Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
OTP Strategy based on OHL values
For those of you who are long time looking for OTP (One Trade Perday) tool, I have just finished coding the tool based on a very simple stategy which is there for ages in the stock market.
- Tool is based on the Open, Low and High prices of the stock.
- If Open=Low, it is "STRONG BULL".
- If Open=High, it is "STRONG BEAR".
- If (Open-Low) is less than the Risk% then it is "BULL".
- If (High - Open) is less than the Risk% then it is "BEAR".
- Otherwise the stock is to be "AVOID"ed
- Run this tool around 9:30-9:35 in the morning. Ie Minimum 15 minutes after the market opening. Less Risk Traders can run it around 09:55 AM, ie after 40 minutes… But take your positions not beyond 10:00 AM since this is a OTP tool
- This is a OTP (One Trade Perday) tool. So the call should be generated between 9:30 AM and 10:00 AM, Immediately after the trade, a Stoploss Trade need to be entered.
- If the Signal in the morning was ""STRONG BULL"" or ""STRONG BEAR"" the call can be closed between 3:15 pm and 3:25 pm
- If the Signal in the morning was ""BEAR"" or ""BULL"" then it is better to close based on Targets."
- As usual, Do Paper trading using the tool and get familiar, before actually using the tool
- You can run this tool at any part of the Trading Window and take positions, but it is better to take positions only in the morning.
Beginners can start trading only based "STRONG BULL" or "STRONG BEAR" signals.
Let me know if you are interested so that I can post the excel tool during this week end.
Discalimer : I do not claim that the tool will do any magic. It is only that there are around 150+ stocks which can be traded in Futures. And we cannot do this manually in a very short time. This tool will help you quickly decide on which stocks to trade based on the OHL values... One more important thing is that the data is downloaded from NSEIndia.com site and so the speed depends on your internet connection and the traffic in nseindia.com site