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Old 30-04-2016, 02:52 PM
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Default Trading the Index

As discussed by No1 and Me over the phone - will share here - an index trading system.

At the onset, I will NOT share the system. Please do not ask for the system.
I will put open the system later (If I get permission from the maker/originator of the system)

Till then treat this as a walk forward test.

BNF - Sell at 16668
NF - Buy at 7915
(Both after 9.25 am as we give 10 minutes for the market to settle - unless except for a few times when we already really and truly know what is going to happen on opening)

Another point to be noted, that as per the same system, both the indexes are in opposite direction, therefore we can get whipped till both are in tandem ie same direction.

As regards giving back some points in whips, I do not mind - if BNF is giving me 600 pts a month and taking back 150-200 pts, I still don't mind.

MOD EDIT, the post with the rules has been quoted below:

Originally Posted by no1lives4ever View Post
This is a super simple system.

There is only 1 reversal level that is calculated based on eod levels from the previous day.

Now the rules for trading the system are as follows. I am using hard times, so that there is no ambiguity.

a. Wait for market to open and settle down. Typically this would happen by 9:20-9:30. We do not want the first 5-10 mins of volatile trading to affect the trades. For the rest of this answer, i am taking the time as 9:30am.

b. At 9:30am, you have to enter a sl market order with trigger price at the reversal price. This will be for double the quantity after you take the first position in the system.

c. You do nothing else till market nears closing. This pre-close decision is taken anywhere between 3:15-3:25pm, i am considering 3:15pm for this example.

d. Near closing, if market did not fill the stop loss market order entered at 9:30am, you will cancel that order and be done for the day.

e. Now if the order filled, then you have 2 options. For this example I am considering starting the day with a overnight short position and a reversal order as a buy order so that if market reverses, we end up as long. The opposite applies when you come in with a long position and get your sell stop loss orders triggered during the day:
i. If the price at 3:15pm is > the reversal price, then you move on and hold your now long position overnight.
ii. If price is below the reversal price, then you reverse your position with a market order and go in the direction of the trade that you started with when the day began.

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Old 30-04-2016, 03:33 PM
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Thanks Muratt for active again
How much additional capital ( approximately) needed in addition to regular margin if we get whipped or in case of margin call till both are in tandem ?
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Old 30-04-2016, 03:49 PM
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Originally Posted by MurAtt View Post
As discussed by No1 and Me over the phone - will share here - an index trading system.

At the onset, I will NOT share the system. Please do not ask for the system.
I will put open the system later (If I get permission from the maker/originator of the system)

Till then treat this as a walk forward test.

BNF - Sell at 16668
NF - Buy at 7915
(Both after 9.25 am as we give 10 minutes for the market to settle - unless except for a few times when we already really and truly know what is going to happen on opening)

Another point to be noted, that as per the same system, both the indexes are in opposite direction, therefore we can get whipped till both are in tandem ie same direction.

As regards giving back some points in whips, I do not mind - if BNF is giving me 600 pts a month and taking back 150-200 pts, I still don't mind.

System ko maro goli. You are back . That is good news
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Old 30-04-2016, 05:06 PM
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Keep 1 lac per lot for each index @Sunshine - don't work with tight margins else ... kaput.
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Old 30-04-2016, 11:02 PM
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Waiting to see how this system performs. Interesting concept for the system.

-- no1lives4ever
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Old 02-05-2016, 11:21 AM
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Recorded sell at 16665. 2nd May 2016

Currently it is above our short price.
As per system, at 3.20-3.25 pm if it stays abv the short price, we flip else we continue with short positions.
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Old 02-05-2016, 12:41 PM
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Good to see you MA.

Hope you will stay here even after Traders Carnival.

Btw, if i am getting it right , this system is positional (or intraday ? ).
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Old 02-05-2016, 01:26 PM
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abhi yeh Traders Carnival kaha se beech mein aaya yaar DD bhaiya.
And speaking of TC, aap toh aao - Jim baba aa rahe hai

This is positional system - always in the trade - sar kind of.
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Old 02-05-2016, 01:36 PM
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Originally Posted by MurAtt View Post

This is positional system - always in the trade - sar kind of.

Can I follow it with Options bro
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Old 02-05-2016, 01:39 PM
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No - you'll get whipped PT bhai.
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