The Best Trading System

Follow whatever Parameters Tuna has given,
Its his methods, so go with his specs :thumb:


Happy

Happy Bro,
Thanks for your support on this thread so far. Wanted to check one thing. Can you code Fractal Chaos Bands (Close Price > up fractal_60mins or downfractal_60mins) on Multi time frame. I am trying a variation of my ST strategy (Which we already discussed) and the purpose is to generate little higher trade frequency to catch intermediate Ups and Down in a up and down trend.

I already backtested with 3R and it looks ok to go for a longer period (I can do 700 odd ticks with 60 mins max).

Please let me know, I will share the Algo.

Hello Tuna

Have not used these "Fractal Chaos Bands" not sure if the indicator/code is available for AB.

But can try doing back studies, if it is higher time frame, I prefer doing manual tests
Will have to use code if it is 1000s of trades, but with 20/50 can always do it visually.

Thanks


Happy

Trading Psyops # ...​

One thing, that will help a struggling trader in a great way, is to understand the importance of repeatability. It is important and needs a bit of explanation.

By my own trading experience and as well of others, what we found out, the very common mistake people do in trading hours, is to try something which is not repeatable as per their trading plan. Examples:

• Oversizing position beyond limit just because they are too confident on a particular trade. Using overwhelming max leverage to which they are not used to
  
• Removing SL (with mindset " they are just shaking weak hands, market will come back to my direction soon")
  
• Trying to recover day's loss by any hook or crooks and deviating from trading plan

I can tell you, if you tried something which is not part of your plan and you earned money, that same trick will take away more from you next time - cause that is not a trading strategy that you tested, practices and owned.

It happened to me many times and even happens today. Only thing is probably the frequency was more than two dozens every month of such non-repeatable and loss-making activity, which is now barely 3-4 every month now. I want to make it 0.

Once you cut down your unplanned trading (be it with entry or size or SL) and able to sit calmly till your setup is triggered - is the sign that you are improving.

However, by no way I am suggesting to avoid experiment with new plans or strategy - always do that, that is part of our evolution as traders. But do that with a test size till the setup is validated and you put in enough practice to own it.

Hi Tuna Nice thread. I have been trading for more than 20years now and have made my own programme. I just have adhered to 1 system and not 3 and it has given me rewards beyond my wildest imaginations. Most traders only concenterate on price going by the adage "Price has everything Factored" but to get complete picture, i beleive volumes are as important if not more. In the short term you can jack up the prices but without the volumes it would be just a matter of time before it falls like a pack of cards. So when designing any complete system, one needs to tackle both price and volumes. So if one was to use indicators RSI,CCI,MACD ... then they all are same as all of them are derived from price and are lagging. If one was to have a complete picture then one would be better placed if he were to use OBV effectively as not only is it a leading indicator but is independent of price as it is derived from volumes. Secondly i would like to emphasise the importance and relevance of ADDS AKA pyramidding.By pyramidding you not only cut down your risks but also compound your profits. Moreover you can ride the trend to the fullest this way.

Like you i am self taught as far as the markets are concerned and the internet has been my teacher.

Yeap, agree on the volume factor - it matters. Would you mind to explain a bit of your strategy (no need to explain the system, just the concept behind it is enough). It might help many. And on OBV, I do use it for positive or negative divergences
How are you using it ?

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A picture can speak a thousand words. But unfortunately i am not very tech savvy and i do not know how to post a chart. I have a couple of threads in MUDRAA under my own name where i have posted some charts. I have learnt how to post them there and it is very easy.

By using my system i was able to pocket more than 2000 points in Bank Nifty in the recent uptrend from 18100 levels with close to zero risk after the 1st day by pyramidding. (In the last week)

Sure, will check. On posting charts, you can save those to as image first, upload on tinypic.com and copy the second link from the links it provides to different posting options.


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