iCharts Discussions

[Rahulsharmaat]

yes

[vishyvaranasi]

Open positions

Relinfra 30TF Sell
Banknifty 30TF Sell
Nifty 15TF Buy

[Rahulsharmaat]

[rakpeds]

rahul sir... can u help me with the backtest of a method for intra and positional too..

20 ema and 50 ema crossover on 5 min chart for intr
and same on 15 min chart for psoitional ... talking abt nifty..

please let me know if possible.. or u might have looked into past than also let me know,..

[Rahulsharmaat]

In 5 Min intraday--it wont work-- as if BUy generates once-- may be next 3 days u wont get any other buy or short signal-- so useless

In 15 min-- Aug month made hardly--70--80 points-- so not for me

Stop loss is 30 points-- target max 50 points in positional

[rakpeds]

[Rahulsharmaat]

higher EMA--- is not good-- --

[apka]

just to mention, on 5min and 30min chart i use 5ema 20ema and 50ema.

20ema and 50ema lot many times act as the resistence / support where the candles touch / close and then fall or rise again.

Their crossover happen quite often on both timeframes so that will not give you any particular trend indication from what I have seen. But backtrack it using google finance chart option on nifty or stocks, you will see what i mean.

[vishyvaranasi]

Hi Rahulji,

Just a practical question. Say Relinfra opened up abv our 30 TF lvls of 452.10. Say it has opened at 456. Watll be our game.
1. Immediately quit our short at 456 and buy
2. Quit our short and wait till 452
3. wait till 452 and then quit and buy

vishy

[Rahulsharmaat]

1} Short on 5th was at 5269.90--- as EMA was 5282---Low made 5237-- thats 33 points-- so i asked to trail stop loss at cost---

2} Till date what we are doing--may that be 55 SMA in silver or now 55 EMA in nifty -- bank nifty-- or Rel Infra---after long--- even stop loss is not hit--- but one candle close below 55 EMA low-- and then price close between band--- long is over-- as one candle closed below 55 EMA low--- or 34 EMA low--- and now its a fresh short also--- it may result in loss also next day-- as it will be today-- after this ECB meet-- but when we see it on longer time frame--its profitable--

Few days back without triggering filter rate in bank nifty-- i made long as it closed above 55 EMA--high--- next day 90 point gap down-- i exited and short-- that too made 140 points---same happen with Rel Infra also---

Now it lies on personal matter wheather u want it to trade like this or not-- or you will wait till buy or short it----when triggered with filter-- even it closed above 55 EMA or below 55 EMA---

As yesterday nifty didnt hit stop loss and u want to keep your long in hand---you can take that also--same in bank nifty-- rel infra-- ect---

Its traders own decesion....

[Rahulsharmaat]

[rk_a2003]

Rahul,

Instead of leaving things to destiny why don’t we have no position during major events like Jakson hole,ECB meet,Budjet day,RBI policy announcement etc. and continue our journey after the event. In this way at least one can have some control.

[Rahulsharmaat]

today i will post 2nd round of results--

1} should we reverse position--without trade is triggered--in last 30 min

[vishyvaranasi]

Rahul,

Relinfra went into buy at 453
vishy

[Rahulsharmaat]

In nifty :

1} increase filter with 1 point-- so its 13 points now -- and make stop loss 28 points

2} If not triggered with filter-- hold your position-- let it close anywhere--up or down on between band---

3} Exit position when stop loss hits or trade triggers with Filter

4} Exit position on Expiry day at day close-- n decide trade with next series nifty-- or trade on next day of expiry


Hope this will solve the problem

Thanks to all