Hi,
I have not Amibroker but i am using trade tiger can any one elaborate the AFL as it is using 10EMA on hourly chart.
Its a simple strategy but how can i achieve it in trade tiger.
thanks:thumb:
I dont use Trade Tiger, never used it or tried it ! But according to what I have read you can get a Live chart of Cride in it with 10 EMA drawn on a Live chart.
The 10EMA Reverse strategy : Buy signal will generate in case of hourly candle closes below 10EMA and sell signal will generate if the candle closes above 10EMA.
The AFL , it seems simply identifies the candles that close above or below the EMA ! You can do that visually or if Trade Tiger allows it the same can be marked, its no big issue.
These are the original rules:
1)Every time the long and short position needs to be reversed whenever the signal arrives on the hourly timeframe
2)Position needs to be carry forwarded (Gap UP and GAP down risk is there)
3)Rs 100 brokerage is added in per leg transaction while backtesting (needs to be adjusted according to your brokerage structure)
4)Exit if the candle moves above 55-60 points on closing basis. Here stoploss is decided on closing basis.
5)Trade every time with two lots of MCX Crude
ps.: Text copy pasted from Marketcall site of Rajandran. Visiting the original site can be helpful to trade this set up!