Karthik's CRUDE Intraday Strategy

[karthik_sri]

dear kartikji R R IS NEARLY 1:3 IS IT ADVISABLE OR ANY THING WE CAN DO?PLEASE SHARE.

Yes bro...pls check my comment in the thread...it will clarify...I would request you to backtest this strategy for a month with 10 points of profit and with RR points Pls dont take in other way that I am asking you to do a job rather to do it of myself!

 

[PUCHU_2500]

thank u karthik sir for your another simple and golden method. crude traders surely will gain from this system.
again thanks

 

[marimuthu13]

Yes bro...pls check my comment in the thread...it will clarify...I would request you to backtest this strategy for a month with 10 points of profit and with RR points Pls dont take in other way that I am asking you to do a job rather to do it of myself!

sir,
I think your 2 bar system in 5 min chats traded during US market hours would be optimal system for crude oil...

 

[PUCHU_2500]

Is nobody testing this system ?

 

[karthik_sri]

I will post some charts....

 

[karthik_sri]

Todays Crude Trade 09.12.14

The Open & Close is above 3EMA Open. Since to have good target exit I am applying the logic of Candle touching the 3EMA band. Which means we should exit at the price of the candle touching 3EMA band. Let me explore/experiment the same by going backwards testing! In this trade if the logic is applied we would exit at 3970.

 

[karthik_sri]

CRUDE 08.12.14

In this we had 3 trading oppertunity. The Triggers were marked in RED and Target/Exit marked in BLUE Arrow's. The last trade the exit was not as per the logic of price touching 3EMA band but closed at the end of market hours.

In total with 3 trades we have earned 61 points!
1st Trade :1 Point
2nd Trade : 1 Point
3rd Trade : 59 Points

 

[umeshmandal]

Just curious : Why did you choose to trade the EMA of "OPEN" !???

 

[karthik_sri]

Just curious : Why did you choose to trade the EMA of "OPEN" !???

I want to take ROAD LESS TRAVELLED! Mean to say no one has touched or applied Nothing else but I found this good:thumb:

 

[karthik_sri]

CRUDE : 04.12.14

We had one oppertunity to Buy on the 3rd canlde. But the price didnt touch the filter condition of 8 points plus the trigger candle.

The 2nd oppertunity marked with arrows with entry & exit (Sell in RED, Exit in BLUE)
Profit points 69 points (Entry at 4197, Exit at 4128)