Karthik's EOD Strategy...

[rkkarnani]

http://www.traderji.com/metastock/1970-inside-day-equis-breakout-metastock-formula.html

 

[rangarajan]

http://www.traderji.com/metastock/1970-inside-day-equis-breakout-metastock-formula.html

Sir,
R U having the strategy suggested in the link.(Powertool)

 

[rkkarnani]

Sir,
R U having the strategy suggested in the link.(Powertool)

No I dont have it. Part of powertool , it seems was 3 bar netline strategy and was discussed very shortly in Traderji also :
http://www.traderji.com/metastock/28069-three-bar-net-line.html

 

[chachaji]

Hi ,

I am new to this thread , but have gone through all the msgs last night .

Thanks to Karthik's for this Trading S..

Axis Bank might give short trigger today as per strategy watch out .

PS: I am not counting 30 EMA part .

Regards

 

[anantharaaman]

karthik y not updated pls post regularly

 

[stocksforindia]

Signals for 07.01.2013
~~~~~~~~~~~~~~

Dear Murthy ,

If possible please share your excel sheet with members .

Regards

 

[masiegp]

Hello,

excuse me - where can I find the afl-code for this strategy ?

Thanks for reply !

 

[amitsh27]

why no movement in this thread? seems all like to earn on daily basis (intraday).....

 

[prst]

I have tested adding another EMA of 30 period (EMA30) to filter the Noise

The rest of the rules remains same as it is mentioned in page 1 of this post. A little modification and just summarised for the benefit of all.

Setup:

EMA : 3, 10 & 30
ADX : 14

Entry:

for Long/Buy: EMA3 crossover EMA10 & EMA30
After crossover please see that the sequence is like EMA30 then EMA 10 and last EMA3
ADX: +DI > -DI

for Short/Sell: Vice versa of Buy setup

No Trade if any of the above condition is not met.

I have attached futures chart of ABB.

http://i.imgur.com/NTou06K.png

1). The 3EMA crossover on 10EMA happened on 19.10.12 & +DI > -DI
2). 22.10.12 the ADX crossover happened and -DI > +DI
3). But 3EMA crossover on 30EMA didnt happened
4). On 23.10.12 3EMA crossover on 30EMA happened.
5). The main condition of sequence didnt happened on 23.10.12 i.e 30, 10, 3 the values from Higher to Lower.
6). On 25.10.12 the same happened i.e EMA30 was above all the EMAS, EMA10 below EMA30 and above EMA3, and EMA3 was below the other two EMA's.
7). The low of 25.10.12 is 746.35 and we enter on low of 746.35

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

In the next few threads I will explain you how this filter has avoided Whipsaw with charts!

Karthik

Hi Karthik,
firstly, thanks to the excellent thread.
It already has a good filter, in adx - an indicator which many underestimate .
Good to see usage of 30 ema additional filter (seems to be similar to another strategy by STda here in TJ, called QuadraSafe strategy).
I suggest one can use the 50EMA as a trend identifier. ie, long trades if slope of 50EMA is tilting upwards and vice versa.
just my 0.02s...

 

[harshda]

Dear members,
i m not able to write afl plz help me for following condition
cond 1 running candle open and close is less then privious (-1) candle high and close .

cond 2 privious candle (-1) open and close is less then privious (-2) candle high and close.