Holy Grail of Intraday Nifty Future trading to consistantly earn 2000-20000 per day

beginner_av · #41 28th March 2008, 10:50 AM

Thks Renu. confusion cleared. no probs!

uasish · #42 28th March 2008, 11:52 AM

'Period' is a major challenge area but we need atleast 1 reference point hence at least 1 reference bar that means period below 2 is difficult.
All other adjustment of variables would have been easier WITHOUT period.

Another way of Referencing can be Time dimension.All these optimization etc would have come down if we can tackle 'Period'.

Asish

kkseal · #43 28th March 2008, 12:45 PM

Quote:

Originally Posted by beginner_av

A trading system is actually a combination of a set of rules and market. Since the set of rules do not change, the equity curve dips only because the mkt conditions have changed. Both A and A above have been telling the same thing albeit differently.
Ashisda is telling that adequate understanding of mkt conditions will help in reflecting it better in the design, [may be by periodic optimization, or having a portfolio of strategies for diff mkt conditions like trending, range etc].
Amarnath is saying that the system remains the same. But during adverse conditions, just manage the drawdowns [how amarnath? by reducing position size or getting out of the mkt or applying the reverse of the system i.e. convert a long only to short only? may be you can add this] so that the downward slope of the equity curve is arrested in the best possible way.

An excellent post. Now i'll watch out for Amarnath's response. Add to that what Asishda has said & you have 3 experienced traders discussing on some very important aspects of systems & system design. This is the kind of stuff one gets to learn from - not the 'Thank you sir You're great sir (& finally 'what will be good for tomorrow sir'

)

Regards,
Kalyan.

amarnath · #44 28th March 2008, 01:14 PM

Quote:

Originally Posted by beginner_av

Why is this unnecessary? Or you think that any debate/discussion by so many experienced traders is unnecessary? Asish and Amarnath have added lot of value to this thread inspite of being very busy. Or we should just conform to whatever crap is doled out? Pls correct me if my understanding of your post is wrong.

True unless some one calls us fool we can't even feel presence of tit bits of intelligence in us

no matter how good a trader trades he still prefer to look at what other are doing

biyasc · #45 28th March 2008, 01:30 PM

Quote:

Originally Posted by amarnath

True unless some one calls us fool we can't even feel presence of tit bits of intelligence in us

no matter how good a trader trades he still prefer to look at what other are doing

thats why the no. of faliure traders are too much than winners.

.

amarnath · #46 28th March 2008, 02:32 PM

Quote:

Originally Posted by biyasc

thats why the no. of faliure traders are too much than winners.

.

no i feel i win from others losses not from own skills alone, so learn trading losses from other easy at very low tution fee or almost free

keep looking other and try to find mistake's in all possible aspects and keep improving your edge but dont over cook broth to degree to spoil your own ultimately :d

biyasc · #47 28th March 2008, 03:15 PM

Quote:

Originally Posted by amarnath

no i feel i win from others losses not from own skills alone, so learn trading losses from other easy at very low tution fee or almost free

keep looking other and try to find mistake's in all possible aspects and keep improving your edge but dont over cook broth to degree to spoil your own ultimately :d

thats why you are not in the majority.

amarnath · #48 28th March 2008, 03:26 PM

Quote:

Originally Posted by biyasc

thats why you are not in the majority.

Yes i like minority in this case as majority is looser

beginner_av · #49 28th March 2008, 03:57 PM

Quote:

Originally Posted by biyasc

thats why the no. of faliure traders are too much than winners.

.

You talk a lot of terms to describe other traders like successfull, struggling traders, losers, depressed by markets. and you have all the reasons for their success and failures at your fingertips. which category do you fall into?

beginner_av · #50 28th March 2008, 04:05 PM

Quote:

Originally Posted by amarnath

To stay away or to reduce position size, we have to know that adverse condition is ahead or atleast it is there wrt to our system's logic or set of rules aka which need some sense of predictivity? though some ppls employ secondary filter's in most common cases they are just ineffective and don't server's purpose it was included

in many cases this is due to multicollinearity problem and lack of understand indicator basics, eg you can't with with MACD experiment when MA was failed already

Applying contratrading to trending system looks easy but were and how you switch quite not so simple isn't

But thing is it can be yet done

By your own admission it is difficult to predict whether you are already in adverse state (and by same logic where it will end). So you have a system that always stays in the mkt? If yes, then your equity curve will take big hits at certain points, isn't it?
There are many methods that can warn you of adverse conditions if not ahead, but definitely as it is happening, not having the lag of a MA or MACD. But that entirely depends on your system.