Simple Strategy that works

#11
Trading is simple if you always follow trend.
My strategy is simple and easy. With this strategy i had made good amount of profit this year. I want to discuss the strategy to make it better.

I dont do any kind of techincal analysis.

My strategy:
1. Trading time 3.20pm to 3.30pm everyday
2. Check the current price at 3.20 pm vs previous day close price.
3. If the current price is greater than previous close -> Buy
4. If current price is less than previous close -> Sell
5. If already you have buy positions and if 3 is true -> do nothing
6. if already you have sold positions and if 4 is true -> do nothing
7. if already you have sold positions and if 3 is true -> square off and enter fresh positions as 3.
8. if already you have buy positions and if 4 is true -> square off and enter fresh positions as 4.

Let us know your comments about my trading strategy.

a similar strategy i suggested in one of my threads but the diff is we compare today's close with previous day high /low . that will reduce number of trades and will make us trade less!!!
 

deadbrain

Well-Known Member
#16
Checked in google finance for DLF, SBIN... This seemed to fail many days if it meant close of today vs. opening price for next day.
 
#18
Trading is simple if you always follow trend.
My strategy is simple and easy. With this strategy i had made good amount of profit this year. I want to discuss the strategy to make it better.

I dont do any kind of techincal analysis.

My strategy:
1. Trading time 3.20pm to 3.30pm everyday
2. Check the current price at 3.20 pm vs previous day close price.
3. If the current price is greater than previous close -> Buy
4. If current price is less than previous close -> Sell
5. If already you have buy positions and if 3 is true -> do nothing
6. if already you have sold positions and if 4 is true -> do nothing
7. if already you have sold positions and if 3 is true -> square off and enter fresh positions as 3.
8. if already you have buy positions and if 4 is true -> square off and enter fresh positions as 4.

Let us know your comments about my trading strategy.
btw, I forgot to mention. I only trade in nifty futures.
 

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