Excellent intraday technq (for range bound and trending market

Dear Shakti, I have been using MACOPC Technique and for Mani's one rupee technique and doing fine now. Whenever I go for multiple trades due to greed, I end up in losses but for once a day it is an excellent technique. Thanks for both of you. Regarding the second technique for intraday rangebound market that you have mentioned, I have few doubts. It would be easy for me to follow, if you upload one or two charts. Also backtest using GCI metatrader, I dont understand as I have limited knowledge. Please clarify. Sorry for the inconvenience.

Thanks & Regards,
Sureshkumar.K

hi suresh... what kind of doubt u have pls mention it ill try to solve it ...any way ill try to post some charts soon....good luck..bye

My doubts are 55, 21 and 13 EMA Close or High/Low? ... While selecting MACD Histogram, what should be the Average, short and long type and period, Close/High/Open, then, What is backtest using GCI metatrader and how to do it. Thanks for ur immediate response.

55(close),21(close),13(close)...macd fast avg-12,slow avg-26,signal avg-9.(all close values)......gci is free charting platform u can plot these indicator setup and check prev days success ratio of this technq ...download the gci from there site....i think ur new to trading this technq will be good for u dont break the rule..u will never loose...finally a small modification use 13 ema in the place of 21ema and 8ema in the place of 13 ema ...u will get good signals....goodluck

Originally Posted by sureshbarath

Dear Shakti, I have been using MACOPC Technique and for Mani's one rupee technique and doing fine now. Whenever I go for multiple trades due to greed, I end up in losses but for once a day it is an excellent technique. Thanks for both of you. Regarding the second technique for intraday rangebound market that you have mentioned, I have few doubts. It would be easy for me to follow, if you upload one or two charts. Also backtest using GCI metatrader, I dont understand as I have limited knowledge. Please clarify. Sorry for the inconvenience.

Thanks & Regards,
Sureshkumar.K

Suresh, Instead of going for multiple trades with 1 Rupee target ... Try just one trade with may be 2 Rs target, once you get comfortable with a particular signal ...

When we do multiple trades, we lose focus on the signal ....

Thank you Mani and Thank you Shakti. I will proceed and give you the feedback shortly.

Hello to all, I feel great to enter to this forum newly.
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