The Best Trading System

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  • Like: Trading Theory, Psy Ops, Myth Busters

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  • Like: Everything on this thread

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  • Total voters
    59

vsaran

Well-Known Member
Tuna,
In trading concept 7, what is the importance of +100,-100 on CCI? Moreover in Trade Tiger,not able to overlay EMA on CCI.Any alternative for the set up?Thanks.
 

Tuna

Listen and act, don't ask it, it doesn't oblige

Tuna

Listen and act, don't ask it, it doesn't oblige
Tuna,
In trading concept 7, what is the importance of +100,-100 on CCI? Moreover in Trade Tiger,not able to overlay EMA on CCI.Any alternative for the set up?Thanks.
Mostly to denote the money flow saturation levels - kind of overbought/oversold levels. Some uses 175/-175, but frankly, on this system(concept # 7) it does not have much significance.

Overlay thing, well this is very basic, should have been supported. You can keep a trading account with Zerodha, keep trading with Trade-tiger, use the chart from Zerodha.
 

dreammerchant

Well-Known Member
Mostly ok, but you are using CCI in some other way. To me , it was short & hold ever since the STI moved below VWAP - 3rd short till EoD for auto square off, with SL near corresponding VWAP level.
My idea is to capture that 15-16 points in 3min TF, based upon the cci if we get chance again we can reenter...

Correct me if I'm wrong

DM
 

Tuna

Listen and act, don't ask it, it doesn't oblige
My idea is to capture that 15-16 points in 3min TF, based upon the cci if we get chance again we can reenter...

Correct me if I'm wrong

DM
Ofcourse you can keep 16 pips as the target - my way for intra.
 
Hello

Did some initial testing based on the rules given.

Trading time frame: 5 Minutes
Indicator BB (Period = 20, Factor = 1.5)

Higher Time frame

Daily: Indicator Super Trend (Period = 30, Factor = 1);
Hourly: Indicator Super Trend (Period = 30, Factor = 2);
15 Minutes: Indicator Super Trend (Period = 30, Factor = 4);

Ticker: Nifty Spot (data set from Jan to December 2016)
Fixed stop loss at 75 points
Fixed Profit stop at 150 points

The system generated around 35 trades with above 55 % winners and overall gains of about 2000 points (1800 after cost).

Tried out some variations as follows

1) Reducing the stop to 50 also improves performance in all variations


2) Replacing the BB with one more ST on 5 Minutes gave a slight better result.


3) Eliminating the trading TF (i.e 5 Minutes) improved the results a lot (15% more winner and 25% extra points).
i.e here the trading TF is 15 Minutes and reference to HTF of Daily & Hourly
entry trigger was the ST on 15 minutes for e.g.
Go Long when ST on both Daily and Hourly are Long
and the ST on 15 flips from Short to Long

But 2 & 3 above do not go exactly with the principle of system that was presented . . .
the entry gets based on breakout (ST flip) rather than pull back (lower end of BB)


4) Also tried eliminating the daily TF ST, it actually does not make much difference in performance,
although the number of trades increase slightly.

5) While planning the trades, if one also considers the S/R zones and
the obvious failure/rejections without waiting for SL to hit every time (scratching the trades)
the win/loss will improve further.

Over all it is a good set of rules put together.
makes it robust system (maybe some fine tuning as per individual preferences )


Thanks

:) Happy

Happy Sir,

Can you share AFL for this?

Thanks
 
GM Happy sir i have one quenstion? Tuna sir telling in his post 79 about STI (10,3) settings for all TF.But Happy sir your telling in your post 82 STI settings Daily (30,1) Hourly(30,2),15min (30,4) I am using MT4 which setting can i follow? Thankyou.
 

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