Sip in nifty bees in better way
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Hello Prashant Bhai..
Want to do weekly sip for niftybees by following this method . Can it be automated??
Methods description::
Timeframe:weekly
Chart type: Heiken Ashi
Amount:: investing amount for year/ 52
Eg . 100000/52=1923/weekIf on Friday 3.00 pm ,candle is green than would deploy that money, and if Red than would wait for next green candle.. whenever green candle appears ,will add all earlier red candle installment with it and deploy together.
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It can't be automated as of now. We will make it available in our Algo trading platform.
You can set Buzzar for these conditions and execute when alert is triggered. -
just a thought, when u are doing a SIP wont it help add on red candles. as nifty long term basis is bullish
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@Anshu Prashar
If you add on red candles, you don't know how much down it will go... So average would be on higher side.. but if you buy at green candles, average would be low as it sums up all red candles amount at lower value and ultimately you will earn when it goes up. Hope it helps -
@Prashant Shah
Ok. Thanks Prashant Bhai.. would be waiting about algo to start. And also would need guidance from you about starting definedge platforms in Kolkata city.. if we can start here with your help and guidance it would be great. As we have very limited knowledge ( part time investor) we need initial support from you.
