Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
Please find below the link for the OTP tool
http://www.4shared.com/zip/7Aj6YCgw/RAJ_OTP_for_NSE_Index_and_Stoc.html.
Please go through the Readme sheet for the help. Otherwise the tool is Self explanatory. In this version I have included only Strong Bear and Strong Bull calls and NOT Bear and Bull calls. Pasting the Readme content here
1. This tool is based on the Open, Low and High prices of the stock. Run this tool around 9:30-9:35 in the morning. Ie Minimum 15 minutes after the market opening. Less Risk Traders can run it around 09:55 AM, ie after 40 minutes But take your positions not beyond 10:00 AM since this is a OTP tool
2. If Open=Low, it is "STRONG BULL".
3. If Open=High, it is "STRONG BEAR".
4. Otherwise the stock is to be "AVOID"ed
5. This is a OTP (One Trade Perday) tool. So the call should be generated between 9:30 AM and 10:00 AM, Immediately after the trade, a Stoploss Trade need to be entered.
6. If the Signal in the morning was ""STRONG BULL"" or ""STRONG BEAR"" the call can be closed between 3:15 pm and 3:25 pm" or based on targets
7. Do Paper trading using the tool, before actually using the tool
8. You can run this tool at any part of the Trading Window and take positions, but it is better to take positions in the morning.
9. The Current Trend is calculated using the Distance between Low, High and the Current Price
10. On a day with Big events like RBI Policy, better to avoid this tool or take positions after the event has occurred.
11. The tool works best on a Trending day. So take positions along the NIFTY trend and not against the Trend.
The following are the inputs to the Tool
STRONG % - Normally Open = High is Sell and Open=Low is Buy. But sometimes there might a small deviation between Open=Low, So you can use this parameter to decide the Deviation. It should not be more than the Risk %. Not advisable to use more than 10%.
Risk % - The Risk in the Risk Reward ratio. Let us say for a Banknifty is trading around 10000. So anyday it might give say 100 points trading range. So when we say 30% risk, we are taking 30% from the 1%. So for the BANKNIFTY the risk might be 30 points. So the stoploss would be set to 10000-30 = 9970
STGT1% - Target 1 %. For the above example if the value is 60% then the First target might be 10060
STGT2% - Target 2 %. For the above example if the value is 120% then the Second target might be 10120
Help on Buttons
Update All REcommendations - Click on this button only once in a day, whenevr you want to take poistions ie between 9:30 AM and 10:00 AM
Recommend Selected - To get the recommendation for a particular stock
Stop Update - To stop the updates...
Track All Open positions - Once you got the Recommendations in the morning, click this button to see the status of ALL your positions
Track Selected - To get the status of a particular stock positions
Track Recommended & HOLD Stocks only - I also use the tool to get the Trend of other stocks to get a overall view of the market. If you don't select this option all the stocks OHLC and Trend would be updated. If you select this option only the Recommended Open Positions would be updated.
Please note that I have given the options to track 100 stocks and I have filled the tool with stocks - First 50 is NIFTY Stocks and the other stocks are the NSE Stocks where the Lot size is less than or equal to 1000. Better to avoid stocks where lot size is more than 1000. Use your own logic to select the stocks.
As usual there is no magic in Trading. Use it at your own risk and Enjoy trading. Feel free to post your comments in this thread for any problems or suggestions so that everybody in TJ will benefit.
Please find below the link for the OTP tool
http://www.4shared.com/zip/7Aj6YCgw/RAJ_OTP_for_NSE_Index_and_Stoc.html.
Please go through the Readme sheet for the help. Otherwise the tool is Self explanatory. In this version I have included only Strong Bear and Strong Bull calls and NOT Bear and Bull calls. Pasting the Readme content here
1. This tool is based on the Open, Low and High prices of the stock. Run this tool around 9:30-9:35 in the morning. Ie Minimum 15 minutes after the market opening. Less Risk Traders can run it around 09:55 AM, ie after 40 minutes But take your positions not beyond 10:00 AM since this is a OTP tool
2. If Open=Low, it is "STRONG BULL".
3. If Open=High, it is "STRONG BEAR".
4. Otherwise the stock is to be "AVOID"ed
5. This is a OTP (One Trade Perday) tool. So the call should be generated between 9:30 AM and 10:00 AM, Immediately after the trade, a Stoploss Trade need to be entered.
6. If the Signal in the morning was ""STRONG BULL"" or ""STRONG BEAR"" the call can be closed between 3:15 pm and 3:25 pm" or based on targets
7. Do Paper trading using the tool, before actually using the tool
8. You can run this tool at any part of the Trading Window and take positions, but it is better to take positions in the morning.
9. The Current Trend is calculated using the Distance between Low, High and the Current Price
10. On a day with Big events like RBI Policy, better to avoid this tool or take positions after the event has occurred.
11. The tool works best on a Trending day. So take positions along the NIFTY trend and not against the Trend.
The following are the inputs to the Tool
STRONG % - Normally Open = High is Sell and Open=Low is Buy. But sometimes there might a small deviation between Open=Low, So you can use this parameter to decide the Deviation. It should not be more than the Risk %. Not advisable to use more than 10%.
Risk % - The Risk in the Risk Reward ratio. Let us say for a Banknifty is trading around 10000. So anyday it might give say 100 points trading range. So when we say 30% risk, we are taking 30% from the 1%. So for the BANKNIFTY the risk might be 30 points. So the stoploss would be set to 10000-30 = 9970
STGT1% - Target 1 %. For the above example if the value is 60% then the First target might be 10060
STGT2% - Target 2 %. For the above example if the value is 120% then the Second target might be 10120
Help on Buttons
Update All REcommendations - Click on this button only once in a day, whenevr you want to take poistions ie between 9:30 AM and 10:00 AM
Recommend Selected - To get the recommendation for a particular stock
Stop Update - To stop the updates...
Track All Open positions - Once you got the Recommendations in the morning, click this button to see the status of ALL your positions
Track Selected - To get the status of a particular stock positions
Track Recommended & HOLD Stocks only - I also use the tool to get the Trend of other stocks to get a overall view of the market. If you don't select this option all the stocks OHLC and Trend would be updated. If you select this option only the Recommended Open Positions would be updated.
Please note that I have given the options to track 100 stocks and I have filled the tool with stocks - First 50 is NIFTY Stocks and the other stocks are the NSE Stocks where the Lot size is less than or equal to 1000. Better to avoid stocks where lot size is more than 1000. Use your own logic to select the stocks.
As usual there is no magic in Trading. Use it at your own risk and Enjoy trading. Feel free to post your comments in this thread for any problems or suggestions so that everybody in TJ will benefit.
