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

[rjshem]

Always interested. :thumb:
It will benefit others also..

Thanks

Ok if ur having problems with trailing stops or holding trades for long u can place exit at 2x or 3x or can move sl to breakeven once price moves 2x exit at 3x .success of above will depend on ur method winrate also ur expenses including brokerage slippage avg per trade.backtest and see if ur method will give 40% above winrate with 2x or 3x exit .ideal combo would be 50% winrate with 3x or 2x exit this will give u a very decent profit if ur brokerage and slippage is not too big .once u decide to exit at 2x or 3x u need to follow same for all trades. (There can be more permutation and combinations depending on ur backtest results 3x is not the limit .i have given the simplest).X denotes the initial risk /stop loss.

 

[kumudhan]

hello vijkris sir, need help. even aftrer applying the 200 ema hi lo afl posted by xrayji in varunjis thread i cant see any difference in my charts. just a small difference in title only.pl help.

BEFORE

 

[vijkris]

hello vijkris sir, need help. even aftrer applying the 200 ema hi lo afl posted by xrayji in varunjis thread i cant see any difference in my charts. just a small difference in title only.pl help.

BEFORE

pls don't drag and drop xrayji's afl.. keep it separate...

_SECTION_BEGIN("Title");
Title =
EncodeColor(colorSkyblue)+ Title = Name () + " | " 
+EncodeColor(colorOrange) + Date() +" | " + Interval( 2 )+ " | " 
+EncodeColor(colorOrange)+ "OPEN : "+ EncodeColor(colorWhite)+ O + " | "
+EncodeColor(colorOrange)+ "HIGH : "+ EncodeColor(colorBrightGreen)+ H + " | "
+EncodeColor(colorOrange)+ "LOW : "+ EncodeColor(colorRed)+ L + " | "
+EncodeColor(colorYellow)+ "CLOSE : "+ WriteIf(C> Ref(C, -1),EncodeColor(colorBrightGreen),EncodeColor(colorRed))+ C + " | "
+EncodeColor(colorBlue)+  "Volume : " + WriteIf(V> Ref(V, -1),EncodeColor(colorPaleGreen),EncodeColor(colorRed))+ WriteVal(V,1);
_SECTION_END();

Highs = EMA(High, 200);
 
Lows = EMA(Low, 200);
 
 
 
UpTrend = C > Highs;
 
DnTrend = C < Lows ;
 
Colors = IIf(UpTrend, colorPaleGreen, IIf(DnTrend, colorRed, colorWhite));
 
 
Plot(Close, "Price", Colors, styleCandle | styleThick);

_SECTION_END();
_SECTION_BEGIN("EMA1");
P = C;
Periods = Param("Periods", 200, 2, 300, 1, 0 );
EMA1 = EMA(P,Periods);
Plot( EMA1, _DEFAULT_NAME(), ParamColor( "Color", colorPink ), ParamStyle("Style",styleDashed|styleNoRescale) ); 
_SECTION_END();
_SECTION_BEGIN("EMA36");
P = C;
Periods = Param("Periods", 36, 2, 300, 1, 0 );
EMA36 = EMA(P,Periods);
Plot( EMA36, _DEFAULT_NAME(), ParamColor( "Color", colorBrightGreen ), ParamStyle("Style") ); 
_SECTION_END();

Use this code. Save it in a new afl editor..double click or do insert chart only..

 

[vijkris]

Ok if ur having problems with trailing stops or holding trades for long u can place exit at 2x or 3x or can move sl to breakeven once price moves 2x exit at 3x .success of above will depend on ur method winrate also ur expenses including brokerage slippage avg per trade.backtest and see if ur method will give 40% above winrate with 2x or 3x exit .ideal combo would be 50% winrate with 3x or 2x exit this will give u a very decent profit if ur brokerage and slippage is not too big .once u decide to exit at 2x or 3x u need to follow same for all trades. (There can be more permutation and combinations depending on ur backtest results 3x is not the limit .i have given the simplest).X denotes the initial risk /stop loss.

ok. 3x is possible but majority are 2x trades. So thats why i kept 1x move as breakeven point.
Eg. silver and crude. b4 obv, my minimum sl was 100 pts or 10 pts, respectively.
After obv, silver 50 pts or less, crude 5-6 pts is sl.
So 1x move happens quickly and retracements also happens which is enough to hit new BE Sl.

I did get 3x or greater moves but i don't think winrate will be greater than 40%.

2 weeks back i traded full obv.
total trades = 12;
Winners = 4
Scratch = 2;
Loosers = 6

 

[rjshem]

ok. 3x is possible but majority are 2x trades. So thats why i kept 1x move as breakeven point.
Eg. silver and crude. b4 obv, my minimum sl was 100 pts or 10 pts, respectively.
After obv, silver 50 pts or less, crude 5-6 pts is sl.
So 1x move happens quickly and retracements also happens which is enough to hit new BE Sl.

I did get 3x or greater moves but i don't think winrate will be greater than 40%.

2 weeks back i traded full obv.
total trades = 12;
Winners = 4
Scratch = 2;
Loosers = 6

Then u can exit at 2x would be better exit at just 2x instead moving sl to be after 1x.(2 weeks is too small a sample size need 3 months atleast to know the correct picture).

 

[rjshem]

Always interested. :thumb:
It will benefit others also..

Thanks

Benefitting others i dont know hope it does because what i have given is very unattractive and uneasy to follow many will give up pretty soon but who so ever follow rigorously will benefit in long run providing his brokerage and slippage r not too high .

 

[Aman1]

inventory at 9.30pm?

 

[kumudhan]

inventory at 9.30pm?

yes...25 minutes...

 

[XRAY27]

Ok if ur having problems with trailing stops or holding trades for long u can place exit at 2x or 3x or can move sl to breakeven once price moves 2x exit at 3x .success of above will depend on ur method winrate also ur expenses including brokerage slippage avg per trade.backtest and see if ur method will give 40% above winrate with 2x or 3x exit .ideal combo would be 50% winrate with 3x or 2x exit this will give u a very decent profit if ur brokerage and slippage is not too big .once u decide to exit at 2x or 3x u need to follow same for all trades. (There can be more permutation and combinations depending on ur backtest results 3x is not the limit .i have given the simplest).X denotes the initial risk /stop loss.

rjshem bhai !!!

Please open a thread on TSL and PB for benefit of all, i was also asked to start a thread on MP,thought that people won't able to understand me ,but at least 30 members Thanked me for MP thread and they are following that...just count me in your thread

I just visited varun thread on OBV,not follow any thing except 60 min band mixed with MP off course to be implemented from march series..

last week trading in this feb series was hopeless..in respect of PB:annoyed:

 

[vijkris]

rjshem bhai !!!

Please open a thread on TSL and PB for benefit of all, i was also asked to start a thread on MP,thought that people won't able to understand me ,but at least 30 members Thanked me for MP thread and they are following that...just count me in your thread

I just visited varun thread on OBV,not follow any thing except 60 min band mixed with MP off course to be implemented from march series..

last week trading in this feb series was hopeless..in respect of PB:annoyed:

77 members thanked u..:thumb:
Regular followers may be 30 in no.
Frankly speaking i couldn understand anything of MP or DeMark.

Or i didn work hard enough to understand it..:lol: