Intraday profit system

[priyanshu27]

If anybody wants then i can provide charts also.

yes dada i want this chart

 

[pappua89]

charts please it will give a better idea , and thanks for sharing your strategy ...

 

[imranb_001]

I think its good if theres a continuos trend. But nowadays there is reversal in most stock in just minutes. I would like to know if there is an indicator to forecast the strongness of the trend in particular.

 

[s29ajay]

Dear Debarbhya,
Vary good effort,but MA is lagging indicator that's why used other indicator which will give in advance Trend reversal signal that will help to take early entry.
Better work out on Volume/Price concept.....will trigger better...
for further communication will be in touch with [email protected]

Hello to the members of Traderji. I am new in stock market. And very new in Traderji.com . This website has helped me lot to understand different technical indicators as well as different strategies that really works. I like to thank Saint, Trade Hunter, Pride, Columbus and many other senior traders :thumb: :thumb: . I read many books on technical analysis. After having few ideas about this vast knowledge ocean I made my own strategy. There is nothing new in my system, I just have used basic Moving averages, Stochastic or MACD.

But I am not sure whether I should post here or not . If you guys promise me that you will review my system and will help me to make it more perfect, then I will post it here. I just want suggestion from seniors.

 

[tharun232]

First of all I like to thanks my friend Srinivasan Lakshminarayanan(sln1941) for encouraging me for this post. I was hesitating to post my system here. Because I was not sure whether it will be good to post system here or not, because I am new in trading. I am following Indian stock market for last 2-3 years, before I jumped up in market with real market. Market always gave me thrill to be part of it. I made wining trades as well as loosing trades. But Most of time I lost money because I have followed others advice for success. Once I decided to leave market. Then Again I started searching and find out that TIPS destroy my money. It is better to make mistake by my own decision than losing money with others advice.
So after many searches in many websites and most importantly Traderji.com , I made my system. But as I am new to this system, I am again asking all the members to find out if this system really works or not. Because I saw 98% winning in this strategy. Even if you lose money, your winning trades will cover up.
I use Sharekhan Trade Tiger, no any other trading software. So I made back testing on this strategy manualy with last 1 months with many scripts. This strategy is not script specific.
Now enough chit-chat I made. Here is my strategy

What we need: 3 EMA, 13 EMA, 39 SMA, Stochastic(8,3,4). If anybody wants then can use MACD also, for extra confirmation.
Time Frame: 5 min time frame. If you want duaal confirmation, then use 10 min chart and 5 min. But my preliminary time frame is 5 min.
Our trigger is just like many system when 3 EMA crosses 13 EMA. I use 39 SMA as my base/trend/stop loss trigger.
Long Call:
39 SMA should be flat or incrementing. Incrementing 39 SMA is better than other flat. Now once 3 EMA cross 13 EMA from bellow, we are ready to take trade. After cross we will take position on a green body candle after the cross. Now we need to take care of strong momentum or we can catch some whipsaw. So I recommend that take position if stochastic shows reading more than 16. It is better to have value above 20 for extra confirmation. I avoid position if it decrements an coming bellow 20. Then wait for a turn.
Stop loss= Our stop loss will be above 39 SMA, and you can adjust it with your risk appetite. I use ADX for volatility calculation. But make sure that your stop loss is above 39 SMA.
Once our trade is favour of us we will increment our stop loss gradually. Only because I don’t want to make my wining trade a losing trade.
Exit Policy= I don’t want to exit by myself. I prefer to be in trade till that don’t hit my stop loss. But is better to square off some of our trade once 3 EMA cross 39 SMA. I saw that many times 3 EMA cross make final turn of the trade and sometimes it makes short term correction of the price for better rally.

Short call:
It is just reverse of long call. Everything will remain same only this time 39 SMA will be at top and 3 EMA and 13 EMA will cross it. Stochastic must be above 16 and incrementing.

May this system looks like very similar to the system you use, I don’t want to take any credit for that. I just have collected many system information and made this simple set up. I saw that this system is easy to use and it has many adjustment. Like Base trend follower 39 SMA, basic stop loss level calculation, sort term momentum recognition (3 and 39 cross).
I made back testing but I still looking for feedback from other members.

Hello,
thanks for thread can u provide me the afl for your strategy

 

[akki_trader]

First of all I like to thanks my friend Srinivasan Lakshminarayanan(sln1941) for encouraging me for this post. I was hesitating to post my system here. Because I was not sure whether it will be good to post system here or not, because I am new in trading. I am following Indian stock market for last 2-3 years, before I jumped up in market with real market. Market always gave me thrill to be part of it. I made wining trades as well as loosing trades. But Most of time I lost money because I have followed others advice for success. Once I decided to leave market. Then Again I started searching and find out that TIPS destroy my money. It is better to make mistake by my own decision than losing money with others advice.
So after many searches in many websites and most importantly Traderji.com , I made my system. But as I am new to this system, I am again asking all the members to find out if this system really works or not. Because I saw 98% winning in this strategy. Even if you lose money, your winning trades will cover up.
I use Sharekhan Trade Tiger, no any other trading software. So I made back testing on this strategy manualy with last 1 months with many scripts. This strategy is not script specific.
Now enough chit-chat I made. Here is my strategy

What we need: 3 EMA, 13 EMA, 39 SMA, Stochastic(8,3,4). If anybody wants then can use MACD also, for extra confirmation.
Time Frame: 5 min time frame. If you want duaal confirmation, then use 10 min chart and 5 min. But my preliminary time frame is 5 min.
Our trigger is just like many system when 3 EMA crosses 13 EMA. I use 39 SMA as my base/trend/stop loss trigger.
Long Call:
39 SMA should be flat or incrementing. Incrementing 39 SMA is better than other flat. Now once 3 EMA cross 13 EMA from bellow, we are ready to take trade. After cross we will take position on a green body candle after the cross. Now we need to take care of strong momentum or we can catch some whipsaw. So I recommend that take position if stochastic shows reading more than 16. It is better to have value above 20 for extra confirmation. I avoid position if it decrements an coming bellow 20. Then wait for a turn.
Stop loss= Our stop loss will be above 39 SMA, and you can adjust it with your risk appetite. I use ADX for volatility calculation. But make sure that your stop loss is above 39 SMA.
Once our trade is favour of us we will increment our stop loss gradually. Only because I don’t want to make my wining trade a losing trade.
Exit Policy= I don’t want to exit by myself. I prefer to be in trade till that don’t hit my stop loss. But is better to square off some of our trade once 3 EMA cross 39 SMA. I saw that many times 3 EMA cross make final turn of the trade and sometimes it makes short term correction of the price for better rally.

Short call:
It is just reverse of long call. Everything will remain same only this time 39 SMA will be at top and 3 EMA and 13 EMA will cross it. Stochastic must be above 16 and incrementing.

May this system looks like very similar to the system you use, I don’t want to take any credit for that. I just have collected many system information and made this simple set up. I saw that this system is easy to use and it has many adjustment. Like Base trend follower 39 SMA, basic stop loss level calculation, sort term momentum recognition (3 and 39 cross).
I made back testing but I still looking for feedback from other members.

Hi Debarghya Mukherjee,
Thank you for your strategy. I too found something similar but am using RSI than Stochastic, also I use 39 or 50 EMA. I am still working on it and will post the complete strategy once I feel completely satisfied with it. Anyways, thanks for your strategy, its always good to know someone is making money with a similar strategy and making money :clap:
Happy Trading !:thumb:

 

[Biswajit Das]

Hi Debarghya Mukherjee,
Thank you for your strategy. I too found something similar but am using RSI than Stochastic, also I use 39 or 50 EMA. I am still working on it and will post the complete strategy once I feel completely satisfied with it. Anyways, thanks for your strategy, its always good to know someone is making money with a similar strategy and making money :clap:
Happy Trading !:thumb:

but where is Debarghya.......?

 

[winglessflyer]

AFL for Triple SMA strategy.

AFL for this strategy.

I actually created for the users who are requesting them.

You can change the parameters of 3 moving averages as per your need.

Technically these types of strategies might have worked very well a few decades back. For the current kinda markets it would be better if you use a better strategy with non-lagging indicators.

//////////////////////////////////////////////////////////////////
//// COPY THE CODE BELOW AND PASTE THEM AS AFL /////
//////////////////////////////////////////////////////////////////

SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
Plot( C, "Close", ParamColor("Color", colorDefault ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() );

fmaper = Param("Fastest MA Period", 3, 1, 50);
mmaper = Param("Middle MA Period", 15, 1, 100);
smaper = Param("Slowest MA Period", 39, 1, 500);

periods = Param( "Periods", 15, 1, 200, 1 );
Ksmooth = Param( "%K avg", 3, 1, 200, 1 );
Dsmooth = Param( "%D avg", 3, 1, 200, 1 );

stocd = StochD( periods , Ksmooth, DSmooth );a
stock = StochK( periods , Ksmooth);

fastma = MA(C, fmaper);
midma = MA(C, mmaper);
slowma = MA(C, smaper);

Plot( fastma , _DEFAULT_NAME(), ParamColor( "Color Fast MA", colorCycle ), ParamStyle("Style Fast MA") );
Plot( midMA , _DEFAULT_NAME(), ParamColor( "Color Middle MA", colorCycle ), ParamStyle("Style Mid MA") );
Plot( slowMA, _DEFAULT_NAME(), ParamColor( "Color Slow MA", colorCycle ), ParamStyle("Style Slow MA") );

//raising ma.
Buyc1 = slowma > Ref(slowma, -1);
Buyc2 = Cross(fastma, midma);
buyfilter = stock > stocd AND stock > 20;

Sellc1 = slowma < Ref(slowma, -1);
Sellc2 = Cross(midma, fastma);
sellfilter = stock < stocd AND stock < 80;

"Buyc1 : " + Buyc1 ;
"Buyc2 : " + Buyc2 ;
"buyfilter : " + buyfilter ;

"Sellc1 : " + Sellc1 ;
"Sellc2 : " + Sellc2 ;
"sellfilter : " + sellfilter ;

Buy = Buyc1 AND Buyc2 AND buyfilter ;
Sell = Sellc1 AND Sellc2 AND sellfilter ;

Cover=Buy = ExRem(Buy, Sell);
Sell=Short = ExRem(Sell, Buy);

BuyPrice=CoverPrice=ValueWhen(Buy, C);
SellPrice=ShortPrice=ValueWhen(Sell, C);

PlotShapes(shapeUpArrow * Buy, colorGreen, 0, L);
PlotShapes(shapeDownArrow * Sell, colorRed, 0, H);

//////////////////////////////////////////////////////////////////

-----------------------------------------------------------
TRADING IS NOT A ROCKET SCIENCE, ONE HAS TO CREATE A BALANCE BETWEEN HIS LOGICAL THINKING & CONTROL OVER EMOTION.
I ALWAYS REGRET FOR THOSE WHO LOSE MONEY, BUT THAT'S WHAT TRADING IS ALL ABOUT.

 

[hauler]

losses guaranteed for less experienced traders in following these kinds of vanilla strategy.

 

[Biswajit Das]

losses guaranteed for less experienced traders in following these kinds of vanilla strategy.

did u see when debarghya has left this thread......????? pls, follow current thread and present ur questions.....who is currently not available at tj why u open old thread.....nobody is available in this thread to reply ur query and debarghya's strategy is perhaps not working (I am not sure) at these days....so no members are interested this thread.....