Karthik's EOD Strategy...

[karthik_sri]

PFC has given a buy above 211.Karthik,your thoughts please.

I have not uploaded the cash market data. But in futures data PFC is not showing Buy signal.

No signals generated today (EOD)

 

[asnavale]

PFC has given a buy above 211.Karthik,your thoughts please.

Yes, in CASH segment PFC is a BUY. But be aware of resistance near 214.

-Anant

 

[anilnegi]

I have not uploaded the cash market data. But in futures data PFC is not showing Buy signal.

No signals generated today (EOD)

Karthik

PFC today EMA3-206.58, EMA10- 205.44, EMA30-203.49
ADX- +DI- 28.72 - DI-18.72,

i think it is a perfect buy, isnt it

anil

 

[akxsat]

Dear Karthick,

I think Bank nifty also buy.
pls chk and confirm.

(RBI meet ahead)

 

[PartTime_Trader]

Thanks bro for your contribution...yes the code matches with the setup...what is the "Triangle" which is comming apart from the Buy/Sell arrows?

The triangles can be used to scale-in out (ADDs / Partial booking)

Guys, thanks for all the enthusiasm.... Can someone take the responsibility of daily posting the call and tracking the performance of the call....
@parttime: great job, can you add the stoploss rule in your AFL...
@karthik: As usual great stuff....Thanks mate

Please tell me what is the Stop Loss condition that needs to be coded?

parttime:, can you add the stoploss rule in your AFL... and what are triangles coming in this afl ?
R they raw signals ?

No not raw signals, We have 4 conditions

Long Setup: both ema3 & ema10 are above ema 30

1. Buy. [both are aligned] i,e, PDI > MDI AND EMA3 > EMA10 => Up Arrow
2. Sell [either one of ADX OR EMA is not aligned] => Down triangle

Short Setup: both ema3 & ema10 are below ema 30

• Short [both are aligned] i.e. PDI < MDI AND EMA3 < EMA10 => Down Arrow
• Cover [either one of ADX OR EMA is not aligned] => Up triangle

The ribbon gives the state of the ADX (Blue when PDI > MDI and Red when PDI < MDI)

Cheers
:thumb:

 

[coolabhi99]

The triangles can be used to scale-in out (ADDs / Partial booking)



Please tell me what is the Stop Loss condition that needs to be coded?




No not raw signals, We have 4 conditions

Long Setup: both ema3 & ema10 are above ema 30

1. Buy. [both are aligned] i,e, PDI > MDI AND EMA3 > EMA10 => Up Arrow
2. Sell [either one of ADX OR EMA is not aligned] => Down triangle

Short Setup: both ema3 & ema10 are below ema 30

• Short [both are aligned] i.e. PDI < MDI AND EMA3 < EMA10 => Down Arrow
• Cover [either one of ADX OR EMA is not aligned] => Up triangle

The ribbon gives the state of the ADX (Blue when PDI > MDI and Red when PDI < MDI)

Cheers
:thumb:

Dear PTT,

Thanks a ton and Very Nice AFL....Can you also make the exploration for the same??

Regards,

 

[PartTime_Trader]

Dear PTT,

Thanks a ton and Very Nice AFL....Can you also make the exploration for the same??

Regards,

Yes can be done, will post it along with the SL, once some one posts the rules being used for SL.


Cheers
:::thumb:::

 

[shashank yadav]

Yes can be done, will post it along with the SL, once some one posts the rules being used for SL.


Cheers
:::thumb:::

PARTTIME_TRADER please see thread no.-219 of karthik stopp loss is

SL: we keep EMA30 as SL (which means the signal day)
Exit: Price not touching 3EMA or some fixed % according to the risk taking appetite

 

[PartTime_Trader]

Hello

EMA-30 is already being plotted, so that can be used as SL, but to my mind its not a proper SL, we can use it as a disaster stop.

If you want any other SL line plotted can be done maybe something based on ATR etc.

Cheers
::thumb::

_SECTION_BEGIN("Karthik's_EOD_System");
//SYSTEM
M3  	=	EMA(C, 3);
M10 	=	EMA(C,10);
M30 	=	EMA(C,30);

Long_Setup 	=	M3 > M30 AND M10 > M30;
Short_Setup	=	M3 < M30 AND M10 < M30;

Buy 	=	Long_Setup AND M3 > M10 AND PDI(14) > MDI(14);
Sell	=	M3 < M10 OR  PDI(14) < MDI(14);
Buy 	=	ExRem(Buy,Sell);
Sell	=	ExRem(Sell,Buy);

Short	=	Short_Setup AND M3 < M10 AND  PDI(14) < MDI(14);
Cover	=	M3 > M10 OR PDI(14) > MDI(14);
Short	=	ExRem(Short,Cover);
Cover	=	ExRem(Cover,Short);
SetPositionSize(1,4);

//Plots
Plot(M3, "M03",colorBlue, styleLine);
Plot(M10,"M10",colorRed,  styleLine);
Plot(M30,"\n\nSTOP LOSS = ",colorGreen,styleThick);
Plot(2,"",IIf(MDI(14) > PDI(14),colorRed,colorBlue), styleNoLabel | styleOwnScale | styleArea,-3,100);

PlotShapes(Buy  *shapeUpArrow,   colorBlue,0,L); 
PlotShapes(Short*shapeDownArrow, colorRed, 0,H); 
//PlotShapes(Cover * shapeSmallUpTriangle,   colorBlue,0,L); 
//PlotShapes(Sell  * shapeSmallDownTriangle, colorRed, 0,H); 

Filter	=	Buy OR Short;
SetOption("NoDefaultColumns", True );
AddColumn( DateTime(), "Date", formatDateTime );
AddTextColumn(Name() , "Ticker" );
AddColumn( IIf( Buy, 66, 83 ), "Signal", formatChar ); 
AddColumn(M30, "STOP AT"); 
AddColumn( Close, "Close" );
_SECTION_END();

_SECTION_BEGIN("Price");
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() ); 
_SECTION_END();

 

[prst]

The triangles can be used to scale-in out (ADDs / Partial booking)



Please tell me what is the Stop Loss condition that needs to be coded?




No not raw signals, We have 4 conditions

Long Setup: both ema3 & ema10 are above ema 30

1. Buy. [both are aligned] i,e, PDI > MDI AND EMA3 > EMA10 => Up Arrow
2. Sell [either one of ADX OR EMA is not aligned] => Down triangle

Short Setup: both ema3 & ema10 are below ema 30

• Short [both are aligned] i.e. PDI < MDI AND EMA3 < EMA10 => Down Arrow
• Cover [either one of ADX OR EMA is not aligned] => Up triangle

The ribbon gives the state of the ADX (Blue when PDI > MDI and Red when PDI < MDI)

Cheers
:thumb:

PFC down today