Taiki's Swing-Trading Journal

[PartTime_Trader]

Hello Taiki

Hope I am not disturbing the flow of your thread.

Just had one more point to make.

The cost with the TSL system also is more as it had SL and re-entry (total 400+ trades compared to around 250 with no TSL system)

But even after seeing all these back test results it feels better to our mind, to trade with the Trailing Stop Loss

I may not be of big help on why is it so and how to overcome it

Maybe someone like Jamit can help you on that front

Cheers
:thumb:

 

[prabhsingh]

Today Nifty had made a high of 5977, and fell from that level, If it crosses 5977, Sell should be closed.

For today, fresh buy is above 6015 and Sell is below 5948.

According to the AFL,Spot nifty is buy above 6011 and sell is below 5956.
Taiki,I am assuming the levels given by you are for Futures

 

[Taiki]

Hello Taiki

Hope I am not disturbing the flow of your thread.

Just had one more point to make.

The cost with the TSL system also is more as it had SL and re-entry (total 400+ trades compared to around 250 with no TSL system)

But even after seeing all these back test results it feels better to our mind, to trade with the Trailing Stop Loss

I may not be of big help on why is it so and how to overcome it

Maybe someone like Jamit can help you on that front

Cheers
:thumb:

Definitely you are not disturbing Bro, I have told it better that any sorts of healthy discussion is surely welcome.

I will look into the data that you have posted after market hour, and will take steps accordingly.

By the way I have zero experience with AMI, have not used it so far.

Anyway will check those data once and will comment after that. :thumb:

 

[Taiki]

According to the AFL,Spot nifty is buy above 6011 and sell is below 5956.
Taiki,I am assuming the levels given by you are for Futures

No prabh, They are from Nifty Spot.
As you see the highs of last 3 trading days are 6020.10, 6005.15 and 6018.85. And if you will take the average of them it will be 6014.7, rounding to 6015.

 

[Taiki]

Fresh Buy call triggered.

BUY @ 6015, SL @ 5995, Target 1 @ 6035 (Achieved. Booked for 1 Lot).
2nd lot is still open.

 

[Taiki]

Fresh Buy call triggered.

BUY @ 6015, SL @ 5995, Target 1 @ 6035 (Achieved. Booked for 1 Lot).
2nd lot is still open.

Trailing stop loss for the open position is 6015

 

[Taiki]

Trailing stop loss for the open position is 6015

Trailing SL has been moved to 6035 as Nifty spot has advanced above 6055 from 6035.

 

[prabhsingh]

Here is the updated AFL which will now show correct AVG values.

_SECTION_BEGIN("Taiki's Swing System");

H1 = TimeFrameGetPrice("H",inDaily,1); // High Day 1
H2 = TimeFrameGetPrice("H",inDaily,-1); // High Day -2
H3 = TimeFrameGetPrice("H",inDaily,-2); // High Day -3
L1 = TimeFrameGetPrice("L",inDaily,1); // Low Day 1
L2 = TimeFrameGetPrice("L",inDaily,-1); // Low Day -2
L3 = TimeFrameGetPrice("L",inDaily,-2); // Low Day -3

Hi = (H1 + H2 + H3)/3;
Lo = (L1 + L2 + L3)/3;

Buy = Cross(H,Hi); // Price crosses 3 Day Avg of High
Sell = Cross(L1,L); // Price crosses previous day Low
Short = Cross(Lo,L); // Price crosses 3 Day Avg of Low
Cover = Cross(H,H1); // Price crosses previous day High

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

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

BuyPrice = Hi;
SellPrice = L1;
ShortPrice = Lo;
SellPrice = H1;

SetPositionSize(1,4);// testing for 1 share only ( to get profit/loss value in number of points)
_N(Title = EncodeColor(colorTurquoise) + "Taiki Strategy;"
+ EncodeColor(colorRed) + StrFormat("{{NAME}} ({{INTERVAL}}, {{DATE}}; {{OHLCX}}; {{VALUES}}\n"));
// + EncodeColor(colorBrightGreen) + WriteIf(Buy, "Buy Above : " + H + "; SL = " + L, "")
// + EncodeColor(colorPink) + WriteIf(Sell, "Sell Below : " + L + ", SL = " + H, ""));

Plot(Hi,"Avg3H",colorGreen,styleStaircase);
//Plot(Hi-20,"BuySL",colorGreen,styleStaircase|styleDashed);

Plot(Lo,"Avg3L",colorRed,styleStaircase);
//Plot(Lo+20,"ShortSL",colorRed,styleStaircase|styleDashed);

_SECTION_END();

 

[Taiki]

Here is the link to the google spreadsheet app for calculating Average value of Day's high and Low. The 1st Sheet also contains the current status of any active signal.
2nd Sheet is for keeping track of all the signals that will be generated by the system.
I will update it through out the tasting phase.

https://docs.google.com/spreadsheet/ccc?key=0ApvQxziNY-mbdDc3YkZoR0UtV1E4RWVQSnhuMXdnZEE

 

[Taiki]

Trailing SL has been moved to 6035 as Nifty spot has advanced above 6055 from 6035.

CLosed the position as Trailing SL is hit. Call is closed.

Buy @ 6015,
Lot Size 2
Sold @ 6035 & 6035

Net Gain = 40 points