First thing, I do not do trading. I am a software engineer and my job is developing software not trading. I have developed a simple automated trading strategy. After day end, it tells at what point you should go long (with stoploss and target) and what point you should go short (with stoploss and target). For example, on 10 Sep 2013, it gave long signal at 5,898.95 with stoploss of 5,702.45 and target of 6,370.55. On each day, it gives signal both for buy (long) and short (sell). Whichever occurs on next day, you need to execute, otherwise no trade. Once, you have taken a position, do not enter into another trade till you exit from the current one irrespective of the buy or sell signal. I have tested it from October 2008 to September 2013. Below, I give summary for NSE_CNX_Nifty (for 5 years from October 2008 to September 2013):
Summary
Number of Completed Trades 164
Number of Winning Trades 70
Number of Losing Trades 94
Number of Points gained in Winning Trades 12,118.59
Number of Points losed in Losing Trades -6,964.13
Total Number of Points Gained 5,154.46 :clapping:
During the above period, on two occasions, seven consecutive time stoploss has occurred. There was one occasion, when consecutive 5 times target has been reached.
Please note that above summary is based on Nifty spot (not on future). It does not include STT, broker commission or Nifty forwarding charges. I have tested the strategy with six NSE indices, six BSE indices and 19 other stock exchange indices like Amex Composite, Australia Stock Exchange, Dow 30, France CAC40, Germany DAX, Heng Seng HSI, Italian_National_Stock_Exchange_FTSE_MIB, Jakarata_Composite_JKSE, London_Stock_Exchange_FTSE100, Mexico_MXX, NASDAQ_Composite_IXIC, Nikkei225_N225, S & P 500, Sao_Paolo_Bovespa_BVSP, Seoul_Composite_KS11, SSE_Composite_Sanghai, Stockholm_OMXS30_OMX, Swiss_Market_Index_SMI_SSMI, TWII_Taiwan_Weighted, Vienna_Stock_Exchange_ATX, and Zurich_Stock_Exchange_ESTX50_EUR_P_STOXX50E.
Except NASDAQ, the result is far superior to buy and hold (or sell and hold).
I shall give complete result in due course. I shall also give (starting from Monday 29th October 2013) the sell indicator with stoploss and target as well as the buy indicator with stoploss and target for Nifty future for people to test it. In due course, I shall start giving indicator for following 12 indices:
01. NSE_CNX_100
02. NSE_CNX_500
03. NSE_CNX_Midcap
04. NSE_CNX_Midcap50
05. NSE_CNX_Nifty Main
06. NSE_CNX_Nifty Junior
07. BSE_S&P_100
08. BSE_S&P_200
09. BSE_S&P_500
10. BSE_S&P_Sensex
11. BSE_S&P_Midcap
12. BSE_S&P_Smallcap
I shall give all the above buy, sell indicators absolutely free for all members to test.
Thanks to all.
Summary
Number of Completed Trades 164
Number of Winning Trades 70
Number of Losing Trades 94
Number of Points gained in Winning Trades 12,118.59
Number of Points losed in Losing Trades -6,964.13
Total Number of Points Gained 5,154.46 :clapping:
During the above period, on two occasions, seven consecutive time stoploss has occurred. There was one occasion, when consecutive 5 times target has been reached.
Please note that above summary is based on Nifty spot (not on future). It does not include STT, broker commission or Nifty forwarding charges. I have tested the strategy with six NSE indices, six BSE indices and 19 other stock exchange indices like Amex Composite, Australia Stock Exchange, Dow 30, France CAC40, Germany DAX, Heng Seng HSI, Italian_National_Stock_Exchange_FTSE_MIB, Jakarata_Composite_JKSE, London_Stock_Exchange_FTSE100, Mexico_MXX, NASDAQ_Composite_IXIC, Nikkei225_N225, S & P 500, Sao_Paolo_Bovespa_BVSP, Seoul_Composite_KS11, SSE_Composite_Sanghai, Stockholm_OMXS30_OMX, Swiss_Market_Index_SMI_SSMI, TWII_Taiwan_Weighted, Vienna_Stock_Exchange_ATX, and Zurich_Stock_Exchange_ESTX50_EUR_P_STOXX50E.
Except NASDAQ, the result is far superior to buy and hold (or sell and hold).
I shall give complete result in due course. I shall also give (starting from Monday 29th October 2013) the sell indicator with stoploss and target as well as the buy indicator with stoploss and target for Nifty future for people to test it. In due course, I shall start giving indicator for following 12 indices:
01. NSE_CNX_100
02. NSE_CNX_500
03. NSE_CNX_Midcap
04. NSE_CNX_Midcap50
05. NSE_CNX_Nifty Main
06. NSE_CNX_Nifty Junior
07. BSE_S&P_100
08. BSE_S&P_200
09. BSE_S&P_500
10. BSE_S&P_Sensex
11. BSE_S&P_Midcap
12. BSE_S&P_Smallcap
I shall give all the above buy, sell indicators absolutely free for all members to test.
Thanks to all.