Discussion on kolkata meet signal

SGM · #91 17th May 2008, 11:43 AM

Quote:

Originally Posted by gkpc

A simple 13/18 period moving average gives equally good results if not better

here v go again ........

....

hari09omkar · #92 17th May 2008, 12:48 PM

Quote:

Originally Posted by milkyblack

In my view NO ONE can develop a method/indicator which will not have to take losses... as each method and indicator has the most imp thing in it and tht is Stop Loss...

Friend,taking losses for one trade is one thing and going home with empty hand and a 5k loss(100 point) per lot,after a whole days of trading is another.The truth is ONE CAN develope a(or more) system/method,which can give him 100% winning days in day-trading.If there is 2 losing days in a month,then the system should be taken in suspicion.
How can a High-Low band give nebody a bread-butter in stock markets?

sudoku1 · #93 17th May 2008, 12:54 PM

Quote:

Originally Posted by hari09omkar

Friend,taking losses for one trade is one thing and going home with empty hand and a 5k loss(100 point) per lot,after a whole days of trading is another.The truth is ONE CAN develope a(or more) system/method,which can give him 100% winning days in day-trading.If there is 2 losing days in a month,then the system should be taken in suspicion.
How can a High-Low band give nebody a bread-butter in stock markets?

right hari ,
even the ancient japanese rice traders developed the candle stick charting methods...... going forward , this system was developed for other mkts as well.....but even after so much of hype , many traders have suffered losses even & burnt their houses torching these candles.......

hari09omkar · #94 17th May 2008, 01:06 PM

Quote:

Originally Posted by gkpc

VERY URGENT HELP NEEDED

Hello all,
I recently started using the indicator with some valuable guidance from rkkarnani about Sl, filter and targets but recently got some losses too.....
Seems i got complacent and took everything for granted abt profits.

But on checking the indicator from January 2007 there are on some days big loss also... (over 100 points in just 6 trades in a day) and net losses when adding ll trades in one monthly Future contract, NOW seeking advise from seniors to improve and reduce losses....The losses are less when some profit is booked early but i also see that i miss VERY BIG earning opportunity also.

The kol.Indicator doesnt seem to be working as smoothly as anticipated by me!!!

Seems SGM's backtest report was correct. I was in my heart just telling the backtest are "bakwaas" but on checking manually i think there is some substance to it.
Work is needed to be done. rkkarnani has suggested to use more indicators in conjunction to minimise whiplashes..... request input from others who might have worked on KolIndictor.
A simple 13/18 period moving average gives equally good results if not better, so request all to give there in put on this.
Regards
gkpc

Simply speaking,I don't use MS or Ami,so can't help in these backtests.
But,I can make u a guidance type of suggestion.
Look,when u approach an important thing in life where competition is involved,u should look at the basics of the sport.U will not be going to work out the winning method which will feed u,without working out the basics of working of it.Think deeper.What is the indicator consisting? It's a high-low band with some angle-calculation or what's it? If it works for a few trade,why should it work? If it doesn't work,why it doesn't?

That means u have to go in the market structure with open and scientific mind.
Just use ne indicator,two-three indicators in combination,do whatever u want:u will probably never going to find a solution for 100% winning days which is a prime necessity for a day trader.U can lose in two consecutive trades,but the next three trades should take u to ur goal for the day.
So my suggestion is going for the basics of system building and for naked eye chart reading.
JUST AVOID EVERY CANNED INDICATOR.

hari09omkar · #95 17th May 2008, 01:14 PM

Quote:

Originally Posted by sudoku1

right hari ,
even the ancient japanese rice traders developed the candle stick charting methods...... going forward , this system was developed for other mkts as well.....but even after so much of hype , many traders have suffered losses even & burnt their houses torching these candles.......

If everybody is believing that a shape of one bar (or candle) will solve the problem of financial markets then it's good that some houses are burnt.They deserve to be burnt.

hari09omkar · #96 17th May 2008, 01:19 PM

Quote:

Originally Posted by SGM

I don't know how another bunch of indicators will do any good, but I am sure RK will be able to guide you onto your next stage.

U r right Sanjay.Another bunch of indicators will end up in some three-four months and good 10 to 20 thousand rupees to know that they don't work too.

milkyblack · #97 20th May 2008, 08:31 AM

Quote:

Originally Posted by rkkarnani

I love this forum becoz of responces like this!!!!!
Great stuff milky!!! Shall go a long way to help gkpc..... good to have ppl like you here on the form!!!
Very rational responce....
GREAT!!!!!!
Regards
-rkkarnani

Dear karnani Sir,

I am really honoured to get a response like above from a senior member like you...

Thanks a lot Sir, for your warm remarks

Regards

milkyblack · #98 20th May 2008, 08:34 AM

Quote:

Originally Posted by rkkarnani

And may be get kicked on the butt!!!!)

[b][color="Red"]

And pray what is this !!!!!!!
lol.....

Hahaha
Kick on Butt

LOL

Regards

milkyblack · #99 20th May 2008, 08:38 AM

Quote:

Originally Posted by hari09omkar

Friend,taking losses for one trade is one thing and going home with empty hand and a 5k loss(100 point) per lot,after a whole days of trading is another.The truth is ONE CAN develope a(or more) system/method,which can give him 100% winning days in day-trading.If there is 2 losing days in a month,then the system should be taken in suspicion.
How can a High-Low band give nebody a bread-butter in stock markets?

Well friend

You are absolutely right! That to make a living out of the market 100 percent winning days are required... But is it possible? I do not know abt it...
But instead of 100pts loss... one can restrict his/her loss na? Like keeping say not more than "x" pts loss per day...wht ever happnes! Is this feasible?
I am just tossing my ideas...

which would turn better if corrected by senior members and experienced members

Regards

gkpc · #**100** 20th May 2008, 12:16 PM

Quote:

Originally Posted by hari09omkar

Simply speaking,I don't use MS or Ami,so can't help in these backtests.
But,I can make u a guidance type of suggestion.
Look,when u approach an important thing in life where competition is involved,u should look at the basics of the sport.U will not be going to work out the winning method which will feed u,without working out the basics of working of it.Think deeper.What is the indicator consisting? It's a high-low band with some angle-calculation or what's it? If it works for a few trade,why should it work? If it doesn't work,why it doesn't?

That means u have to go in the market structure with open and scientific mind.
Just use ne indicator,two-three indicators in combination,do whatever u want:u will probably never going to find a solution for 100% winning days which is a prime necessity for a day trader.U can lose in two consecutive trades,but the next three trades should take u to ur goal for the day.
So my suggestion is going for the basics of system building and for naked eye chart reading.
JUST AVOID EVERY CANNED INDICATOR.

Sir, Thanx for the guidance and suggestions.
Regards
-Gautam