Auto Buy Sell Chart FAQ
Auto Buy Sell Chart is a ATR Based Trailing Stoploss Trading strategy. Auto Buy Sell Chart is a trend following strategy for system traders which makes money in a trending market and losses in sideways market.
Green Up Arrow represents Buy Signal.
Red Down Arrow represents Sell Signal.
Green Line Represents Trailing stop for Longs on the close of candle (not intraday stoploss).
Red Line Represents Trailing stop for shorts on the close of candle (not intraday stoploss)
Filter : 200 EMA (yellow line) acts as a Auto Buy Sell Chart filter to remove some of the noise in the trading signals
- Signals are Non Repainting means the Buy and Sell Signals are decided based on the close of the candle.
- Time left feature is added to track how many seconds left for the candle to close.
- Live Market Guru Dashboard tracks the Auto Buy Sell Chart Signals across different timeframes.
- Sentimental Dashboard which track the sentiment in the market. for more details about how to use the info about the market sentiment view below.
- Itrend Ribbons (Red and Green Band) below the candlestick charts.
200 EMA Filter
Auto Buy Sell Chart is a long/short based system trading concept. however by introducing Auto Buy Sell Chart with 200EMA filter we can filter out some of the unwanted noise in the system. If you want to learn how to trade Auto Buy Sell Chart with 200 EMA filter go thro
Buy– if Auto Buy Sell Chart buy signal continues and candle above 200 EMA
Exit Buy – if Auto Buy Sell Chart shows a exit signal
Short– if Auto Buy Sell Chart sell signal continues and candle below 200 EMA (Red Arrow)
Exit Short – if Auto Buy Sell Chart shows a exit signal
Sentimental Dashboard is added in our live charting section (NSE Signals and MCX Signals Section) to measure the strength in the market. Sentimental Dashboard shows 8 historical values for Multiple Timeframes like 15min, Hourly and Daily). And the reading ranges between 0-100. The right most meter indicates the most recent value.
Increasing reading indicates the possibility of market moving in uptrend and decreasing value indicates a possible downtrend. One can adopt 15min to capture very shorter term movements in the markets(short term intraday especially for holding position ranging between 15min – 2 hours). However 60 min sentimental will give more clarity about the trend for any day (This for traders holding their position anywhere ranging from 1 hour – 8 hours). And Daily Sentimental Meter will give more clarity about the carry forwarding positions to next day.
This sentimental dashboard make sense more for discretionary traders who wants to enter the trend at the earliest and exit closer to the top however it does not benefit much for System Traders.
What is the Timeframe Shown in the Above Charts
It is a 10 min charts and update every 10 min with limited historical data. Alternatively you can use free Interactive Charts or subscribing to our premium trading platform services to get more control over charts, custom timeframes, custom Indicators and professional customer support.
Is Auto Buy Sell Chart a Intraday Trading Strategy?
No Auto Buy Sell Chart is a carry forward strategy and not a intraday trading strategy. If you are trading Auto Buy Sell Chart then you have to carry forward your position every day, every week.
How Intraday players can take advantage of this strategy?
Sentimental dashboard helps the people in Trading Decision on how to play the intraday trend.
What is the Winning Ratio of the Trading Strategy in the Past?
From the past historical data, winning ratio ranges between 38-44% in the long run for different trading instruments after brokerage, slippage and other taxes. However if you are planning to trade this strategy backtest the strategy from your end to understand the nature of the trading system.
What is the maximum continuous losses the trading system can yield?
Since 2010 after backtesting in Nifty Futures (10min data) it is inferred that till to date 8-10 consecutive losses are possible and and may vary for different timeframes and different trading instruments.
How to Enter and Exit?
Entry should be based on the completion of the close of 10min Bar Candle. Trade should be executed with 5secs once the 10min candle complete. Trade should not be executed before the completion of 10min bars.
Can i trade using the live Buy or Sell indicator?
Charts shown in Live Market Guru is to study the nature of the trading system to improve your knowledge on trading system. If you are trading based on these buy and sell signals then do it at your own risk. Live Market Guru won’t be responsible for the losses incurred.
How to Trading using the Multitimeframe Dashboard?
Multitimeframe dashboard is shown here to observe what is happening in the other timeframe. However Auto Buy Sell Chart is not a multitimeframe strategy and higher timeframes often involves higher risk. Its better to stick with 10 min timeframe for a better risk control in long term.
Disclaimer : The charts shown here is purely for educational purpose to study the market behavior with Auto Buy Sell Chart indicator. Buy and Sell Signals are not meant here to take real trades. If you are trading based on these buy and sell signals then do it at your own risk. Live Market Guru neither be responsible for accuracy of the data nor the losses incurred.