If your are a positional/swing/long trader, then it is for you.
Added multiple portfolio support to the system.
What is use of having multiple?
Track multiple stocks based on ur criteria.
Add exit rules.
Exit rules:
Set your own exit rules for your each portfolio.
What is exit rule?
Define a rule for exit, When you want either book profit/loss and come out of the trade.
Eg: For my short term portfolio, I want exit stocks which closing below 50SMA.
What is the use of exit rules?
- U no need to analyse your portfolio stocks constantly.
- Define a rule/Multiple rules which ever works for you then System automatically send an email to when ever a stock from portfolio matched to ur exit rules.
- Do once, and check ur mails
Eg:
I bought BANKINDIA at 35rs, I want to trail my stock till my exit rule/rules.
As part of my portfolio added Price closes below 50SMA rule.
System will give u an alert when my portfolio stocks closed below 50SMA.
Today BANKINDIA met this rule, I got an email alert 4 it.
Dear Friends,
By default system has more than 240 rules are available for daily, weekly and monthly.
U can use any rule based on ur choice.
If there isn't any suitable rule for u, contact us will help you with that
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1. Trade can initiate the next day opening price with 1% or 2% of stock price as SL.
2.Risky Traders can enter into trade at 3.15 to 3.20 pm on the same day when price crosses above the monthly pivot point.
3. Target can be 2% or 3% or 4%
4.When we back tested with 2% SL and 4% target given the best results.
5.User can keep any of these risk rewards
Risk reward ratio: 1: 2
Risk reward ratio: 1: 3
Risk reward ratio: 2: 4(Given the best results)
6.User can close the trade with in 3 days if they achieve target or if SL hits.
7.If user wants to continue the trend then SL should be moved only when they achieved initial target. 8. You can add any other indicator for confirmation eg: SMA 20, ADX > 25.
Scans -> Investment patterns -> High Momentum pattern.
Conditions to qualify stocks in this criteria: 1. Min price should be greater than 30 2. The current price must be at least 50% above 52 weeks low.
3. The current price must be within 25% of the 52 weeks high. 4. The current price must must be trading above 50-day and 50sma > 200 sma. 5. Every 6 weeks should have made new high. so check last 6weeks price is greater previous 6 weeks high price.
> Now click on patterns > candlestick > dragon fly doji pattern
> It will highlight on the chart where it occurred in the past also.
> Now u can check whether this pattern is respecting this stock or not.
> It is easy to backtest with ur eyes.
> U can check the same thing for Daily/Weekly/Monthly also.
> Once u found , stock is respecting this pattern then take position based on that.
Started reading the A complete Guide to Volume Price Analysis #book#VPA
Based on my understanding created below patterns 1. Price and volume raising
> Bullish: price closes above the previous candle and volume is greater than previous candle.