How many follow System trading?

5th July 2023

today profit of aprx 1200

5th July 2023 :- I think the chances of profit increase once you come closer to the expiry due to the theta. Also if we consider brokerage, today was a loss too. :melting_face:

anyway that is how we learn :smiley:

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Paisa Hi GIF - Paisa Hi Hoga - Discover & Share GIFs

6th July 2023

Today i did a simple change, created the same strategy on 15mins instead of 5mins. and deployed both of them together. 15mins strategy gave better results. Like it is said, trading on a higher timeframe is better since noise is less and confirmation of indicator is also relatively better when compared to lower timeframe.

“option strategy afsfsf” is on 15mins timeframe which gave profit of 2700 and the other on 5mins gave profit of approx 800

Strategy link of the 15mins backtest if anyone wants to check - https://public.streak.tech/in/Strangle-15mins

how was the expiry day for other traders?

6th July 2023 I wanted to see how the strategy behaves on expiry so didn’t make any changes, even kept the SL at 25% (which is very low when kept on the OTM prices on expiry) due to which SL got triggered very quickly.

I am thinking of making a few changes for tomorrow and also thinking of doing some swing trading for equity. Let’s see how that goes.

Whatever may be your strategy i suggest an insightful simple system in my thread which i believe even day-jobers can make it happen:

7 July 2023

market was quite volatile today so almost breakeven in both strategies.

7th July 2023 -

Bhari Nuksaan Ho Gaya Humara Akhandanand Tripathi GIF - Bhari Nuksaan Ho Gaya Humara Akhandanand Tripathi Kaleen Bhaiya - Discover & Share GIFs

10th July 2023

The benefit of writing options when the market is range bound.

10th July 2023

for me, initially in the start of upmove, CE hit SL. and then after that a swift downmove came, so PE SL was also hit.

sticking to the system is important. :crossed_fingers: lets see how the week turns out.

11th July 2023

Last one hour was trending again with downside, so breakeven today

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11th July 2023 update -

trying something new with options buying and seems to be working. Will need to paper trade it properly for a month at least before taking it live.

Nifty -

Bank Nifty -

Have used Capital based position sizing of 10,000 rs so all the trades were taken with 10K capital (each leg). Good ROI I would say :yum:

ohh looks Nice! can you share the strategy link if you don’t mind? i will test it too from tomorrow

12th July 2023

Strategy took the benefit of the early bearish move and the target got hit at 9:23. This is options buying so don’t want to rush to live trading yet and will try to paper trade at least for 2 weeks and try to optimize it as much as I can.

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I can let you know the details in DM because if I post it here, someone may take it to the live market and it is highly possible that they lose their capital.

12th July 2023

breakeven today as well. uptill 3PM it was quite in profit. but last 15min, huge downmove came, causing the PE to give up some gains

13th July 2023

Posted my result here today - Introducing technicals dashboard - #12 by Chirayu08

Took the decision to trade based on the volume breakout strikes.

13 July 2023

expiry day is always profitable

@trading_technicals and @Chirayu08 would you guys mind sharing some details of the strategy you guys use?

@Chetan_Nahata i just tried today with the same link @Priyank_Mehta had shared in the first comment, i am also trying on paper trade itself, its a simple strangle with choppiness indicator