▌MCX Financial Planner (MFP) 

MCX Commodity

Symbol

Trailing Stop Loss Points

Max Quantity (Lot Size) for  amount

50 k

1.0 L

1.5 L

2.0 L

2.5 L

3.0 L

3.5 L

4.0 L

4.5 L

5.0 L

Aluminium ALUMINI 2 1 2 3 4 5 6 7 8 9 10
Copper COPPERM 8 1 2 3 4 5 6 7 8 9 10
Crude Oil CRUDEOILM 66 3 6 9 2 5 8 1 4 7
Crude Oil CRUDEOIL 66 1 1 1 2 2 2 3
Nickel NICKELM 20 1 2 3 4 5 6 7 8 9 10
Gold GOLDM 500 1 1 2 2 2 3 3 3 4
Lead LEADMINI 4 1 2 2 3 3 4 4 5
Zinc ZINCMINI 5 1 1 2 2 3 3 4 4
Natural  Gas NATURALGAS 8 1 1 1 2 2 2

 

Assumptions – (1) Maximum 15% of capital can be used for a commodity future contract

(2) Around 4% of capital can be put in risk per trade

Explanation – (1) Let’s assume a trader is having 60,000 rupees. Then, as per financial planner he/she will come in category of 50 k. Hence, he/she can trade 1 ALUMINI, 1 COPPERM, 3 CRUDEOILM and 1 NICKELM only as per UTS signals. He/she can not trade Zinc, Natural Gas and Gold etc.

(2) 50 k means Rs 50,000 (3) 1.0 L means Rs 1,00,000 (4) For more than 5 L capital quantities can be multiplied accordingly.

(3) Trailing stop loss means – (i) Latest closing lowest low of daily-candlestick plus stop loss points for short (sell) trades and (ii) Latest closing highest high of daily-candlestick minus stop loss points for long (buy) trades. Click here to watch video on concept of Trailing Stop Loss

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