Niludeepak : 15 Min Time Frame Trading in Nifty

Just a dumb question
8 bar high means, buy when price crosses the highest of last 8 bar?

as suggested by onlinegtrash, i ve made a necessary correction in the title of my new thread

this strategy is for a bit active trader following 15 min bars, and applied on nifty spot

very simple :


step 1 : buy (SAR) when price goes above 8 bar (15 min) high

step 2 : sell (SAR) when price goes below 8 bar (15 min) low


other than 15 min bars don't give good returns ( i ve tried almost all periodicity)

bactested result sheet :

http://www.4shared.com/file/agLiMxnI/15_min_turtle_bactested_result.html

summary :

losing trades : 234
lost rs : 1,43,37,460

winning trades : 165
earned rs : 1,70,74,944

net profit : 27,37,484


afl goes as :

p=8;
Buy=Cover= C > Ref(HHV(H,p),-1) ;
Sell=Short = C < Ref(LLV(L,p),-1) ;

pl. find time to have a look at excel sheet at 4 shared and to backtest the afl in ur own data and timeperiod.

backtesting settings r :
initial capital 1 lac
min shares 20
round lot 20
margin 10%
brok, comm etc not included
no SL or profit booking points
all profits put back to buy more no of shares

this thread is for information and fun, any losses incurred is the sole responsibility of the person doing it.

i m following this indicator (NILUDEEPAK INDICATOR) since last few months in my trading, of course i don't follow it as emotionlessly as a computer can, nor with such a huge capital, and not putting all the money back into the system, BUT it has shifted me into a new domain of trading.

thanx all.

pl. comment

If I am looking at the sheets correctly, row no. 367 in the excel sheet - 439 days after you started trading your capital has reached to 67 lacs.
which in next 85 days loses approx. 60% of its value to settle at 28 lacs ? Am I correct ? Then there must be something to fix this anomaly with lesser effect in profits .

hi,
No. 8 looks lucky for you (kidding)

I said this in the last thread, again, can you put the entire report.

From your excel sheet here, what i saw is, the profits went as high till 68Lakh approx
and from der it went down till 28 Lakh. So its arnd 40L drawn down.
40 Lakh drawn down may not be big, as it already earned 68Lakh, But what if someone started at that peak point, when the system started to give up.?

Also quantity went as high as 13280. For minifity its 664 Lots. Doubt if NSE allows to buy this much for an individual.

Bro , I am not criticizing the system, its simple , and a gud initiative, but try to make it more practical.