iCharts Discussions

[sonila]

When going through Traders Carnival '12 thread, i came across, ema3,5 cross over method on eod basis for nf developed by Viswanathan of some other forum, i dont know which one, then modified by shiva galrani, an ichartian based in dubai. I dont know their detail method. But i applied this method for nf from 24 june to 24 sept, without any filter, and found results v.good. In the above mentioned 3 month, total 5 trades generated and total gain is 660 pts in 3 mnths. That is 220 pts per month. A very good result indeed. Can anybody backtest it for 1/2 year ? Can any body give some appropriate filter to it to avoid whipsaws ? I also request to mr. Shiva galrani to reveal his modifications, if he wishes and become kind enough to us because most of us cant attend the carnival. Thnx and regards ,Sonila

[shahrachit]

[satishkadam]

[vishyvaranasi]

Hi Sonila,

Ya i had backtested with pure EMA 3 5 cross over on EOD charts from 1st Jan till date which had given 885 points in total. The thing is the first trade had given 700 points and the ongoing trade had given 300+ points. So taking this into consideration i feel there mite be some other indicators in tandom that work in this strategy bcoz in absence of those we cant sit with a loss of 150 points trading for 6 months.

Vishy

[Rahulsharmaat]

First thing---

when cross over at 3rd jan-- Cross over value was 4715-- high made was 4795-- now if bought at 4795-- it went straight to 4782-- can u afford 110 point stop loss

and where do u book it-- because if u wait for cross over-- it wont get good gains in all trades

if u fix 200 points then u will miss rally-- in consolidation its a death trade

But i have some solution-- if needed one can ask

thanks

[Rahulsharmaat]

that may give 1800 points-- may be

[vishyvaranasi]

Hi Rahulji,

Ya. let us know the rules and precautions as per you regarding this strategy.

Vishy

[Rahulsharmaat]

one more method may give 2100--2300 points

[Rahulsharmaat]

There are 2 methods as per me

1 } after cross over happens-- see value of 5 ema-- next day if u get Nifty 5 EMA plus 25 points filter-- buy it-- with stop loss 70 points

book at 200 point gain-- after booking-- daily see the value of 5 EMA-- when ever it comes in that range -- buy n book at 200 points

this may give almost 2500 points

[sonila]

My observations from ichart's eod chart for nifty-1m are as follows. Bought @ 5150 @ 29 june,booked and reversed @ 5250 @ 12july, gain=100pts. Sold @ 12july @ 5250, booked and reversed @ 5225 @28july with 25 pts. Longed @5225@28july, booked and reversed @ 27aug@5400 with 175 pts. Shorted @5400@27aug, booked and reversed@5360@7sept with 40 pts. Longed @ 5360 @ 7sept, high made@5740@20sept, gain of 380 pts. I had calculated upto this, found 5 trds in 3 mnths and 660 pts gain. I may be wrong in calculation. Thnx.

[shahrachit]

[Rahulsharmaat]

yes u are right

after stop loss or target -- when ever u get chance trade it --as given

[shahrachit]

[Rahulsharmaat]

Same rule as long

[sonila]