MCX-Silver Real Time Trading Log - 20 % ROI

[marimuthu13]

Muthu, What is the status of this trade ? Must be 100+ point loss trade i guess..

Hi,
Yes I guess loss of 130 points ...

Will update in evening after seeing contract note..

 

[Neo_trader]

Re: Trading system - Test it before use it

Hi,
Anyone who wanted to trade on their own..u can try this system, you can earn very good money if u trade as per system..

Apply ADX (50) PSAR ( standard setings),in your chart...

Going Long:
whenever PSAR gives buy signal, look at ADX chart, if D+ above D-, then entre buy trade.. SL as per PSAR..target 100 points..

Going Short:
whenever PSAR gives sell signal, look at ADX chart, if D- above D+, then entre Sell trade.. SL as per PSAR..target 100 points..

Test it in demo trade..it should work 80-90% of time..

Muthu, I use icharts web service and I don't see these 2 indicators available there. I think these are available only in MT4 and Amibroker softwares.

 

[marimuthu13]

Re: Trading system - Test it before use it

Muthu, I use icharts web service and I don't see these 2 indicators available there. I think these are available only in MT4 and Amibroker softwares.

Hi,
These 2 is very basic indicators.. all charting will have it..

In Icharts,

Parabolic SAR (PAR SAR)
ADX is Directional Movement Index (DMI)

 

[jsgrewal]

Hi,
I take piovt points based on previous day OHLC..

Piovt trading work in all down trend/up trend and rangebound market..

I have set of rules for pivot trading in which u will get only about 12-15 trades per month with sucess rate of 70% ...( so 2000 points per month is target in silver)

But this month i did some mistakes and voilated the rule, paid off for those mistakes..

Muthu,
1.You promised to post some charts and explain why you took a particular trade, I think many are waiting for that.
2 Moreover how exactly you calculate your pivots because I don't think they match classic, fibo, cammela etc.
3.The starategy you mentioned about ADX and Psar is for silver or you have tried it elsewhere too.

 

[marimuthu13]

Muthu,
1.You promised to post some charts and explain why you took a particular trade, I think many are waiting for that.
2 Moreover how exactly you calculate your pivots because I don't think they match classic, fibo, cammela etc.
3.The starategy you mentioned about ADX and Psar is for silver or you have tried it elsewhere too.

point no 1, i started posting charts, but no body asked clarification on that charts..so gave it up

points no 2..Its same as classic pivots

points no 3..it work in every instuments but u have to study on profit booking points..

 

[jsgrewal]

Thanks. But once you mentioned of small tweeking of pivots what was that. I have MT4 so can you give the indicator for it.

 

[marimuthu13]

Thanks. But once you mentioned of small tweeking of pivots what was that. I have MT4 so can you give the indicator for it.

Sure..I will upload MT4 indicator in evening..

Who is your service provider for MCX in MT4 ?

 

[sushilgirdher]

Sure..I will upload MT4 indicator in evening..

Who is your service provider for MCX in MT4 ?

I am also waiting

 

[jsgrewal]

Sure..I will upload MT4 indicator in evening..

Who is your service provider for MCX in MT4 ?

it is nifty***

 

[sushilgirdher]

Sure..I will upload MT4 indicator in evening..

Who is your service provider for MCX in MT4 ?

1. I am waiting fir Your MT4 indicator?
2. I am also waiting for ur charts for discussion and learning?

Pls post the charts and indicator soon sir....