Scanning Strategies..

sandprs · #1 21st May 2008, 05:52 PM

Hi Guys

How do one scanes the potential good scripts froms tonns out there, in the first place?
Any favorate indiacator ...any methods or stategies..
lets discuss..

thanx'
Sandy

AW10 · #2 22nd May 2008, 06:50 AM

There is no one single answer to it. Otherwise, there would have been more winners in the market then loosers. Success rate of trade is below 10%.
Most frequently used indicators are Moving average and their crossovers, RSI, Stochastics and candlestick pattern. Couple them with Price and Volume as confirmation tool.

These indicators work equally well on 1 min chart to 1 month charts. You have to find the one that suits your personality. Simulate them on historical data and see the result of past trade signal generated by them on parameters like - # of winning trades, # of losing trades, average win in Rs, average loss in Rs.. As long as
(#of win trade * average win in Rs. > # of losing trade * average loss in Rs.) is positive number, you have a winning system in your hand.

Nobody says trading is easy. Hope you find the system that suits your goals.
Happy trading.

Abhishek.Prasad · #3 22nd May 2008, 08:23 AM

Quote:

Originally Posted by sandprs

Hi Guys

How do one scanes the potential good scripts froms tonns out there, in the first place?
Any favorate indiacator ...any methods or stategies..
lets discuss..

thanx'
Sandy

SHARE TRADING IS A DECISION TAKING ACTIVITY, IT DOES NOT HAVE TO DO ANYTHING WITH A HARD AND FAST RULE. SHARE MARKET HAS NO RULE.IT IS A WHOLE NEW BALL GAME THAT TOTALLY DEPENDS UPON YOUR TRADING EXPERIENCES.
SHARE TRADING (ESPECIALLY TRADING/INVESTING MONEY FOR LESS THAN A YEAR) SHOULD NOT BE DONE BY THE BEGGINNERS BY ACTUALLY INVESTING THEIR MONEY IN THE MARKET, BUT RATHER DO THE PAPER TRADING (THAT IS MERELY ASSUMING THAT YOU HAVE BOUGHT THE SHARES OF YOUR CHOICE WRITING ON A NOTEBOOK, THEN CHECK OUT THE GROWTH FURTHER). IF THERE HAPPENS GROWTH OR FALL, IN EITHER CASE YOU GAIN EXPERINCE WITHOUT GETTING RISK ON YOUR MONEY. FOR BEGGINNERS LOSING MONEY IN TRADES WEAKENS THERE TRADING POTENTIALITY. SO, AFTER MONTHS OF PAPER TRADING, IF THEY THINK THAT THEY ARE GAINING PROFITS ON REGULAR BASIS, NOW THEY CAN TRADE USING THEIR VALUABLE EXPERIENCE AND MONEY.

myvineet · #4 22nd May 2008, 09:04 PM

Quote:

Originally Posted by Abhishek.Prasad

SHARE TRADING IS A DECISION TAKING ACTIVITY, IT DOES NOT HAVE TO DO ANYTHING WITH A HARD AND FAST RULE. SHARE MARKET HAS NO RULE.IT IS A WHOLE NEW BALL GAME THAT TOTALLY DEPENDS UPON YOUR TRADING EXPERIENCES.
SHARE TRADING (ESPECIALLY TRADING/INVESTING MONEY FOR LESS THAN A YEAR) SHOULD NOT BE DONE BY THE BEGGINNERS BY ACTUALLY INVESTING THEIR MONEY IN THE MARKET, BUT RATHER DO THE PAPER TRADING (THAT IS MERELY ASSUMING THAT YOU HAVE BOUGHT THE SHARES OF YOUR CHOICE WRITING ON A NOTEBOOK, THEN CHECK OUT THE GROWTH FURTHER). IF THERE HAPPENS GROWTH OR FALL, IN EITHER CASE YOU GAIN EXPERINCE WITHOUT GETTING RISK ON YOUR MONEY. FOR BEGGINNERS LOSING MONEY IN TRADES WEAKENS THERE TRADING POTENTIALITY. SO, AFTER MONTHS OF PAPER TRADING, IF THEY THINK THAT THEY ARE GAINING PROFITS ON REGULAR BASIS, NOW THEY CAN TRADE USING THEIR VALUABLE EXPERIENCE AND MONEY.

sir ..plz off the caps ....[caps are used for shouting in internet]

thanx...