no one going to earn even single rupee day trading

[abhiwhy]

thanks for the prompt reply abhi.

i shall try this setting tomm while trading, though something is still not clear as maybe you are talking about 50 sma trendline.

i could not understand the phrase about 50 sma being over...it...
in the chart i see 50 sma on left of the candlesticks when short signal & 50 sma on right when buy signal & i could make out the crossover happening, but failed to see 50 sma over it

regards,
rishi

bhai mere its same thing :annoyed: ok!!!!!!!!!!! u forget over it and under it ,

long on golden cross and short on dead cross.

50 sma trendline. is okey .

((((((trendline is never in right or left to price but under or over on a given time , see a price chart and zoom there now bring cross hair to any specified bar , the value of moving average will come below or above or equal , what does cross means ?????????????? cross means either value of price goes above moving average or goes below it , suppose price is at 100 and moving average (suppose 50 period) also at 100 , now it price increases to 102 it is a golden cross and value of price will be greater than the value of moving average & if price falls to 98 it is a dead cross and price will fall below the value of moving average )))))))

 

[Mangafreakz]

@Abhi
As you said , in a rangebound market , 50 SMA on 1min TF will cause some false signals and whipsaws. How about taking only those trades in the Day's direction? For example if so far the day's candle is in Red , we are taking only the Short tradees.

 

[HEM]

Richo, where is ATRTrading code....?

sorry on answering on behalf of Richo but see post 27:thumb:

see friends,
if u think moving average cross over provides better buy or sell signals u could use it , its also good , but the main theme is ur exit we have become use to to convert our profitable and in the money trades into losses , i want to make lesser but successful trades, so if u use ma crossover it works fin e , i have n't tasted it and can't say which perticular arrangement would be good , so just experiment with it ,
i have introduced this money booking technique to just bring ur attention towards this aspect only , because BUND BUND SE GHARA BHARTA HAI
u can learn too much and get expertise sooner if u practice more ,experiment more and dovelop a rational look.
also i m posting here auto trade alert afl on amibroker users .
this afl i have got from any thread of traderji , from where i don't remember actually , so u could even test it in live situation to get buy and sell signals but remember don't change the exit strategy (its simply best ), i m presently experementing with undermentioned system and soone will present converted and improved format.
but m sure it has huge potential of growth take a look .
also i have got people talking about money management and stops ,
i would like them first to get a touch with these terminologies better .
stoplosses are like Parachutes ,and for safty , if ur flight engine gets fail or any such accidents u could jump from plane ,helecopter or whatever .
but they also have limitations , neither u could use them above 100,000 feet nor below 300-400 meter , at higher altitude u will die due to pressure differences at lower level u would die because it would not open for such a small distances .
so firstly see the situation with lot of concentration , study it properly , if u find some problems , better to suggest improvements for the loop holes for a mutual benefit and growth .
if u still doubt my intentions , u could avoid all my techniques.
thanking u all for ur visits and reply
happy thading

abhi




_SECTION_BEGIN("ATRtrading");
period = Param("Period", 13, 1, 240, 1);
mult = Param("Multiplier", 1.7, 1, 240, 0.1);

f=ATR(period);

VS[0] = Close[0];
trend[0] = 0;
HighC[0]=0;
Lowc[0]=0;

for( i = period+1; i < BarCount; i++ )
{

vs = vs[i-1];
trend = trend[i-1];
highC = HighC[i-1];
lowc = lowc[i-1];

if ((trend>=0) && ( C <VS ))
{
trend =-1;
HighC = C;
lowc = C;
}

if ((trend<=0) && (C >VS))
{
trend=1;
HighC = C;
lowc = C;
}

if (trend==-1)
{
if (C<lowc) lowc = C;
VS= lowc+ (mult*f);
}


if (trend==1)
{
if (C>HighC) HighC = C;
VS= HighC-(mult*f);
}

}


Buy=Cross(Trend,0);
Sell=Cross(0, Trend);

Plot(Close,"Close",colorBlue,styleCandle);
Plot(VS, "Vol Stop",IIf(trend==1,10,11 ),styleThick);

mkol = IIf( Trend==1, 10, 11);
Plot(5, "ribbon", mkol, styleOwnScale|styleArea|styleNoLabel, 0, -5); // Weekly trend

shape = Buy * shapeUpArrow + Sell * shapeDownArrow;
PlotShapes( shape, IIf( Buy, colorGreen, colorRed ), 0, IIf( Buy, Low-f, High+f));
_SECTION_END();

Abhi that is amibroker code.
Is this code is similar to metastock code(Dr Alexander Elder's SafeZone trailing stop ), you have posted in post-136....?

Hemant

 

[abhiwhy]

Abhi that is amibroker code.
Is this code is similar to metastock code(Dr Alexander Elder's SafeZone trailing stop ), you have posted in post-136....?

Hemant

not actually !!! ,

but i had no exact alternative in metastock of atrtrading afl in ami , and in daily chart the results shown by them are quite similar , thats why i posted Dr Alexander Elder's SafeZone trailing stop as an alternative option to meta users , if they need.

 

[abhiwhy]

@Abhi
As you said , in a rangebound market , 50 SMA on 1min TF will cause some false signals and whipsaws. How about taking only those trades in the Day's direction? For example if so far the day's candle is in Red , we are taking only the Short tradees.

it may be good idea, but as range bound markets don't have any direction and can several times icontinuously change from red to green and green to red ,there is only confusion everywhere .

 

[nick721156]

Dear Abhi,

Is there any way by which we can predict in the morning itself (may be within 15 - 30 minutes) that market will move sideways on that day?

Regards,

Raju

 

[abhiwhy]

Dear Abhi,

Is there any way by which we can predict in the morning itself (may be within 15 - 30 minutes) that market will move sideways on that day?

Regards,

Raju

hi raju

there is no confirm technique at all but you could get idea about next day market by looking previous day market's OHLC , and market trend , us 11 period moving average , if price is above it in daily chart and if todays close is above the half of today's range ( suppose today's nifty ohlc is 5030, 5100, 5000 and 5080 so what is range (hi- lo) = 5100-5000= 100 points , so mid point is 5050 (half of today's range ) and as market has closed above 5050 i.e., 5080 so next day has more probability of a rising than falling , also if next day market breaks previoud high ( i.e., todays high ) it will be an ouitside day and price will set new high and should close higher .

also if market has to go bullish than it will make a low first and high will be defined after 1-2 or 3 pm , if upto 11.30 -12 market has made its low and is far above from day's low(distance of last price from days high is less than its distance from day's low , it will go bullish )

vice- versa in also correct for bear or falling market .

 

[nick721156]

hi raju

there is no confirm technique at all but you could get idea about next day market by looking previous day market's OHLC , and market trend , us 11 period moving average , if price is above it in daily chart and if todays close is above the half of today's range ( suppose today's nifty ohlc is 5030, 5100, 5000 and 5080 so what is range (hi- lo) = 5100-5000= 100 points , so mid point is 5050 (half of today's range ) and as market has closed above 5050 i.e., 5080 so next day has more probability of a rising than falling , also if next day market breaks previoud high ( i.e., todays high ) it will be an ouitside day and price will set new high and should close higher .

also if market has to go bullish than it will make a low first and high will be defined after 1-2 or 3 pm , if upto 11.30 -12 market has made its low and is far above from day's low(distance of last price from days high is less than its distance from day's low , it will go bullish )

vice- versa in also correct for bear or falling market .

Dear Abhi,

Thanks a lot for your prompt reply.

Regards,

Raju

 

[nick721156]

hi raju


Dera Abhi,

When you have said, " if upto 11.30 -12 market has made its low and is far above from day's low(distance of last price from days high is less than its distance from day's low , it will go bullish )"; is it 'Day's low' till noon or the last price around that time?


Regards,

Raju

 

[abhiwhy]

hi raju


Dera Abhi,

When you have said, " if upto 11.30 -12 market has made its low and is far above from day's low(distance of last price from days high is less than its distance from day's low , it will go bullish )"; is it 'Day's low' till noon or the last price around that time?


Regards,

Raju

i m nt getting u exactly , but i meant:
suppose today morning market opened , 5000 and made a low of 4980 and made a high of 5015 (upto 11.30-12 ) and is going time at present is 12.02 and market is tradding at 5008 so it should go bullish.


another technique several people use is 30 min breakout , for this they find out 30 minute range ( high and lo ) and enter on breaking high or low in long and short directions respecctively .