Hello Traders!!
Simple Strategies Work is a open trade log where I share the simple intraday (option buying) trend-following strategies that have proven effective. I’m Amol Bagade, and I’ve made this log public to show that trading doesn’t have to be complicated to succeed—it’s the simple strategies that truly work in real markets.
I believe this trade log will serve as an inspiring resource throughout every trader’s learning and educational journey. Consider this blog as a live simulation experiment demonstrating the strategies.
Please Note: This page is a bit long and may take over 5 minutes to read, but every minute is worth it. Once you finish, you’ll be hooked on this website! Really, you will come here daily to check how the open strategies performed today on the trade log page.
Over the past 10 years of my trading journey, I have explored numerous trading strategies and conducted hundreds of live tests. Ultimately, I have settled on a few simple, short-term trend-following strategies that consistently work. This open log serves as proof of that.
For this blog, I used 2 Renko chart-based (option buying) strategies. I chose Renko brick charts because they’re easy to read, less noisy, and relatively simple to automate. I automated these strategies and demonstrated them using one standard Bank-Nifty lot in paper trading. Please note that brokerage fees and other charges are not included in the profit or loss calculations shown here.
Strategy 1: Bank Nifty Futures 5-Minute Renko Chart
This strategy uses a 5-minute Renko chart of Bank Nifty futures with brick sizes set as per the Average True Range (ATR). Every 5 minutes, the system checks the previous Renko candle:
- If the previous candle is red (negative), it buys an ATM put option and exits when the Renko candle turns green.
- If the previous candle is green (positive), it buys an ATM call option and exits when the candle turns red.
This approach systematically captures trend changes in Bank Nifty futures using Renko bricks combined with option buying for clear entry and exit signals.
Strategy 2: Bank Nifty ATM Options 5-Minute Renko
This strategy uses a 5-minute Renko chart of Bank Nifty ATM options, with each Renko brick sized as per the Average True Range (ATR). Every 5 minutes, the system checks the previous Renko candle on the independent ATM Call and Put options charts:
- If the previous candle is negative (red), the system buys an ATM put option and exits the trade when the Renko candle color changes.
- Conversely, if the candle is positive (green), it buys an ATM call option and closes the position upon a candle color reversal.
This approach allows capturing intraday momentum shifts in Bank Nifty ATM options through Renko bricks with systematic entries and exits based on clear visual signals.
Disclaimer:
The strategies shared above should not be implemented blindly. Proper education and thorough risk management training are essential before trading. Losses are a natural part of trading, and there is no guarantee of profits. Additionally, I am not a SEBI-registered financial advisor, research analyst, or fund manager. Therefore, I do not take any responsibility for any trading decisions, activities, or financial losses incurred by you. Please trade responsibly and at your own risk.
However, use this website to learn about the disciplined approach to trading. And, how that helps in building wealth over a period of time, when you have a simple trend following strategy with a positive expectancy.
One very common question everybody asks – This is based on Renko charts, but, isn’t Renko reprint bricks in the short time frame? Well, it does not affect these strategies. Why, because, I programmed it to not look at the current brick. The logic is to look at the last confirmed brick formed at the end of the selected timeframe and take trade in that direction. Then, what if, it reverse? Well, let it be, this is a trend following strategy. You do not predict the market direction. If in the next time interval check, the brick color is changed, you will just close and reverse the position. And, because the strategies are automated, computer will place the trades without any emotions. And, this works. As you will go through the entire daily trade log you will notice, there will be many loosing trades, but at the end collectively they generate positive results.
If you’re interested in learning more about these strategies—such as how to systematically build new trading strategies with positive expectancy, automate them, explore useful trader tools, and access other related insights—feel free to reach out at simplestrategieswork@gmail.com
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The charts and trading result images on this website were created using Upstox.com and Tradetron.com. I have no commercial affiliation with either of these organisations.