|Discuss AFL for Intraday Trading strategy in NIFTY Futures at the AmiBroker within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Dear All, I need AFL for following Startegy... Please help, Thanks in advance. -------- Basic ...|
AFL for Intraday Trading strategy in NIFTY Futures
I need AFL for following Startegy... Please help, Thanks in advance.
Basic set up : 5 Minute NIFTY FUTURES Chart with 1 day backfill.
RSI : 7 period RSI below price chart (Signal line not required) with 75 (overbought) and 25(oversold) lines.
ATR : A 10 period ATR for stop loss.
Risk-Reward – 1:1 or Follow trailing stop loss method.
Note : No fresh trade till 9:30 am or after 3:15 pm.
BUY Signal – After a sharp sell off, when market enters oversold zone (i.e. RSI below 25 reading), stay tight & ready (BUT DO NOT ENTER in to the TRADE right now). I have seen RSI falling to single digit. Once Market is coming out of oversold on candle close basis (do not trade while candle is still forming), Buy above high of that candle after adding 2 points as filter. Stop loss will be 2x ATR . (if ATR is 8 then stop loss will be of 16 points) if 2x ATR is more then days low, you can keep stop loss as days low to save some bucks. Target will be at least 16 points. You can ride on with trailing stop loss method you chose to follow.
SELL Signal – same way, after a sharp rally, when market exits overbought zone (75 reading) on closing basis, go short below low of closing candle (after deducting 2 filter points) with 2x ATR stop loss (or days high) for 1:1 Risk reward or trail your stop loss according to your own method.
|Similar Threads for: AFL for Intraday Trading strategy in NIFTY Futures|
|Thread||Thread Starter||Forum||Replies||Last Post|
|INTRADAY Trading Strategy on NIFTY FUTURES (only)||dipaarti||Advanced Trading Strategies||8||3rd September 2012 12:57 AM|
|Nifty Intraday trading strategy||rohanmane833||Futures||0||19th October 2011 09:40 PM|
|Nifty Futures Trading Strategy||TradingSystems||Futures||206||10th July 2011 03:43 PM|
|Nifty futures Intraday trading system||Nehal_s143||Derivatives||7||7th June 2010 11:06 PM|
|Nifty Futures Trading Strategy-New||ag_fx||Technical Analysis||136||5th May 2009 07:34 PM|
Indemnity, Disclaimer & Disclosure
• By visiting Traderji.com you automatically indicate that you agree to our Forum Rules, Indemnity, Disclaimer & Disclosure Notice and General Content Disclaimer Notice and indemnify Traderji.com, its associates and related parties of all claims howsoever resulting from the usage of the forum/site.
• Disclaimer: Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility. You are recommended to make appropriate enquiries and seek appropriate advise before sending money, incurring any expenses, acting on recommendations or entering into any commitment in relation to any advertisement published here. Traderji.com does not vouch for any claims made by the advertisers of products and services. Traderji.com will not be held liable for any consequences in the event such claims are not honoured by the advertisers. Traderji.com will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of any information by anybody mentioned anywhere on this site.
• Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.
• All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy or legality of any information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. Although we constantly delete all irrelevant content and/or SPAM, if you should find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.