SH's 315 Strategy - how to use if effectively

[abhi_neth]

Am I living on MARS?
Coz I see only 2 whips...

Agree with you. There's only been 2 whipsaws.

 

[TraderRavi]

what is the reversal point for longs...is it 5055..?

 

[galrani]

what is the reversal point for longs...is it 5055..?

NF below 4980 would give a bearish crossover signal

Cheers

 

[krist]

Hi,
I am trying to backtest this strategy by importing data and replaying bar by bar in Amibroker.
I am new to Ami as well as backtesting. I have run into a couple of problems. Someone please guide me.

1) When I add 3EMA and 15EMA on charts, they appear in a seperate pane at bottom and not on the chart. So I have to look at both EMA values for every bar to scan for crossover. How can these 2 lines appear on the chart?

2) Second point is: I can see only close EMA which is good for entry and exit decisions. However we also exit when candle at open doesn't touch 3EMA.
How can I get around this problem?

Regards
Krist.

 

[TradeJoker]

drag and drop the EMA to the chart

 

[krist]

drag and drop the EMA to the chart

Thank you, it worked

But still stuck with the 3EMA open problem.
Can there be something like the difference between last days close EMA and open price should be greater than some figure for the body not touching 3EMA?

 

[ba8910]

Nifty close to 3rd whipsaw.... 4983.. will wait till 3.15...

 

[manohara]

Nifty close to 3rd whipsaw.... 4983.. will wait till 3.15...

It seems bearish cross over nifty at 5022 as per 315 ....

correct me if im wrong ...

 

[gambler]

if nifty closes below 4984 today then it will be brearish crossover...I have long positions @ 5121

It seems bearish cross over nifty at 5022 as per 315 ....

correct me if im wrong ...

 

[abhi_neth]

Thank you, it worked

But still stuck with the 3EMA open problem.
Can there be something like the difference between last days close EMA and open price should be greater than some figure for the body not touching 3EMA?

Hi Krist,
This strategy is a bit difficult to back test as there are various things that we do to increase our profits like exit when market opens away from 3EMA & enter back into position on touching 3EMA. This increases profits & also reduces losses during whipsaw. Best way to test this strategy is to paper trade it for a month & then take actual trades.