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Tamil trader

Well-Known Member
#11
Good... hope there is a huge movement in coming days.

Tamil trader,

Since we know that there is a big correlation between usd and crude oil, we may need to tweak our exit parameter.

For example, in todays trade the USDINR started breaking out in morning and crude started reversing after morning gap down. And then moved till 6800.

So though actual reversal happened around 6680 levels, we exited the short only at 6750. Intead we should have exited at 6680 and went long after our system gives buy signal.
yes.. you are correct......

i am analysing currently for taking good profit in such volatile movement

for example... Sell crude with 30 minutes chart, buy crude next contract with 5 minutes chart,

in this situation, eventhough we face trend reversal, our hedging position will get profit... now if market comes down again, our 30min sell position gets profit...

but this is not conclusion.... some modification is required on the strategy...

very soon, i will share here
 

Cubt

Well-Known Member
#12
Exactly..this is wat I was also thinking..entering next month contract..but how liquid is the next month contract. ? How much price diference with current month n next month..
 

Tamil trader

Well-Known Member
#13
Exactly..this is wat I was also thinking..entering next month contract..but how liquid is the next month contract. ? How much price diference with current month n next month..
next month contract is trading just 5 points differently.. this is also liquid one.. no need to worry about liquidity
 

Cubt

Well-Known Member
#15
Bro... I have been testing one more strategy..

As per 30 mins chart, we will buy or sell. As well as we will buy or sell based on 5 mins chart, only for intraday.

So 1 positional on 30 mins
1 intraday on 5 mins
 

Tamil trader

Well-Known Member
#16
Bro... I have been testing one more strategy..

As per 30 mins chart, we will buy or sell. As well as we will buy or sell based on 5 mins chart, only for intraday.

So 1 positional on 30 mins
1 intraday on 5 mins
this looks like great.. but i tested for some weeks in amibroker...

sometimes,

some events for example:-

1. if 30 mins gives loss on intraday, and gives profit on next day, at that time 5 mins should give the profit on intraday... then this is a good strategy

2. if 30 mins gives profit on intraday, and loss on next day, at that time, 5 mins give losses on intraday.. then it is a bad strategy...


For better trade it is easy to follow this type of trading:-

if 5 mins and 30 mins gives buy signal.... trade on two lots...

if 5 mins and 30 mins varies with buy and sell... trade on one lot on the contra side....
 

Cubt

Well-Known Member
#18
this looks like great.. but i tested for some weeks in amibroker...

sometimes,

some events for example:-

1. if 30 mins gives loss on intraday, and gives profit on next day, at that time 5 mins should give the profit on intraday... then this is a good strategy

2. if 30 mins gives profit on intraday, and loss on next day, at that time, 5 mins give losses on intraday.. then it is a bad strategy...


For better trade it is easy to follow this type of trading:-

if 5 mins and 30 mins gives buy signal.... trade on two lots...

if 5 mins and 30 mins varies with buy and sell... trade on one lot on the contra side....
Okay, if we buy 2 lots when should we exit?? 5 mins chart exit or 30 mins chart exit???
 

Cubt

Well-Known Member
#19
this looks like great.. but i tested for some weeks in amibroker...

sometimes,

some events for example:-

1. if 30 mins gives loss on intraday, and gives profit on next day, at that time 5 mins should give the profit on intraday... then this is a good strategy

2. if 30 mins gives profit on intraday, and loss on next day, at that time, 5 mins give losses on intraday.. then it is a bad strategy...


For better trade it is easy to follow this type of trading:-

if 5 mins and 30 mins gives buy signal.... trade on two lots...

if 5 mins and 30 mins varies with buy and sell... trade on one lot on the contra side....
Okay, if we buy 2 lots when should we exit?? 5 mins chart exit or 30 mins chart exit???
 

Tamil trader

Well-Known Member
#20
Okay, if we buy 2 lots when should we exit?? 5 mins chart exit or 30 mins chart exit???
if stop loss hits, exit one lot on 5 min charts, and hold 30 min positions....

if target points reach, exit two lots on 30 min charts...

if we trade consistently, profit will be maximized.. loss will be minimized
 
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