Hi, I am looking for a mechanical system for nifty trading with the following requirements
1. Signals should be purely automated. There should be no manual intervention whatsoever meaning the market sentiments, news etc should have no impact whatsoever. I will be trading using RKGlobal broker.
2. Only looking at Nifty futures or options.
3. I am in it for long run and not looking for quick gains. I am looking at 20-40 trades per month at an average although I am planning to trade full time and hence available during market hours.
4. I am looking at 100-200 point per month although I am ready to wait for an year to see these kind of returns on an average.
5. Capital conservation is key and not interested in cheap tricks.
I came across trading system called ACE available at
http://www.tradinganalysis.co.in/ace...amibroker.html.
There system provides clear buy and sell signals (long and short). There are in this business since April 2009 as per their website. A trade signaled given by there system may span for days or even weeks and not purely intra-day. I downloaded their system today and tried it for the first time. It is amibroker based system. The signals are visible in the chart window. I have seen there back testing report and their performance seems very impressive. Their system has given about 1500% returns in 46 months from April 2009 to February 2013. The report is available at
http://www.tradinganalysis.co.in/res...nce_report.pdf
This can be verified by backtesting it for this period although i have not done it as i don't have past data and neither am i proficient in amibroker.
They are charging RS 3000 per month. Live data will cost Rs 2200 extra. Amibroker costs about Rs. 13000.
My intention of posting this is to get guidance from the seniors of this forum. Should i go for this? Can the testing report be believed? Is there anyone here following this system. Can you suggest an alternative? Please feel free to post your opinion. All forms comment is welcome.
1. Signals should be purely automated. There should be no manual intervention whatsoever meaning the market sentiments, news etc should have no impact whatsoever. I will be trading using RKGlobal broker.
2. Only looking at Nifty futures or options.
3. I am in it for long run and not looking for quick gains. I am looking at 20-40 trades per month at an average although I am planning to trade full time and hence available during market hours.
4. I am looking at 100-200 point per month although I am ready to wait for an year to see these kind of returns on an average.
5. Capital conservation is key and not interested in cheap tricks.
I came across trading system called ACE available at
http://www.tradinganalysis.co.in/ace...amibroker.html.
There system provides clear buy and sell signals (long and short). There are in this business since April 2009 as per their website. A trade signaled given by there system may span for days or even weeks and not purely intra-day. I downloaded their system today and tried it for the first time. It is amibroker based system. The signals are visible in the chart window. I have seen there back testing report and their performance seems very impressive. Their system has given about 1500% returns in 46 months from April 2009 to February 2013. The report is available at
http://www.tradinganalysis.co.in/res...nce_report.pdf
This can be verified by backtesting it for this period although i have not done it as i don't have past data and neither am i proficient in amibroker.
They are charging RS 3000 per month. Live data will cost Rs 2200 extra. Amibroker costs about Rs. 13000.
My intention of posting this is to get guidance from the seniors of this forum. Should i go for this? Can the testing report be believed? Is there anyone here following this system. Can you suggest an alternative? Please feel free to post your opinion. All forms comment is welcome.