One hour breakout strategy

[VIKAS 21]

Dear friends

I am posting here this very nice & simple strategy,, one can earn profit with this strategy with minimal efforts.
i am sure most of the people will be aware with this startegy, still i am posting to get benefitted myself & other members of traderji.
This strategy save us from lot of whispaws as market get settled in first hour.
i Hope our mentor traderji, sawant sir , smart trade will give their inputs to make it more effective......



VIKAS 21

 

[VIKAS 21]

The strategy is very simple

a buy signal will be executed if high of one hour bar is breached with sl as low of that bar....,
reverse is true for sell ....

Soon i will post my last 30 days results with this strategy...





VIKAS 21

 

[ambarish123]

the risk is too high in it man

 

[HARIVEL]

Sideways Market

 

[VIKAS 21]

10:00 AM
DATE HIGH/LOW L/S S/L DAYS CLOSING
HIGH/LOW P/L
27-Sep 2256.2 L 2243.25 2279.1 2266.05 10
28-Sep 2282 S 2290.4 2241.4 2262 20
1-Oct 2270 L 2255.2 2294.6 2293 23
3-Oct 2301.65 L 2270 2313 2308 6
4-Oct 2337.35 L 2316.3 2357 2355 18
5-Oct 2317.35 S 2366.9 2304 2345 -28
8-Oct 2320 S 2337.25 2284 2286.75 33
9-Oct 2306.5 S 2321.5 2273.65 2299.95 7
10-Oct 2267 S 2277.5 2239.05 2243 24
11-Oct 2216 S 2240 2209.5 2294.05 -24 SL HIT
12-Oct 2298 L 2274 2308.55 2266.5 -24 SL HIT
15-Oct 2252.15 S 2269.35 2247 2286.65 -17 SL HIT
16-Oct 2286 S 2298 2234 2236 50
17-Oct 2235.3 S 2262 2217.25 2228 7
18-Oct 2235 L 2225 2300 2292 57
19-Oct 2275 S 2291 2242 2261 14
22-Oct 2247 L 2232.55 2269 2253 14
23-Oct 2247 S 2274.9 2241.55 2248 -1
25-Oct 2235.5 S 2258.6 2214.5 2217.5 18
26-Oct 2196 S 2219 2173 2185 11
29-Oct 2195 L 2171 2215 2182 -13
30-Oct 2199.8 L 2180 2212 2087 -20 SL HIT
31-Oct 2097 L 2074 2128 2117 20
1-Nov 2131.7 L 2112 2134.9 2126 -6
2-Nov 2140.2 S 2150 2137 2162 -10 SL HIT
5-Nov 2161 L 2147 2164 2154 -14 SL HIT
6-Nov 2165 L 2144 2188 2187 22
7-Nov 2212 L 2175 2239 2218 6
8-Nov 2215 L 2192 2281 2259 44
9-Nov 2235 S 2277 2165 2163 72
TOTAL 319

 

[ambarish123]

sbin?intra?

 

[VIKAS 21]

the risk is too high in it man

i will try to avoid the trades where bar size is big, so sl will be small, max sl will be of 20 points

thanks


vikas 21

 

[VIKAS 21]

sbin?intra?

yes i mostly trade in sbin future...














Vikas 21

 

[VIKAS 21]

Sideways Market

sideways market will be protected by protective sl nd if sl is hit no second trade will be taken.

 

[rh6996]

10:00 AM
DATE HIGH/LOW L/S S/L DAYS CLOSING
HIGH/LOW P/L
27-Sep 2256.2 L 2243.25 2279.1 2266.05 10
28-Sep 2282 S 2290.4 2241.4 2262 20
1-Oct 2270 L 2255.2 2294.6 2293 23
3-Oct 2301.65 L 2270 2313 2308 6
4-Oct 2337.35 L 2316.3 2357 2355 18
5-Oct 2317.35 S 2366.9 2304 2345 -28
8-Oct 2320 S 2337.25 2284 2286.75 33
9-Oct 2306.5 S 2321.5 2273.65 2299.95 7
10-Oct 2267 S 2277.5 2239.05 2243 24
11-Oct 2216 S 2240 2209.5 2294.05 -24 SL HIT
12-Oct 2298 L 2274 2308.55 2266.5 -24 SL HIT
15-Oct 2252.15 S 2269.35 2247 2286.65 -17 SL HIT
16-Oct 2286 S 2298 2234 2236 50
17-Oct 2235.3 S 2262 2217.25 2228 7
18-Oct 2235 L 2225 2300 2292 57
19-Oct 2275 S 2291 2242 2261 14
22-Oct 2247 L 2232.55 2269 2253 14
23-Oct 2247 S 2274.9 2241.55 2248 -1
25-Oct 2235.5 S 2258.6 2214.5 2217.5 18
26-Oct 2196 S 2219 2173 2185 11
29-Oct 2195 L 2171 2215 2182 -13
30-Oct 2199.8 L 2180 2212 2087 -20 SL HIT
31-Oct 2097 L 2074 2128 2117 20
1-Nov 2131.7 L 2112 2134.9 2126 -6
2-Nov 2140.2 S 2150 2137 2162 -10 SL HIT
5-Nov 2161 L 2147 2164 2154 -14 SL HIT
6-Nov 2165 L 2144 2188 2187 22
7-Nov 2212 L 2175 2239 2218 6
8-Nov 2215 L 2192 2281 2259 44
9-Nov 2235 S 2277 2165 2163 72
TOTAL 319

I was just trying to see the trades on a chart. The levels mentioned do not seem to match. Can you kindly specify whether these are SBIN Spot or Future rates?
There may be error in my charts, I cannot deny that too.... the last traded price as shown for 27th Sep. in my SBIN Futures chart is 2247.60 and for cash it is 2251.70 !
If you get time please give some more details of the trades/figures mentioned.. just a day or two trade details would suffice.
It may be a good idea to switch to a lower time frame after entry to trail a SL to lock in profits.
Thanks for this thread. I have read about ORB at many places. Have similar strategy.