Saturday, 20 February 2016

Do you trade like this?



Today I have made a small video to demonstrate how a common trader tries to trade without knowing the system or tricks of the trade, and without any discipline and trading rules.  If you are trading this way, I want you to stop trading, spend some time on education and learn the trading. Markets are there forever.

Currently I am working on building an online medium to effectively impart all my knowledge of DP system and trading experience. There will be some sort of price tag attached to it and it will be a step forward in the direction of educating the aspiring traders.  I will make an announcement about it hopefully in next few weeks.

Click here to watch


11 comments:

  1. Nice Look of Blog . This video is very good , waiting for complete learning pkg .

    ReplyDelete
  2. Looking forward for the online programme. Pls keep us updated.

    ReplyDelete
  3. hi,
    I can not view the video.Can hear audio only.
    Thanks

    ReplyDelete
    Replies
    1. Nirmal

      I just checked. It is working fine. No issue at all. Try watching it after some time or from other device.

      URD

      Delete
  4. Amibroker AFL for automatically drawing PDH, PDL and PDC level--


    it draws PDH and PDL level using highest high and lowest low of previous day.



    _SECTION_BEGIN("Price");
    SetChartOptions(0,chartShowArrows|chartShowDates);
    _N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
    Plot( C, "Close", ParamColor("Color", colorBlue ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() );
    _SECTION_END();

    _SECTION_BEGIN("Prev Day High Low Close");

    DayH = TimeFrameGetPrice("H", inDaily, -1);
    DayL = TimeFrameGetPrice("L", inDaily, -1);
    DayC = TimeFrameGetPrice("C", inDaily, -1);

    Plot(DayH, "PDH",colorBlue,styleLine|styleNoRescale|styleNoTitle);
    Plot(DayL, "PDL",colorBlue,styleLine|styleNoRescale|styleNoTitle);
    Plot(DayC, "PDC",colorBlue,styleLine|styleNoRescale|styleNoTitle);
    _SECTION_END();



    HOW TO PUT IT ON AMIBROKER--

    1. On Amibroker, click "Analysis" than click "Formula Editer".
    2.A window will open in which -- On right side box cut past the above AFL.
    3. Than click File, than click Save.
    3. Close the window.

    You will see this AFL in Charts, under Custom.
    If you do not see charts on left side, than click on window and click on chart.


    LIMITATION --

    IF PREVIOUS DAY HIGH AND LOW HAVE LONG TAIL THAN YOU HAVE TO MANUALLY PUT A LINE TOUCHING THE CANDLE BODY AS PER ST SIR'S GUIDELINE.


    Manish.

    ReplyDelete
    Replies
    1. Manish ji, I have done as you said, but it is not marking the PDH, PDL. Is the fault at my end ?

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    2. Sourish Ji,

      Are you able to see this indicator under chart menu.
      Click chart on left side panel, than click on custom. You will find it there. Before the saving of
      AFL give it a name otherwise by default the saved formula in chart menue > custom will be like -- formula 1 or 2 or any number after that.
      If any problem, please write.

      if you find the formula than right click on it and click insert.
      Hope this will solve your problem

      Manish

      Delete
    3. I simply love this formula for bar replay. During the bar replay homework, it provides hassle free work by simply adding lines for next day. So we become free from repeated pausing and drawing line for next day.

      Manish.

      Delete
    4. Manish

      Thanks a lot this input and the formula. Hope it will help lot of traders.

      URD

      Delete
    5. Manish ji, I have been able to install the formula successfully in Amibroker but, it is not marking any PDH, PDL like that, instead it is painting Bollinger band like something on the charts.
      Have a look :
      http://i.imgur.com/MYFXHPm.png

      Please help me out. My mail id : SourishC@Gmail.Com
      Thanks,
      Sourish

      Delete
  5. Hi URD

    Nice look to the blog!!
    Keep it up!!

    ReplyDelete