Hello all!!! I am Gautam, based in Jaipur. Had become less active here due to personal reasons?
I wish to acknowledge here that I learnt the abc of TA here on this forum. It was here that I got the Kolkata Meet Indicator and with it a lot of guidance from senior memeber which enabled me to really earn intraday in Nifty.
In past few months the same system was not working efficiently and gave continuous whiplashing.
Now I and my broker friend have devised a strategy which on historical data analysis gave the following result :
It was analysed on Mini Nifty chart.
April : 17 sessions, 55 trades ~1200 points
May: 19 sessions , 65 trades ~ 1400 points
June : 22 sessions , 72 trades ~ 1700 points
July : 23 sessions, 72 trades ~ 2200 points
Aug: Till 21 Aug : 15 sessions ~ 37 trades : 1696 points.
These are all without brokerage, (my brokerage shall be Nil as it will be on sharing basis with my friendBroker, STT and other charges are leviable) And as I remember the senior member gave a lot of emphasis on 'slippage', that too has not been taken into account.)
You all might be wondering with 8200 points in 96 sessions and 300 trades why do I need to ask anybody, how the results look.
Friends, my problem is that I have started actual trading the strategy from 24th August and my results are : 3 sessions 10 trades and Profits ~ (-) 59 points!!!! In 10 trades there was slippage of ~ 17 points, I still have lost 42 points!!!
I need your guidance about what do I need to do by way of analysis etc. I can assure you I have traded as per written down rules. (Our system does have a small element of 'discretion', though these three days the discretion went only in our favour still we have Net loosing sessions.
Awaiting your valuable input. I had written directly to the senior member who seems to be absent here now a days , but I was shocked to get his reply that I first needed to divulge my 'strategy' and then only he could comment on it. He was probably asking for his 'pound of flesh' in return for the guidance he gave me for Kolkata Meet Indicator!! It is not at all accceptable.
:annoyed: It was also not expected of this esteemed member here.
All i ask for is some input as to what to do to further analyse the strategy and remove its drawbacks. As was 'taught' to me, i actually analysed the strategy the hard way , very meticulously "bar by bar" not using any automated analyser. What would you all suugest that I do??? I vaguely remember reading here about 'forward testing' a strategy!! Can anyone please explain the same!!!
I wish to acknowledge here that I learnt the abc of TA here on this forum. It was here that I got the Kolkata Meet Indicator and with it a lot of guidance from senior memeber which enabled me to really earn intraday in Nifty.
In past few months the same system was not working efficiently and gave continuous whiplashing.
Now I and my broker friend have devised a strategy which on historical data analysis gave the following result :
It was analysed on Mini Nifty chart.
April : 17 sessions, 55 trades ~1200 points
May: 19 sessions , 65 trades ~ 1400 points
June : 22 sessions , 72 trades ~ 1700 points
July : 23 sessions, 72 trades ~ 2200 points
Aug: Till 21 Aug : 15 sessions ~ 37 trades : 1696 points.
These are all without brokerage, (my brokerage shall be Nil as it will be on sharing basis with my friendBroker, STT and other charges are leviable) And as I remember the senior member gave a lot of emphasis on 'slippage', that too has not been taken into account.)
You all might be wondering with 8200 points in 96 sessions and 300 trades why do I need to ask anybody, how the results look.
Friends, my problem is that I have started actual trading the strategy from 24th August and my results are : 3 sessions 10 trades and Profits ~ (-) 59 points!!!! In 10 trades there was slippage of ~ 17 points, I still have lost 42 points!!!
I need your guidance about what do I need to do by way of analysis etc. I can assure you I have traded as per written down rules. (Our system does have a small element of 'discretion', though these three days the discretion went only in our favour still we have Net loosing sessions.
Awaiting your valuable input. I had written directly to the senior member who seems to be absent here now a days , but I was shocked to get his reply that I first needed to divulge my 'strategy' and then only he could comment on it. He was probably asking for his 'pound of flesh' in return for the guidance he gave me for Kolkata Meet Indicator!! It is not at all accceptable.
:annoyed: It was also not expected of this esteemed member here.
All i ask for is some input as to what to do to further analyse the strategy and remove its drawbacks. As was 'taught' to me, i actually analysed the strategy the hard way , very meticulously "bar by bar" not using any automated analyser. What would you all suugest that I do??? I vaguely remember reading here about 'forward testing' a strategy!! Can anyone please explain the same!!!