Pride's Intra-Day Strategy [Profit Everyday]

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A

ag_fx

Well-Known Member
#351
#351
bandlab2 said:
its very simple. just enter entry date, time, price, stoploss, exit time, exit price. all other cells will be calculated automatically based on the above mentioned cells
Click to expand...
Bandlab, did you complete backtesting SBI cash?Any results?
 
S

skgarg

Member
#352
#352
ankitgarg20 said:
Bandlab has already replied to ur query well. I would like to add only 2 things:

1) On a 30 min chart, the first candle will be from 955-1000. Then next candle 1000-1030, 1030-1100 and so on. So, this will adjust your timing at first.
Click to expand...
Thanks a lott ankit. Now my confusion is completely clear. However, in my chart, i am not getting first 30 min candle as 955-10. I am downloading past data from investbulls.com. It has data like this :

NIFTY_F1,20090617,09:55:00,4497.00,4505.25,4497.00,4504.00,301700
NIFTY_F1,20090617,09:56:00,4504.50,4504.50,4494.85,4496.70,198150
.
.
.
.
NIFTY_F1,20090617,15:28:00,4339.00,4343.00,4339.00,4343.00,349350
NIFTY_F1,20090617,15:29:00,4344.80,4347.00,4343.05,4343.25,351350
NIFTY_F1,20090617,15:30:00,4340.00,4340.00,4340.00,4340.00,60800


As i upload this data, in 30 min chart, i am getting first candle at 10:24 ! and in 5 min chart, i am getting first candle at 9:59.

Can u plz help me with the settings.
 
Last edited:
R

regardson

Active Member
#353
#353
ankitgarg20 said:
Bandlab has already replied to ur query well. I would like to add only 2 things:

1) On a 30 min chart, the first candle will be from 955-1000. Then next candle 1000-1030, 1030-1100 and so on. So, this will adjust your timing at first.

2) Do not look at 30 min chart at 1110 or 1120 AM or any other such time. Only look at it once the 30 min candle closes. That is at 10,1030,11,1130,12 and so on...and then decide what to seek on 5 min chart.

Let me try it with an example:

Lets say at 11 AM u see a Bullish crossover on 30 min. So for 11-1130 Am, drop down to 5 min chart and look for a bullish crossover.
At 1130 AM, look at 30 m in chart again. Lets say it stays bullish. Go back to 5 min chart from 1130 to 1200 and look for bullish oppurtunity.
Now, lets say when you check it at 1200, it has a bearish crossover. So from 1200 to 1230, look for bearish oppurtunity.

The 30 min stoch will not change /crossover more than once in the entire day. So this activity is very simple to implement.

I hope it answers your queries.

Its good to see initiative coming from all segments of traders. From newbies to seasoned ones to the veterans to the coders...I am sure we all can benefit from this.

Happy Trading
Click to expand...



Hi Ankit,
I have a doubt here..
If we take 2 days 30min chart.. You can notice the continuation of the stoch from the previous day.. as soon as the market opens..
So, If you follow the rules as per pride.. I guess you can go for the trade..
I have uploaded these kind of chart earlier too..

Pls advice
 
A

ag_fx

Well-Known Member
#354
#354
skgarg said:
Thanks a lott ankit. Now my confusion is completely clear. However, in my chart, i am not getting first 30 min candle as 955-10. I am downloading past data from investbulls.com. It has data like this :

NIFTY_F1,20090617,09:55:00,4497.00,4505.25,4497.00,4504.00,301700
NIFTY_F1,20090617,09:56:00,4504.50,4504.50,4494.85,4496.70,198150
.
.
.
.
NIFTY_F1,20090617,15:28:00,4339.00,4343.00,4339.00,4343.00,349350
NIFTY_F1,20090617,15:29:00,4344.80,4347.00,4343.05,4343.25,351350
NIFTY_F1,20090617,15:30:00,4340.00,4340.00,4340.00,4340.00,60800

As i upload this data, in 30 min chart, i am getting first candle at 10:24 ! and in 5 min chart, i am getting first candle at 9:59.

Can u plz help me with the settings.
Click to expand...
I have no clue frankly. I m more than a novice to Ami or AFL.
 
J

joy.edakad

Active Member
#356
#356
skgarg said:
Thanks a lott ankit. Now my confusion is completely clear. However, in my chart, i am not getting first 30 min candle as 955-10. I am downloading past data from investbulls.com. It has data like this :

NIFTY_F1,20090617,09:55:00,4497.00,4505.25,4497.00,4504.00,301700
NIFTY_F1,20090617,09:56:00,4504.50,4504.50,4494.85,4496.70,198150
.
.
.
.
NIFTY_F1,20090617,15:28:00,4339.00,4343.00,4339.00,4343.00,349350
NIFTY_F1,20090617,15:29:00,4344.80,4347.00,4343.05,4343.25,351350
NIFTY_F1,20090617,15:30:00,4340.00,4340.00,4340.00,4340.00,60800


As i upload this data, in 30 min chart, i am getting first candle at 10:24 ! and in 5 min chart, i am getting first candle at 9:59.

Can u plz help me with the settings.
Click to expand...
Hi,

Tools > preferences. On intraday tab remove tick mark for "Align minute bars to regular market hours"
 
S

skgarg

Member
#357
#357
Hello Joy

Thanks a lot. I now got the right settings for time.

Is it possible to have market replay wherein i can get to view only one bar and then when i click, next bar comes.
 
J

joy.edakad

Active Member
#358
#358
Hi, SKgarg

The buttons on the top of replay window, just like the ones on ur dvd player, will do the job.

First "pause" replay, then click on "step forward".

Another matter of interest is "Step Interval" and "Speed". Change the parameters and see what happens.

regards
 
A

ag_fx

Well-Known Member
#359
#359
regardson said:
Hi Ankit,
I have a doubt here..
If we take 2 days 30min chart.. You can notice the continuation of the stoch from the previous day.. as soon as the market opens..
So, If you follow the rules as per pride.. I guess you can go for the trade..
I have uploaded these kind of chart earlier too..

Pls advice
Click to expand...


What you are talking about is trading on the first 5 min bar. You see, a trade dat will be triggerred on the stoch crossover on the first 5 min candle is of a
concern. That is the 5 min stoch crossesover or ema crossover on the first 5 min candle itself.
For a 5 min ema crossover, we would need candles in same price zone as it closed yesterday.That is last 10-15 candles from yesterday's chart. And, if this case holds valid, there are remote chances of a stoch crossover on 30 min.
In a way, I dont think such a trade will arise. I may be wrong and only in live trading a conclusion can be drawn to it.

what u posted the other day was on tata steel I guess. The EMAs had crossed over in the previous day in that chart if I remem it correctly. That trade was anyways invalid.

Happy Trading
 
.Pride.

.Pride.

Well-Known Member
#360
#360
We should wait for a while once market opens to let the EMAs settle and properly align for the day.
When the opening price is close to the previous day's closing price, EMAs align quickly and you can consider their signals even 15-20 minutes after market opens.
But on gap-up and gap-down days, it takes a while before the EMAs align with the price and until then, we do not trade.

Personally, I tend to avoid trading before 10:30.

and yes, previous day's 30min stoch crossover is valid if it remains the same way even after 10:30.
 
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