my silver trading strategy & results

#3
my strategy is very simple for day trading.
10 a.m to 1 p.m just watching the market.
do not place orders in that time.
i think the market is little volatile at this time.
after 1 p.m i just follow the trend.
that means market goes +200 points i place a buy order for a target of 200 points with strict stop loss of 200 points.
same for -ve also.
example :

jan 15th at 1 p.m market is around 37200.
so i waited for 200 points movement at that point .
it goes 100 points down , after that it goes 200 points up.
so i placed a buy order at 37300 with double stop loss of 37100.
target is 37500.
buy 37300 sl 37100 tg 37500

after some time the target was hitted.
this is the simple strategy i used for day trading.

i used double stop loss because it hit stop loss it becomes a sell order at 37100 for target of 36900 with a stop loss of 37300.

only two trades per day maximum.
when the first order hit the target then cancel the 2nd order.
if 1st order hit stop loss then 2nd trade will continue.

some times 1st target hit. so 200 points profit.
some times 2nd target hit . so no profit / loss at that day.
very rarely it will hit those two stop losses.

please give me any advices or share your trading strategies.
it will helps others.

i will post my daily results with charts.

you will check daily charts at "http://hindi.mcxindia.com/SitePages/FuturesChart.aspx"

waiting for your valuable replies. thank you.
 

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#5
hi market oracle
i used this strategy last 3 months
and it is very profitable for me.

which strategy you used.
can you please share your experience with traders
 

burai123

Active Member
#6
my strategy is very simple for day trading.
10 a.m to 1 p.m just watching the market.
do not place orders in that time.
i think the market is little volatile at this time.
after 1 p.m i just follow the trend.
that means market goes +200 points i place a buy order for a target of 200 points with strict stop loss of 200 points.
same for -ve also.
example :

jan 15th at 1 p.m market is around 37200.
so i waited for 200 points movement at that point .
it goes 100 points down , after that it goes 200 points up.
so i placed a buy order at 37300 with double stop loss of 37100.
target is 37500.
buy 37300 sl 37100 tg 37500

after some time the target was hitted.
this is the simple strategy i used for day trading.

i used double stop loss because it hit stop loss it becomes a sell order at 37100 for target of 36900 with a stop loss of 37300.

only two trades per day maximum.
when the first order hit the target then cancel the 2nd order.
if 1st order hit stop loss then 2nd trade will continue.

some times 1st target hit. so 200 points profit.
some times 2nd target hit . so no profit / loss at that day.
very rarely it will hit those two stop losses.

please give me any advices or share your trading strategies.
it will helps others.

i will post my daily results with charts.

you will check daily charts at "http://hindi.mcxindia.com/SitePages/FuturesChart.aspx"

waiting for your valuable replies. thank you.
did you tested other possible combination of sl and target which have reward:risk minimum 2:1 and success rate minimum 40% ?
 
#8
According to me, having a fixed approach in a dynamic environment will be a deterrent. Hence I practice discretion in trading.. Since silver is at 39,000/- now, the risk/reward reduces as the stop loss is bigger. It is more like a scalping market. Multiple entries and exits. If silver dips 3-4%, you can target 1:3 risk reward trade positionally.
 
#9
A specific approach cannot be successful for long. It is continuous changing and adaptation that will ultimately help in making money. This is one of the main problems faced by algo traders. They have a fixed approach to a dynamically changing environment.
 
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