I want customized indicator with scanner on camarilla strategy

vsreeram77

Active Member
#1
Entry for BUY/SELL only in the following
levels :

H3 / H4 / L3 / L4 :
___________________


Indicators used for filtering entries :
_______________________________________

1. EMA 21, EMA 33, EMA 55

2. CCI (14) + 100 / - 100

3. DEFAULT MACD SETTINGS


Upside (Buy Entry ):
____________________

When EMA 21> EMA 33 > EMA 55 Along with
CCI(14) > + 100 , MACD Above zero, we
wait for a price candle to touch either
H3/H4/L3/L4 to take a buy entry

stoploss :
__________

0.5 % below from the camarilla
level at downside.

target :
________

nearby camarilla level at upside.


Downside ( Sell Entry ) :
__________________________


When EMA 21 < EMA 33 < EMA 55 Along with
CCI(14) < - 100 , MACD below zero, we
wait for a price candle to touch either
H3/H4/L3/L4 to take a sell entry

stoploss :
__________

0.5 % above from the camarilla
level at upside.


target :
________

nearby camarilla level at downside.



** Entries strictly at L3/L4/H3/H4

** Exit (stoploss) strictly at nearby below / above
camarilla levels.

** If first entry is profit no more trading

** If first entry is loss, the next entry
can be done

** if both entries loss, no more trading for the day.

** signals after 3 pm can be ignored.

_________________________________________________
 
#3
Upside (Buy Entry ):
____________________

When EMA 21> EMA 33 > EMA 55 Along with
CCI(14) > + 100 , MACD Above zero, we
wait for a price candle to touch either
H3/H4/L3/L4 to take a buy entry
I guess these conditions would occur more at H3/H4 levels than L3/L4 levels ??

Very interesting strategy to indicate continuation or reversal. Keep us posted about it. Good luck.
 

vsreeram77

Active Member
#5
I guess these conditions would occur more at H3/H4 levels than L3/L4 levels ??

Very interesting strategy to indicate continuation or reversal. Keep us posted about it. Good luck.
entry place is exact either H3/H4/L3/L4... at that time, if indicators support we take entry..

per day only maximum 2 trades.
if first trade profit, no further trades on the day
if first trade loss, we take next trade
if second trade also loss, no further trades.
no trades after 3 pm

these are restrictions

entry/exit is strictly at camarilla points.. so we wont see too many occassions..
 

vsreeram77

Active Member
#6
Draw lines as follows, based on previous day's high,low and close values.



H3 = close + (high - low) * 1.1 / 4.0
H4 = close + (high - low) * 1.1 / 2.0

H5 = (high/low) * close

H6 = H5 + 1.168 * (H5 - H4)





L3 = close - (high - low) * 1.1 / 4.0

L4 = close - (high - low) * 1.1 / 2.0

L5 = close - (H5 - close)

L6 = close - (H6 - close)


Buy entry :

Possibility 1 :
_________________

Take a buy entry at L3

Target :

Book at H3

Stoploss :

Add some small spread below L 4, exit buy and go short.

**( small spread means, for crude it is 3 points
copper means it is 30 paisa, lead,zinc,aluminium,naturegas 25 paisa,
nickel 1 rs, gold 10 rs, silver 20 rs)

**( nifty 10 pts, bank nifty 25 pts )



Possibility 2 :
_______________

Take a buy above small spread over H4

Target :

Book at H5, AS target 1 and at H6, as target 2

Stoploss :

close small spread below H3.



Sell Entries :
______________

Possibility 1 :
_________________

Take a sell entry at H3

Target :

Book at L3

Stoploss :

Add some small spread above h 4, exit sell and go long


Possibility 2 :
_______________

Take a sell below small spread below L4

Target :

Book at L5, AS target 1 and at L6, as target 2

Stoploss :

close small spread above L3.

****************************************************************

Money management rules

****************************************************************

1. Per day only max. 2 trades

2. If first trade profit, no more trading

3. If first trade stoploss hits, automatically second trade willbe
active

4. If second trade also stoploss hits, stop trading for the day

5. no new trading allowed after 2.45 pm in NSE and after 10 pm in MCX

6. Close all open trades, which are not hitting either stoploss or
targets, before closing markets.

7. All trades are to be treated as intraday only.
 

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