Derivatives - Intraday Breakout Strategy !!! in MARKETS - Friends i am sharing a strategy for intraday traders. Two days range breakout !!! For example note down the high ...
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Intraday Breakout Strategy !!!

  1. Intraday Breakout Strategy !!!

    Friends i am sharing a strategy for intraday traders.

    Two days range breakout !!!

    For example
    note down the high and lows of nifty future of last two days (4 and 5 July, 2013).

    4 July = High (5854.60) - Low (5781.00)
    5 July = High (5904.80) - Low (5858.40)

    Now trading range of 5 July is 5904.80-5858.40=46.40. calculate 10% of this range (4.64).

    Here is entry points for 8 July, 2013:
    Add 4.64 in both days High to go long (5904.80+4.64 = 5909.44)
    Subtract 4.64 in both days low to go short (5781.00 -4.64 = 5776.36)

    Profit Booking: PSAR/RSI or any other suitable indicator.
    Stop Loss: high/low of 8 July respectively.

    Friends i am waiting for your discussion/amendment on this strategy. Due to unavailability of resources i did not back-test this strategy. Can anybody do back-test and tell the results please.


  2. I think the idea is great and should most definitely show good results ... You can probably do the calculation for the last 3 days as well and keep it handy ...

    I think nseindia has a tool to back-test options trading, just like real-time trades that you do in your broker account ... Will share it on Monday







  3. You can test your trading strategies at http://www.nseindia.com/NP/nse_paathshaala.htm (NSE Paathshaala) ...

    You will have virtual money of 5 Lakhs ... Registration is free ...

    Its pretty cool for all options traders to try out their strategies

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