NIFTY Futures Mechanical Trading

The calculations are correct. if you have any doubt, let me know.

Vinod

Hi Raj

It all depends on how market behaves. if you go through last year trade file, we have first & last quarter result exceptionally well & has more than 1000 points gain while middle two quarters were not good and has just around 300 points gain in 6 months. same story is repeating for current year too. so to trade this system, you need patience & confidence. if you only afford to trade one lot, than i suggest to trade with one MINIFTY lot & stick to that because your main criteria should be preserving capital.

Vinod

NIFTY FUTURE For July 14,

Current position : SHORT (at 4072 on 11/07/2008)

Nifty Fut Closed at : 4021.20

Profit/Loss in current trade : +50.80 (as per last closing price)
Net Profit/Loss since thread started : +1599.80 (1549.00+50.80)

Support : 3973
Resistance : 4122

Hold SHORT position with SL 4122. If trades above 4122, exit SHORT & go LONG with SL 3973.

Happy Trading.

Vinod

NIFTY FUTURE For July 10,
Profit/Loss in current trade : +65.90 (as per last closing price)
Net Profit/Loss since thread started : +1614.90 (1549.00+65.90)

NIFTY FUTURE For July 11,
Profit/Loss in current trade : +74.15 (as per last closing price)
Net Profit/Loss since thread started : +1623.15 (1549.00+74.15)
It should be : +1689.05 (1614.90+74.15)
I am sorry I did not post this calculation in my earlier reference.
Please confirm.
Thanks.

madhava36

The calculations are correct. we were long since 9th july at 4072. on 10th july, future were closed at 4146.15. so profit was 1549.00+74.15=1623.15.
whatever you said "+1689.05 (1614.90+74.15)" is not correct. we can not use 1614.90 as it is MTM profit & keeps changing daily depends on close till we change our position. so we have to use our profit as 1549.00 i.e. net profit before we initiated out last position.

Vinod

Hello Vinodji,
To calculate the worst case for daily profit position, we may take the SL set for the next day instead of taking the close of the current day. This way, most often, the position would be seen to move in one direction.
just a suggestion. The current method is also fine.

regards,
vin

thanks for your reply,but i canot trade mini nifty as you suggested because your system is for nifty future,plz give a method which can work for mini nifty,if possible.THANKS AGAIN

what a stupid question??? Nifty and mini nifty both are the same only lot size differs.

sir i hav limited funds n afraid of trading in nifty future ,i only work in options can u tell me some tips about call n put of nifty.I will b very thnkful to u thnx god bless u

Dear Vinodji,
Dont you think the SL being used in this mechanical system is too deep say 100-150 points?
can you pl give me examples ,saying this type of SL is working fine?
is it applicable purely for day trading ? how trailing SL shd be adjusted in profitable situations ?
svk11