Nifty and Bank Nifty future trading - Time tested strategy

Karanm

Active Member
#41
Folks,

I am starting a new thread on just Nifty and Bank Nifty trading. Though I was not very regular in Traderji, still I am in stock market since 1994. I have tried different methods for trading in stock market and finally got a method that is profitable to me most of the times.

I want to share my strategy with fellow traders in this forum. And if my thread helps fellow traders I will be more than happy.

Please go through my site where I have described my strategy in details.

For those who don't have a time to peep into my site I am describing the strategy here.

Entry: Go long when in the daily nifty chart the following channel crossover happens. 3 mins EMA crosses over 13 mins EMA and 13 mins EMA crosses over 34 mins EMA. Pls note, I mentioned channel crossover. Confirm your position with RSI crossing above 50 and stochastic moving upwards. Pls do not go long when RSI is above 70/80. Your can hold you position end of day also if in the 5 days chart at not allowed here.com/ 70 mins EMA crosses over 1030 mins EMA and stays above it.

Go short when in the daily nifty chart at the following channel crossover happens: 3 mins EMA crosses below 13 mins EMA and 13 mins EMA crosses below 34 mins EMA. Pls note, I mentioned channel crossover. Confirm your position with RSI crossing below 50 and stochastic moving downwards. Pls do not go short when RSI is below 30/20. Your can hold you position end of day also if in the 5 days chart 70 mins EMA crosses below 1030 mins EMA and stays below it.

Exit: The strategy is entry by 1 day chart and exit by 5 days chart. Re entry is only by 1 day chart. Exit long when MACD in 5 days chart enters negative zone. Exit short when MACD in 5 days chart enters positive zone. Re-enter long or short if EMA channel crossover in 1 day chart happens again.

Thus, you can avoid the sideways market whipsaws.

My ultimate strategy: Trade less but trade profitable, earn more and give away less brokerage, bcoz the brokers sucks. So hold onto your position as long as price show an opposite trend.For more details and ******************************************************. Your comments are welcome.

Regards,

Indrajit Mukherjee
Hello Indrajit,

You are explaining us some Statergy or asking for Subsription, Kindly clarify
 
Last edited by a moderator:

vijayanscbe

Well-Known Member
#43
_SECTION_BEGIN("NICK MA Swing");
SetBarsRequired(200,0);

GraphXSpace = 5;
SetChartOptions(0,chartShowArrows|chartShowDates);
k = Optimize("K",Param("K",1,0.25,5,0.25),0.25,5,0.25);
Per= Optimize("atr",Param("atr",4,3,20,1),3,20,1);
HACLOSE=(O+H+L+C)/4;
HaOpen = AMA( Ref( HaClose, -1 ), 0.5 );
HaHigh = Max( H, Max( HaClose, HaOpen ) );
HaLow = Min( L, Min( HaClose, HaOpen ) );
//PlotOHLC( HaOpen, HaHigh, HaLow, HaClose, "" + Name(), colorBlack, styleCandle | styleNoLabel );
Plot(C,"close",colorBlack,styleCandle);
j=Haclose;


//=======================================================================================================================
//=========================Indicator==============================================================================================
f=ATR(14);

rfsctor = WMA(H-L, Per);

revers = k * rfsctor;

Trend = 1;
NW[0] = 0;


for(i = 1; i < BarCount; i++)
{
if(Trend[i-1] == 1)
{
if(j < NW[i-1])
{
Trend = -1;
NW = j + Revers;
}
else
{
Trend = 1;
if((j - Revers) > NW[i-1])
{
NW = j - Revers;
}
else
{
NW = NW[i-1];
}
}
}
if(Trend[i-1] == -1)
{
if(j > NW[i-1])
{
Trend = 1;
NW = j - Revers;
}
else
{
Trend = -1;
if((j + Revers) < NW[i-1])
{
NW = j + Revers;
}
else
{
NW = NW[i-1];
}
}
}
}

//===============system================

Plot(NW, "", IIf(Trend == 1, 27, 4), 4);
Buy=Cover=Cross(j,nw);
Sell=Short=Cross(nw,j);

////////////////////////////////////////////////////////////////////////////////////




//=================TITLE================================================================================================

PlotShapes(IIf(Buy, shapeSquare, shapeNone),colorGreen, 0, L, Offset=-50);
PlotShapes(IIf(Buy, shapeSquare, shapeNone),colorLime, 0,L, Offset=-60);
PlotShapes(IIf(Buy, shapeUpArrow, shapeNone),colorWhite, 0,L, Offset=-55);



PlotShapes(IIf(Sell, shapeSquare, shapeNone),colorRed, 0, H, Offset=50);
PlotShapes(IIf(Sell, shapeSquare, shapeNone),colorOrange, 0,H, Offset=60);
PlotShapes(IIf(Sell, shapeDownArrow, shapeNone),colorWhite, 0,H, Offset=-55);







////////////////////////////////////////////////////////////////////////////////////////////////////


///////////////////////////////////////////////////////////////////////////////////////////////////

enjoy :thumb:
 
#45
Hi,

As I am subscribed to this thread by e-mail, I seen the last comment. So I felt of replying to the comments of vijayanscbe, the esteemed member of traderji. Friends, if u have noted, my last post was on February 2009, after that I never bothered to post in Traderji, just chk my blog statistics, it has enough page views everyday, and I dont need to do cheap marketing as posting my site link to a bunch of jokers in this site.

Friends, I have initially started this thread as sharing info when my site was not a paid site, just giving FREE CHARTS. But I was barred to post link to free Nifty chart. I stopped posting in this forum anymore after Feb 2009, so I am NOT MARKETING MY SIGNALS AS I HAVE GONE PAID ONLY SINCE JULY. But to my utter hatred to this community of unsuccessful traders (read as jokers), pls remember that any AFL (Amibroker formula language) can be built on other with optimising and changing for betterment, does not mean it is cheating OR REPLICA. All AFL are based on basic charts and so on with advancement. I hope u hv understood, if not then pls ignore my site and posts. Pls stop this type of fault finding sessions, and pay attention on your own trading. Hope this will make u more successful in life.

My last word, dont keep searching in this site, to find a HOLY GRAIL!!! As you will never get it at least here. My open challenge, instead of finding faults to my system, find faults in my everyday Nifty levels, I shall be happy to answer your queries.

To Traderji moderators, u r free to delete this thread, as it is an way of cheap marketing and pointing to my blog. Hope u all will find HOLY GRAIL one day :lol:. Good bye.

Regards,

Indrajit
Site: Bolna Mana Hai
 
#47
Dear Indrajit
Thanks for sharing ur technique.
I hav some sincere questions to you
1.From how many days are you practicing this technique?
2.What is the success ratio?
3.What is the actual profit earned by you?
Regards
Shaileshkumar
 
#48
Dear brother
Quite a heavy strategy for a learner new to option. Could you inform the rate of sucessful trades in a calendar month and volume of profit or loss employing this strategy.
Thanks
 

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