iCharts Discussions

[sonila]

Nf trading with super trend indicator is quite easy. Supertrend is an indicator which uses mainly average true range.

[sonila]

Supertrend in 5-min tf for nf gave a buy on friday @ 5387. After that, this buy signal continued today till day end, sl not triggered, sell signal not given also. So one could have longed @ 5387, so that today he could have gained decently. Otherwise, there were 3 targets. T1 @ 5413, t2 @ 5436 and t3 is at sell signal. I will try to post supertrend signals regularly, so that, we all can make a good day trading strategy using supertrend also. Thnx.

[sivgates]

Nice Work sonila

Regards
Sivgates

[Rahulsharmaat]

Sonila,, Great work

But mind it--- that if anyone follows --buy signal or short signal without any filter and stop loss--- it will be disaster in longer time period---

I have well back tested it --in last 9 months

so keep that in mind also


thanks

[Rahulsharmaat]

As in sideways--n consolidation--many whipsaws

[sonila]

[sonila]

Supertrend gave sell signal @ 5425 @ 9.18 am with sl @ 5442. Thnx.

[sonila]

Previous buy was @ 5387, high made 5442, sell generated @ 5425.

[rishveer]

[soonil123]

where i can find the supertrend indicator in Icharts.???

[Rahulsharmaat]

In July--- auto signal without filter-- trade in this-- with target 25 points gave Approx 310 points gain

36 trades almost-- thats 120 point brokerage--

so net gain 190 points it made in july-- it may vary--as not made any excel

================================================

In august till date no gains-- even 25 points booked and after brokerage-- seems 50% july gains are gone---

so Sonila--- see if some filter can protect whipsaws

Sorry if i have disturbed u

[sonila]

In platinum chart

[rishveer]

[sonila]

[sonila]