For Newbies: An Insight into Fail-Safe Indicator(FSI) trading system.
Fail Safe Indicator is a Trading system which has designed in a excel sheet with pre-defined set of formulas that trigger entry and exits in a market on price value(Open-High-Low-Close) input. FSI requires data of just 7 trading days,which makes it potent weapon in traders arsenal.
it can be used for any stock,Index or any commodity for eg.crude and Nifty 50..snapshot given below
i have data of crude oil in Indian rupees..same can substituted with dollar or vice versa or any price values...here u can look at profits generated by fail-safe indicator with buy-sell points.
how to use the excel sheet indicator
there are 3 components of fail safe indicator for stocks and extra (warning)indicator for index
StopLoss value = this stoploss value is meant for your long or short position,u can also place same stoploss value to your stock portfolio with nifty as reference.
Positional Trend(Pos.Trend)= this indicator tells u whether the market is in daily down trend or daily uptrend,this is meant for short term trading/day traders...since this value changes on daily basis.
Overall indicator = tells us the current mkt trend whether its bear market(shown as sell) or bull market(shown as Buy)..
final indicator meant for index is
Warning indicator = this column tells when to buy the mkt and when to sell the index/mkt..(this is useful to index only, not for stocks)
Fail Safe Indicator is a Trading system which has designed in a excel sheet with pre-defined set of formulas that trigger entry and exits in a market on price value(Open-High-Low-Close) input. FSI requires data of just 7 trading days,which makes it potent weapon in traders arsenal.
it can be used for any stock,Index or any commodity for eg.crude and Nifty 50..snapshot given below
i have data of crude oil in Indian rupees..same can substituted with dollar or vice versa or any price values...here u can look at profits generated by fail-safe indicator with buy-sell points.
Nifty index:
how to use the excel sheet indicator
there are 3 components of fail safe indicator for stocks and extra (warning)indicator for index
StopLoss value = this stoploss value is meant for your long or short position,u can also place same stoploss value to your stock portfolio with nifty as reference.
Positional Trend(Pos.Trend)= this indicator tells u whether the market is in daily down trend or daily uptrend,this is meant for short term trading/day traders...since this value changes on daily basis.
Overall indicator = tells us the current mkt trend whether its bear market(shown as sell) or bull market(shown as Buy)..
final indicator meant for index is
Warning indicator = this column tells when to buy the mkt and when to sell the index/mkt..(this is useful to index only, not for stocks)
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