I am intraday trader. I have developed one strategy using technical indicators like cci 8,20, 50 and accDst indicator. Whenever this strategy gives me a SIGNAL in amibroker on 15 Min candle, It does not give me a buy/sell signal. It tells me there is trade.
Example. - suppose signal comes for stock X at Rs. 250...then it either moves to 240 and returns back to 250 or it goes to 260 and returns back to 250. This happens in two days including the signal day. So in options trading, if your trade setup completes in two days, its more profitable right?. For stocks whose price range is above 900, the move is 40 points up/dn in two days.
Currently what I am doing is wait till stock goes in one direction and then buy ITM option in this direction. For example if it goes to 205 from 200 then I buy call option of 205 ,sells at 210 and then buys put option of 210.
is there any other idea to trade this type of setup...which will maximize profit and main thing... will remove emotions out of trade?
.
Example. - suppose signal comes for stock X at Rs. 250...then it either moves to 240 and returns back to 250 or it goes to 260 and returns back to 250. This happens in two days including the signal day. So in options trading, if your trade setup completes in two days, its more profitable right?. For stocks whose price range is above 900, the move is 40 points up/dn in two days.
Currently what I am doing is wait till stock goes in one direction and then buy ITM option in this direction. For example if it goes to 205 from 200 then I buy call option of 205 ,sells at 210 and then buys put option of 210.
is there any other idea to trade this type of setup...which will maximize profit and main thing... will remove emotions out of trade?
.