Discussion on kolkata meet signal

milkyblack · #81 2nd May 2008, 03:38 PM

Quote:

Originally Posted by vvvv

buddy..get the thing checked by an ami expert...im not an ami expert & i dont want people to trade on my stuff & get false signals.

Thanks a lot for your honest answer

... i will try to get help from Ami experts.... or check the forum under amibroker stuffs...

Regards

SGM · #82 2nd May 2008, 04:49 PM

Quote:

Originally Posted by uasish

another Kolkata Meet indicator with Bands.

Somehow missed this,

Code:

_SECTION_BEGIN("Price");
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", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() ); 
_SECTION_END();

_SECTION_BEGIN("Kolkata Meet - Bands");
//..........................................................................

a = Param("Ang",30,1,100,1);
b = Param("Rs Stop",30,1,100,1);
//{for 60mins Nifty  Fut 30 is default,Lower the Time frame this would be Lower }
a = (22 / 7) * (a / 180);
K = L;
S1=sin(1*a)*K;
S2=sin(2*a)*Ref(K,-1);
S3=sin(3*a)*Ref(K,-2);
S4=sin(4*a)*Ref(K,-3);
S5=sin(5*a)*Ref(K,-4);
Num=S1+S2+S3+S4+S5;
Den=sin(a)+sin(2*a)+sin(3*a)+sin(4*a)+sin(5*a);
j1= Num/Den;
K1= H;
S11=sin(1*a)*K1;
S21=sin(2*a)*Ref(K1,-1);
S31=sin(3*a)*Ref(K1,-2);
S41=sin(4*a)*Ref(K1,-3);
S51=sin(5*a)*Ref(K1,-4);
Num1=S11+S21+S31+S41+S51;
j11 = Num1/Den;
//{Initial Stop for Short}
Plot(j11 + b, "Short_Stop", colorGrey40,styleDashed);
Plot(j11, "Short", colorLime,styleThick | styleDashed);
Plot(j1, "Long", colorBlueGrey,styleThick | styleDashed);
//{Initial Stop for Long}
Plot(j1-b, "Long_Stop", colorGrey40,styleDashed);

//.................................................................................
_SECTION_END();

vvvv · #83 2nd May 2008, 08:33 PM

Quote:

Originally Posted by SGM

Somehow missed this,

Code:

_SECTION_BEGIN("Price");
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", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() ); 
_SECTION_END();

_SECTION_BEGIN("Kolkata Meet - Bands");
//..........................................................................

a = Param("Ang",30,1,100,1);
b = Param("Rs Stop",30,1,100,1);
//{for 60mins Nifty  Fut 30 is default,Lower the Time frame this would be Lower }
a = (22 / 7) * (a / 180);
K = L;
S1=sin(1*a)*K;
S2=sin(2*a)*Ref(K,-1);
S3=sin(3*a)*Ref(K,-2);
S4=sin(4*a)*Ref(K,-3);
S5=sin(5*a)*Ref(K,-4);
Num=S1+S2+S3+S4+S5;
Den=sin(a)+sin(2*a)+sin(3*a)+sin(4*a)+sin(5*a);
j1= Num/Den;
K1= H;
S11=sin(1*a)*K1;
S21=sin(2*a)*Ref(K1,-1);
S31=sin(3*a)*Ref(K1,-2);
S41=sin(4*a)*Ref(K1,-3);
S51=sin(5*a)*Ref(K1,-4);
Num1=S11+S21+S31+S41+S51;
j11 = Num1/Den;
//{Initial Stop for Short}
Plot(j11 + b, "Short_Stop", colorGrey40,styleDashed);
Plot(j11, "Short", colorLime,styleThick | styleDashed);
Plot(j1, "Long", colorBlueGrey,styleThick | styleDashed);
//{Initial Stop for Long}
Plot(j1-b, "Long_Stop", colorGrey40,styleDashed);

//.................................................................................
_SECTION_END();

hi sanjay,
pls clarify sum doubts
1)why K = H & why K is not = C
2)ji = long & j11 = short ( how to use it )
3)how do u practically apply this whole system to practical trading
4)wht will be the buy/sell conditions for this system.have u backtested it on nifty fut

SGM · #84 2nd May 2008, 10:21 PM

Quote:

Originally Posted by vvvv

hi sanjay,
pls clarify sum doubts
1)why K = H & why K is not = C
2)ji = long & j11 = short ( how to use it )
3)how do u practically apply this whole system to practical trading
4)wht will be the buy/sell conditions for this system.have u backtested it on nifty fut

Hello Vikram

Just converted the MS code that was posted by Asishda. If you have any queries regarding as to logic of buy / sell plz direct them to Asishda.

If anyone wants any specific Buy / Sell rules to be included in afl (as arrows) that can be easily done.

Here, H is used for the upper band and L for lower band, C was used in the previous version. For Hourly time frame a fixed SL of 30 points is suggested by Asishda, which is also implemented in the afl.

Regards
Sanjay

lvgandhi · #85 15th May 2008, 04:58 PM

Quote:

Originally Posted by uasish

Plz verify whether this assists,another Kolkata Meet indicator with Bands.

Name:= Kolkata Meet - Bands
.................................................. ........................

b:= Input("Rs Stop",1,100,30);
{For 60mins Nifty Fut 30 is default,Lower the Time frame this would be Lower }
K:= L;
a:= 30;
S1:=Sin(1*a)*K;
S2:=Sin(2*a)*Ref(K,-1);
S3:=Sin(3*a)*Ref(K,-2);
S4:=Sin(4*a)*Ref(K,-3);
S5:=Sin(5*a)*Ref(K,-4);
Num:=S1+S2+S3+S4+S5;
Den:=Sin(a)+Sin(2*a)+Sin(3*a)+Sin(4*a)+Sin(5*a);
j1:= Num/Den;
K1:= H;
S11:=Sin(1*a)*K1;
S21:=Sin(2*a)*Ref(K1,-1);
S31:=Sin(3*a)*Ref(K1,-2);
S41:=Sin(4*a)*Ref(K1,-3);
S51:=Sin(5*a)*Ref(K1,-4);
Num1:=S11+S21+S31+S41+S51;
j11:= Num1/Den;
j11+b;{Initial Stop for Short}
j11;
j1;
j1-b;{Initial Stop for Long}
.................................................. ...............................

How this should be changed for 1,5 and 15 min charts?

gkpc · #86 17th May 2008, 06:02 AM

VERY URGENT HELP NEEDED

Hello all,
I recently started using the indicator with some valuable guidance from rkkarnani about Sl, filter and targets but recently got some losses too.....
Seems i got complacent and took everything for granted abt profits.

But on checking the indicator from January 2007 there are on some days big loss also... (over 100 points in just 6 trades in a day) and net losses when adding ll trades in one monthly Future contract, NOW seeking advise from seniors to improve and reduce losses....The losses are less when some profit is booked early but i also see that i miss VERY BIG earning opportunity also.

The kol.Indicator doesnt seem to be working as smoothly as anticipated by me!!!

Seems SGM's backtest report was correct. I was in my heart just telling the backtest are "bakwaas" but on checking manually i think there is some substance to it.
Work is needed to be done. rkkarnani has suggested to use more indicators in conjunction to minimise whiplashes..... request input from others who might have worked on KolIndictor.
A simple 13/18 period moving average gives equally good results if not better, so request all to give there in put on this.
Regards
gkpc

milkyblack · #87 17th May 2008, 07:52 AM

Quote:

Originally Posted by gkpc

VERY URGENT HELP NEEDED

Hello all,
I recently started using the indicator with some valuable guidance from rkkarnani about Sl, filter and targets but recently got some losses too.....
Seems i got complacent and took everything for granted abt profits.

But on checking the indicator from January 2007 there are on some days big loss also... (over 100 points in just 6 trades in a day) and net losses when adding ll trades in one monthly Future contract, NOW seeking advise from seniors to improve and reduce losses....The losses are less when some profit is booked early but i also see that i miss VERY BIG earning opportunity also.

The kol.Indicator doesnt seem to be working as smoothly as anticipated by me!!!

Seems SGM's backtest report was correct. I was in my heart just telling the backtest are "bakwaas" but on checking manually i think there is some substance to it.
Work is needed to be done. rkkarnani has suggested to use more indicators in conjunction to minimise whiplashes..... request input from others who might have worked on KolIndictor.
A simple 13/18 period moving average gives equally good results if not better, so request all to give there in put on this.
Regards
gkpc

Good you went through the back test and found the flaws early....
But according to me(just my naive thoughts) one has to follow one system, be it moving average/kol indicator or any other indicator.. losses cannot be avoided...
In my view NO ONE can develop a method/indicator which will not have to take losses... as each method and indicator has the most imp thing in it and tht is Stop Loss...
Well how to optimise the indicator I do not know... but only one thing if the indicator is giving you gains "overall" then it should be good right?
Do not get panicked by some series of losses... yes ofcourse if the series gets into the mode of infinite... then one has to change...
Maybe thts why backtest is done...

Even Mr. Vinod's mechanical system... gives series of losses with a 300 to 400pts cumulative losses... but again sticking to tht system has given "good" gains "overall"... but during tht cumulative losses one has to be patient....I understand being patient at those times is very difficult....

As good things takes "sometime" to show result and bad things show result "everytime"

Like drinking milk will show result after some good amount of time... but drinking alcohol will show result quickly(giving a kick)....
Though I am not saying millk is good and alcohol is bad...

Regards

rkkarnani · #88 17th May 2008, 08:34 AM

Quote:

Originally Posted by milkyblack

Good you went through the back test and found the flaws early....
But according to me(just my naive thoughts) one has to follow one system, be it moving average/kol indicator or any other indicator.. losses cannot be avoided...
In my view NO ONE can develop a method/indicator which will not have to take losses... as each method and indicator has the most imp thing in it and tht is Stop Loss...
Well how to optimise the indicator I do not know... but only one thing if the indicator is giving you gains "overall" then it should be good right?
Do not get panicked by some series of losses... yes ofcourse if the series gets into the mode of infinite... then one has to change...
Maybe thts why backtest is done...

Even Mr. Vinod's mechanical system... gives series of losses with a 300 to 400pts cumulative losses... but again sticking to tht system has given "good" gains "overall"... but during tht cumulative losses one has to be patient....I understand being patient at those times is very difficult....

As good things takes "sometime" to show result and bad things show result "everytime"

Like drinking milk will show result after some good amount of time... but drinking alcohol will show result quickly(giving a kick)....
Though I am not saying millk is good and alcohol is bad...

Regards

I love this forum becoz of responces like this!!!!!
Great stuff milky!!! Shall go a long way to help gkpc..... good to have ppl like you here on the form!!!
Very rational responce....
GREAT!!!!!!
Regards
-rkkarnani

rkkarnani · #89 17th May 2008, 08:43 AM

Quote:

Originally Posted by milkyblack

Like drinking milk will show result after some good amount of time... but drinking alcohol will show result quickly(giving a kick)

And may be get kicked on the butt!!!!)

Quote:

Originally Posted by milkyblack

though I am not saying millk is good and alcohol is bad...
Regards

Quote:

Originally Posted by milkyblack

And pray what is this !!!!!!!
lol.....

SGM · #90 17th May 2008, 10:51 AM

Hello Gautam

The System that you are using is totally different (inspite of the same indicator) from the one I had back tested. Maybe you missed the post.

Quote:

Originally Posted by SGM

The afl (version) uses lower band for sell/short and upper band for buy/cover, where as gautam is doing it the other way. (uses Upper band for sell/short and Lower band for buy/cover)

Another difference, it seems from his post that after taking the signal he is ignoring all the other (subsequent) indicator signals till the current position is closed. In other words once in the trade he is using price action for managing the trade and not really bothered about what the indicator is indicating. Quite valid way of doing it.

But the biggest difference will be he stops trading after few trades Profit / Loss targets achieved.

The backtests I did have no implications for your trading. The afl version of Kol indicator with band showed good results on higher time frame (hourly and above) and not so good on lower timeframe.

I don't know how another bunch of indicators will do any good, but I am sure RK will be able to guide you onto your next stage.

Quote:

Originally Posted by SGM

We should not look at an indicator as a complete system.

Can be used for either as only a setup or only an timing signal to be used with diff setups.

Many possibilities, entry / exit / trailing stops, many ways to look at it.

If your objectives are being achieved, why fix something that is not broken. Maybe rework on your profit / loss limits (risk management) which will be based on your objectives.

Now if you are planning for when it will not work / stop working, then the first thing you need to put in place is the acceptable performance criteria for the system, which again will come from your objectives.

Best Wishes
Sanjay