experiment with "best super trend" which shared by "yasu222" in "MY VISUAL AFL COLLECTION" thread. already tested with bar replay it gave good results. so tried it in live.
rules:-
1. take far options with less value.
2. exit when indicator reverses. and took new trade when i feel it seems good point.
3. if i take 2 lots, then exit 1 lot at comfortable price. and rest 1 lot exit with tsl.
4. try to carry forward next day. and don't hold (compulsary exit) on friday closing.
in this you loose less and gain more than loss if i hold with indicator.
nifty 7 lots. loss-- -80.00.
reliance 4 lots. loss-- -187.50.
total loss-- -267.50. brokerage extra.
11 lots traded on capital of 6080.00.
today i traded in options in nifty & reliance. tried to trade when indicator gives signal. exit when it reverses.
first got profit in nifty and made loss in ril. then nifty also erases all profit. finally loss build up to Rs.580 in all trades. final trades in nifty and ril erases big loss and turned to little loss.
i want to hold both for tomorrow. but it seems nifty has support at 8350 (27 march low). and first day big loss turned to small. so i think it is good i exit with little loss today, and will try tomorrow.
nifty
reliance