created : 7 months ago| | live deployment: 9
Glistering Gold is strategy for MCX Gold Mini Future. This is purely an intraday strategy. It identifies momentum trading opportunities in MCX Gold Mini contract based on certain parameters and Technical Indicators. It factors in historical movement of Gold mini contract and based on that continuously looks for the right time and price to enter the trade.
It will trade on both Short and Long side of Gold mini. This strategy may not trigger trades every day. However it will wait for the opportunity and take position only when the right conditions are identified based on parameters. After the recent changes there are very less trades expected in this strategy so plan to deploy only if you are comfortable with the trading style.
This Strategy has target of Rs. 1,400/- per trade on 1x multiplier. Since Gold movements are very fast there might be a difference of about +/-100 in the actual trades.
This Strategy has a fixed stoploss of Rs. 1,200/- per trade on 1x multiplier. Since Gold movements are very fast there might be a difference of about +/-100 in the actual trades.
Capital Requirement :-
This Strategy requires Rs.5,000/- margin with 10x leverage. Check with your broker what is the leverage you get for intraday MCX trades and calculate capital requirement accordingly.
We suggest keeping MTM buffer of Rs. 3,000/- so Ideally maintain a capital of Rs, 8,000.- for this strategy for 1x multiplier.
The Strategy doesn't have any upfront fees.
There will be 10% profit sharing monthly. The profit sharing amount will be calculated based on cumulative gross profit across all our strategies. For example in Glistering Gold (This Strategy) there is profit of 20,000. For our other strategy there is monthly profit of 15,000 and in one more strategy loss of 5000.
In the above case amount of profit will be considered as 20,000+15,000-5000 = 30,000. So profit is considered as cumulative across all strategies.
Profit Sharing Discount:-
For all the users having trading account through us with our Broking partner there is no profit sharing upto Rs.20,000/-.
Profit sharing applicable only for profit beyond Rs.20,000/- per month cross all our strategies.
To Open trading account through us you can message on telegram or email us.
Telegram Channel: https://t.me/Finance_Acharya
Telegram Group: https://t.me/joinchat/UYf9BxqCusNmoi049opYJA