SH's 315 Strategy - how to use if effectively

[Tradewithhunter]

OK - yesterday markets gapped up at 4490 and within first 15 mins shot up to 4520.... Since the EOD candle wasnt touching 3 EMA at that point and markets were clearly overbought, I chose to book at 4520 (as per effective profit booking rule) and waited for an entry to be made again at 3 EMA touch.

3 EMA touch happened later when markets fell to 4432 later in the day so I entered again with my original SL 4392. SL got hit later in the day and I exited.

Net result of this swing trade:

Longed at 4392 booked at 4508 on 20th July : profit 116 points
Longed again at 4468 booked at 4520 yesterday: profit 52 points
Longed again at 4432 exited at 4392 SL : Loss 40 points.

Net 128 points profit.

Now empty handed waiting to go long on previous days highs breach or to go short on 315 bearish crossover whichever comes first.

just discussing Nifty here as an example though i trade DLF, RIL & ICICIBank as well using 315.

Cheers
SH

Hi Friends,

Just an update on 315 for Nifty, DLF, RIL & ICICI Bank.

Nifty : went long on 24/07 at 4548 (previous day's highs breached). Holding longs.

DLF : Initial longs taken at 317 on 16th July close. Exited at today's close at 424 since 3 EMA not touching candle body. Nice 107 point profit per share on DLF.

RIL : Initial longs on 18th July at 1968 (previous day high breached and 3 EMA bullish). Whipsawed and closed today at 1912 and reversed to shorts now.

ICICI Bank : Initial longs on 18th July at 719 (same as RIL). Exited at 785 on 21st July (3 EMA not touching candle at opening). Entered again on 22nd July at 762 (3 EMA touch). Currenlty at 742 and still long with SL 719 (my original entry point).

Overall excellent profits in DLF, ICICI Bank till now in current trade. RIL whipsawed and Nifty still in small profits.

Cheers
SH

 

[spiritunit]

I am a learner in Futures and Options till now, so currently I am trading only on Cash market and really found a great method here, thanks to Tradewithhunter.

I found couple of stocks today with this 315 strategy, hope it will be useful someone to enroll on cash market.

Rcom

RCF

Sintex

 

[Tradewithhunter]

Hi Friends,

Just an update on 315 for Nifty, DLF, RIL & ICICI Bank.

Nifty : went long on 24/07 at 4548 (previous day's highs breached). Holding longs.

DLF : Initial longs taken at 317 on 16th July close. Exited at today's close at 424 since 3 EMA not touching candle body. Nice 107 point profit per share on DLF.

RIL : Initial longs on 18th July at 1968 (previous day high breached and 3 EMA bullish). Whipsawed and closed today at 1912 and reversed to shorts now.

ICICI Bank : Initial longs on 18th July at 719 (same as RIL). Exited at 785 on 21st July (3 EMA not touching candle at opening). Entered again on 22nd July at 762 (3 EMA touch). Currenlty at 742 and still long with SL 719 (my original entry point).

Overall excellent profits in DLF, ICICI Bank till now in current trade. RIL whipsawed and Nifty still in small profits.

Cheers
SH

Nifty longs closed at 4652 today at morning open time since 3 EMA not touching body candle on EOD. Made 104 points on this trade again....

DLF entered longs again day before yesterday at 395 when 3 EMA was touched.

RIL still short.

ICICI exited at 719 on 29/07. Rentered longs again on 30/07 at 745 (previous days highs breached). Exited today at 771 (3 EMA not touching) and rentered again now at 760 when 3 EMA got touched. Booked 26 points in ICICI and still holding longs.


Cheers
SH

 

[Tradewithhunter]

I am a learner in Futures and Options till now, so currently I am trading only on Cash market and really found a great method here, thanks to Tradewithhunter.

I found couple of stocks today with this 315 strategy, hope it will be useful someone to enroll on cash market.

QUOTE]

Hi Spiritunit,

Thanks for the charts... I would advise followers of 315 to stick to Large Caps and Midcaps with high volumes ... please do not try small caps with low volumes since they are more operator driven and full of whipsaws...

This is why I stick to just 4 scrips with 315 .. NIFTY, DLF, ICICI Bank and RIL. Believe me these 4 are enough to earn money using 315.

Cheers
Stockhunter (SH)

 

[Tradewithhunter]

Nifty longs closed at 4652 today at morning open time since 3 EMA not touching body candle on EOD. Made 104 points on this trade again....

DLF entered longs again day before yesterday at 395 when 3 EMA was touched.

RIL still short.

ICICI exited at 719 on 29/07. Rentered longs again on 30/07 at 745 (previous days highs breached). Exited today at 771 (3 EMA not touching) and rentered again now at 760 when 3 EMA got touched. Booked 26 points in ICICI and still holding longs.


Cheers
SH

Hi Friends,

further update on the positions based on 315.

Nifty - reentred longs later in the day yesterday at 4598 when 3 EMA touched the body candle again. Holding longs now with nifty closing at 4636.

DLF - holding longs

RIL - holding shorts since 315 is still bearish.

ICICI BAnk - Still holding longs


Cheers
SH

 

[Tradewithhunter]

Hi Friends,

I hope people are enjoyong this busllish swing as per 315 and making money. I am making money in my select 4 scrips and thought to summarise the results again for the current swing. You will find all these trades mentioned in my previous posts:

Nifty

17/07 - Longed at 4392 booked at 4508 on 18th July (116 point profit)
21/7 - Longed at 4468 booked at 4508 on 22nd July (40 points profit)
22/07 - Longed at 4432 SL 4392 .. SL hit and exited (40 point loss)
24/07 - Longed at 4548 bookd at 4652 on 31st Jul (104 points profit)
31/07 - Longed at 4598 still holding with Nifty closing at 4729 today (131 points M2M profit)

Total 220 points profit booked plus 131 points M2M paper profit. All trades were 1 lot (no adds) hence result Rs 11000 profit + Rs 6550 M2M.

ICICI Bank

18/07 - longed at 719 booked at 785 on 21st July (66 points profit)
22/07 - longed at 762 exited at 719 on 29/07 (43 point loss)
30/07 - longed at 745 exited at 771 on 31st Jul (26 point profit)
31/07 - longed again at 760, holding with ICICI closing at 779 today (19 point M2M profit).

Total 49 points profit booked plus 19 point paper M2M profits. All trades were one lot (no adds) hence result Rs 17150 profit + 6650 M2M


DLF
16/07 - long at 317 booked on 28th July at 424 (107 points profit)
29th July - longed again at 395, holding now with DLF closing at 406 today (11 points M2M profits)

Total 107 points booked with 11 points M2M profits. All one lot again hence result Rs 85600 profits + Rs 8800 M2M

Reliance

18/07 - Longed at 1968 exited at 1912 on 28th July (loss 56 points)
28/07 - Shorted at 1912 exited today at 2032 (loss 120 points )
03/08 - Long now at 2032

Total 176 points loss on Reliance. All one lot hence result Rs 26400 loss.

Overall - Rs 87350 profit booked plus Rs 22000 M2M profits as of today's close.

Cheers
SH

 

[Mangafreakz]

Great stuff man. Infact before I saw this thread at TJ , I saw your site which is nicely done.

 

[nifty]

Dear Tradewithhunter,

Sincerely appreciate your efforts and once again thanks for sharing your 315 method with us.

Happy trading...

 

[jkm10]

Can anyone please help me,which would be the best site,i mean where can i find the eod charts and ema charts with accurate data.any site plz mention.
Thanx...
Regards,
jkm

 

[sanjay_arora]

@TradewithHunter/Other Experienced Users

Hello All

With lots of help of a friend at another forum, I have got this AFL, supposed to generate buy/sell/cover with an arrow according to this strategy, but being inexperienced, lots of things are going wrong

Can you guys please check code for buy/sell/long/short/cover and why the arrows are all coming in wrong places? Please help me create code for this AFL and please just dont only correct this, explain where I went wrong?

Just put the original code in comment & write correct code below it with an explanation in comments. It will be very helpful to newbies like me.

Also, please advise, what code do I need to add to this to be able to backtest this strategy in AB? Also, the variable Long does not seem to be a keyword in AB? So do I just use buy for Long?



_SECTION_BEGIN("ema3,15");
x = EMA(Close,3);
y = EMA(Close,15);

Plot(EMA(Close,3),"EMA 3",colorBrightGreen, styleLine, styleThick);
Plot(EMA(Close,15),"EMA 15",colorRed, styleLine, styleThick);
GraphXSpace=0.5;
Plot(C,"",colorBlack,styleCandle);
XR=(EMA(Close,3) * (2 / 6 - 1) - EMA(Close,15) * (2 / 11 - 1)) / (2 / 6 - 2 / 11);


Buy = Close > EMA( Close , 15 )
AND Ref( Close , -1 ) > Ref( EMA( Close , 15 ) , -1 )
AND Cross(x,y);

Sell = Close > EMA( Close , 3 )
AND Open > EMA( Close , 3 );

Short = Close < EMA( Close , 3 )
AND Ref( Close , -1 ) < Ref( EMA( Close , 3 ) , -1 )

AND Cross(y,x);

Cover = Close < EMA( Close , 3 )
AND Open < EMA( Close , 3 );

SellPrice=ValueWhen( Sell, C, 1);
BuyPrice=ValueWhen( Buy,C, 1);
Long=Flip(Buy,Sell);
Short=Flip(Sell,Buy );


PlotShapes(shapeUpArrow*Buy,colorGreen, 0, L, Offset=-45);
//PlotShapes(shapeSmallDownTriangle*Sell,colorRed, 0, L, Offset=-45);
//PlotShapes(shapeSmallUpTriangle*Cover,colorGreen, 0, L, Offset=-45);
PlotShapes(shapeDownArrow*Short,colorRed, 0, H, Offset=-45);
AlertIf( Buy, "SOUND C:\\Windows\\Media\\notify.wav", "Audio alert", 2 );
//AlertIf( Sell, "SOUND C:\\Windows\\Media\\chord.wav", "Audio alert", 2 );
//AlertIf( Cover, "SOUND C:\\Windows\\Media\\notify.wav", "Audio alert", 2 );
AlertIf( Short, "SOUND C:\\Windows\\Media\\notify.wav", "Audio alert", 2 );

_SECTION_END();