iCharts Discussions

[Rahulsharmaat]

4 sma-- 17 Sma--- cross over 20 min TF

Last 2 month trading gave 750 points in total after brokerage
which is 375 points every month

Few conditions apply.

After cross over apply 5 point filter to take any position short or long.
Example.. Cross over gave Buy in 20 min candle where high was 5245-- so take long above 5350 now.. hold it till cross over downside gives exit and short... again condition is there... exit and short came at 5450-- exit and short below 5445 now--- if whole day 5445 is not broken wait till 3.30 and exit and make short at closing...

same way do it in longs also
without this change profit is 160 points-- so if we apply this simple calculation,, we can avoid many whipsaws and additional profit of 210 points-- that is 375 points-- positional trades-- all gapups and downs are already calculated


Any feedback is welcome..

[DEVIKAUSR]

GOOD MORNING

WHAT ABOUT STOP LOSS

IS THIS FOR INTRADAY

PL REPLY

REGARDS

KAUSHIK

[Rahulsharmaat]

Cross over is the stop loss-- no pre defined stop loss
right now short was on friday ..5281---short still running

[DEWGH]

Hi Rahul,

Example.. Cross over gave Buy in 20 min candle where high was 5245-- so take long above 5350 now.. hold it till cross over downside gives exit and short... again condition is there... exit and short came at 5450-- exit and short below 5445 now--- if whole day 5445 is not broken wait till 3.30 and exit and make short at closing...

I have some confusion about your example.

If whole day 5445 not broken that means we should hold long for the next day as per my understanding of your strategy but why to short at day closing?

Pls guide

[Rahulsharmaat]

Nop-- as Cross over suggests that its a short-- so by closing exit long and go short--

Thing is without adding this filter and this condition in last 2 months net gain was 160 points-- but with this its almost 370--380-- per month

[Rahulsharmaat]

Attached last 2 month trades

[Rahulsharmaat]

Bank nifty also watched but in 15 min TF

gave return of almost 1400 points in 2 months

thats 700 point monthly-

Bank nifty was short on friday at 10503-- now exit and buy at 10440..

[Rahulsharmaat]

Bank Nifty Trade 1 triggered long at 10440--

[sonila]

rahul,
as per this method,
nf buy will be at 5232, am i correct ?

[Rahulsharmaat]

Not like that -- let cross over happen first-- candle close-- and put 5 points above cross over candle and buy

[DEVIKAUSR]

SIR

SHOULD WE BUY NOW @5225

[sonila]

ok, RAHUL,
plz mention when it happens,
Thanx

[Rahulsharmaat]

Buy is at 5248.10 now

[Rahulsharmaat]

Cross over at 12.49 candle high is 5244.20-- add 5 points thats 5247.20-- so make it roundoff-- 5248.10

[sonila]

RAHUL,
I think it will be 5250
as, 5244.2 + 5 = 5249.2, then rounded to 5250
am i correct ?