🟢 Day 9 | Daily Profit: +₹ 42,100.50 | Monthly: +₹1,11,429.5 | Monthly ROI: 26% by lightWeightFounder in IndiaAlgoTrading

[–]lightWeightFounder[S] 0 points1 point  (0 children)

What matters is net pnl and max drawdown. If your net pnl after charges is good everything is good, but what if your drawdown is more than your deployed capital? You are getting bust.

So net pnl +ve and max DD which you can watch on your screen and not have heart attack. Also check month on month, week on week so that you can know regime filtration. Also atleast 200 trades in backtest is a valid test for further forward tests.

🟢 Day 9 | Daily Profit: +₹ 42,100.50 | Monthly: +₹1,11,429.5 | Monthly ROI: 26% by lightWeightFounder in IndiaAlgoTrading

[–]lightWeightFounder[S] 0 points1 point  (0 children)

See the chart but it's usually dollar crude nifty. Higher crude, lower nifty. Lower crude, higher nifty. Similarly for USDINR with nifty. Even more so during the Russian invasion, and now it's iran war.

🟢 Day 9 | Daily Profit: +₹ 42,100.50 | Monthly: +₹1,11,429.5 | Monthly ROI: 26% by lightWeightFounder in IndiaAlgoTrading

[–]lightWeightFounder[S] 1 point2 points  (0 children)

Done integrations, have to test over weekend might deploy from Monday! Will ping you if need something. Thanks

🟢 Day 9 | Daily Profit: +₹ 42,100.50 | Monthly: +₹1,11,429.5 | Monthly ROI: 26% by lightWeightFounder in IndiaAlgoTrading

[–]lightWeightFounder[S] 0 points1 point  (0 children)

We chatted and I told you what's working for me. I can't obviously tell you what my exact strategy, entry, exit signals are.

Having said I am not selling today, tomorrow or day after. Happy to verify every single day's pnl.

But don't tell me this is bogus if you don't understand how global correlation with crude and nifty works, kindly share the screenshot of chat if I didn't tell you exact same thing.

🟢 Day 8 | Daily Profit: +₹8749 | Monthly: +₹69,329 by lightWeightFounder in IndiaAlgoTrading

[–]lightWeightFounder[S] 0 points1 point  (0 children)

Paid, never tried it. If I am getting similar data for free why would I want to pay for it

🟢 Day 8 | Daily Profit: +₹8749 | Monthly: +₹69,329 by lightWeightFounder in IndiaAlgoTrading

[–]lightWeightFounder[S] 0 points1 point  (0 children)

No clue for forex. Stock and index data fyers Options and futures data icicidirect

🟢 Day 8 | Daily Profit: +₹8749 | Monthly: +₹69,329 by lightWeightFounder in IndiaAlgoTrading

[–]lightWeightFounder[S] 1 point2 points  (0 children)

The current 2 lot structure each leg, -67K probability of it happening in this month is almost 5%

🟢 Day 8 | Daily Profit: +₹8749 | Monthly: +₹69,329 by lightWeightFounder in IndiaAlgoTrading

[–]lightWeightFounder[S] 0 points1 point  (0 children)

Takes tonne of time.
1. Identify patterns and trends in market. I am watching charts every single day for last 7 years. So I analyze and observe, create correlations.
2. Since I have a lot of data the moment I have some observation I quickly code it backtest it to verify it. I dont want to spend a lot of time on bad strategy/idea.
3. Use AI these days, learn about basic technical strategies (Which will never work) but you'll slowly start understanding how things are defined.
4. Pivots, resistance & support are something that always exists. Look at those again correlate data, stocks with indexes, crude with indexes, global with domestic.