pchadha74 1248970568|%e %b %Y, %H:%M %Z|agohover
Hi Friends,
As the title suggests, this is the place where you can discuss/suggest the tweaks that you may be applying to the 60min flow. Just a few basic guidelines for all of us..so that we dont stray away from the purpose:
1. Please mention what are you trying to achieve with your tweak. It may be either to Increase ovreall profits…reduction in few loss making trades… reduction in the Drawdown….better correlation to the overall market…or whatever relevant you may think of. All roads leading to the same destination….but do put up the purpose.
2. Please be specific in how do you apply it or intend to apply it. If you use 3 or 4 guidelines or criteria to derive at decision making…do discuss each of them and their inter/correlation.
3. Present a few charts depicting what you intend to show…makes it easier for most of us here.
4. Most appreciable if you can present a backtest with the tweaks you employ. As a test case, you can take Nifty for the period anywhere between October 2008 till today. I will provide the backtest results for the exact same period with the rules that we r currently using….so that people can pick it up from there.
5. Not only can you discuss your tweaks..you can also discuss when you would consider NOT to trade the 60min. It can be anything which can help you stay out of rangebound days where we get whipped around.
I am expecting a BOMBARDMENT of ideas from all of you..especially the wise ones here like Satya, Bee, Prabh, Komal apart from others.
Lets get going.
Thanks,
Puneet
ps: Dont get fooled by the points mentioned above. I wrote them as I wanted to sound specific and methodical. Let there be no bars in your presenting the ideas. Though if you adhere to the above….would be easier for others to get it better.
