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 

 

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