Karthik's 315 Pullback Strategy (Intraday & EOD)

[hmp]

how to scan stocks?

 

[Profittaker]

Nifty 5 Min Chart :-

 

[talyan]

Nifty 5 Min Chart :-

Exit is missed to mention in first trade . candle is below 3 Ema not touching.

 

[talyan]

Whipsaw's are major challenge in this strategy.

 

[Profittaker]

Exit is missed to mention in first trade . candle is below 3 Ema not touching.

Dear all,
I am also learning this strategy. if you find any mistake in my chart pls correct me. Thanks talyan . I missed this .

 

[anilnegi]

Exit is missed to mention in first trade . candle is below 3 Ema not touching.

I think we are not able to trade on exact levels as mentioned in the chart as we have to wait till closing of complete candle also till start of new candle

 

[talyan]

I think we are not able to trade on exact levels as mentioned in the chart as we have to wait till closing of complete candle also till start of new candle

I trade immediately to the opening rate of next candle if previous candle not touched 3 ema.

 

[Profittaker]

 

[Profittaker]

Today's Nifty Future 5 Min Chart:-

[Dear all, I am also learning this strategy. if you find any mistake in my chart please correct me.]

 

[Profittaker]

SetChartOptions(0,chartShowArrows|chartShowDates);
e1=EMA(C,3);
e2=EMA(C,15);
Plot(e1,"",colorWhite,styleThick);
Plot(e2,"",colorYellow,styleThick );

Buy=Cross(e1,e2);
Sell=Cross(e2,e1);

Buysetup=Flip(Buy,Sell);
Shortsetup=Flip(Sell,Buy);
SHtrend=IIf(BarsSince(Buysetup)<BarsSince(Shortsetup ),1,0);
Buy = ExRem(Buy, Sell);
Sell = ExRem(Sell, Buy);
Buyt=ValueWhen(Buy,H,1);
Sellt=ValueWhen(Sell,L,1);
Buyt=IIf(SHtrend==1,Buyt,0);
Sellt=IIf(SHtrend==0,Sellt,0);
Buytt=Cross(H,Buyt)AND SHtrend==1;
selltt=Cross(Sellt,L)AND SHtrend==0;
Buytt = ExRem(Buytt, Selltt);
Selltt = ExRem(Selltt, Buytt);

PlotShapes(IIf(Buytt, shapeSquare, shapeNone),colorGreen, 0, L, Offset=-40);
PlotShapes(IIf(Buytt, shapeSquare, shapeNone),colorLime, 0,L, Offset=-50);                      
PlotShapes(IIf(Buytt, shapeUpArrow, shapeNone),colorWhite, 0,L, Offset=-45); 
PlotShapes(IIf(Selltt, shapeSquare, shapeNone),colorRed, 0, H, Offset=40);
PlotShapes(IIf(Selltt, shapeSquare, shapeNone),colorOrange, 0,H, Offset=50);                      
PlotShapes(IIf(Selltt, shapeDownArrow, shapeNone),colorWhite, 0,H, Offset=-45);



Col=IIf(SHtrend==1,colorGreen,4);
SetBarFillColor(Col);
Plot(C,"Close",Col,64);
 
ribboncol= IIf( BarsSince(Buysetup)<BarsSince(Shortsetup),colorGreen, colorRed ); //315 Trend
Plot(3, "SH315", ribboncol, styleArea | styleOwnScale | styleNoLabel, 0, 100 );


Title = EncodeColor(colorWhite)+ "SH 315" + " - " +  Name() + " - " + EncodeColor(colorRed)+ Interval(2) + EncodeColor(colorWhite) +
 "  - " + Date() +"\n" +EncodeColor(colorWhite) +"Open-"+O+"  "+"High-"+H+"  "+"Low-"+L+"  "+EncodeColor(colorYellow)+"Close-"+C+"  " +EncodeColor(colorWhite)+ "Vol= "+ WriteVal(V)+EncodeColor(colorLime) +"   EMA1  : "+e1+"  "+EncodeColor(colorOrange) +"   EMA2  : "+e2+"  ";

Dear All,
Here I have attached Nifty 5 Min 315 Strategy Chart and AFL Code. Anyone Can modifify this AFL to Karthik's 315 Pullback Strategy.

*Should Change Code to BUY/SELL Signal for This Strategy. [find pullback candle and will check closed >or< 3EMA].

RULES:-

Buy: When 3 EMA crossover 15 EMA from below and wait for price to pullback to 15EMA and closes above 3EMA
Enter : High on candle/bar closing above 3EMA
Exit: When Candle/Bar/Price not touching 3 EMA
SL : Low of pullback candle/Bar

Sell: When 3 EMA crossover 15 EMA from above and wait for price to pullback to 15EMA and closes below 3EMA
Enter : Low on candle/bar closing below 3EMA
Exit: When Candle/Bar/Price not touching 3 EMA
SL : High of pullback candle/Bar