SH's 315 Strategy - how to use if effectively

[anantharaaman]

can anyone pls give me 3/15 strategy in niftyspot on excel 2007 format for past 2 months with auto updated

 

[savinir]

MKSREERAM,

Thanks for posting this.I was searching for lot of time for this formula.I really appreciate your post. Can you also convert this into a backtesting formula so that i can use it for backtesting.

Below are the main 3 AFL

_SECTION_BEGIN("315 Basic Cross");

Len01 = Optimize("Len01", Param("Len01", 3, 2, 15, 1), 2, 15, 1);
Len02 = Optimize("Len02", Param("Len02", 15, 10, 100, 1), 10, 100, 1);

ema03 = EMA(C, Len01);
ema15 = EMA(C, Len02);

color03 = IIf(ema03 > Ref(ema03, -1), colorDarkGreen, colorDarkRed);
color15 = IIf(ema15 > Ref(ema15,-1), colorBlue, colorRed);

Plot(ema03, "", color03, styleThick);
Plot(ema15, "", color15, styleThick);

Buy = Cross(ema03, ema15);
Sell = Cross(ema15, ema03);

Buy = ExRem(Buy,Sell);
Sell = ExRem(Sell,Buy);

Short = Sell;
Cover = Buy;

SetPositionSize(1,4);

PlotShapes(Buy * shapeUpArrow, colorBlue, 0, L);
PlotShapes(Sell * shapeDownArrow, colorRed, 0, H);

_SECTION_END();


_SECTION_BEGIN("EMA Reversal");
// Book everything when ema3 going in the opposite direction of the position for 2 days

FlagUP04 = ema03 < ema15 AND ema03 > Ref(ema03,-1) AND Ref(ema03,-1) > Ref(ema03,-2);
FlagDN04 = ema03 > ema15 AND ema03 < Ref(ema03,-1) AND Ref(ema03,-1) < Ref(ema03,-2);

PlotShapes(FlagUP04 * shapeSmallUpTriangle, colorDarkGreen, 0, L);
PlotShapes(FlagDN04 * shapeSmallDownTriangle, colorOrange, 0, H);

_SECTION_END();


_SECTION_BEGIN("eXTREME RUNs");

//Can Book Profit when Last Candle Not toucing EMA3
FlagUP01 = ema03 > ema15 AND ema03 < L; //Buy Mode Ruaway Profit Part Booking
FlagDN01 = ema03 < ema15 AND ema03 > H; //Short Mode Ruaway Profit Part Booking

PlotShapes(FlagUP01 * shapeHollowCircle, colorBlue, 0, H, 5);
PlotShapes(FlagDN01 * shapeHollowCircle, colorRed, 0, L,-5);

//Take a Contra Position when 2 Full Candles Not toucing EMA3
FlagUP02 = ema03 > ema15 AND ema03 < L AND Ref(ema03,-1) < Ref(L,-1); //Buy Mode Ruaway Contra Entry
FlagDN02 = ema03 < ema15 AND ema03 > H AND Ref(ema03,-1) > Ref(H,-1); //Short Mode Ruaway Contra Entry

PlotShapes(FlagUP02 * shapeHollowDownArrow, colorDarkYellow, 0, H,-20);
PlotShapes(FlagDN02 * shapeHollowUpArrow, colorDarkYellow, 0, L,-20);

_SECTION_END();

 

[gmt900]

Hi friends,
I have been trying to study SH's 315 strategy. I am a senior citizen and am not very IT savvy. I plan to use NSE's TAME chart for taking the positions in NF. I intend taking postion on the day after EMA3, EMA15 crossover takes place. The idea is to start keeping things simple and improvise later.

I have two questions :
Nifty chart shown in SH's post explaining the basics of the system has y axis scale which is larger than available on TAME. Where can I get nifty daily chart having a bigger y scale?
I feel that taking position on the day after crossover may not substantially change P/L in the long run. Am I right?

Thanks,
gmt900

 

[nac]

I think google finance is better than NSE TAME.

But I would like to ask you something... (NO OFFENSE MEANT HERE)

Is this wise to enter into share trading at this time of your life???

 

[gmt900]

I think google finance is better than NSE TAME.

But I would like to ask you something... (NO OFFENSE MEANT HERE)

Is this wise to enter into share trading at this time of your life???

No offence taken ! In fact this is the best time of life, after having discharged all your duties, to indulge in such activities. Of course, one has to be financially secure. The best part is , it stimulates your mind, keeps you current and young!
Thanks for your prompt reply. Will check google finance.

 

[gmt900]

Sir,
It would be better if you can really work according to the original strategy of taking position on the day of crossover itself. This being a crossover strategy, taking the position next day might greatly reduce its performance. you can just do backtest/paper trade to notice the difference.

Thanks ashish !
There are two reasons for thinking of taking positions on the next day.One : I use TAME and I don't think I can use it for taking position at say 3.25 pm on the day of the cross over.
Two : i may not always be in front of the screen at the end of trading session.
I will try to do paper trade to notice the difference.

 

[appuchy]

can you please give me 315 strategy for banknifty in excel sheet...

 

[timepass]

Looks like NF has missed 3ema for 2 days in a row now.. missed just by a whisker.

at present 3ema is @5884

 

[gmt900]

Looks like NF has missed 3ema for 2 days in a row now.. missed just by a whisker.

at present 3ema is @5884

Dear timepass,
I am trying to learn 315 strategy and am tracking ema 3 and ema 15 for nifty.
I think we have to keep track of the crossover of these two for taking short or long position or for SAR.
What you have noticed is ema 3 missing day's low by a whisker.
What is the significance of this?
gmt900

 

[timepass]

Dear timepass,
I am trying to learn 315 strategy and am tracking ema 3 and ema 15 for nifty.
I think we have to keep track of the crossover of these two for taking short or long position or for SAR.
What you have noticed is ema 3 missing day's low by a whisker.
What is the significance of this?
gmt900

SH's market correction theory says that the price loves 3ema and can't stay away from it for more than 2 days. So, today it was to be expected that the price and 3ema will at least kiss each other once. That has happened.

For more on market correction, read this thread.

http://www.traderji.com/technical-analysis/36825-shs-market-correction-prediction-strategy.html

Edit : Also, Vikas_21 has a thread somewhere explaining the possible meaning of Green-Red-Green or Red-Green-Red candles at the top or bottom of a range. Search for it