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3x5 maco method |
nehanifty
White Belt
Joined: 13 Dec 2012
Posts: 24
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Post: #196  Posted: Mon Jul 22, 2013 4:51 pm Post subject: query |
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Shiva i was seeing your backtest and had some confusion
is net points in NF from 2005 till 2012 ...7565 ( 23092 less 15527 ) or do we take it as 23092?
basically we have to account for intraday whips right? |
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taruj
White Belt
Joined: 20 Apr 2011
Posts: 260
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| Post: #197 Posted: Mon Jul 22, 2013 10:13 pm Post subject: |
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Too much too much...  |
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galrani
White Belt
Joined: 23 Oct 2011
Posts: 93
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| Post: #198 Posted: Tue Jul 23, 2013 9:37 am Post subject: Re: query |
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| nehanifty wrote: | Shiva i was seeing your backtest and had some confusion
is net points in NF from 2005 till 2012 ...7565 ( 23092 less 15527 ) or do we take it as 23092?
basically we have to account for intraday whips right? |
Yes we are accounting for intraday whips by reducing them from the system gains.
So, as per the system we made 23092 points and less 15527 points lost in whipsaws...
Cheers
Shiva |
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umesh1
Brown Belt
Joined: 24 Nov 2008
Posts: 1974
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| Post: #199 Posted: Tue Jul 23, 2013 11:36 am Post subject: Re: Bank Nifty |
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Dear Galrani
Conviction in your system and discipline in your trade is the key ingredient for success in markets (not for this system, any system in general) Appreciate this very much,people hit two stoplosses and attempt to modify it,which proves futile and keep changing or looking for systems which are adaptable to their needs,rather than adhering to a proven system
Cheers |
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galrani
White Belt
Joined: 23 Oct 2011
Posts: 93
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| Post: #200 Posted: Tue Jul 23, 2013 6:04 pm Post subject: Re: Bank Nifty |
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Well said Umesh
After TC2012, many people had started following this and after few whipsaws the interest in this died.
I have been still following this and results are still the same as i had shared in TC2012.
Guess I have accepted the fact that whipsaw losses are part of the game and have learnt to live with it.
Cheers
Shiva
| umesh1 wrote: | Dear Galrani
Conviction in your system and discipline in your trade is the key ingredient for success in markets (not for this system, any system in general) Appreciate this very much,people hit two stoplosses and attempt to modify it,which proves futile and keep changing or looking for systems which are adaptable to their needs,rather than adhering to a proven system
Cheers |
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umesh1
Brown Belt
Joined: 24 Nov 2008
Posts: 1974
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| Post: #201 Posted: Wed Jul 24, 2013 9:15 am Post subject: Re: Bank Nifty |
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| galrani wrote: | Well said Umesh
After TC2012, many people had started following this and after few whipsaws the interest in this died.
I have been still following this and results are still the same as i had shared in TC2012.
Guess I have accepted the fact that whipsaw losses are part of the game and have learnt to live with it.
Cheers
Shiva
| umesh1 wrote: | Dear Galrani
Conviction in your system and discipline in your trade is the key ingredient for success in markets (not for this system, any system in general) Appreciate this very much,people hit two stoplosses and attempt to modify it,which proves futile and keep changing or looking for systems which are adaptable to their needs,rather than adhering to a proven system
Cheers |
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Dear shiva
Very very few are like you,its commendable to follow a system dedicatedly
Cheers
umesh |
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hmpatil
White Belt
Joined: 15 Jun 2011
Posts: 59
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| Post: #202 Posted: Fri Jul 26, 2013 11:18 am Post subject: 3X5 Maco system stoploss |
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Dear Sir,
Crossover & stoplosss is the same? If not then how to calculate stop loss?Pl. explain it with example.Thanks & regards. |
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galrani
White Belt
Joined: 23 Oct 2011
Posts: 93
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| Post: #203 Posted: Fri Jul 26, 2013 11:51 am Post subject: Re: 3X5 Maco system stoploss |
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Hi
This is a SAR (Stop and Reverse) system...so it will always be in with a trade either long or short. So crossover is your stoploss for closing existing positions and opening opposite direction positions.
For example today BNF is now at 10550 and crossover is at 11000. If I am short 1 lot now, I will buy 2 lots at 11000 (one lot to cover my existing short and one lot to go net long position)
Cheers
Shiva
| hmpatil wrote: | Dear Sir,
Crossover & stoplosss is the same? If not then how to calculate stop loss?Pl. explain it with example.Thanks & regards. |
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hmpatil
White Belt
Joined: 15 Jun 2011
Posts: 59
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| Post: #204 Posted: Fri Jul 26, 2013 12:06 pm Post subject: |
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Sir thanks for reply.
One more thing Sir. If crossover is our stoploss then how are we going to put the stoploss in advance bcoz at present we dont know when it will be going to happen?
Regards |
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galrani
White Belt
Joined: 23 Oct 2011
Posts: 93
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| Post: #205 Posted: Fri Jul 26, 2013 12:19 pm Post subject: |
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Last time I checked Stop loss orders were possible in all trading terminals?
Did not understand your query...Every one uses Stop loss orders no?
Cheers
Shiva
| hmpatil wrote: | Sir thanks for reply.
One more thing Sir. If crossover is our stoploss then how are we going to put the stoploss in advance bcoz at present we dont know when it will be going to happen?
Regards |
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hmpatil
White Belt
Joined: 15 Jun 2011
Posts: 59
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| Post: #206 Posted: Fri Jul 26, 2013 3:34 pm Post subject: |
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Sir
As per todays trading throughout the day we remained in the short position and continues to hold the position for Monday also, as there was no crossover. Am i right Sir? |
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galrani
White Belt
Joined: 23 Oct 2011
Posts: 93
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| Post: #207 Posted: Fri Jul 26, 2013 3:45 pm Post subject: |
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Please dont call me Sir
Yes we were short throughout the day...
| hmpatil wrote: | Sir
As per todays trading throughout the day we remained in the short position and continues to hold the position for Monday also, as there was no crossover. Am i right Sir? |
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taruj
White Belt
Joined: 20 Apr 2011
Posts: 260
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| Post: #208 Posted: Fri Jul 26, 2013 4:27 pm Post subject: |
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| galrani wrote: | Please dont call me Sir
Yes we were short throughout the day...
| hmpatil wrote: | Sir
As per todays trading throughout the day we remained in the short position and continues to hold the position for Monday also, as there was no crossover. Am i right Sir? |
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Nope we Will call you sir.
Waiting to hear your ideas in tc13
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galrani
White Belt
Joined: 23 Oct 2011
Posts: 93
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| Post: #209 Posted: Fri Jul 26, 2013 5:15 pm Post subject: |
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Sharminda mat karo yaar
As told in the agenda on the tc website, I will be discussing on low risk option strategies like spreads, butterflies etc
These should supplement 3x5 which is a loss making syatem in sideways markets
See you there
Cheers
| taruj wrote: | | galrani wrote: | Please dont call me Sir
Yes we were short throughout the day...
| hmpatil wrote: | Sir
As per todays trading throughout the day we remained in the short position and continues to hold the position for Monday also, as there was no crossover. Am i right Sir? |
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Nope we Will call you sir.
Waiting to hear your ideas in tc13
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hmpatil
White Belt
Joined: 15 Jun 2011
Posts: 59
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| Post: #210 Posted: Mon Jul 29, 2013 2:37 pm Post subject: |
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Galaraniji (still i prefer to call you Sir)
Is there any strategy that i can protect my proffit and also continues to stay in the trade after booking profit?
Regards |
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