Nifty Futures Turning Point (NFTP)

[rkkarnani]

Dear Friends,

It is easy to find the NFTP.

The difficult part is to trade using it.

Suggestions / comments are welcome.

Best Regards,
SKFC

Totally agree with you... fact is any Strategy is difficult to Trade unless you have rock solid Discipline!! The NFTP is changing every day. How is it used to carry the trade we already are in as per some previous NFTP! The changed level of NFTP seems to act as a Trailing SL!
Will try to post a chart.

SKFC, did you do any historical analysis? What is the return since January!!

 

[rkkarnani]

In the chart below the Red line is the NFTP level and broken black lines are Long and Short trade levels!!

Seems good at first glance, but there whips too!!!

 

[SKFC]

Dear Friends,

NFTP is just and experiment since May 2011 and not at all back tested.

Please trade with caution and use proper stop loss.

Understanding of the price movement (smart money movement) with trend / technical indicators like RSI will surely fetch good returns.

A traders gut feeling when entering a trade beats every and all strategies.

We personally prefer to trade with well known, widely accepted and rigorously tested 5DHEMA - 5DLEMA.

No more updates for NFTP.

Trade with caution and confidence.

Best Regards,
SKFC

 

[ajshare108]

In the chart below the Red line is the NFTP level and broken black lines are Long and Short trade levels!!

Seems good at first glance, but there whips too!!!

Dear,

will you upload amibroker afl for the same if you have for backtesting.

thanks in advance