Augubhai's ORB System
- Thread starter augubhai
- Start date
Today's trade:
V1:
Short @ 4866.7, Exit EOD @ 4866.65
1 trade, 0.05 points, -0.00% gain
Cumulative: 6 trades, -0.71% loss
V2:
Short @ 4866.7, Exit at SL @ 4895.95
1 trade, -29.25 points, -0.60% loss
Cumulative: 6 trades, -0.18% loss
V3:
Short @ 4866.7, Exit at SL @ 4887.4
1 trade, -20.7 points, -0.43% loss
Cumulative: 6 trades, 0.11% gain
V4:
Short @ 4866.7, SAR to long 4887.4, @ SAR to short @ 4863.75, Exit at SL @ 4858.6
3 trades, -39.2 points, -0.81% loss
Cumulative: 12 trades, 0.74% gain
The % profit/loss is calculated on the initial entry. Costs, slippages and brokerages need to be deducted. For NF, slippages are usually less than 1 point per trade.
V1:
Short @ 4866.7, Exit EOD @ 4866.65
1 trade, 0.05 points, -0.00% gain
Cumulative: 6 trades, -0.71% loss
V2:
Short @ 4866.7, Exit at SL @ 4895.95
1 trade, -29.25 points, -0.60% loss
Cumulative: 6 trades, -0.18% loss
V3:
Short @ 4866.7, Exit at SL @ 4887.4
1 trade, -20.7 points, -0.43% loss
Cumulative: 6 trades, 0.11% gain
V4:
Short @ 4866.7, SAR to long 4887.4, @ SAR to short @ 4863.75, Exit at SL @ 4858.6
3 trades, -39.2 points, -0.81% loss
Cumulative: 12 trades, 0.74% gain
The % profit/loss is calculated on the initial entry. Costs, slippages and brokerages need to be deducted. For NF, slippages are usually less than 1 point per trade.
Guys,
Plesae find attached trade list (from backtested data) as requested by few members. Do let me know if I can help in any other way other than sharing AFL.
I also would love to learn/discuss ideas to improve this system and make it more profitable.
For starters (and those who are seeking AFL), I'm posting system in simple words. This system is quite simple and one can trade without being in front of computer/terminal.
1. Wait for first 30 mins. Find H/L of nifty future in first 30 mins (say at 9:45)
2. Determine opening range (i.e. different between high & low)
3. Do not trade if opening range is too narrow or big (i.e. less than 10 points or higher than 50 points) -- Alternatively you can have tight SL
4. Buy at H+1 or Short at L-1 (if this does not happen in first 3.5 hours, do not take the trade)
5. keep stoploss suitable to your risk profile. Current setting is (not optimized) 9 points above or below the other side of range.
6. If range is too narrow or too big than use static SL of 48 points (again you can have your own settings depending upon your risk profile)
7. Once system is in profit, you may choose to keep your trailing stop. Current setting is 45 points (again not optimized)
8. close position by EOD i.e. 3:30 (if open -- i.e. not close due to SL or traling SL)
Possible improvements(please suggest)...
1. By adding certain indicators, market profile ... we may decide whether to take trade or not
2. We can implement S/R method for certain days
3. For stops, we can use pivot points
Looknig forward to meaningful discussion.
Regards,
View attachment 16996
Plesae find attached trade list (from backtested data) as requested by few members. Do let me know if I can help in any other way other than sharing AFL.
I also would love to learn/discuss ideas to improve this system and make it more profitable.
For starters (and those who are seeking AFL), I'm posting system in simple words. This system is quite simple and one can trade without being in front of computer/terminal.
1. Wait for first 30 mins. Find H/L of nifty future in first 30 mins (say at 9:45)
2. Determine opening range (i.e. different between high & low)
3. Do not trade if opening range is too narrow or big (i.e. less than 10 points or higher than 50 points) -- Alternatively you can have tight SL
4. Buy at H+1 or Short at L-1 (if this does not happen in first 3.5 hours, do not take the trade)
5. keep stoploss suitable to your risk profile. Current setting is (not optimized) 9 points above or below the other side of range.
6. If range is too narrow or too big than use static SL of 48 points (again you can have your own settings depending upon your risk profile)
7. Once system is in profit, you may choose to keep your trailing stop. Current setting is 45 points (again not optimized)
8. close position by EOD i.e. 3:30 (if open -- i.e. not close due to SL or traling SL)
Possible improvements(please suggest)...
1. By adding certain indicators, market profile ... we may decide whether to take trade or not
2. We can implement S/R method for certain days
3. For stops, we can use pivot points
Looknig forward to meaningful discussion.
Regards,
View attachment 16996
Last edited:
Today's trade:
V1:
Short @ 4834.2, Exit EOD @ 4840.4
1 trade, -6.20 points, -0.13% loss
Cumulative: 7 trades, -0.84% loss
V2:
Short @ 4834.2, Exit at SL @ 4863.25
1 trade, -29.05 points, -0.60% loss
Cumulative: 7 trades, -0.78% loss
V3:
Short @ 4834.2, Exit at SL @ 4795.1
1 trade, +39.1 points, +0.81% gain
Cumulative: 7 trades, +0.92% gain
V4:
Short @ 4834.2, SAR to long 4795.1, @ SAR to short @ 4813.15, Exit at SL @ 4842.05
3 trades, +28.25 points, +0.58% gain
Cumulative: 15 trades, +1.32% gain
The % profit/loss is calculated on the initial entry. Costs, slippages and brokerages need to be deducted. For NF, slippages are usually less than 1 point per trade.
V1:
Short @ 4834.2, Exit EOD @ 4840.4
1 trade, -6.20 points, -0.13% loss
Cumulative: 7 trades, -0.84% loss
V2:
Short @ 4834.2, Exit at SL @ 4863.25
1 trade, -29.05 points, -0.60% loss
Cumulative: 7 trades, -0.78% loss
V3:
Short @ 4834.2, Exit at SL @ 4795.1
1 trade, +39.1 points, +0.81% gain
Cumulative: 7 trades, +0.92% gain
V4:
Short @ 4834.2, SAR to long 4795.1, @ SAR to short @ 4813.15, Exit at SL @ 4842.05
3 trades, +28.25 points, +0.58% gain
Cumulative: 15 trades, +1.32% gain
The % profit/loss is calculated on the initial entry. Costs, slippages and brokerages need to be deducted. For NF, slippages are usually less than 1 point per trade.
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