Profitable trader
I am a profitable trader since years but since last 4 months I have made a good profit of 2.95 lakh using capital of 5 lakh by taking overall trade of more than 250-300 (per day 2-3 trades ) All the trade are in equity
I have found 2-3 Staretgies which has high accuracy of around 60-70% with 1:2 risk reward
I have spent years to found this edge and now I want to automate(algo trading) 1 of my strategies
Can anyone help me? I am also a programmer
You can write a python script to hit angel/zerodha APIs, their docs are pretty simple to understand.
Are they like real time and free?
Pretty low latency, average case sub 100ms worst case 500ms, free to test and try, paid for actual use, zerodha has best non prop/retail APIs, uptime issue is blown out of context too much. Also not expensive.
They're not suitable for 100+ orders per second strategies but OP implies low frequency trades.
What exactly do you need help in ?
Angel is free, most of the brokers except zerodha are free .. Documentation available for all
Some ready made codes snippets you will find in GitHub
Many people use python for automating
Not sure how to start. So suppose ,I have selected 5 stock and want if 5th candle in 1 minutes crosses the 3rd candle (which is red) high then I want to buy with sl of 3rd candle low and overall gain at this point should not be more than 1.5 % with risk reward of 1:2 minimum and then shift my sl to cost to cost. How to code this?
for which cat of stocks you took the trades? blue chip?
Hey @Lazycoder , I am a trader as well. I also trade in equities and index futures(Strictly just index and not stock). I don't do day trade, i do swing trading (1-2 months hold), Positional trading(6-10/12 month hold).
I would suggest you to not focus on algo at all. Your primary focus should be on buying and holding until the trends last. I mean just look out for any successful trader and you will know that 90% have made a massive wealth over the long term in buying and riding the whole trend. No matter how much AI gets advanced there is no alternative for a human eye. No AI can spot the price action like a human eye can do.
IMO focus mostly on strategy that has the potential to make 1:3, 1:10 , even 1:100 RR. Whatever happens in 5 min, 15 min TF is a random noise in a large scheme of things that can generate income for you but can never create massive wealth.
Deploy 25% or maybe even less on Algo's and stuff and focus more on riding the whole trend while it lasts.
Hi bro thanks, can you tell me about your journey like how much return and all
I started four years ago. I started with options like everyone does and lost around 1.75L after initial success. Then moved towards Equity markets. I have been trading in Equity markets for the last 3 years. I am learning in real-time under a mentor whom I met through Twitter, he helped with everything Risk management , Strategies, Psychology.
About returns, for each year depend on the benchmark index and the type of market (Bull, bear). If you see in the last 1 year, Midcap and the small-cap index have risen around 45%, so if I am trading stocks from these indices, my return would be at least 55-60% a year. My goal is to compound my money around 32-35% CAGR year on year. Initially, when your account size is small, for example, 15-25L, you can grow it at a faster pace, even 100%+. As soon as it starts going beyond a couple of crores, you cannot expect such unrealistic returns. Target 28-35% CAGR, and you can't even imagine where you will end up in a few years. Less than 1% of people who are in stock market can do it year on year. Its very diffcult but not impossible. My mentor has been doing the same from last 17 years.
Initially, don't focus on returns. The primary focus should be on strategies, risk management, and psychology. Returns will follow for sure. Whatever methods and strategies you are building upon right now, see if you can replicate those when you have a 50L or 5Cr or even 50Cr account size. Certainly, you cannot do it with day trading. If you seriously wanna pursue trading/investment for the long term and you are ready to look beyond short-term small gains, I can point you in the right direction. Let me know if you need help with it.
I’ll help you program it
Tele: @valk4326
Will you charge bro? And also can you tell me little about u
what are these strategies? if you can't share, can you just tell the broad idea? i too have a strategy working for me but too lazy to do all the math for but it's working well
Shared in reply.
Can you share with me also ...am also a fellow trader and would like to learn