The Best Trading System

Revised Code for the same

Long Trigger

#DECLARATION
SET FEMA = EMA(CLOSE,20)
SET SEMA = EMA(CLOSE,200)
SET STOC = SOPK(20, 3, 9, SIMPLE)
# Long Condition
REF(CLOSE,1)<REF(FEMA,1) AND CLOSE>FEMA AND CLOSE>SEMA

Long Exit

#DECLARATION
SET FEMA = EMA(CLOSE,20)
SET SEMA = EMA(CLOSE,200)
SET STOC = SOPK(20, 3, 9, SIMPLE)
#EXIT Condition
REF(STOC,1)>80 AND STOC<80 OR (FEMA<SEMA AND REF(FEMA,1) > REF(SEMA,1))


Short Trigger

#DECLARATION
SET FEMA = EMA(CLOSE,10)
SET SEMA = EMA(CLOSE,200)
SET STOC = SOPK(20, 3, 9, SIMPLE)
# Long Condition
REF(CLOSE,1)>REF(FEMA,1) AND CLOSE<FEMA AND CLOSE<SEMA

Short Exit

#DECLARATION
SET FEMA = EMA(CLOSE,10)
SET SEMA = EMA(CLOSE,200)
SET STOC = SOPK(20, 3, 9, SIMPLE)
#EXIT Condition
REF(STOC,1)<-20 AND STOC>-20 OR (FEMA>SEMA AND REF(FEMA,1) < REF(SEMA,1))

Hi

Not studied it, just a quick glance . . .
so take the feedback with a pinch of salt

Seems that in short trades the oscillator is not coming into play

maybe you need to change the REF(STOC,1)<-20 AND STOC>-20

to REF(STOC,1) < 20 AND STOC > 20 or maybe removing it altogether



Happy

Hi

Not studied it, just a quick glance . . .
so take the feedback with a pinch of salt

Seems that in short trades the oscillator is not coming into play

maybe you need to change the REF(STOC,1)<-20 AND STOC>-20

to REF(STOC,1) < 20 AND STOC > 20 or maybe removing it altogether



Happy

Happy Sir,Wanted your help on one AFL, which thread to ask you?
Dont want to disturb things here as its going so smooth :thumb:

My Trading Concept # 2​

Let me discuss one of my trading system today, I mostly use this for Nifty though this is not the only setup deployed. Let’s take these one by one. You can try this on BNF as well. But I tried only on Nifty. I will give chart on Nifty.

Entry/Exit Mode: Manual, But you can code. But back test with fixed target of +16 point to exit (keep me posted on how it looks), not sure though how you program scratching the trade, that is vital

Time-Frame: 3 min

Target: Fixed +16 points, in case momentum noticed (Candle size, or ELDER Impulse with Red or Green), can trail

Stop-Loss: ST Band or Entry +/- 16 which ever small

Frequency: >= 2 every day (Some days more than 4).

Concept: Trap-dooring short-term or Intra-day trader

Lot-Size: Scalping (I generally go for double digit Lots in Nifty, using 70-80% of my capital, but capital at risk is fixed as the SL is fixed). However folks new to scalping, please try with 2 lot only till you get a hang of the system

Win Rate: > 50% based on my last 50 trades since last 2 months data, 30% scratch (0), 20% Loss (1:1) – So effective win rate is close to 5/(10-3) = 5/7 = 71% with 1:1 R/R.

Out of my 3 odd Nifty trading system, this one is my favorite and yielded max profit

Now let’s get in the details. Apart from above mumbo jumbo it is a very simple setup. I use this as you need lightning speed of decision making for scalp trade.

Component:
1. VWMA (14) [ Used this always, but trying to replace it with VWAP on Kite, shall keep you posted if that improve my performance]
2. Super trend (10,3)
3. CCI (34,-34,34)
4. Elder Impulse Candle on Kite(Not on Pi, optional)


If CCI remains between 34,-34, use Setup 1, or otherwise Setup 2

Setup -1 (Normal Scalping)

Entry: Wait for Whipsaw to happen on VWMA (or a crossover following by a Doji on borderline of VWAP even if not crossed), Enter in direction of ST. Enter on the first signal candle.

SL: ST Level. If it more than +16 point from point of entry Put your SL on (Entry +/- 16 for 1:1 RR)

Once Trade is 10 points in favor, get the TSL to cost (Must do for scalping with truckload of position).

Target: Fixed (limit order at +16 point from point of entry). Don’t get greedy. Get the hell out once profit target is met (Limit Order, don’t try market). Else you may get slippage.

Setup-2 (Scalping with Trail)

VWAP is not used for this. You can keep on chart but irrelevant.

Entry: Wait for ST crossover in direction of CCI (if CCI negative and you got a ST crossover in positive side, wait for the next negative crossover) and enter on the closure of crossover candle. Don't wait for confirmation. We will make the confirmation candle for traders who will follow us.

SL: = +/- 2 points on top/bottom of crossover candle based on short or long entry
Target: Fixed +16 point. But you can trail this one by booking 50% at +16 point rest till Elder Impulse Candle not forming the blue neutral one.



Summery:

Must-do:

• Once the trade goes in your favor move TSL at cost. (I generally do it of NF moves 8-10 point in my direction)
  
• SL order at the earliest, even sometime can place SL order beforehand. This must be a SLM (Stop loss market order, not a limit order)
  
• While entering (say you want 12 lots scalping, put 3 market orders one by one with 4 lots each to avoid max slippage. If you see price going in your favor as soon as you enter first batch (4 lots), don’t place further orders as your entry cost will see more slippage. But since 3 mins candle, you will get the fill at a 1-2 point bracket of your target price area in most cases).
  
• Taking setup-1 in direction of daily trend (if visible) increases probability

Avoid:

Trading on Expiry Day using this system, big news days (There is different system for those days, will discuss).

Advantage:

• Minimum capital exposure time to market generally you are done with trade below 10 minutes time. Consider 12-16 point in Nifty with 10 -15 lots (X 75), to me it is decent profit. Now consider you get 2-4 opportunity of doing this a day. Even if you get 2 right,2 scratch, well I am done for the day in those cases.
• Good for traders who has problem in holding long to ongoing trades as this trades gets over in max 10 minutes, else use Time-stop to get out.
  
• Loss is pre-conceived as SL is fixed. No Psy turmoil of making monster loss or account blowing.

Note for beginners:

If you never did scalping, find your position size max limit. For example if trade goes wrong, you will lose max 16 points (1:1 RR) on Nifty. Now find out how much capital you can afford to lose. If it is just 2500/- RS, you can scalp only for 2 lots.

Sample Chart:

Charts on Setup 1 (also showing when to scratch trade in some cases)​

. I am posting possible entry exits on current month NF as can not get last contract data. But should clarify what this is all about.










Below chart showing both setup 1 and setup 2 opportunity. Please note the second one where VWAP is giving a better entry point.



with VWAP



Another Setup 2



Now let me post some failures where trade has gone to scratch to make sure that this is not holi grail and you need to manage your trade to ensure that you are moving TSL to cost.





You can also use Timestop if the trade does not get into profit zone by 7 x 3 mins tick - get out.

Hope this helps. Q&A Welcome if any.

P.S- Don't use Bracket Order and don't ask me why (you will find out if you are smart enough)

P.S2- Forgot to mention one important visual cue:
For Setup-1: VWAP or VWMA should be between current price range candles and the ST level
For Setup -2: VWAP or VWMA will be almost overlapping or will be above (for Bearish) or below (for Bullish) ST level based on CCI <-34 or CCI >34

Otherwise these Setups are not valid.

Tuna Sir,

I have been reading both your threads repeatedly for the last 7 days. Hats of to your discipline and kudos for sharing your system in helping people in this ocean of trading. Great Job!!! A big thanks !!!

I am unable to plot VWMA in Kite. How do i do it? Or do I have to use PI??

Thanks a ton,

Abhinay

On Kite, better use VWAP.