Pratap has written a TDST code which plots TDST lines on multiple timeframes in a single chart. I suggest that people can practice with TDST plotted by above AFL....once they master it then I will share multi timeframe TDST AFL.
For this AFL thanks to Pratap...my AFL coding expertise is big ZERO.
ST
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Originally Posted by dell View Post
st da , thanks for reply , u are always there when we need some advice and help ....
sir is there any mechanical system is designed around tdst ?
also sir , is system type " bought on oversold and sell on overbought " works in long run ?
i have read pratap sir vwap theory and ur points to trade it and also practice it nearly three months , but sir how we convert it in a mechanical way ?
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I am not a big follower of totally mechanical trading systems mainly because I have not found a fully mechanical system with low drawdowns,small stoplosses and high Reward to Risk ratio which I must have in all methods I trade. I always found that totally mechanical systems give mediocre results.But there are many who make a great success by trading totally mechanical systems and I admire them .No wish to start a debate of mechanical Vs discretionary .....
Smart_trade
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http://www.traderji.com/futures/91950-day-trading-futures-165.html#post936050
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Originally Posted by vssoma View Post
dear ST,
will this works with TF-5min only or will it work with lower TF like 1,2 and 3
because i'll work with lower time frames mostly.
================
It works with small timeframes of 1,2,3,10,15 min as well as 30,60 and daily and even weekly timeframes. Higher the timeframe ,larger stops and larger move,lesser trades....but it works beautifully on 1 and 3 min also.
Smart_Trade
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Originally Posted by rockyrobust View Post
@ ST bro , are you using the AFL for this setup prepared by PERL [mostly available at online resources] or some other new AFL ?
================
This is done with an AFL which I posted few posts back. You have to go to parameters and make first 2 options (of show 1 to 8 nos and show TD points) as NO . This will give you clean chart.
I have Jesson Pearl AFL also which is good and you can use the same but it makes Ami very slow.
Smart_trade
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Originally Posted by techtrader2 View Post
ST where is the multi time frame AFL for tdst by pratap?
================
Not posting till I am convinced that people trade with the single timeframe AFL well. I still use single TF .Let people put up charts to prove that they are using it...else one more addition to AFL bank.....AFLs dont make money, a trader handling the AFL makes money if he is a good trader..
Smart_trade
================
This AFL does not repaint nor it looks into the future. About TDST lines( Blue and Red lines ), the lines are drawn after 9 set up bars are complete and hence it has no possibility of repainting.About yellow lines I am not sure what these lines are...
Smart_trade
For this AFL thanks to Pratap...my AFL coding expertise is big ZERO.
ST
================
Originally Posted by dell View Post
st da , thanks for reply , u are always there when we need some advice and help ....
sir is there any mechanical system is designed around tdst ?
also sir , is system type " bought on oversold and sell on overbought " works in long run ?
i have read pratap sir vwap theory and ur points to trade it and also practice it nearly three months , but sir how we convert it in a mechanical way ?
================
I am not a big follower of totally mechanical trading systems mainly because I have not found a fully mechanical system with low drawdowns,small stoplosses and high Reward to Risk ratio which I must have in all methods I trade. I always found that totally mechanical systems give mediocre results.But there are many who make a great success by trading totally mechanical systems and I admire them .No wish to start a debate of mechanical Vs discretionary .....
Smart_trade
=================
http://www.traderji.com/futures/91950-day-trading-futures-165.html#post936050
=================
Originally Posted by vssoma View Post
dear ST,
will this works with TF-5min only or will it work with lower TF like 1,2 and 3
because i'll work with lower time frames mostly.
================
It works with small timeframes of 1,2,3,10,15 min as well as 30,60 and daily and even weekly timeframes. Higher the timeframe ,larger stops and larger move,lesser trades....but it works beautifully on 1 and 3 min also.
Smart_Trade
================
Originally Posted by rockyrobust View Post
@ ST bro , are you using the AFL for this setup prepared by PERL [mostly available at online resources] or some other new AFL ?
================
This is done with an AFL which I posted few posts back. You have to go to parameters and make first 2 options (of show 1 to 8 nos and show TD points) as NO . This will give you clean chart.
I have Jesson Pearl AFL also which is good and you can use the same but it makes Ami very slow.
Smart_trade
================
Originally Posted by techtrader2 View Post
ST where is the multi time frame AFL for tdst by pratap?
================
Not posting till I am convinced that people trade with the single timeframe AFL well. I still use single TF .Let people put up charts to prove that they are using it...else one more addition to AFL bank.....AFLs dont make money, a trader handling the AFL makes money if he is a good trader..
Smart_trade
================
This AFL does not repaint nor it looks into the future. About TDST lines( Blue and Red lines ), the lines are drawn after 9 set up bars are complete and hence it has no possibility of repainting.About yellow lines I am not sure what these lines are...
Smart_trade
