My trades based on "new way of pivot trading" and vwap

Hi Vijkris
I have gone through your thread & see charts & posts related pivot & 2ma methods..you had done a good job..then why did you leave that method?


why are you not continuing it?it has objective rules which I like to trade objectively without emotions..you used MA exploration To select scrips which are amalagamation of 3 time frames.
.I thought about it 1 year back..but I didnt have any tool to select that..Your MA exploration can help me..could you please tell me how to use it?I dont know much about amibroker..I am using GFDL data..cauld you tell me step by step of how to use MA exploration
thanks

ya.. that exploration is simple. anybody can use it EOD. will guide u , no issues.
I don know ur level of expertise in amibroker. Do I have to explain it from scratch or ...? do u know how to use scan/exploration function in ami?
I had also created a kaamchalao afl of 2ma with pivots. wil share if it is needed.
2ma is a good method, no conflict in that.
2ma is not entirely objective, same like vwap, which is not entirely objective either.
well this thread title itself says "trades based on pivot and vwap".
So whatever be the method, vwap is an indispensable tool.
all my previous charts was posted without vwap, and most of the losses could have been avoided if vwap info was used alongwith 2ma.

normal ma get whipsawed highly in sideways.
Subhip sir's 2ma reduces the whipsaws :thumb: ,
but if u use it 100% objectively, u will get hammered in sideways.
Then subjective analysis like filters specific for each scrip, ERL,VP, Yday range has to be included to make 2ma accurate .

I hope u understood.
for me at any point in time, vwap is less subjective than filters,vp,ERL etc.
moreover vwap is valid even for 3 or 1 min tf,

Thanks Vijkris for your reply
I am just near to anghhotachap in Ami..sorry but yes you need to explain me from scratch even step by step how to explore.
please share 2 ma afl also..will see it how it helps in backtesting..

have you checked..when tend is down in all three timeframes..it does give good move in 3/5 min..means we can trade stock specific..so trade only those scrips which are in trend only..so sideways ka problem nahi..Like todays market..if we can find a way to select scrips/index which is going to give good move..like what nifty did today..
ya for 2ma you are right..if we follow it mechanicalayy, we get losses in sideways..I got your point..thats my main concern also..
so Till now I have been testing one method on one scrip..now I am trying to find highprobaility setups ..& then we can use it on different scrips..

Ya i am doing the same mixing pivot & vwap method & trying to find good high probabilty setups..& trade them only
Thanks

1. ok wil prepare a tutorial, step by step.
2. download 2ma system.afl and exploration.afl from dropbox link.
3. yes when all 3 ma down, most of the time it gives good move. some times nifty stays in sideways, these stocks keep on falling.
Still the challenge is to pick stock.
also common sense has to be used (which I have to gain, apparently ), to find identify whether it is goin down or sideways.
4. a trending stock has a sideways phase b4 continuing the trend, so sideways is not eliminated fully, but yes only high probability stocks can be kept in watchlist.

5. "so Till now I have been testing one method on one scrip..now ", I don remember who but somewhere in this forum i read that, " to trade 1 scrip many methods has to be learnt, but learn 1 method and use it on 100 scrip". i.e 1 scrip cannot trend always, but out of 100 some scrip will trend and use this 2ma on those trending scrip only. :thumb:
thanks

edit: what is forward testing?

Thanks Vijkris for your help
1) thanks for that
2)yes I will do that
3) yes..STOCK Selection is most challenging& difficult also..but we need to see the probabilty...if we can achive 50% accuracy in it..thats enough.
whatever little lossing exp I have told me that we need a method with 50-70% probabilty & 1:2 r;r & we will win the battle
4) yes! even we keep eye on sideways scrips..as when it will break, it will give a very good trending move
5) whole struggle is to find that ONE GOOD METHOD..Vo jis din mil gaya, whole problem solved..
Right now I am just trying to Observe high probailty setups Where we can make objective ENTRY & EXIT RULES To eliminate emotions completelly from my trading,that one setup will also enough
Master one trick..but now need to find out which one is that master trick.
till than My discreationary Price action method which gives lot of emotions & Iwant to get rid of them which is not possible without proper rules & backtested them

Forward testing--its Paper Trading
details are here
Forward Performance Testing Basics
Forward performance testing, also known as paper trading, provides traders with another set of out-of-sample data on which to evaluate a system. Forward performance testing is a simulation of actual trading and involves following the system's logic in a live market. It is also called paper trading since all trades are executed on paper only; that is, trade entries and exits are documented along with any profit or loss for the system, but no real trades are executed. An important aspect of forward performance testing is to follow the system's logic exactly; otherwise, it becomes difficult, if not impossible, to accurately evaluate this step of the process. Traders should be honest about any trade entries and exits and avoid behavior like cherry picking trades or not including a trade on paper rationalizing that "I would have never taken that trade." If the trade would have occurred following the system's logic, it should be documented and evaluated.

Many brokers offer a simulated trading account where trades can be placed and the corresponding profit and loss calculated. Using a simulated trading account can create a semi-realistic atmosphere on which to practice trading and further assess the system.
Thanks

Thanks a lot Vijkris for your help
Its really so nice & great of you to share knowledge & help me .
I hope I did it right..will post snap shot of explore window
Can we explore this in live market?..Or can we see TFs like hourly,15 min & 5 min. I mean can we include 5/3 minutes also
thanks again

Hi Vijkris
Those charts for you..Its just an experiment..where I make some rules & write into paper & give it to my assistant who doesnt know anything about trading to do it mechanically..so when I need to do it mechanically, I dont need computer programme for it as soetimes for risk management, I interfere..
Like on RBI Policy day, I told him to not to take any position during 10:45 to 12 o clock...in friday afternoon session , dont trade..small risk manageent trades.assistant takes all trades in real time & they all are real trades with real money ..I am doing experiment with 4 lot nifty..so All entries & exits are mechanical.
So I am posting those trades..
It was an experiment, if it successful with 4 lots , then I will put more money on it..Its all in & all out trades..no adds, no partial booking..just trade mechanical..
I trade myself discreationary..I am a price action trader..so When I trade ,I consider so many things together & take decision..that method is combination of so many things..but I do feel anxiety when i tade discreationary ,so I am not able to put a big capital on it..so I have been testing diff methods with objective rules..
the trades I was discussing about 95 points & 3 looses today..trades are here..green -buy trades, white circels-exit, red- short trade


thanks