Karthik's EOD Strategy...

[asnavale]

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

Your English is very confusing. You can write in Hindi so that we can understand and help you.

(Aap Hindi mein likhiye, hum aap ki sahaayata karenge.)

-Anant

 

[nirmal82]

very good help all is well

 

[anantharaaman]

as per eod with adx kotakbank cross 655 above can buy for long as per yestday it will fly now book the profit of nearest eod high for safe

now today kotak bank high 684.8 still in buy

 

[akxsat]

for Exit: when price has not touched - low of the candle will be exit.

suppose, if price keep touching... then where will be exit
just chk the image below attached.

tks..

Hi Akxsat,
Since you have not mentioned when you have taken the buy on BPCL, the buy signal on Dec'12 happened on 5th Dec'12 with the condition of EMA & ADX met. The buy signal was generated on 05.12.12 with High 361.15 & Low 350.55 The SL would be 339.92 (which is 30EMA) The buy order trigerred on 06.12.12 and on 07.12.12 the price was not touching 3EMA which means we should exit or sell our holding on next day.

The next signal generated on 28.12.12 (High 365, Low 348, SL 348.25 (30EMA)). The buy order trigerred on 02.01.13 and the scrip was in uptrend and on 21.01.13 the price was not touching 3EMA which means we have exit or sell our holding. We exit on 22.01.13 with decent profits.

In both the above Trades SL was not hit. SL part I have clarified and marked in the chart also.

http://i.imgur.com/PKB8AFN.png

 

[karthik_sri]

for Exit: when price has not touched - low of the candle will be exit.

suppose, if price keep touching... then where will be exit
just chk the image below attached.

tks..

Please keep some fixed % as target as sometimes u will not such cases of price not touching 3EMA.

 

[karthik_sri]

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.

Additional filter of 30EMA made to filter the whipsaw Noise! But the more the periods are less the more the Whipsaw! We may get a catch of huge movement after Whipsaw that is for sure! How we take it is in our hands

 

[karthik_sri]

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.

I use ADX as additional filter to guage the Trend. There is a reason behind that. Please take a scrip and analyse for 6 months or 1 year with EMA cross over separately and with the filter combination of ADX & EMA. You will find the reason behind it!

 

[anup]

Hi Karthik,

For the benfit of all reposting the entry and exit criteria. Correct me if i am wrong:

Setup
Time Frame : Daily
chart: EMA 3 & EMA 10 & EMA 30 on close price
ADX : 14

Entry Rule:

Buy : 3 EMA cross 10 EMA from and 30 EMA below
ADX: +DI > -DI
SL : Low of the trade trigerred candle

Sell : 3 EMA cross 10 EMA and 30 EMA above
ADX: -DI > +DI
SL : High of the trade trigerred candle

Exit : When the price not touching 3EMA (or) some fixed % depending upon the risk taking appetite.

Important: There will be no trade if the condition of EMA & ADX both are not met

 

[nirmal82]

any one say good worked any stock name for this method give 90% result

 

[anup]

any one say good worked any stock name for this method give 90% result

Nirmal Bhai,Aap ka english samajh mein nahin aa raha hai... Aap hindi mein boliye aur hum bhi hindi mein reply karenge..