HDIL Futures 5 Min Charts (5min auto refresh)
NSE Futures Charts with 10 Second Refresh
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I would like each and everyone to go thro the nature of SuperTrend Optimized trading system
– To be honest the trading system accuracy is currently at 42% means out of 100 trades only 42 trades are profitable.
Then how does your wealth is created?
It created with discipline and proper money management to catch those 42% of Winning Trades and Exiting properly at Stop Loss Hits.
What do we show in the charts?
We show the Trading Signals(Buy and Sell Arrows), Trailing Stop loss lines and the Multitimeframe Signal Dashboard
What is the maximum continuous losses the trading system can yield?
Since 2010 after backtesting with 5min data it is inferred that till to date 8 consecutive losses had occurred.
What is the Best Parameters to fine tune the system to eliminate more whipsaws?
It is customer supertrend version and it is marketcalls proprietary. And code is not available for public download
For Which Instrument the Trading System is Optimized?
The Trading system is optimized for 5min Nifty Futures charts
Is this trading system only for Nifty Futures? Can i trade with Any other stocks/indices?
Yes, Currently the trading system is optimized for only Nifty futures 5min charts. It may or maynot suits other instruments shown here.It is recommneded to trade only volatile and High Beta Stocks on 5min timeframe
How to Enter and Exit?
Entry should be based on the completion of the close of 5min Bar Candle. Trade should be executed with 5secs once the 5min candle complete. Trade should not be executed before the completion of 5min bars.
How many Nifty Future Lots is required to Trade the Trading system?
2 Lots (100 shares) of Nifty at any trades. Size of the trade should not vary throughout the trading system and it is fixed.
Can i trade using the live Buy or Sell indicator?
Charts shown in marketcalls is to study the nature of the trading system to improve your knowledge on trading system. If you are trading based on these buy and sell signals then do it at your own risk. marketcalls wont be responsible for the losses incurred.
How to Trading using the Multitimeframe Dashboard?
Multitimeframe dashboard is shown here to observe what is happening in the other timeframe. However Supertrend is not a multitimeframe strategy and higher timeframes often involves higher risk. Its better to stick with 5min timeframe for a better risk control in long term.
How to Trade the Green and Blue Ribbons shown below the charts?
Those Green and Red Ribbons are called as iTrend Ribbons . iTrend Ribbons are nothing but the additional filters to avoid whipsaws in our trades.
I Have Amibroker Software how can i get this indicator?
Supertrend Indicator along with Multitimeframe Dashboard AFL code is opensource and free for public download
Things you need to Know about Supertrend
1)Supertrend is a carry forward strategy which involves overnight gapup/gapdown risk and also weekend carry forward risk. It is not a pure intraday strategy.
2)Supertrend normally makes more profit when the volatility increases and makes lesser losses when the market shows compressed volatility.
3)Most of the profits are made in gap up and gap down openings compared to the losses made in gapup/gapdown
4)Should works good with High Beta Stocks and BankNifty
5)Always start your trade when the past trades which you hadn’t participated shows the worst. Don’t start once you seen the best best part of profits in Supertrend indicator. As the winning ratio is 42% it is not advisable to start your trade once you see the best results of any indicator. Wait for three or more consecutive losses to occur on the charts to start your trade after consecutive losses and not after consecutive winning on the charts.
6)Winning ratio is more or less between 42-45% across all the timeframes. (doesn’t includes brokerages and slippages). However most of the times higher time frame involves high risk in trading supertrend indicator.
Disclaimer : The charts shown here is purely for educational purpose to study the market behavior with SuperTrend indicator. Buy and Sell Signals are not meant here to take real trades. If you are trading based on these buy and sell signals then do it at your own risk. marketcalls neither be responsible for accuracy of the data nor the losses incurred.