Nifty 8DMA plus minus trading stratagy

#1
I have been back testing Nifty with a simple strategy in order to find an edge in probabilities of trading. I book minimum of 200-280 points in a month. losses are small if you see risk reward ratio.

FRIST you need to see 8Day EMA on Nifty Spot EOD chart.

Let’s say if 8 Day EMA is 7500 on EOD chart so consider its buy level whenever nifty will cross 7500 from below or close above its. keep stop loss of 27 points (7500-27=7473) minimum target always 70 points (7500+70=7570).

If case stop hits just reverse your position and maintain SL as a 8 day ema (7500) minimum target is 70 points (7500-70=7430)

Fallow the same strategy for short trades. whenever nifty will crosses 8 Day ema from above keep SL 27 points and short for minimum target 70 points.

Back tested result says Stop hitting chances is 30-35% that to recovers when we reverse our trade position.

Mostly first to second day itself our 70 point target get achieved... in a month you get 4 to 5 trade opportunity.


Lets share your views
 

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#2
Good idea. One of our members (not active now, but you may remember Ashwani Chaddha) used to use 8DEMA. He also used priceband(8).


BTW, to upload images, upload them on an external website and then paste the link here. Check my signature for instructions about it.
 
#5
Entry is intraday as soon as price crosses 8 ema (let it sustain 2-3 minute for confirmation),,, after order execution place 27 pt stop loss always.

EOD closing above/down 8 DMA is ''Sonepe Suhaga'' :thumb:
 
#6
To reap 100% you have to just fallow levels.... Be discipline, do not listen broker,TV channels, others mkt views, advisory etc. Be a discipline trader and not emotional. Its trade setup.

Wait for 8DMA crossover that's it. risk reward ratio is good for this strategy.

If interested plz reply... I will mail my date wise trade result sheet.
 

jetking

Well-Known Member
#7
latest EOD chart nifty spot closed at 8105 & 8 day EMA is 8091 so cross below 8091 is short with stop near 8118. target 8021
on 1o sep EOD ,the 8 EMA was at 8086,NIFTY spot

on 11th sep it went below the 8 EMA(made a low of 8057,so sell triggered,with SL 8013

on 12sep nifty made a high of 8014,so SL triggered and reverse the position to LONG

so as per your rules,we should be holding long as of now or am i missing some thing?
 

jetking

Well-Known Member
#8
To reap 100% you have to just fallow levels.... Be discipline, do not listen broker,TV channels, others mkt views, advisory etc. Be a discipline trader and not emotional. Its trade setup.

Wait for 8DMA crossover that's it. risk reward ratio is good for this strategy.

If interested plz reply... I will mail my date wise trade result sheet.
looking forward to it\

u can upload it to a site and post the link here
 
#10
@ Jetking Good to see you query...

On 11th shorted nifty below 8086,,, on 12sep nifty made a high of 8014 but we are remain shorted because it was just spike not even sustain for 1-2 min abv 8013. lets wait if it convincingly moves abv 8015

For tomorrow 8DMA is 8091 so initiate your fresh short position below it!!! target comes near 9021 maintain stop at 8118.
 

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