Booking Maximum Profits in Intraday Trading

[dead_xtinct]

Okay so here i am after working my ass off for 1 year ....i have a system for intraday trading ...Now coming to the imp. question ...what profit booking strategy do u guys suggest to maximise returns considering the following details..

Details:
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Accuracy ---87% average--worst 70%--best 100%
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Profit criteria --- any trade giving min. 0.5%
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Profit distribution per 100 correct trades---0.5%(20times)--0.5-0.9%(25times)--1-1.2%(40times)-->1.2%(15times)
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Stop loss for loosing trades ..not more than 0.5%
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Cost of trading... Brokerage - 0.03% Taxes-0.05%
Total 0.08 %
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Trading Capital ... 1lakh cash ...6 lacs(leverage)
Plan to put 1-2lacs/trade for first 2 months n then gradually increase to 4-8lacs/trade
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I have thought of some strategies ...ll b sharing them to get your opinion

 

[adityasaraf007]

Great.... I am a complete newcomer and was looking for developing some intraday strategy. However your post looks promising.... do ask for my help if required for backtesting purposes.

 

[jpdentdoc]

I think you need to have a reasonable target of your profit after one year.
In your case I suggest you can expect your one lakh to be 2 lakhs if you are disciplined by taking minimum profits in multiple trades,
All the best,,,,,,,,,,:thumb:

 

[columbus]

I think you need to have a reasonable target of your profit after one year.
In your case I suggest you can expect your one lakh to be 2 lakhs if you are disciplined by taking minimum profits in multiple trades,
All the best,,,,,,,,,,:thumb:

Even if your capital is 2 lakhs ,start with one or two lots of NF.

 

[vinodkiyer]

Trail stops with ATR trail stops with fine tuned parameters

 

[AlokTewari]

But where is the strategy ?