iCharts Discussions

[Rahulsharmaat]

stop now at cost 5894-- at end of day-- book position in dec-- n short jan future

[ridinghood]

rahul,
ur timely update is really good for beginners!
thnks nd regs
ridinghood

[Rahulsharmaat]

cover dec at 5870---- short jan at 5930

keep stop loss in Jan above 5960

and hold

[Rahulsharmaat]

so dec short gave 24 points--covered at 5870

jan short at close at 5935----so cost now is 5960

so keep stop loss above 5960--

book profit at 5910- -tommorow

[ridinghood]

thnx

[vinst]

Hi Rahul,

You have done enormous amount of backtest and posted many good uses of MA's + filters.
However, One thing still disturbs me. All filters are absolute values. Better to convert them to % of NF. reason is that method+filter of 12 at 5000 NF would be ok but would whipsaw at 6000 by 1 or 2 points since 6000 may need slightly larger filter.
example:
NF in range of 5000 with filter 11 points works well.
instead of 11, use 11*100/5000 = 0.22%.

use same 0.22% at NF range 5500 (leading to 12 as filter), and
use same 0.22% at NF range 6000 (leading to 13 as filter), and so on.
It should help in reducing your backtesting effort.

regards,

[Rahulsharmaat]

You are right ...

will take it in account---


so now filter is 18 points---as at 5000 it was 15 points

[Rahulsharmaat]

TSL nifty short at 5940

[Rahulsharmaat]

go long at 5920

[Rahulsharmaat]

tsl short at cost 5935

[ridinghood]

[Rahulsharmaat]

Nify due to rollover now trading above 30 SMA

so book at cost

sorry -- long will be at 5926

[ridinghood]

presently sma, 30 value on 15 mt tf is 5952. so nf is sure not trading above sma 30. even sma,30 low is only 5949.

[Rahulsharmaat]

in my charts-- its continuous

so its shows what i have posted

rest rules are given-- one can follow

tsl was at cost which is 5960

[ridinghood]

ok,rahul!
regs
ridinghood