swing chart help needed

#1
friends I'm trading into mcx using buy sell signal swing afl ...

loosed lot of amount and confused nowb ...

plz suggest me best ATR value and K value for any 2 scripts with right time frame to follow ... ( at least I can reduce stop loss ) expecting for crude oil mainly ..

or any buy sell signal afl to follow entry signal and exit signal ....

expecting your ideas friends

Thanks.
 

Abhi1284

Active Member
#4
friends I'm trading into mcx using buy sell signal swing afl ...

loosed lot of amount and confused nowb ...

plz suggest me best ATR value and K value for any 2 scripts with right time frame to follow ... ( at least I can reduce stop loss ) expecting for crude oil mainly ..

or any buy sell signal afl to follow entry signal and exit signal ....

expecting your ideas friends

Thanks.

if u found then pls also suggest me.

BTW why r u not try supertrend

Thanks
Abhishek
 

jagankris

Well-Known Member
#5
friends I'm trading into mcx using buy sell signal swing afl ...

loosed lot of amount and confused nowb ...

plz suggest me best ATR value and K value for any 2 scripts with right time frame to follow ... ( at least I can reduce stop loss ) expecting for crude oil mainly ..

or any buy sell signal afl to follow entry signal and exit signal ....

expecting your ideas friends

Thanks.
Hello Sanjana,

Trading has nothing to do with ATR value.
Each and every ATR value will work some time and may not work some other time.
So instead of trying to optimize the parameters.
Take a look - what made you to loose ?

Right script - you have to decide which one you are comfortable with.

Right Time Frame
Have two accounts one for long and one for short.
Have Two Time frames.
Say Hourly and Daily.
Or 15M and Hourly.

Usually the higher time frame should be lower time frame * 5 times.

Share us your mistakes ,You are intraday trader or swing trader etc.
There are lot of experienced traders who can help.
 
#6
Hi Sanjana

There are only a few traders who earn money from trading. Try to do positional trading instead of Day trading. Plot 20, 50 & 200 moving average on your price chart. If price is above 20 Days moving average then short term trend is up. If price is above 50 Days moving average then medium trend is up and if price is above 200 days moving average then long tern trend is up. Always take care of Golden Cross / Death that is where 50 days moving average crosses 200 days moving average. Try to study some oscillators like RSI and momentum indicator like MACD. Also study Candlestick Chart pattern like Doji, Hammer, Bearish / Bullish engulfing etc. No trading system is perfect whether it is paid or Free. If still want to do day trading then use hourly chart on SuperTrend AFL with RSI and MACD. Do the trading when all the signals indicate same direction.

Hope it may help you.

Rakesh
 

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