Karthik's EOD Strategy...

[PartTime_Trader]

Exit Condition

PlotShapes(IIf(H < EMA(C,3), shapeSmallCircle, shapeNone), colorRed,  0, H, 12);
PlotShapes(IIf(L > EMA(C,3), shapeSmallCircle, shapeNone), colorBlue, 0, L,-12);

Cheers
::thumb::

 

[rkkarnani]

Correct me if I am wrong. By the time the 3 and 10 ema moves over 30ema, the adx(14) would have already crossed. So adx(14) as a filter becomes ineffective with 3>10>30 or vice-versa strategy.

Yes Observer, There may be a need for correction ! Jokes apart...
Just have a look at few charts, just because 3>10>30 EMA's cross does not mean that there would be Cross of +Di and -DI also ! Maybe it happens that way a few times but cannot be always.
Shall try to post a chart showing EMA and ADX cross separately.

 

[rkkarnani]

Yes Observer, There may be a need for correction ! Jokes apart...
Just have a look at few charts, just because 3>10>30 EMA's cross does not mean that there would be Cross of +Di and -DI also ! Maybe it happens that way a few times but cannot be always.
Shall try to post a chart showing EMA and ADX cross separately.

Observer, seems that your observation is more accurate!
I have the need for correction !
In most cases what you wrote seems to be correct. Yes, the ADX crossover on most occasions already occurs by the time 3>10>30 EMA cross happens ! Thanks and sorry for my earlier posting without checking properly !

 

[asnavale]

Observer, seems that your observation is more accurate!
I have the need for correction !
In most cases what you wrote seems to be correct. Yes, the ADX crossover on most occasions already occurs by the time 3>10>30 EMA cross happens ! Thanks and sorry for my earlier posting without checking properly !

Yes, EMA30 is almost reduntant. It is quite rare to have EMA(3) > EMA(10) > EMA(30) but +DI below -DI. But when it happens, the entry mostly goes in loss. Therefore, it may be prudent to check EMA(30), but not make it mandatory.

If you find a situation where EMA(3) > EMA(10) but EMA(30) is above one of them, AND +DI > -DI, then it is better to wait to see if EMA(30) goes below the other two EMAs and ADX condition is also satisfied. In such cases the entry may be a bit delayed but we are protected from incurring loss.

-Anant

 

[prabhsingh]

Anant Sir,

In cash segment,IDFC gave a sell signal on 24/01 and on 25/01 low was 163.05 but it closed at 169.65 and since then sell signal has not given profits.Kindly can you explain why we should have restricted for not going short on 25/01.

 

[vinst]

Hi friends,

try a combination of ema3, ema15 and +DI/-DI. initial studies seems to show good results.

 

[asnavale]

Anant Sir,

In cash segment,IDFC gave a sell signal on 24/01 and on 25/01 low was 163.05 but it closed at 169.65 and since then sell signal has not given profits.Kindly can you explain why we should have restricted for not going short on 25/01.

IDFC gave SELL trigger on 11th Jan, if you do not use EMA(30) filter. So the trade is still in force.

If you use EMA(30) filter, the trigger was on 24th. This is what I meant by Delayed Entry if you strictly follow EMA(30) filter. If you go short with this trigger your entry is on 25th, you are still in trade as SL is not triggered. For weak hands, SL is close above 172.70 and for more brave risk takers SL is above 179.75. However, for such risk takers, the shorting trigger was on 9-1-13 with entry below 177.15 and initial SL of 185.30.

-Anant

 

[rkkarnani]

Hi friends,

try a combination of ema3, ema15 and +DI/-DI. initial studies seems to show good results.

At a glance even the Karthik's original 3EMA and 10ema with ADX seemed better to me than this revised version. Did not analyse any one of them, just a first impression on seeing the charts with these parameters.

 

[nirmal82]

i read again and again very big confuse. any one helo with image latest tared with this stat-age i very good method but same confuse. plz my seiner sir explain with chart link image thanks god bless u all all any one explain in Hindi very simpal exploration

 

[prabhsingh]

IDFC gave SELL trigger on 11th Jan, if you do not use EMA(30) filter. So the trade is still in force.

If you use EMA(30) filter, the trigger was on 24th. This is what I meant by Delayed Entry if you stricly follow EMA(30) filter. If you go short with this trigger your entry is on 25th, you are still in trade as SL is not triggered. For weak hands, SL is close above 172.70 and for more brave risk takers SL is above 179.75. However, for such risk takers, the shorting trigger was on 9-1-13 with entry below 177.15 and initial SL of 185.30.

-Anant

Anant Sir,

For risk takers, on 09-01,EMA(3) is still greater than EMA(10) hence criteria's does not gets satisfied then why would somebody initiate trade below 117.15.Not able to understand this point.