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Crude trade with 10 Point SL--target 70 Points |
amitsaraf21
White Belt
Joined: 20 Feb 2009
Posts: 76
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Post: #31  Posted: Mon Oct 22, 2012 8:32 pm Post subject: mein kuchh samjhaa nahi??? |
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stop loss kitnaa hai 4 point yaa 6 point
average slippage kitnaa maan kar chal rahe ho.....
transaction cost kaa bhi dhyaan rakhnaa hogaa becoz of large no of trades
uske alawa target points kitnaa hai 55 yaa 70........
discretion use karna ahi yaa pure mechanical........
target hit hote hee book karnaa hai yaa reverse aane par square off karnaa hai....
trade mein entry lete hee SL lagaana hai kaise.........
Have all these rules taken concrete shape...........
have data been tested for say around 100 trading session ............
and also to validate it have the same been tested for a randomly selected 50-100 day period...........
what are the results for such backtesting if done............
Also doubling qty after every stop loss is martingale strategy which has been proven disastrous for trading in several tests. At some point 'gamblers ruin' kicks how so ever big your account size may be.
Thinking process is very positive........
taking trades when probability is in your favor..........how probability moves in your favor????
Also attempt is to keep losses small while profits big..........that is positive
still putting this in a positive expectancy winning system with ability to handle worst case scenarios is very important.
Wish you all the very best
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veerappan
Expert
Joined: 19 Dec 2007
Posts: 3680
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| Post: #32 Posted: Mon Oct 22, 2012 8:41 pm Post subject: |
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| rahul shall i come-in your thread? with your permission? |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #33 Posted: Mon Oct 22, 2012 10:40 pm Post subject: |
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| Anna you dont have to take permission |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #34 Posted: Mon Oct 22, 2012 10:51 pm Post subject: |
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I am not as intelligent as you are
I have given a back tested set up here---
those who want to trade can trade on it-- else ones own choice
-==================================================
All rules are given at my first post
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| Quote: | Its a system where u have to just see round numbers to 100--
such as
5000--4900--4800--4700-- and so on --
5100--5200--5300--5400-- or any round figure
now what we have to do ????
Buy 5 point above these numbers SAR 5 point below round number
for Example Buy st 5005-- double stop loss at 4995--
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At opening see rate of crude , wait for first 15 min trade
now if crude is at 4990--- just watch -- let short trigger at 4995-- and let stop loss hit at 5005---now buy is at 5005---let stop loss hit at 4995---once 2nd stop loss hits-- we will start trade
We have placed short at 4995-- and its triggered-- stop loss placed at 5005 for 3 lots now is at 5005--- quantity is double now---
target is 70 points
Tsl at cost after 40 point gain
Note : remember we will start trade at 2nd stop loss-- not before that
This is because in last 4 months multiple stop loss were hit but net gain in last 4 month is 1800 points
Some time u will see that first trade even hit target-- but dont worry-- we want to minimise loss-- so after 2 stop loss --we will start trade --with double quantity after that --- once target is booked---
again wait for 2 stop loss trade -- n then start
if any confusion--do ask me |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #35 Posted: Mon Oct 22, 2012 10:54 pm Post subject: |
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Start from trade one...
Else you will miss many profitable trades-
Too much perfection required in a setup will spoil the game
No need to multiply lots after stop loss
Just trade one lots
today Buy at 5005-- stop loss hit
Short at 4995-- gave 70 points
Rest ones own choice-- back test and ride it |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #36 Posted: Mon Oct 22, 2012 10:57 pm Post subject: |
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And when its discussed that buy at 5005-- short at 4995--
this means-- stop loss and short at 4995-- so 2 lots will be placed--
now coming to transaction cost--- ha ha ha
cost--- see the gain first 600 points a month--- and if we get 30 trades-- its 90 points maximum
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traderindian
White Belt
Joined: 03 Apr 2010
Posts: 56
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| Post: #37 Posted: Mon Oct 22, 2012 11:05 pm Post subject: |
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Hello Rahul sir,
Thank you for the wonderful strategy..can we reduce the stop loss per trade to 5 points per trade if we start from trade one only..what will be the results
Please advise..
Thanks in advance |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #38 Posted: Mon Oct 22, 2012 11:11 pm Post subject: |
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I have not back tested so cant comment on--how success full it will beat--
I tried my best to give one set up-- which is a great sucess--
yes stop losses are there --that to few times 6--7---
but not always --
as on Friday 3 stop loss and one target
Today one stop loss and one target
so 4 stop loss--thats loss of 50 points
2 target of 70 each that is 140 points
net gain 90 points |
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traderindian
White Belt
Joined: 03 Apr 2010
Posts: 56
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| Post: #39 Posted: Mon Oct 22, 2012 11:16 pm Post subject: |
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Thank you sir for the prompt reply !!
So it meas that once the target of 70 points is met, we are done for the day ..
No more trades..is it correct ? |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #40 Posted: Mon Oct 22, 2012 11:18 pm Post subject: |
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its ones own choice
I trade all trades-- as stop loss is very small--
today also i have put 2 orders till now
Buy at 4805-- and sell again at 4795--
Buy placed at 4905
tommorow also i will see n place |
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traderindian
White Belt
Joined: 03 Apr 2010
Posts: 56
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| Post: #41 Posted: Mon Oct 22, 2012 11:23 pm Post subject: |
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| Rahulsharmaat wrote: | its ones own choice
I trade all trades-- as stop loss is very small--
today also i have put 2 orders till now
Buy at 4805-- and sell again at 4795--
Buy placed at 4905
tommorow also i will see n place |
Than a lot sir ! The strategy seems to be very profitable even if traded with 1 lot only |
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veerappan
Expert
Joined: 19 Dec 2007
Posts: 3680
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| Post: #42 Posted: Tue Oct 23, 2012 7:42 am Post subject: |
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| Rahulsharmaat wrote: | Start from trade one...
Else you will miss many profitable trades-
Too much perfection required in a setup will spoil the game
No need to multiply lots after stop loss
Just trade one lots
today Buy at 5005-- stop loss hit
Short at 4995-- gave 70 points
Rest ones own choice-- back test and ride it |
ragul this what i want to say... let it be one lot ... or 2 lots means each time two lots... 10 lots means each time 10 lots... that discipline u need... |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #43 Posted: Tue Oct 23, 2012 9:35 am Post subject: |
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| Thanks VEERA |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #44 Posted: Tue Oct 23, 2012 10:07 am Post subject: |
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| Dont take over night position--- |
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parva
White Belt
Joined: 07 Dec 2009
Posts: 89
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| Post: #45 Posted: Wed Oct 24, 2012 1:26 am Post subject: |
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Dear sir...
Today no discussion about trades.....
Any friend did trading based on this system then please share it.
Thanks
Parva
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