Bank Nifty Swing

P

PartTime_Trader

Well-Known Member
#33
#33
humble said:
If possible can you explain the reason for the stoploss at 13130. It's a intraday pivot.


Humble
Click to expand...
A swing system takes its direction directly from Daily charts, but the entry/exit/stop levels from the price action unfolding intra-day .

For direction i look at 2 things, the background trend and if the daily candles are into a rally or decline.

I try to trade every rally & decline but position aggressively during a rally in an uptrend and decline in a downtrend.

Cheers
::thumb::
 
H

humble

Well-Known Member
#35
#35
PartTime_Trader said:
Hello

Got a simple idea after reading the documentation from a new thread by Zuma.

Will call it ZUMA-TREND :)


Nifty 30 Minutes chart with Zuma-Band and buy / sell arrows


Cheers
::thumb::
Click to expand...
Looks nice for trending markets. If possible can you share the AFL or post the chart for October or December of 2012? I felt the ST is very difficult to trade in choppy markets.
 
P

PartTime_Trader

Well-Known Member
#36
#36
humble said:
Looks nice for trending markets. If possible can you share the AFL or post the chart for October or December of 2012? I felt the ST is very difficult to trade in choppy markets.
Click to expand...
Hi Humble

Check for yourself how it will perform with different types of markets & different tickers / time frames. The above SS was with NF & 30 mins TF.

It is a very basic system, with a simple moving average (i removed the ST, retained just the MA and added a buffer band) using 40 for NF & 100 for BNF.

Code: 
_SECTION_BEGIN("ZUMA TREND SYSTEM");

SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
Plot( C, "Close", ParamColor("Color", colorDefault ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() ); 

Per 	= 	Param("Periods",18,15,90,3);
Buffer	=	ParamList("Buffer","20|40|60|80|100|120",1);
Buf 	=	StrToNum(Buffer);
m		=	MA(O, Per);
mL		=	round( (m-(Buf/2))/(Buf/10) ) * (Buf/10);
mH		=	round( (m+(Buf/2))/(Buf/10) ) * (Buf/10);
step	=	(mH-mL)/10;

Buy 	=	Cross(C,mH);			Sell	=	Cross(mL,C);
Buy 	=	ExRem(Buy,Sell);		Sell	=	ExRem(Sell,Buy);
PlotShapes(Buy+2*Sell,colorWhite,0,IIf(Buy,L,H));

Plot(mH, "Hi", colorBlue); 
Plot(mL, "Lo", colorRed); 

Plot(m, "MA", IIf(C > m,colorBlue,colorRed),styleNoLabel|4); 


for(i = 0; i < 10; i++) 
{ 
	L1	=	mL+i*step;
	H1	=	mL+(i+1)*step; 
	PlotOHLC(L1,H1,L1,H1, "", ColorBlend(ColorRGB(127,0,0),ColorRGB(0,0,127),0.1*i), styleCloud|styleNoLabel|styleNoTitle);
}

_SECTION_END();

I code these things as it helps me understand the markets i trade in a better way, i do look at various scenarios not just trending markets :)
As i was tinkering with the code (ST+MA+Swing Pivots) i posted on Zuma's thread,
it seemed to me that the performance will improve if i use a buffer around the MA,
doing this made the MA with bands a better tool resulting in dropping of the ST all together :)

Can definitely improve the performance if you take into consideration the current price action and the type of market you are trading.

Most of my trades are based on price action, swing trades based on daily TF candles,
and for intra i mostly trade with the swing direction, also use smaller TF charts.


Cheers
::thumb::
 
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