@AP thank you

Q1. Which commodity is most liquid and convinient to trade ( intraday or swing ) with manageable bid/ ask spread..

Q2. Which % value to use for intraday and swing trades for each commodity types ( PnF and Renko)

Q3. What time frame to be used for intraday and swing trades ( candlestick,
PnF and Renko ... will tick chart work here....

Q4. Can OI, TOI and multi TOI features in Opstra and TP Desktop be used for commodities reliably ....

Q4. While backtesting (In Rzone ) is bid ask price is accounted for in entry exit data or its the spot price....

Q5. What time is best suited to trade... 7 pm onwards or right at the exchange opening at 9 am onwards...

Q6. Is option buying most suited or selling while trading options... does theta decay work as good as indexes....

Q7. Which strike to be used for intraday ATM or +- 1 or 2 strikes....

Q8. Which indicators work best for intraday/ swing trades ( candlestick, PnF, Renko)

Life of Intraday trader using definedge products can be defined in one word as FRUSTRATING
Here are the reasons why?

1. The Ultra scanner and ATM scanners have not matured yet but has been introduced to be used by the users. Some trades get executed or skipped randomly.

2. Once the realtime scanners have been started then any change required to be made in trade or setup can only be done by first stopping the scanner and then going thru long process of steps. It should be done dynamically. OI Pulse software can be studied for ideal intraday implementation where in few clicks can make trading so easy.

3. The process without the use of these realtime scanners is very tedious and involve number of steps to execute one trade. And even after execution of trade , managing the trade by adjusting stoploss, target price etc is daunting. The status of executed trade has to be managed by toggling between windows which is again a premitive practice. All the post trade adjustments etc by the user should be available to user on the chart itself. Dhan software can be studied for this kind of implementation.

The work done at definedge in making P&F and renko chart available to users with such ease in understanding is amazing. The work done on library of patterns, scanners, analysis method on these chart s is pioneering in India. But implementation of trade execution process based on these wonderful tools is very premitive in nature and needs tremendous improvement ... more so when thousands of users have been onboarded on definedge securities. Me being one of the intraday users finding it difficult to trade using definedge products.

Presently Definedge has number of products which have been launched and have been categorized for different usage. e.g.
Opstra - for Option users
Rzone - for Equity
Tradepoint Desktop - Equity plus options with facility of auto traders and scanners.
Insight, Forum, radar, mfzone, shelf , buzzar etc - common education cum interaction based apps

The main analysis and trading enabled products of opstra, rzone and tradepoint desktop are somehow not correctly placed for users to subscribe or make full use of. Invariably a user has to subscribe to all of them as the interdependant features are spread over across three apps. e.g. if one is subscribing to opstra and if the user is not subscribing to rzone or tradepoint then he can not anayse the option charts (renko or P&F etc). for that one has to subscribe to other two.

therefore it is suggested that

Make
Rzone purely for equity with all features
Opstra purely for options with all features
Tradepoint to be pitched as premium product having both full features of rzone and opstra + auto trade
rest all supporting apps are availabale to all users.

Right now the model may give more subscription based revenue but is highly disorganised and scattered which may not be efficient practice.....

Also please share your system and logic which you are trying.... I will also post my setup once I am through with the testing and confident about it...

No it was due to condition in exit system... added one more condition in exit which resolved the issue. Please refer to Mr Prashant post in telegram group

The issue in lesson 3 of multiple trades have been resolved by adding one more condition in exit criteria... Thanks to Mr Prashant.

Thank You Mr Prashant for kind words.....
I will keep posting whatever I experience with an aim to help your team make auto trading in definedge productive and efficient. I believe that objective nature of P&F and Renko charts can be a game changer in auto trading.

I am testing on .02 percent and tick time period

and using Camarilla levels for booking profits on a trendy move

Testing Renko based on Nifty Fut..... Long entry - one back , two back, swing and zig zag brk out above VWAP of different periods...... exit on crossing below VWAP....... Short entry is opposite of this

Aim is to Share Experience and lessons in Auto Trade System with intention to improve and invite Suggestions.

LESSON 1
a. Use Tick Time Frame as it removes possibilities of reprinting thereby giving absolute values for system to take decision.
b. Renko Charts may suit the system better.
c. Backtesting may not be possible as there is no Tick Timeframe available and Tick data is only available for last 6 days.
d. Backtesting on 1 min timeframe is not same as or close to Tick timeframe testing.
e. Intraday trading may be done free of emotions using auto trade.
f. System building using Basic patterns and indicators can work beautiful well.
g. Futures give better results than options. Stocks not tried yet.

Lesson 2

a. We can use Two separate Ultra scanner one each for Long and Short Trades ( for Fut) linked to same auto scanner
b. Both Ultra scanner should have separate Strategy Id.
c. Auto trade engine can have two separate strategy id on same Group.
d. If want to experience trade triggering without actually taking trade then keep position size high in auto trade engine so that trade is triggered and logged with buzzer but is rejected.
e. If trade is triggered automatically and one wants to book profit before exit is triggered then it can be done manually. But then remember to clear trade logs in auto trade engine otherwise it will keep showing open position and fresh position
will not be taken if triggered.

LESSON 3

a. There are instances of multiple trades getting initiated due to some bugs rt now. It has been shared with definedge with logs to examine. Meanwhile be alert when the brick is forming near some indicator that you have chosen. If price sticks around that Indicator then I have experienced multiple trades getting triggered in fraction of time.

b. Build a system in system builder to avoid multiple trades as cost of Taxes and Charges are really high. Or use a bit higher qty to optimize on charges. Definedge though settles brokerage with the wallet but that facility can be enjoyed till you have points in wallet.

c. Keep booking profits in Intraday trades. Preferable to trade in multiple of two lots and book one at 1R as advised by AP Sir and trail the balance.

d. If trading Nifty Fut then I have observed that it can give you 10 to 20 points in a move after entry. So booking some at 10 to 20 points gain may be useful.

e. Camarilla levels ( which can also be applied on Renko) are a great help to determine the target.

f. Intra VWAP is not plotting on Renko.