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SH 30 minutes swinging yorker method - Nifty (Alchemist) |
Alchemist
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Joined: 09 Aug 2010
Posts: 853
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Post: #76  Posted: Tue Feb 24, 2015 8:09 pm Post subject: |
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No bearish cross done today.. you need to upload data for minimum 250 days to get the right picture and EMAs
Cheers
SH
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simply.index
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Joined: 28 Jun 2014
Posts: 158
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| Post: #77 Posted: Wed Feb 25, 2015 9:23 am Post subject: |
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Well said SH,
Infact nifty spot was around the 200ema value (8750) for most part of the day and has bounced from there. If the closing is above 8750, would go long.[/quote]
50 points gain, booked half. SH ... 
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #78 Posted: Wed Feb 25, 2015 4:13 pm Post subject: |
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| deleted.
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Alchemist
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Joined: 09 Aug 2010
Posts: 853
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| Post: #79 Posted: Thu Feb 26, 2015 12:40 pm Post subject: |
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5/200 bearish Yorker done now ...sold march series at 8790
Cheers
SH
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Alchemist
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Posts: 853
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| Post: #80 Posted: Thu Feb 26, 2015 1:56 pm Post subject: |
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| Alchemist wrote: | 5/200 bearish Yorker done now ...sold march series at 8790
Cheers
SH |
50% booking should be done at 8720-8725 now as per the rules.
Cheers
SH
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snehil2010
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Joined: 04 Feb 2015
Posts: 19
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| Post: #81 Posted: Thu Feb 26, 2015 4:52 pm Post subject: |
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Hello Alchemist,
I went through the entire thread and the strategy looks profitable. I do have few question for you:
1) What is the justification of using 5 and 200 period EMA? Is it based on some backtesting or just a wild guess?
2) Why do you use EMA instead of SMA? As per my analysis, SMA gives more accurate results on longes periods like 200.
Thanks,
Snehil
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Alchemist
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Posts: 853
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| Post: #82 Posted: Thu Feb 26, 2015 9:20 pm Post subject: |
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| snehil2010 wrote: | Hello Alchemist,
I went through the entire thread and the strategy looks profitable. I do have few question for you:
1) What is the justification of using 5 and 200 period EMA? Is it based on some backtesting or just a wild guess?
2) Why do you use EMA instead of SMA? As per my analysis, SMA gives more accurate results on longes periods like 200.
Thanks,
Snehil |
1) Wild guess
2) Please use SMA if you think its better.
Cheers
SH
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snehil2010
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Joined: 04 Feb 2015
Posts: 19
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| Post: #83 Posted: Fri Feb 27, 2015 12:48 am Post subject: |
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Hello Alchemist,
I backtested this strategy on 30 min NIFTY Spot chart of 2 years. Below are the buy/sell expressions:
Buy: CROSSOVER(EMA(CLOSE,5),EMA(CLOSE,200))=TRUE
Sell: CROSSOVER(EMA(CLOSE,200),EMA(CLOSE,5))=TRUE OR CROSSOVER(EMA(CLOSE,34),EMA(CLOSE,5))=TRUE
Please find attached the backtesting results. The calculations are based on 1 Lot of NIFTY.
The strategy doesn't seem very profitable. Please share your thoughts.
Thanks,
Snehil
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Alchemist
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Joined: 09 Aug 2010
Posts: 853
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| Post: #84 Posted: Fri Feb 27, 2015 11:34 am Post subject: |
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Did you test it with 5/34 EMA exit rule ?
Cheers
SH
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snehil2010
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Joined: 04 Feb 2015
Posts: 19
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| Post: #85 Posted: Fri Feb 27, 2015 12:06 pm Post subject: |
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Alchemist,
Yes, both the exit rules are mentioned in SELL strategy
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simply.index
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Joined: 28 Jun 2014
Posts: 158
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| Post: #86 Posted: Fri Feb 27, 2015 1:52 pm Post subject: |
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| Bullish crossover happened at 8762 and nifty just took off from there.
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shaheerzaman
White Belt
Joined: 05 Aug 2014
Posts: 93
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| Post: #87 Posted: Fri Feb 27, 2015 1:58 pm Post subject: |
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Snehil,
You tested with 1 lot. Its critical to trade with atleast 2 lots. So that the first lot gives us 60-70 points. And the second lot continues to trade. I would also suggest to book the second lot at 17 EMA crossover rather than 34 EMA.
Alchemist can guide us more.
Thanks
shaheer
| snehil2010 wrote: | Alchemist,
Yes, both the exit rules are mentioned in SELL strategy |
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Alchemist
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Joined: 09 Aug 2010
Posts: 853
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| Post: #88 Posted: Fri Feb 27, 2015 2:03 pm Post subject: |
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| simply.index wrote: | | Bullish crossover happened at 8762 and nifty just took off from there. |
Yep - previous sell signal negated at 8830 NF so lost 40 points ... had booked 65 points yesterday on 50% so still a profitable trade.
now longs from 8830 running ... 50% to be booked at around 8900
Cheers
SH
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Alchemist
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Joined: 09 Aug 2010
Posts: 853
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| Post: #89 Posted: Fri Feb 27, 2015 2:04 pm Post subject: |
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| snehil2010 wrote: | Alchemist,
Yes, both the exit rules are mentioned in SELL strategy |
snehil - run it for last one month and show us the result ....I have made 600+ points in last one month and all trades are tracked here in this thread.... lets see if that matches your backtesting tool.
Cheers
SH
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #90 Posted: Fri Feb 27, 2015 3:09 pm Post subject: |
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| Alchemist wrote: | | simply.index wrote: | | Bullish crossover happened at 8762 and nifty just took off from there. |
Yep - previous sell signal negated at 8830 NF so lost 40 points ... had booked 65 points yesterday on 50% so still a profitable trade.
now longs from 8830 running ... 50% to be booked at around 8900
Cheers
SH |
Booked 50% at 8894, 64 points.
Tomorrow budget day so hedged rest 50% by buying 8800 PE at 150
Cheers
SH
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