there is a good news
for those who dont have access even to TV or net during market hours,
and can only access 8dema after market closes, from various sites like say icharts.in, google finance, yahoo finance,
can go for previous day's 8dema.
i ve backtested with prv.day 8dema and it gives same or even better returns.
this way if we have to phone our broker twice daily,
once, just before close, ask him where is nifty spot and since we know prv. day's 8dema, we can order him to go for a buy or sell ( of course in nifty futures).
next, just before market reopens in the morning the next day to place our stop loss orders and profit booking orders.
pl. take note : all these backetsting r not done on nifty futures data but on nifty spot.
for those who dont have access even to TV or net during market hours,
and can only access 8dema after market closes, from various sites like say icharts.in, google finance, yahoo finance,
can go for previous day's 8dema.
i ve backtested with prv.day 8dema and it gives same or even better returns.
this way if we have to phone our broker twice daily,
once, just before close, ask him where is nifty spot and since we know prv. day's 8dema, we can order him to go for a buy or sell ( of course in nifty futures).
next, just before market reopens in the morning the next day to place our stop loss orders and profit booking orders.
pl. take note : all these backetsting r not done on nifty futures data but on nifty spot.
Excel you had posted with performance from 13/4/2011 to 6/7/2012 or the Excel from 2007 to 2012 were having results which are much above the expectations of a normal Trader.
I am unable to understand why now you are mixing different Strategy with your Original Strategy, kindly explain what were the doubts you had in your Original Strategy that you had mixed up with other Strategy and now your Original Strategy is not for a simple trader any more.
Lastly I would request you for some other Strategy which is as good as your Original Strategy in terms of simplicity & returns.
Regards & Thanks