The Best Trading System

[masterjee]

Opening short missed - it was continuation from yesterday
Setup2 Long missed due to secondguessing as it was near BRN - my mistake
Setup 2 Short signal at 1:15 duration 2 minutes to target profit
Setup 2 Long signal at 2:08 duration 30 minutes - less than target profit
Reentry at 12:42 duration 9 minutes to scratch -
Setup2 Short signal at 3:03 duration 17 minutes to scratch

Profitable with thanks to Tuna:clap:
Lesson no need to second guess signals as our targets are small

m

 

[Tuna]

No need to trade after 2 wins masterjee. You could have saved last 2 scratches. But good going .


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[crude begginar]

Hi

The exit condition is itself very tight (Mid point of previous day candle) so have not used any other fixed points stop . . .

For profit stop had tested with fixed points stop, but here again
noticed that when the exit conditions is not triggered it better to let it run
in few cases the gains run beyond 500 points, not sure one can hold till such time . . .

So we can say that profit stop should be placed around 450-500 points

As the data set is very small (20 trades) have checked the setup/trigger manually
with some aid from code like plotting the midpoint of previous day on the chart

//===========================================================
_SECTION_BEGIN("Price");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
Plot( C, "Close", ParamColor("Color", colorDefault ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() ); 
_SECTION_END();


_SECTION_BEGIN("FOOLS SYSTEM");
e1 = EMA(C,20);	
e2 = EMA(C,50);
M1 = Ref((H+L)/2,-1);

Plot(e1,"",colorYellow,styleNoRescale);
Plot(e2,"",colorWhite,styleNoRescale|styleThick);
Plot(M1,"",colorLightGrey,styleStaircase);

ColorUP = IIf(e1>e2,colorWhite,colorBlack);
ColorDN = IIf(e1<e2,colorWhite,colorBlack);
PlotShapes(Cross(C,e1)*shapeUpArrow,ColorUP,0,L);
PlotShapes(Cross(e1,C)*shapeDownArrow,ColorDN,0,H);
PlotShapes((C > e2 AND L < e2)*shapeUpArrow,ColorUP,0,L);
PlotShapes((C < e2 AND H > e2)*shapeDownArrow,ColorDN,0,H);


Plot(10,"",IIf(e1>e2,colorBlue,colorRed),styleOwnScale|styleNoLabel,0,750,0,-5,3);
Plot(20,"",IIf(C>e1, colorBlue,colorRed),styleOwnScale|styleNoLabel,0,750,0,-5,3);
Plot(30,"",IIf(C>e2, colorBlue,colorRed),styleOwnScale|styleNoLabel,0,750,0,-5,3);
Plot(40,"",IIf(C>M1, colorBlue,colorRed),styleOwnScale|styleNoLabel,0,750,0,-5,3);
_SECTION_END();
//===========================================================

Thanks

Happy

Amazing Results with simple Technique. Thanks a lot to HAPPY/TUNA . Did we consider GAP UP/DOWN as part of back testing?

 

[vsaran]

Opening short missed - it was continuation from yesterday
Setup2 Long missed due to secondguessing as it was near BRN - my mistake
Setup 2 Short signal at 1:15 duration 2 minutes to target profit
Setup 2 Long signal at 2:08 duration 30 minutes - less than target profit
Reentry at 12:42 duration 9 minutes to scratch -
Setup2 Short signal at 3:03 duration 17 minutes to scratch

Profitable with thanks to Tuna:clap:
Lesson no need to second guess signals as our targets are small

m

Masterjee,
It seems that you have not taken into account the CCI readings +34,-34 aspect.That is go long above +34 and short below -34.

 

[masterjee]

Masterjee,
It seems that you have not taken into account the CCI readings +34,-34 aspect.That is go long above +34 and short below -34.

Second entry was premature - rest as per CCI
Sometimes the ST crossover happens but gets negated at end of candle in live markets. Reappears later as per price movement.

 

[masterjee]

Scratch trades today - Small range inside day. 8200 is seeing a good fight.
m

 

[Tuna]

It was bad for intra on Nifty , very narrow range


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[Tuna]

Not Sure how many of you heard of this legend.
Youtube channel of Tom Dante. Don't miss these series. One of us asked him to load more of his sessions on Youtube instead of live sessions on Periscope which are generally at odd times (post midnight) to join from India.

https://www.youtube.com/channel/UCT43ffXmotx7i903Yxcwxjw

 

[bharathi2005]

GM tuna brother pls give the pivot poits calucaleter link also. I tried some websites but they donot have three things Pivot, Febi, and Camerila in same page.Thankyou.

 

[Tuna]

GM tuna brother pls give the pivot poits calucaleter link also. I tried some websites but they donot have three things Pivot, Febi, and Camerila in same page.Thankyou.

Already given on concept 4. For one page view you can use the one from Traderscockpit. Open that link in the evening or at 8-45 am next day to get the details on Nifty. You can not change the OHLC or index name to stock name unless u r paid member. But for Nifty the free service is enough


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