MCX Intraday Crude Oil Trading system ( for Paper Trading)
Crude Oil offers high LIQUIDITY and excellent opportunities to PROFIT in nearly all market conditions. It offers two unique advantage :-- 01. Extremely competitive spreads 02. Excellent Leverage . Zerodha offers up to 40 x leverage on BO/CO. DM @bhansaliMds for any inputs. 1. Work on 15 Min. Candlestick Chart of Crude Oil – MCX 2. Locate highest volume bar between 10 AM to 5 PM 3. Pen Down Traded Volume ( X ) of that bar. 4. Multiply this volume by 2 ( =2X ) 5. Watch live charts after 5PM for the candle having 2X or above volume. We call this candle – Trigger Bar ( TB) 6. Add 5 points as buffer before placing Buy and sell order on TB . 7. Keep Risk Per Trade ( RPT ) constant. 8. Once one order trigger , other order will work as Stop Loss Order. 9. Exit at End of Day or 1R