Modified SH's 315 Strategy by Santhosh2010

[masterstroke]

no msg from santoshji ??

 

[MMSHAH]

Excellent work Santoshji.............Have you tried to use the Modified 315 system with Multiple Time Frames?

 

[toughard]

Dear santhosh2010,

Greetings, This strategy may be invented or discovered by you :thumb:, but many years ago a Technical Analyst name Jeffrey Kennedy from Elliot Wave International was apply this in his research as he told in his tutorial videos which I saw many years back on internet. He mainly use Simple moving average(SMA) & you use Exponential moving average(EMA) that is the only differance . Google it.

This system is good in choppy but nothing special, trade this system & you may learn .

Regards

if you could have been posted you views and arguments...good...

No one needs any special system... we all NEED THAT SOMETHING SIMPLY WORK...

choppy and whipsaws are integral part of any system...
as all thing are derived from price WHEN PRICE IS IN CHOPPY MODE then what else will work....???????


what one can do is to ad some good filter like some one said ADX...
or previous LOW OR HIGH... ADX will not result in delaying the entry in this case...

what I prefer is, make a quick LONG entry when 3EMA crossed above 15LEMA with even lots keeping 15HEMA as first target with 50% of lots then trail the rest and vice versa for short ENTRY... for intraday with 3 or 5 MIN chart...

 

[MMSHAH]

It will be FOOLHARDY to Lock our Brains and tell " No one needs any special system... we all NEED THAT SOMETHING SIMPLY WORK..."

My suggestion was also quite simple. Say on the daily charts, the trend is up on Nifty since Feburary and we take only buy signals on the hrly time frame.

In an uptrend, dips are small and there is no point in taking shorts as the profits from them will be either too small or we run a risk of taking a loss.

Instead, we only take long positions when the trend on the higher time frame is up and only take shorts when the trend on the higher time frame is down.

It is always important to keep an open mind.

 

[toughard]

It will be FOOLHARDY to Lock our Brains and tell " No one needs any special system... we all NEED THAT SOMETHING SIMPLY WORK..."

My suggestion was also quite simple. Say on the daily charts, the trend is up on Nifty since Feburary and we take only buy signals on the hrly time frame.

In an uptrend, dips are small and there is no point in taking shorts as the profits from them will be either too small or we run a risk of taking a loss.

Instead, we only take long positions when the trend on the higher time frame is up and only take shorts when the trend on the higher time frame is down.

It is always important to keep an open mind.

you are right...BUT my point is NOT contextual... its about the system NOT on trades... once the system is in place then the trend and other thing will be automatically followed easily... now thats an open mind:thumb:

 

[toughard]

what i found is that the better way to make use of this style of cross is to plot MA's in multiples...

for ex-

if you are trying plot cross of 5 and 8 its WRONG...
you should plot 5 and 10

8EMA and EMA13 is WRONG
8 and 16 is right...

the bottom line is EMA2 should be double in MINIMUM of EMA1 to avoid delayed signals/extended lag!!!

 

[Profittaker]

Just i modified the SH's 315 Strategy for " avoid the whipsaws "

_SECTION_BEGIN("MA Cross");

//Modified SH's 315 Strategy by Santhosh2010
// Traderji id :Santhosh2010

e1=EMA(C,3);
e2=EMA(H,15);
e3=EMA(L,15);

Plot(e1,"",colorYellow,styleDashed |styleThick);
Plot(e2,"",colorLightYellow,styleDots );
Plot(e3,"",colorLightYellow,styleDots );

b1=Cross(e1,e2);
s1=Cross(e3,e1);
Buysetup=Flip(b1,s1);
Shortsetup=Flip(s1,b1);
trend=IIf(BarsSince(Buysetup)<BarsSince(Shortsetup ),1,0);
Col=IIf(trend==1,colorGreen,4);
SetBarFillColor(Col);
Plot(C,"Close",Col,64);

_SECTION_END();

Dear Santhosh,
Can yo create metatrader mq4 file for this method?

 

[aman472]

Mr Santosh2010,

Pls I need your help in your modified 315 Strategy.

As I am in the process of Automate my trading I think your modified strategy
will work excellently in all types of markets.

pls modify it so that it gives a "BUY" signal when the Yellow line is Above
the two white lines & give sell signal when the yellow line is below the two
white lines.

_SECTION_BEGIN("31515_EMA_Crossover");

e1=EMA(C,3);
e2=EMA(H,15);
e3=EMA(L,15);

Plot(e1,"",colorYellow,styleDots |styleThick);
Plot(e2,"",colorWhite,styleDots |styleThick);
Plot(e3,"",colorWhite,styleDots |styleThick);

b1=Cross(e1,e2);
s1=Cross(e3,e1);
Buysetup=Flip(b1,s1);
Shortsetup=Flip(s1,b1);
trend=IIf(BarsSince(Buysetup)<BarsSince(Shortsetup ),1,0);
Col=IIf(trend==1,colorGreen,4);
SetBarFillColor(Col);
Plot(C,"Close",Col,64);

_SECTION_END();

 

[aman472]

Mr Santosh2010,

As you have mentioned you are from salem in tamilnadu,

I am about 100 kms from your place. If you wish i can come & meet you personally so that i can learn from you.

Pls your phone number or mail Id.

 

[Profittaker]

Mr Santosh2010,

Pls I need your help in your modified 315 Strategy.

As I am in the process of Automate my trading I think your modified strategy
will work excellently in all types of markets.

pls modify it so that it gives a "BUY" signal when the Yellow line is Above
the two white lines & give sell signal when the yellow line is below the two
white lines.

_SECTION_BEGIN("31515_EMA_Crossover");

e1=EMA(C,3);
e2=EMA(H,15);
e3=EMA(L,15);

Plot(e1,"",colorYellow,styleDots |styleThick);
Plot(e2,"",colorWhite,styleDots |styleThick);
Plot(e3,"",colorWhite,styleDots |styleThick);

b1=Cross(e1,e2);
s1=Cross(e3,e1);
Buysetup=Flip(b1,s1);
Shortsetup=Flip(s1,b1);
trend=IIf(BarsSince(Buysetup)<BarsSince(Shortsetup ),1,0);
Col=IIf(trend==1,colorGreen,4);
SetBarFillColor(Col);
Plot(C,"Close",Col,64);

_SECTION_END();

Dear aman472,
Try this code.

_SECTION_BEGIN("MA Cross");

//Modified SH's 315 Strategy by Santhosh2010
// Traderji id :Santhosh2010

e1=EMA(C,3);
e2=EMA(H,15);
e3=EMA(L,15);

Plot(e1,"",colorYellow,styleDashed |styleThick);
Plot(e2,"",colorLightYellow,styleDots );
Plot(e3,"",colorLightYellow,styleDots );

b1=Cross(e1,e2);
s1=Cross(e3,e1);
Buysetup=Flip(b1,s1);
Shortsetup=Flip(s1,b1);
trend=IIf(BarsSince(Buysetup)<BarsSince(Shortsetup ),1,0);
Col=IIf(trend==1,colorGreen,4);
SetBarFillColor(Col);
Plot(C,"Close",Col,64);

Buy = b1;
Sell =s1;
Buy=ExRem(Buy,Sell);
Sell=ExRem(Sell,Buy);

PlotShapes(IIf(Buy, shapeSquare, shapeNone),colorGreen, 0, L, Offset=-40);
PlotShapes(IIf(Buy, shapeSquare, shapeNone),colorLime, 0,L, Offset=-50);                      
PlotShapes(IIf(Buy, shapeUpArrow, shapeNone),colorWhite, 0,L, Offset=-45); 
PlotShapes(IIf(Sell, shapeSquare, shapeNone),colorRed, 0, H, Offset=40);
PlotShapes(IIf(Sell, shapeSquare, shapeNone),colorOrange, 0,H, Offset=50);                      
PlotShapes(IIf(Sell, shapeDownArrow, shapeNone),colorWhite, 0,H, Offset=-45);

_SECTION_END();