Dynamic Magic Level



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Algo Trading
asl tutorial v20190625, ACPI-Introduction


Dyanmic Magic Levels
User guide

Table of Contents
Dyanmic Magic Levels .................................................................................................................. Update Data ................................................................................................................................ Generate Levels .......................................................................................................................... Use Levels .................................................................................................................................. Capital Management ................................................................................................................... Stock Scanner ............................................................................................................................. Upcoming Updates ................................................................................................................... Contacts & Credits .................................................................................................................... 11


Dyanmic Magic Levels
Advance Magic Level is designed to make trading more helpful for traders.
Features
• Auto generate buy-sell levels for stock Capital Management Stock Scanner


Update Data
Select previous days date and click on calculate button, you must select
previous working day for generating levels for today. it will download
selected date's stock data for calculating dynamic magic levels.


Generate Levels
Just write first 3-4 characters at script combo box, matching stock name will popup itself,
or type 3-4 characters and just press down arrowkey, stock name and all details will show.


Use Levels
Buy and Sell levels will be genrated after you select stock.
Open your trading software/platform, anyone you are using
Mark all price levels generated here for example from buy above to buy targer 3, to
sell below to sell target 3 with the help of Horizontal line or ruler or line, any tool
supported by your trading platform.
Now patiently watch for level breakout with higher high and lower low candle formation
(based on direction of stock moving).
Drawing levels is not necessary, it's only for making things more clear.


Capital Management
Stock market trading is one of the most easy way to ensure an alternate income.
If you calculate proper risk management and use your hard earn capital with discipline, you can definitely earn good frin trading.
Why capital managment is needed some of the points are below
Technical Reason :
Internet problem, your broker's technical problem, it happens.
Emotional Trading :
Decisions driven by human's emotions.
Big Price Changes :
When market is volatile, big price movment can happens. the chances of losing your capital becomes higher
Wrong Entry & Exit :
This happens most of the time, when stock is moving up one thinks to sell it, but stock reaches to sky, Time is also main factor in this, same with the exit.
Not using any Stratagy :
doing trading just as time pass, not studying anything, just buying and selling for self satisfaction there are many other things also above are some common points.
Here that's why we need to use Capital Managment.
Capital management is used to mange your hard earn capital and calculate risk reward ratio.
Enter figure of the capital how much you are invested, and enter risk percentage.
At "Enter Trade Details, enter entry price, stop loss and target, program will calculate, risk reward ratio,
and also calculate how many quantity you should by taking the risk you just entered above.
It will also calculate some other useful things.
If you want to automate whole process, just click

button marked with "C" = calculate.
it will fill entry price, show calculated stop loss and other things.


Stock Scanner
This will show most preferable stock for trading for today, software will give you scanned stock for
both intraday and swing trading.
It may sometime stay blank, if market is sideway or any other reason or sometime will show only
1-2 stocks only depends on market condition.


Upcoming Updates

Dynamic Magic Levels for commodity market.

Combination of Dynamic Magic Level and Astrology.


Contacts & Credits
Contact
:
+91 89108 19883
Credits:
My dear Students, because of your love and blessing.
Without your support and encouragement this wouldn't have been possible.

Document Outline

  • Table of Contents
  • Dyanmic Magic Levels
    • Update Data
    • Generate Levels
    • Use Levels
    • Capital Management
    • Stock Scanner
    • Upcoming Updates
    • Contacts & Credits

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