Need help to write afl for this
- Thread starter manojborle
- Start date
Please help How should I avoid taking trade like this or How could I had made entry at the crossover, where it could have been profitable trade ?
I am using these conditions for entry
Once the crossover happens, I check ADX and if it is below 25, I wait till it comes to 25 and then I make entry.
In this case when ADX became 25 stock was already up.
I am using these conditions for entry
Once the crossover happens, I check ADX and if it is below 25, I wait till it comes to 25 and then I make entry.
In this case when ADX became 25 stock was already up.
I was not able to write AFL so I asked for help.
I am posting charts here so that people here can understand what I want in the AFL and they can tell me where I am going wrong so that I can improve myself.
Mr Johnny has given the AFL but In that he did not include the ADX condition so can not use that AFL
My conditions are :
1. The AFL should explore the stocks where bullish/bearish crossover occurs.
( I am using 20 & 50 EMA's plotted on HIGH and LOW prices.
2. Once you find the stocks then you check for ADX(14).
3. If it is at 25 or above take respective position, otherwise wait till it becomes 25 and check when it becomes 25 that the reverse crossover has not taken taken place and then you can initiate entry.
4. As for now I am using exit on ADX only, when it comes below 40 from above exit the position.
5. I am just starting and dont have much capital to trade these signals, but what I have seen is there is at least 1 signal everyday on each stock of nifty
Will need peolpe here to build this system and after backtesting share their results here
Thanks and expecting some opinions
I am posting charts here so that people here can understand what I want in the AFL and they can tell me where I am going wrong so that I can improve myself.
Mr Johnny has given the AFL but In that he did not include the ADX condition so can not use that AFL
My conditions are :
1. The AFL should explore the stocks where bullish/bearish crossover occurs.
( I am using 20 & 50 EMA's plotted on HIGH and LOW prices.
2. Once you find the stocks then you check for ADX(14).
3. If it is at 25 or above take respective position, otherwise wait till it becomes 25 and check when it becomes 25 that the reverse crossover has not taken taken place and then you can initiate entry.
4. As for now I am using exit on ADX only, when it comes below 40 from above exit the position.
5. I am just starting and dont have much capital to trade these signals, but what I have seen is there is at least 1 signal everyday on each stock of nifty
Will need peolpe here to build this system and after backtesting share their results here
Thanks and expecting some opinions
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