My Trading Systems portfolio showcases various models created throughout my career. And some of them will be opensource which I will keep on updating in this space.
GRID TRADING SYSTEM
The Equity Curve Is Shown Below
SYSTEM USAGE – INTRADAY TRADING
DETAILS OF GRID TRADING
Type Of System – Dynamic System
Sample Data – 800 Trading Days
Frequency – 268 Trades
% Return 74.25%
Capital Deployed Rs.100000
Maximum Draw-down 13.6%
Rules of The System:
This is a dynamic system, this will give both BUY and SHORT signals.
Chart to use – Bar Chart
Time Frame – 15 Mins
Few Settings On Chart Screen For Zerodha Users
>> Go to Display >> Choose New Custom Theme >> Select Grid lines Color such that it is easily visible like shown below.
The Grid Size will be automatic and for our purpose we choose the grid size of 1.25% of the Current Market Price.
Suppose the CMP is Rs. 100 then by zooming in the chart we will try to overlay the grid of Rs. 1.25 each.
We will place Buy Trigger Order @ Grid just above the first 15mins BAR and SL will always be 2 Grids Away away from the Entry.
We will place SHORT Trigger Order @ Grid just below the first 15mins BAR and SL will always be 2 Grids Away from the Entry.
This is Explained by the 2 pictures shown below:
Profit Booking can be done by trailing till End of Day ( for best results)
Book 50% Profit at 1R and rest 50% trail till EOD.
Note: Do your own due-diligence before trading this system, I recommend you to back-test it on your own. I will soon be providing Excel Sheets for back-testing various Systems.
I will not be responsible for your Profits and Loss.