Two candle strategy

[Biswajit Das]

The Chart of LT Futures on 17.09.2012 in 5 min time frame. I have highlighted 6 trades and all the trades were in profit when the condition is met. Chart for your eyes.

http://i.imgur.com/aHaQgbt.png

Total profit Rs.9375/-

Karthik

pls, post today's any chart for learning........

 

[Aarav11]

In what Time Frame did you go through the Intraday Charts?

5 mins charts, and after seeing the charts form kartik i am wrong. thats why i edited my first post.

 

[Vertigo_1985]

this can be coded easily, have you tested it through afl too ?

 

[kumudhan]

...............

 

[Aarav11]

Kathik, Please check 2 black bars at around 12:10 and 12:15 ! Do they qualify for trades? Dont they meet the criteria? Unable to pin point the candle time as I dont have intraday LT chart ?

Even the 2 black candles of 11.40 and 11.45 also qualify for the setup. Right Karthik?

 

[kumudhan]

please tell us about stop loss in detail..

 

[rkkarnani]

Even the 2 black candles of 11.40 and 11.45 also qualify for the setup. Right Karthik?

Yes, it may be 11:35 and 11:40 candles not sure, but those candles seem to qualify for the strategy !
Only Karthik can confirm.

 

[SaravananKS]

Just Posting Images of Karthick for Better Visual

 

[Aarav11]

In todays Nifty Futures 5 min chart i found 7 setup for karthik strategy out of which 4 did not triggered (i.e. price did not crossed high or low of the 2nd candle), 1 resulted in loss and 2 resulted in profit.

 

[Happy_Singh]

Bull = Ref(C,-1) > Ref(O,-1) AND C > O AND L > (Ref(H,-1)+Ref(L,-1))/2;
Bear = Ref(C,-1) < Ref(O,-1) AND C < O AND H < (Ref(H,-1)+Ref(L,-1))/2;
Filter = Bull OR Bear;

PlotShapes(7*Ref(Bull,-1),colorBlue,0, L);
PlotShapes(8*Ref(Bear,-1),colorRed, 0, H);

An Exploration for Amibroker users, can shortlist your fav scrips (20-30) and run this to find the set-up,
maybe just 1-2 minute before the close of candle in your time frame, to get the candidates . . .


Cheers


Happy