should be in the account.....can one trade nifty future on intraday basis....

regards.

1st go thru Vinod's full thread to find out what is the Max Drawdown,in this system say X ,then to put additional order for Stop / Exit etc ;many broker need equal amount Margin ,if so Allocate another 2 more orders Margin Amount,then find out the ATR of your Time frame or the Stop's distance from Entry in Vinod's Sysem,multiply that by 3.5 (to be in safer side).On this total amount Add the Max Loss you can digest in each contract in 10 Trades.(I can assure you One Can Not get more than 9 consequetive Loss,atleast in last 6 yrs trading everyday, this is my finding.)
Bingo you go it,go ahead,best of Luck.

msridher · #**408** 23rd March 2008, 01:56 PM

dEAR VINOD THE PRICE MENTIONED IS SPOT LEVEL OR FUTURE PRICE

URS
SRI

nitinku5021a · #**409** 23rd March 2008, 08:26 PM

Hi Vinod/Uasish,

First of all, Let me thank both of you for your contribution. I was going through Vinod's system and simulated my trade side by side for the 1st 3 months in 2007. Used Vinod's excel sheet for the year 2007, applied my support and resistance and then day by day moved ahead with as much caution as possible.
I am attaching the excel sheet for your comment / advice.

Regards
Nitin

sillu_m · #**410** 23rd March 2008, 08:43 PM

Thanx uashish for ur reply.......will go through the whole thread. Can we trade nifity intraday. I mean if i bought nifty future then one can close his position on the same day?