Nifty futures swing trading system

Sir,
You are always there to guide newcomers. This is not a newcomer but was just expecting you will have a look at this new thread.

Regards

Please provide more information. Is this system for a trending market or volatile market? What are your exits and stoplosses? What was the standard deviation you considered in this system?

Hi,
Have you friends tested in realtime the performance of Bollinger Band, standard parameters, 13 period Simple MA, Stochastics 14, 3, 3 and 10, 90 Levels? I have observed that the price candles mostly-over 75%- bounces from upper to lower bands of BB and Stochastics below or touching 10 for buy/long trade, above 90 or near for sell/short trade. Only thing that may dampen our spirits is the amount of brokerage when the volatality is less. Good Scalping or Pivot trading with whatever small profit can build up tardy profit even when day trading. My bias is for using BB as Pivot Guide for delivery trades. But the above has helped even in profit taking during the Day Trade.

Hi Bill, It would be interesting if the levels are posted asap the trade is taken by you and better still asap the levels are generated.
Maybe a few here will actually 'gain' out of it and will also generate confidence in your strategy (not that you require it).

i would call it a big disadvantage. though other necessary factors in this system is just excellent.:thumb:

Hi Biyas, Okay...but i sincerely feel that lesser number of trades is always better as that reduces overhead costs and slippage ( a big component at times). Would love to hear your side about why should it be disadvantageous.
How are you doing in your new venture?

well coming to my trades i have shorted nifty august at 5435 today and my stoploss for this trade is at 5475 and i would cover my shorts if it goes in my favour would be when i get a buy signal from my system

The higher your trading frequency, the smaller your chances of having a losing month.

If you have a trading strategy that has a winning percentage of 70 per cent, but only produces one trade per month, then one loser is enough to have a losing month. In this example, you could have several losing months in a row before you finally start making profits.

In the meantime, how do you pay your bills?

If your trading strategy produces five trades per week, then you have on average 20 trades per month. If you have a winning percentage of 70 per cent, then your chances of a winning month are extremely high.

And that's the goal of all traders: having as many winning months as possible!

yes sir, everything is fine, but trading is always my 1st preference.

v.good:thumb:.

btw, whats the exact execution time? i mean at what time you sold nf @5435? ..............................

He has shorted August contract so it must be few almost at the time he posted the trade , say between 9 and 9.10