iCharts Discussions

giridharanl · White Belt Joined: 24 Oct 2013 Posts: 2

Dear Friends
I am paper trading using this strategy for bank nifty from 28/10/13. Total profit from 28/10/13 to 8/11/13 is 19823. (excluding brokerage etc.,).
RP for 9/11/13 is 11493.

L.Giridharan

sharmasanjeet · White Belt Joined: 25 Jul 2009 Posts: 28

Hi Giridharan

Even though you are seeing 3 by 5 EMA is profitable. The period is very short.
If you compare the same system for year 2013 plain crossing of ema 3 by 5 ema. this will give you loss.

But in long term in 10 years 13 years term. This is very profitable system.
I have tested same from year 2000.

rajanadar · White Belt Joined: 31 Mar 2009 Posts: 20

Hi Galrani sir & others,

Can you please suggest how to handle splits & bonus while testing historical data for certain stock futures?
Taking the historical futures price as is, causes a long drop or rise at the point of ex-date which skews the EMAs.

Any ideas / thoughts to handle this?

Thanks.

giridharanl · White Belt Joined: 24 Oct 2013 Posts: 2

thank u sharmasanjeet sir

L.Giridharan

chiragbvyas · White Belt Joined: 18 Feb 2010 Posts: 469

Bank Nifty

In BUY Mode.

For reversal point i am little confused. Shiva sir i am sending you p.m. Pls go trough and guide.
Which one is correct ?

chiragbvyas · White Belt Joined: 18 Feb 2010 Posts: 469

hmpatil · White Belt Joined: 15 Jun 2011 Posts: 59

Hi
What is the reversal point of Nifty future may14?

chiragbvyas · White Belt Joined: 18 Feb 2010 Posts: 469

chiragbvyas · White Belt Joined: 18 Feb 2010 Posts: 469

Nifty in sell mode reversal point is 6756.75

Bank nifty in Buy mode reversal point is 12987.14

chiragbvyas · White Belt Joined: 18 Feb 2010 Posts: 469

bank nifty going long trade showing profit of 300 + points in 2 days.

let us see how much can i ripe.

chandrujimrc · Brown Belt Joined: 21 Apr 2009 Posts: 1683

Dear vyas,
Nifty in buy mode now.If it closes above 6756 we can hold our long,otherwise we have to reverse our position,am I correct?

hmpatil · White Belt Joined: 15 Jun 2011 Posts: 59

chiragbvyas · White Belt Joined: 18 Feb 2010 Posts: 469

chiragbvyas · White Belt Joined: 18 Feb 2010 Posts: 469

For Bank Nifty long trade

Reversal point was 12998.45 (as per wednesday close).
Low made on thursday was 13022.45. (just placed s l which was not taken)
Reversal point was (12987.14) (as per thursday close)
Low made on friday 13077.25 (just placed s l which was not taken)
High made on Friday was 13905

So journey of this long trade 13022.45 ----- 13905

Current Reversal point is 12883.19 (as per friday close)

3 Ema touch rule will be in action if market corrects which is 13451.07

Before this trade(wednesday, thursday ,friday) :

I booked total loss of 160 points on monday and tuesday as mechanically following this system. But once we get trend in our favour these whipsaw losses no more headache.

For nifty future

From last week wednesday it was in sale. This week thursay reversal point was 6756.75 which was broken on friday so our short position squared off and at the same time we went long , high made on friday is 6898.

For this long trade ... reversal point is 6704.9 after 3 days if prices are constant above reversal point, 3 ema touch rule will be in action. Let us see what happens next.

Regards.

chiragbvyas · White Belt Joined: 18 Feb 2010 Posts: 469

For bank nifty.

Current trade is Long trade. Reversal point is 12950.68 (square up long ,go short if price goes below 12950.6 Cool

For nifty

Current trade is long trade. Reversal point is 6692.10 (square up long ,go short if price goes below 6692.1).

Nice trend got which has taken care of all whipsaws loss and given great profit.