iCharts Discussions

SID2060 · White Belt Joined: 04 Nov 2009 Posts: 319

Dear icharts.in Members and Guests,

Chrome has recently shared with us his 5min tf, ema 107/200 strategy which we all have appreciated including me...

Today i found a substitute an ema combination in daily charts which would generate same entry and exit levels like chomes strategy perform for us in his 5min tf

That ema crossover combination is ema 1 and ema 4.... These combinations used in daily charts would generate the same results which chrome's strategy generates in his 5min tf strategy...

I am attaching the daily charts for ur reference......

SID2060 · White Belt Joined: 04 Nov 2009 Posts: 319

Now coming to the point i wanna show u the amount of wipshaws this strategy got by attaching a 3 months, 6 months and 9 months daily chart using ema 1/4 combination which is the same as using ema 107/200 in 5min tf.....

No doubt that this strategy has done good job for the month of september 2010 by giving good buy signal and no sell signal till date but it has performed so badly in the past that makes me crazy

SID2060 · White Belt Joined: 04 Nov 2009 Posts: 319

Now i tell u how i calculated the ema for daily charts

Chrome uses 107/200 strategy in 5 min time frame

now in chromes strategy if we convert 107/200 in minutes than it become

107*5 (multiply by 5 coz its for 5min tf) = 535 minutes

200*5 =1000 minutes

now in a day there are 6.5 hours of trading session (in india) that is 6.5*60 min = 390 min in a day

Now substitute of ema 107 of 5min tf : 535 min divide by 390 min = 1.37

And substitute for ema 200 of 5min tf: 1000 min divide by 390 min = 2.56

I have round off the decimal points and using ema 1 and ema 4. If i use the exact 1.37 and 2.56 then this combination will only results into more whipshaws than the approx emas that i am using...

Regards

Sid Smile

SID2060 · White Belt Joined: 04 Nov 2009 Posts: 319

Attached below is the daily chart with the exact ema 1.37 and 2.56 which is exactly same as ema 107/200 of 5min tf.........

Sid Smile

SID2060 · White Belt Joined: 04 Nov 2009 Posts: 319

THE SOLUTION.....................

FOR SWING AND SHORT TERM TRADING PURPOSE AVOID USING CHROME'S STRATEGY IF U WANT TO EARN CONSISTENTLY............

Instead of that use in daily charts ema 5/13 and ema 9/18 strategy........ From these strategies u will earn consistently and it generates very few wipshaws and wrong signals.............. ema 5/13 and ema 9/18 strategy in daily charts is even recommended by Sir John Murphy for Swing and short term trading.............

TRY OUT THESE COMBINATION'S IN NIFTY DAILY CHARTS AND SEE THE DIFFERENCE...................

Regards,
SID Smile

chetan83 · Brown Belt Joined: 19 Feb 2010 Posts: 2036

girishhu1 · White Belt Joined: 17 Aug 2009 Posts: 316

SID wrot '
Now coming to the point i wanna show u the amount of wipshaws this strategy got by attaching a 3 months, 6 months and 9 months daily chart using ema 1/4 combination which is the same as using ema 107/200 in 5min tf.....

No doubt that this strategy has done good job for the month of september 2010 by giving good buy signal and no sell signal till date but it has performed so badly in the past that makes me crazy 40'
hi sid,
any strategy based on ema will work only if markets are trending . in a trading market such a strategy will result in whipsaws.

chrome · Yellow Belt Joined: 28 Dec 2009 Posts: 645

sherbaaz · Yellow Belt Joined: 27 May 2009 Posts: 543

SID2060 · White Belt Joined: 04 Nov 2009 Posts: 319

SID2060 · White Belt Joined: 04 Nov 2009 Posts: 319

Instead of using ema 5/13 or 9/18 in daily charts, frndz u can also use ema 34/89 or 60/120 in 60 min chart tf as u r comfortable trading with.
Regards
Sid

chrome · Yellow Belt Joined: 28 Dec 2009 Posts: 645

request the admin to plz intervene and let Sid know about forum etiquettes and let him refrain from publicaly criticizing me.

SID2060 · White Belt Joined: 04 Nov 2009 Posts: 319

so chrome u want me to send private messages instead of public. I dun have that much time. Chrome fail ho gaya.

Admin m sory if i broke any rules. But when ppl can appreciate a strategy in public then why not criticize?

SwingTrader · Posted: Mon Sep 27, 2010 10:01 am Post subject:

THIS THREAD IS LOCKED FOR FURTHER INVESTIGATION. I WILL SEE HAS TO BE DONE.

SwingTrader · Posted: Mon Sep 27, 2010 10:34 am Post subject:

SID2060,

You are free to politely criticize any user's strategy in that particular user's strategy thread. Chrome has criticized your strategy in your thread politely. You are free to do the same in chrome's strategy thread - again politely - or keep replying to him in your thread when he posts there. Whatever you do you will have to do it politely, we are trying to learn from each other here. Where is the question of fighting here? There was no need to start a separate thread to criticize another user, it is a violation of our forum usage rules.

Let us just drop this topic here and continue ahead. Please continue to post about your strategy. Chrome will continue his strategy. Let everyone learn whatever is good from both strategies.

Thanks.