Intraday profit system

[anantharaaman]

use just 3ema with 15sma and rsi 5 once 15cross 3 with rsi 70 buy and same to cross 3 with 15 rsi 30 sell comment on this and help to develop

 

[4xpipcounter]

You are learning quickly through the ups and downs of trading. You seem to be letting both work for your good, which is good experience.

Thank you Paul,
It is more important for me to accept my trading system is wrong or something I did wrong. Then i can learn. After 3-4 consecutive loss mind set up changes that is "May be something wrong is going on in me or in system". But after one single win we again gains back confidence.

 

[timepass]

use 5m tf with 3/34ema with 15sma for intra i dont know to how post the chart in forum. pls check it with chart

use just 3ema with 15sma and rsi 5 once 15cross 3 with rsi 70 buy and same to cross 3 with 15 rsi 30 sell comment on this and help to develop

The chart that you have posted is of nifty daily. So do you use this strategy for intraday or EOD ??

Anantharaaman, wouldn't RSI below 30 mean oversold already and above 70 mean overbought already. Will there be a trade for further sell/buy ??


RSI(5) .. never thought of it. Back to drawing board for deciphering the meaning and formula of RSI and effect of changing its parameters. Backtest if my TT2 supports it.

 

[jallanankit]

The chart that you have posted is of nifty daily. So do you use this strategy for intraday or EOD ??

Anantharaaman, wouldn't RSI below 30 mean oversold already and above 70 mean overbought already. Will there be a trade for further sell/buy ??


RSI(5) .. never thought of it. Back to drawing board for deciphering the meaning and formula of RSI and effect of changing its parameters. Backtest if my TT2 supports it.

Hello..
If u r talking abt the chart posted in POST no 282, i think u r wrong, as the chart has multiple timing for same date, see below.. so it cannot b daily chart..!! On trying to figure out which tf it may b.. i referred to some of his previous posts..In post no 276, the user advocates amethod using 5 min tf.. so may b its a 5 min chart...(quite possible seeing the timings on the lower part of the chart)

 

[4xpipcounter]

Samapada,
SMA-- Simple Moving Average.
EMA-- Exponential Moving Average.

I know both types can be found on any MT4 platform
Simple is just that. It measure the average of the last x amount of candles. It's moving because of the very nature of the markets. It has to be.
Exponential- It just adds a weighted algorhythm to the SMA.

pls guide me about these EMA, SMA.............. how can I calculate this.?

 

[vikrit]

use just 3ema with 15sma and rsi 5 once 15cross 3 with rsi 70 buy and same to cross 3 with 15 rsi 30 sell comment on this and help to develop

plz explain whether rsi should be above/below or equal to 70/30 to buy/sell, and if at crossover rsi is not that level, then afterwards should enter or not?


i experienced 2 big problems with ma's crossover system SPECIALLY IN INTRADAY MARKET-

1. trading in whipsaw market, tight range market and good range market with heavy volatility.

2. EXIT. as it can even make a profitable trade a losing one.


so, as it cant be tell exactly how mkt will move (as per my present knowledge, if anybody knows how plz guide me), so for 1st problem there can be a filter by including something to measure momentum or volatility. as u are using rsi. it will filter some of trades not all.

but what about exit? you did not mention anything?

 

[SB2000]

I think this works for most guys. I remember someone else too posting on this forum 3,13,39 crossover strategy (but little different from yours).

 

[SB2000]

Crossover system does not work perfectly in a whipsaw kind of a market, however, that is where we use RSI and Slow STochastics. But a combination of cross-over coupled with oscillators, would take care of the whipsaws. However, it would still work fansatically well, when playing for 5-10 points movement/trade.

 

[Debarghya Mukherjee]

Ohhh Somebody took my copyright? Why? Why? How Could he?

I am just joking. If anybody used same 3,13,39 set up like me, then it is just coincident. Because I have 10-12 different systems for myself, no need to copy others. However how my thread readers and strategy followers getting help from my system?
I was little busy could not participate for last few days in my thread. I expect more question here.

I think this works for most guys. I remember someone else too posting on this forum 3,13,39 crossover strategy (but little different from yours).

 

[Debarghya Mukherjee]

Dear SB2000,
Moving average cross over system never can work alone. There is no system that can work alone. You must use multiple tools to make one strategy. Moving average is one of them. SMA, OR EMA are lagging indicators, so you can confirm your trade with them. But you must use some other indicator to judge the momentum of your trade. That is how powerful is the movement of current trend.

Crossover system does not work perfectly in a whipsaw kind of a market, however, that is where we use RSI and Slow STochastics. But a combination of cross-over coupled with oscillators, would take care of the whipsaws. However, it would still work fansatically well, when playing for 5-10 points movement/trade.