My Day Trading System

[My Day Trading System]

Its quite a long time since I effectively made any contribution in TL. As it has always been my nature to share with and learn from my fellow day traders any system I develop and work in live market, I am presenting yet another simple system but effective under almost all the market conditions, esp. in volatile market.

 

I wish to make it abundantly clear to my fellow traders like before, for now, I trade only Indian stocks and USDINR futures. Due to regulatory issues, I can't trade overseas markets.

 

I had to discontinue trading fully due to my health factors for quite some time; now I am fully back. I may post my trading results only for learning purpose.

 

I will be more than happy if my fellow traders find the system working for them and guide them any time they need my assistance.

 

The features of the present system:

 

1. The market I trade: NSE, India

2. Instruments: JSW Steel, Tatamotors, SBIN, USDINR futures.

3. Trade only one or two instruments at a time.

 

Indicators I use:

 

1. HMA - 26

2. MACD - 12,26,9

3. RSI - 14,6

4. Bollinger Bands - 14, 0.26

5. Murrey math and Pivot Points

 

Charting software - Ninjatrader 7

 

Entry methods:

 

For Long Bulls:

 

1. Price is clearly above the HMA and Bollinger bands

2. MACD histogram is above zero level

 

For Short Bulls:

 

1. Price is clearly below the HMA and Bollinger bands

2. MACD histogram is below zero level

 

As usual, I use MACD and RSI to measure the strengths and weaknesses of the price movements.

 

I am attaching 2 charts with 456 sec and 933 sec. The charts are almost self explanatory but in case any clarifications required, I would love to help you out.

 

Healthy And Wealthy Trading

Sureba67

 

 

 

 

Hi PSB, may I know from which Indian broker you get the datafeed for Indian currency and stocks for Ninja trader