Trading NR7 setup

[Sunil]

Yeterday Was NR7 day today still now not havin break out etc is market waiting any triger for break out ??

no NR day, as per my data of Nifty Future.........!!!

are you considering Nifty spot?

 

[rohangawale]

no NR day, as per my data of Nifty Future.........!!!

are you considering Nifty spot?

yes sunil
its as per nifty spot.

 

[Satyen]

Hi Sunil i was uising NR7 days as you have documented in your excel sheet is this data from NSE bhabcopy i plan to use nse data in your excel sheet to track NR7 day is it ok ............ ??

 

[rohangawale]

Ticker	Date/Time	Buy	Close	NR7day	insideday	BuyStop	,SellStop,	
SBIN	7/27/2009	1	1711.300	1.00	1.00	1728.13	1694.88

Regards
ken

Kenneth,
just a confusion for me. you mentioned buy stop-1728 and sellstop-1694.

actually it should be entry price if it goes abv 1728 and sl shld be 1694
and
short entry will be if it breaks 1694 downside and sl shld be 1728.

is it right??

 

[Sunil]

Hi Sunil i was uising NR7 days as you have documented in your excel sheet is this data from NSE bhabcopy i plan to use nse data in your excel sheet to track NR7 day is it ok ............ ??

yes, both data of Spot & Fut are as per NSE ONLY & will be ALWAYS

 

[kenneth]

Kenneth,
just a confusion for me. you mentioned buy stop-1728 and sellstop-1694.

actually it should be entry price if it goes abv 1728 and sl shld be 1694
and
short entry will be if it breaks 1694 downside and sl shld be 1728.

is it right??

You are right rohan. When you are waiting for the price to breakout anyside you can initiate the trade using buy/sell stop orders.

Again I would like to say that yesterday NR7 does not qualify for the set up as the volatility ratio is more than 0.5

Regards
ken

 

[rohangawale]

You are right rohan. When you are waiting for the price to breakout anyside you can initiate the trade using buy/sell stop orders.

Again I would like to say that yesterday NR7 does not qualify for the set up as the volatility ratio is more than 0.5

Regards
ken

Ken have u ever backtested the volatility of NR7.
i.e when volatility is >0.5 hows the breakout given and on which side?
and when volatility is <0.5 hows the breakout and on which side its given the breakout??

 

[kenneth]

No Rohan I have not backtested.

Backtesting is being done on http://www.traderji.com/amibroker/28679-tony-crabels-opening-range-formula-16.html

Regards
Ken

 

[rohangawale]

No Rohan I have not backtested.

Regards
Ken

Ken,
if we backtest it using the parameter of volatility then we can exactly know what is the impact of volatility on NR7 days when its>0.5 and < 0.5.
we can use that in our setup of trading NR7.
if the backtested results are good then it cam be used as a thumbrule to chk when NR7 day exists.

if u have the data with volatility just forward me i can do the backtest and give the output by weekend.

 

[rohangawale]

No Rohan I have not backtested.

Backtesting is being done on http://www.traderji.com/amibroker/28679-tony-crabels-opening-range-formula-16.html

Regards
Ken

ok.
in your first post u didnt give the link of backtesting, so i mentioned it.
just now saw the link u have send