Hello everyone, I went through some posts on traderji about gann trading. I paper traded for a week with sbi and nifty futures and thought to give it a try realtime, so i started out with nifty, i had fair amount of success with it along with some bad days.
What i did was, i took closing of the 9:30 candle, and took gann recommendations from that price. i added +/- 2 to the real signal before entering into trade, if S/L is hit i traded in the opposite direction.
I always bought 2 lots, sold the 1st one at tg1 and used TSL with +15 each time tg is hit.
Is there anyone who have tried this gann strategy? There are a few problems i faced, there were a few days when both sides S/L was hit, i took another gann recommendations on 2nd S/L and traded again. I wonder if there is any other method to deal with such situation? Please suggest, if any.
Another one is that, tg1 is hit normally, S/L and tg1 are the same. So the risk return ratio is 1:1, and the days when both S/L are hit, it takes away alot of profit. So also suggest on this issue also.
If anyone is interested in back testing this strategy, using some variations and on other futures, we can do it together on this thread. Thank you.
Manmeet
What i did was, i took closing of the 9:30 candle, and took gann recommendations from that price. i added +/- 2 to the real signal before entering into trade, if S/L is hit i traded in the opposite direction.
I always bought 2 lots, sold the 1st one at tg1 and used TSL with +15 each time tg is hit.
Is there anyone who have tried this gann strategy? There are a few problems i faced, there were a few days when both sides S/L was hit, i took another gann recommendations on 2nd S/L and traded again. I wonder if there is any other method to deal with such situation? Please suggest, if any.
Another one is that, tg1 is hit normally, S/L and tg1 are the same. So the risk return ratio is 1:1, and the days when both S/L are hit, it takes away alot of profit. So also suggest on this issue also.
If anyone is interested in back testing this strategy, using some variations and on other futures, we can do it together on this thread. Thank you.
Manmeet