The Best Trading System

Think about Candle-light dinner, badalte hue candle bhi acche lagenge.

Jokes apart, last 2 post has nothing to do with trading guys. It is a fking serious business & demands a lot of focus.

Yes I have read all your previous posts and have become fan of yours.!!

I can correlate many things which you are saying to myself, like initially I was very conservative and used to have very tight SL but ended up blowing accounts. Later when I found that we need to put large SL in order to give more room and thats when I realised how theories and practical things are actually different. Large SL has definitely increased winning trades giving more overall positive returns.

Also I do agree with your edge 1. Smaller the trade size per lakh, better the trading experience.

I am thinking of trying Concept#7, just wanted to know how long you are using this for yourself? I can give it a try and code in amibroker however I do not have much data for backtesting thats why just wondering if this can be tried directly without much backtesting?

..for Nifty Thread. Deleted

Thanks for your kind words. I am using this for quite sometime. You can try and backtest. But if that too good or too bad does not matter. 3 things:

Try with only 1 lot of Nifty, till you have enough practice to OWN this systems. Unless owned, it is just another system.


Know where the setup fails, if it is beyond 16 points from your entry and the nearest confluence of Pivots (support, resistance or day pivot), u r late. Please give the trade a miss. Always use this with Pivot point confluence, not standalone.


Please bring TSL to breakeven once price in favour by 10 odd points. Book compulsorily on 16 points. Make a note of all the Don'ts I mentioned about the setup specially the last one

And keep me posted if if works for you- a small favour to the this thread.


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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

Dear Tuna,
Wish you a happy new year.I am confused @ For Setup-2 VWMA above/below ST level.I think it is just opposite.Please clarify if I am wrong.

Need Help # With Backtesting (Multi TF)​

Guys,
Happy New Year !! My new year resolution is to shed a part of my stubborness (fully not possible in this lifetime, I guess) in my personal life and as well as in trading life.

So, I am starting my new year post with something - which I always hated on trading --> Technical Back testing.

I am doing it, but got a problem with data as it is a Multi-timeframe system (On Index, I am on Nifty only though)

So, I need some help if any of you have a platform with 1-2 years of Nifty data and allowing you to test the setup, which requires feed on Daily , 60 mins and 15 mins and 5 mins

I already got enough visual clues, tested a bit on my paid platforms (which sucks) but result is not bad. But I need something more roboust proof.

Generally, I do all my checking with visual cues, but it is becoming difficult for MTF.

Indicators required STI, BB


So one of you can do it, let me know. I shall let you know what is the game plan.

Partially Right !! Thanks for pointing out. But it as is (as I typed) for VWAP (VWAP above ST - means strongly bearish), (VWAP below ST, means storngly bullish).

Your observation is right for VWMA though.

Hi

I can test your concept on Amibroker.


Happy

Thanks Happy Bro !! Here is the plan.

For Bullish Setup:

1.Check Lastprice (Daily, Realtime) + Hourly Candle ==> Both Above Supertrend Daily and Hourly, respectively (crossover not needed, if there are above the level on the different TFs, enough)

2. Check Contra stepped in: price is below Supertrend on 15 mins TF(again generic check lastcandle < STI (15 mins) enough, no crossover needed)

Trigger:
3. on 5 mins TF (price goes below BB Band Low (lastcandle_1) and Closes above BB Band Low (lastcandle)

Exit_1 (Positional)

SL:
75 points

TGT
150 points

Overnight carrover allowed.

Exit_2 (Intra)
Tick the same day Squareoff option (if allowed on AmiB)

TGT 20 pips
SL 16 pips.

Bearish will be opposite (point 1,2,3). TGT and SL same.
Please let me know if you have any doubt. Shall clarify.

Setting
If AmiB allows you to play with the Setting of indicators for Backtesting (I guess it should):
Please use:
STI (10,3) For all the TFs
BB (20,1.5,SMA).

P.S - Please factor in the BB SD parameter of 1.5, and if that is not possible - just keep it standard but change the logic for the trigger as LastCandle_1-->Low goes below BB Low and LastCandle Closes up BB Low ==> Should work.

Ok, trying my hand on backtesting ( seriously ) after may be gap more than 1.5 odd years.

Multiframes- can afford only 3 months data (yeah, I know it is $hit).

System tested is for Nifty:

SL 40, TGT 80 (R/R) = 2:1

PFB with 60 mins Tick as the driver (Now working on Entry candle Optimizations - 5/15/60 mins)

This was a Short only system, got 11/14 right, 3 hit SL. Not bad to be back in business. But I am no way going to use this blindly even after optimization.