Oh so Boring . . . BNF Swing Trading

BNFTrader · Apr 29, 2015

Hello

Intraday trading is interesting, fun & exciting where as Swing trading is almost always boring

So lets see if this boring will also be profitable :thumb:

I will be trading BNF Swing, no fixed system with arrows, but using an intuitive with the trend approach.

The Hourly charts on BNF give just 6 1/2 bars per day where as the 15 Minutes is too fast for a swing system,
so as per my comfort level will go with the 30 minutes chart.

Watching the April expiry charts I would be long today but did not carry the long position as tomorrow is expiry.

As of now my inclination is to look for creating a long position on May expiry.

Thanks

BNFTrader · Apr 29, 2015

Hi

To book profit or not to book or how much profit is on a trade is good profit, ran some studies on it sharing one of them.

Code:

No. ProfitStop winners losers % Winners # Trades  Exposure  Avg Profit	Net Profit
1	25	30	1	96.77	31	4.11	1007.42		31230
2	50	29	2	93.55	31	6.24	1849.19		57325
3	75	27	4	87.1	31	9.36	1964.84		60910
5	125	25	6	80.65	31	11.14	3797.10		117710
4	100	25	6	80.65	31	11.59	-130.73		-4052.5
6	150	24	7	77.42	31	13.11	5289.35		163970
7	175	24	7	77.42	31	13.75	6985.48		216550
8	200	23	8	74.19	31	16.05	7578.06		234920
9	225	22	9	70.97	31	19.33	7950.48		246465
11	275	19	12	61.29	31	23.47	6021.77		186675
10	250	19	12	61.29	31	23.55	4771.77		147925
12	300	18	13	58.06	31	24.41	6329.84		196225
13	325	18	13	58.06	31	23.71	7588.39		235240
14	350	18	13	58.06	31	24.35	8765.65		271735
15	375	18	13	58.06	31	26.19	9040.16		280245
16	400	18	13	58.06	31	25.8	10893.55	337700
17	425	18	13	58.06	31	25.31	12896.13	399780
18	450	18	13	58.06	31	24.83	13863.87	429780
19	475	18	13	58.06	31	28.74	12797.26	396715
20	500	18	13	58.06	31	28.1	13805.65	427975
21	525	18	13	58.06	31	28.64	14612.10	452975
22	550	18	13	58.06	31	28.4	15536.77	481640
23	575	18	13	58.06	31	27.97	16504.52	511640
24	600	18	13	58.06	31	28.78	17489.68	542180
25	625	18	13	58.06	31	30.28	18716.13	580200
26	650	18	13	58.06	31	32.27	18718.87	580285
27	675	18	13	58.06	31	32.58	18624.19	577350
28	700	18	13	58.06	31	33.11	19428.87	602295
29	725	18	13	58.06	31	34.92	18909.52	586195
30	750	18	13	58.06	31	36.96	18528.06	574370
31	775	18	13	58.06	31	40.25	18377.26	569695
32	800	18	13	58.06	31	40.25	19022.42	589695
33	825	18	13	58.06	31	40.4	19667.58	609695
34	850	18	13	58.06	31	40.73	18691.77	579445
35	875	18	13	58.06	31	40.7	19397.26	601315
36	900	18	13	58.06	31	40.43	19961.77	618815
37	925	18	13	58.06	31	42.34	20821.13	645455
38	950	18	13	58.06	31	44.6	18817.26	583335
39	975	18	13	58.06	31	44.61	19220.48	595835
40	1000	18	13	58.06	31	44.92	19623.71	608335
41	1025	18	13	58.06	31	44.77	20075.32	622335
42	1050	18	13	58.06	31	44.45	20559.19	637335
43	1075	18	13	58.06	31	44.14	21043.06	652335
44	1100	18	13	58.06	31	43.8	21974.35	681205
45	1125	18	13	58.06	31	43.66	22377.58	693705
46	1150	18	13	58.06	31	44.16	21296.94	660205
47	1175	18	13	58.06	31	43.92	21619.52	670205
48	1200	18	13	58.06	31	43.67	21942.10	680205
49	1225	18	13	58.06	31	43.44	22264.68	690205
50	1250	18	13	58.06	31	43.42	21108.06	654350
51	1275	18	13	58.06	31	43.82	21430.65	664350
52	1300	18	13	58.06	31	43.94	21753.23	674350
53	1325	18	13	58.06	31	43.65	22075.81	684350
54	1350	18	13	58.06	31	43.64	22398.39	694350
55	1375	18	13	58.06	31	43.92	22720.97	704350
56	1400	18	13	58.06	31	43.88	24329.03	754200
57	1425	18	13	58.06	31	43.72	24570.97	761700
58	1450	18	13	58.06	31	43.64	24812.90	769200
59	1475	18	13	58.06	31	43.44	25054.84	776700
60	1500	18	13	58.06	31	43.18	25296.77	784200

Please do not ask for the code its just using widely available super trend AFL and for optimization of Profit Stop added this one line

PHP:

ApplyStop(1,2,Optimize("Profit_Stop",125,25,1500,25));

With optimization on the old data we always get amazing results due to curve fitting, but here not discussing that.

We can see from the above that with small profit stops the same systems gives awesome Win/Loss Ratios but with great win/loss the profitability goes to dogs, with optimum RR the win/loss usually dips below 50/45%

Also any level of profit booking always reduces the overall profit in the system.

Theory is one thing, in practice we will be booking gains but with this understanding that letting it run is always the best strategy.

Thanks

jagankris · Apr 29, 2015

BNFTrader said:

Hello

Intraday trading is interesting, fun & exciting where as Swing trading is almost always boring

So lets see if this boring will also be profitable :thumb:

I will be trading BNF Swing, no fixed system with arrows, but using an intuitive with the trend approach.

The Hourly charts on BNF give just 6 1/2 bars per day where as the 15 Minutes is too fast for a swing system,
so as per my comfort level will go with the 30 minutes chart.

Watching the April expiry charts I would be long today but did not carry the long position as tomorrow is expiry.

As of now my inclination is to look for creating a long position on May expiry.

Thanks

Wish you all the best.:thumb:
Happy Trading.

Smart_trade · Apr 29, 2015

BNFTrader said:

Hello

Intraday trading is interesting, fun & exciting where as Swing trading is almost always boring

So lets see if this boring will also be profitable :thumb:

I will be trading BNF Swing, no fixed system with arrows, but using an intuitive with the trend approach.

The Hourly charts on BNF give just 6 1/2 bars per day where as the 15 Minutes is too fast for a swing system,
so as per my comfort level will go with the 30 minutes chart.

Watching the April expiry charts I would be long today but did not carry the long position as tomorrow is expiry.

As of now my inclination is to look for creating a long position on May expiry.

Thanks

Good going...looking forward to the trades....Best Wishes.

ST

Serious_Trader · Apr 29, 2015

BNFTrader said:

Hello

Intraday trading is interesting, fun & exciting where as Swing trading is almost always boring

So lets see if this boring will also be profitable :thumb:

I will be trading BNF Swing, no fixed system with arrows, but using an intuitive with the trend approach.

The Hourly charts on BNF give just 6 1/2 bars per day where as the 15 Minutes is too fast for a swing system,
so as per my comfort level will go with the 30 minutes chart.

Watching the April expiry charts I would be long today but did not carry the long position as tomorrow is expiry.

As of now my inclination is to look for creating a long position on May expiry.

Thanks

I ma Ex BNF Trader............break up with SBIN..........now new GF Axis .....Bank

....subscribed your thread......wishing you all the best......:thumb:

BNFTrader · Apr 30, 2015

BNF Stopped out

The test failed and also shooting down the case for Long Position . . .

so back to waiting for some more clarity in direction . . .

Thanks

TraderRavi · May 2, 2015

best wishes for swing trading BNF :thumb:
BTW , 18500 x 25 = 462500
so how much capital needed for 1 lot BNF swing, 1.5 lakhs ?

BNFTrader · May 2, 2015

TraderRavi said:

As rule of thumb, I would say

For Nifty 2X of margin required

For BNF 2.5 times of margin required

When we are "swing trading" it will never be a static on/off system, like using only SAR and only trading the the two signals (Long/Short), there will be scale-in/scale-outs. Building the position when the situation is favorable is what makes swing trading profitable. So while considering risk capital requirements one needs to also take into account this aspect.

But ultimately for deciding capital requirements, everyone have their own comfort level, and I strongly believe one should actually go with their own feel of things.

Thanks

timepass · May 2, 2015

TraderRavi said:

About 47000. 10.14%; You can check it out on tradesmartonline link. Click on the last option (FNO_CDS etc.)

https://www.dropbox.com/sh/wtlqfaphbuvjfm7/AABbDx1o3JOIk2zG6Iz5P82Za/EXPOSURES & MARGINS?dl=0

TraderRavi · May 2, 2015

timepass said:

TP bhai , I was asking from MM point of view , not margin.
in zerodha margin is 37k per lot.

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Oh so Boring . . . BNF Swing Trading

BNFTrader

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BNFTrader

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jagankris

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Smart_trade

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Serious_Trader

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BNFTrader

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TraderRavi

low risk profile

BNFTrader

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timepass

Moderator

TraderRavi

low risk profile

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